Brown Miller Wealth Management LLC Sells 126 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Brown Miller Wealth Management LLC lowered its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 1.2% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 10,241 shares of the semiconductor company’s stock after selling 126 shares during the period. Brown Miller Wealth Management LLC’s holdings in Analog Devices were worth $2,034,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in the company. Ancora Advisors LLC grew its holdings in shares of Analog Devices by 2.1% during the third quarter. Ancora Advisors LLC now owns 2,744 shares of the semiconductor company’s stock valued at $480,000 after buying an additional 57 shares during the last quarter. Legacy Advisors LLC lifted its holdings in shares of Analog Devices by 2.3% in the third quarter. Legacy Advisors LLC now owns 2,657 shares of the semiconductor company’s stock valued at $465,000 after purchasing an additional 59 shares in the last quarter. MRA Advisory Group boosted its position in shares of Analog Devices by 2.5% during the third quarter. MRA Advisory Group now owns 2,534 shares of the semiconductor company’s stock valued at $444,000 after buying an additional 61 shares during the last quarter. U.S. Capital Wealth Advisors LLC raised its position in Analog Devices by 3.1% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 2,083 shares of the semiconductor company’s stock valued at $365,000 after buying an additional 62 shares during the last quarter. Finally, Sage Mountain Advisors LLC boosted its holdings in Analog Devices by 5.4% during the 3rd quarter. Sage Mountain Advisors LLC now owns 1,227 shares of the semiconductor company’s stock worth $215,000 after acquiring an additional 63 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Analog Devices

In other news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $192.11, for a total value of $1,921,100.00. Following the sale, the chief executive officer now directly owns 5,713 shares of the company’s stock, valued at approximately $1,097,524.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $192.11, for a total value of $1,921,100.00. Following the sale, the chief executive officer now directly owns 5,713 shares of the company’s stock, valued at approximately $1,097,524.43. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director James Champy sold 1,228 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $197.64, for a total value of $242,701.92. Following the transaction, the director now directly owns 6,371 shares of the company’s stock, valued at approximately $1,259,164.44. The disclosure for this sale can be found here. Insiders have sold 21,228 shares of company stock worth $4,134,502 over the last ninety days. 0.31% of the stock is owned by corporate insiders.

Analog Devices Trading Up 2.3 %

Shares of NASDAQ ADI traded up $4.46 during mid-day trading on Thursday, hitting $197.79. The stock had a trading volume of 3,119,689 shares, compared to its average volume of 3,442,385. The business has a 50 day moving average price of $192.93 and a two-hundred day moving average price of $184.47. Analog Devices, Inc. has a 1 year low of $154.99 and a 1 year high of $202.77. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.98 and a current ratio of 1.51. The firm has a market cap of $98.09 billion, a P/E ratio of 35.38, a price-to-earnings-growth ratio of 4.74 and a beta of 1.17.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 EPS for the quarter, beating analysts’ consensus estimates of $1.71 by $0.02. The business had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.50 billion. Analog Devices had a return on equity of 12.76% and a net margin of 24.34%. Analog Devices’s quarterly revenue was down 22.7% compared to the same quarter last year. During the same quarter in the prior year, the company posted $2.75 EPS. On average, equities analysts anticipate that Analog Devices, Inc. will post 5.86 EPS for the current fiscal year.

Analog Devices Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th were paid a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date was Monday, March 4th. This is a boost from Analog Devices’s previous quarterly dividend of $0.86. Analog Devices’s dividend payout ratio (DPR) is presently 65.83%.

Wall Street Analyst Weigh In

A number of analysts recently commented on ADI shares. The Goldman Sachs Group increased their price target on Analog Devices from $191.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. KeyCorp boosted their target price on shares of Analog Devices from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Barclays upped their price objective on Analog Devices from $180.00 to $185.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 16th. Cantor Fitzgerald restated a “neutral” rating and issued a $205.00 target price on shares of Analog Devices in a research note on Monday, March 4th. Finally, Sanford C. Bernstein downgraded Analog Devices from an “outperform” rating to a “market perform” rating and set a $200.00 price target for the company. in a research note on Thursday, January 4th. Seven equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $206.26.

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.