Wilmington Savings Fund Society FSB Sells 472 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Wilmington Savings Fund Society FSB lowered its stake in Analog Devices, Inc. (NASDAQ:ADI) by 0.4% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 112,583 shares of the semiconductor company’s stock after selling 472 shares during the quarter. Wilmington Savings Fund Society FSB’s holdings in Analog Devices were worth $23,919,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently made changes to their positions in ADI. Apollon Wealth Management LLC lifted its position in shares of Analog Devices by 35.9% in the fourth quarter. Apollon Wealth Management LLC now owns 16,812 shares of the semiconductor company’s stock valued at $3,572,000 after acquiring an additional 4,444 shares in the last quarter. Mezzasalma Advisors LLC purchased a new position in Analog Devices in the 4th quarter worth approximately $379,000. Vest Financial LLC lifted its holdings in Analog Devices by 47.7% in the 4th quarter. Vest Financial LLC now owns 6,977 shares of the semiconductor company’s stock worth $1,482,000 after purchasing an additional 2,252 shares in the last quarter. BayBridge Capital Group LLC grew its holdings in Analog Devices by 7.5% during the 4th quarter. BayBridge Capital Group LLC now owns 2,582 shares of the semiconductor company’s stock valued at $549,000 after buying an additional 180 shares in the last quarter. Finally, Conning Inc. raised its position in shares of Analog Devices by 0.6% during the fourth quarter. Conning Inc. now owns 171,645 shares of the semiconductor company’s stock valued at $36,468,000 after buying an additional 1,036 shares during the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, January 2nd. The stock was 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 approximately $4,737,116.67. The trade was a 31.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 0.33% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on the stock. Wells Fargo & Company assumed coverage on shares of Analog Devices in a research note on Friday, November 22nd. They set an “equal weight” rating and a $220.00 target price for the company. Piper Sandler reduced their target price on Analog Devices from $235.00 to $220.00 and set a “neutral” rating on the stock in a report on Wednesday, November 27th. TD Cowen dropped their price target on Analog Devices from $270.00 to $260.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Barclays cut their price target on Analog Devices from $250.00 to $210.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Analog Devices in a report on Wednesday, November 27th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $248.70.

Analog Devices Stock Down 1.3 %

Shares of NASDAQ ADI opened at $205.21 on Friday. Analog Devices, Inc. has a 1 year low of $182.57 and a 1 year high of $244.14. The firm has a 50-day simple moving average of $215.46 and a two-hundred day simple moving average of $220.59. The company has a market cap of $101.81 billion, a P/E ratio of 62.37, a PEG ratio of 2.43 and a beta of 1.04. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.84 and a quick ratio of 1.35.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Tuesday, November 26th. The semiconductor company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.03. Analog Devices had a return on equity of 9.01% and a net margin of 17.35%. The firm had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same period last year, the company earned $2.01 EPS. Analog Devices’s quarterly revenue was down 10.1% compared to the same quarter last year. Research analysts anticipate that Analog Devices, Inc. will post 7.09 earnings per share for the current year.

Analog Devices Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 9th were issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.79%. The ex-dividend date was Monday, December 9th. Analog Devices’s payout ratio is presently 111.85%.

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.