PFW Advisors LLC Acquires New Shares in Analog Devices, Inc. (NASDAQ:ADI)

PFW Advisors LLC bought a new stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 5,612 shares of the semiconductor company's stock, valued at approximately $1,192,000.

Other institutional investors have also recently bought and sold shares of the company. Capital Performance Advisors LLP bought a new stake in shares of Analog Devices during the 3rd quarter valued at approximately $28,000. Archer Investment Corp increased its holdings in shares of Analog Devices by 101.4% during the third quarter. Archer Investment Corp now owns 145 shares of the semiconductor company's stock worth $33,000 after buying an additional 73 shares in the last quarter. Peterson Financial Group Inc. acquired a new position in shares of Analog Devices during the third quarter worth $43,000. Reston Wealth Management LLC bought a new position in shares of Analog Devices in the 3rd quarter valued at $48,000. Finally, Northwest Investment Counselors LLC acquired a new stake in shares of Analog Devices during the 3rd quarter valued at $80,000. Institutional investors and hedge funds own 86.81% of the company's stock.

Analog Devices Stock Up 0.3 %

ADI traded up $0.58 during midday trading on Monday, hitting $212.95. The company had a trading volume of 3,959,369 shares, compared to its average volume of 3,109,718. The stock's 50 day moving average price is $216.48 and its 200 day moving average price is $222.88. Analog Devices, Inc. has a 52 week low of $182.57 and a 52 week high of $244.14. The company has a market capitalization of $105.69 billion, a price-to-earnings ratio of 64.73, a PEG ratio of 2.47 and a beta of 1.05. The company has a quick ratio of 1.35, a current ratio of 1.84 and a debt-to-equity ratio of 0.19.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its earnings results on Tuesday, November 26th. The semiconductor company reported $1.67 EPS for the quarter, beating analysts' consensus estimates of $1.64 by $0.03. The business had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.41 billion. Analog Devices had a return on equity of 9.01% and a net margin of 17.35%. The firm's revenue was down 10.1% compared to the same quarter last year. During the same period in the previous year, the company posted $2.01 EPS. On average, research analysts anticipate that Analog Devices, Inc. will post 7.15 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 9th were given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 1.73%. The ex-dividend date of this dividend was Monday, December 9th. Analog Devices's payout ratio is presently 111.85%.

Analyst Upgrades and Downgrades

Several research firms have commented on ADI. Truist Financial increased their target price on Analog Devices from $216.00 to $230.00 and gave the company a "hold" rating in a research report on Friday. TD Cowen cut their target price on shares of Analog Devices from $270.00 to $260.00 and set a "buy" rating on the stock in a research report on Wednesday, November 27th. Needham & Company LLC reissued a "hold" rating on shares of Analog Devices in a report on Wednesday, November 27th. Morgan Stanley dropped their price target on shares of Analog Devices from $252.00 to $248.00 and set an "overweight" rating for the company in a research note on Wednesday, November 27th. Finally, Wells Fargo & Company began coverage on shares of Analog Devices in a research note on Friday, November 22nd. They issued an "equal weight" rating and a $220.00 price objective on the stock. Seven equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $249.48.

Insider Buying and Selling

In other news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $215.49, for a total value of $2,154,900.00. Following the completion of the sale, the chief executive officer now owns 21,983 shares in the company, valued at $4,737,116.67. This represents a 31.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, EVP Gregory M. Bryant sold 20,000 shares of the business's stock in a transaction dated Friday, November 1st. The stock was sold at an average price of $223.87, for a total transaction of $4,477,400.00. Following the transaction, the executive vice president now owns 59,093 shares in the company, valued at approximately $13,229,149.91. This trade represents a 25.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 50,000 shares of company stock worth $11,029,300 in the last quarter. Insiders own 0.31% of the company's stock.

About Analog Devices

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.

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