Unique Wealth Strategies LLC Takes Position in Analog Devices, Inc. (NASDAQ:ADI)

Unique Wealth Strategies LLC purchased a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 3,915 shares of the semiconductor company’s stock, valued at approximately $777,000.

Several other institutional investors have also made changes to their positions in ADI. Exchange Traded Concepts LLC raised its stake in shares of Analog Devices by 95.6% in the 3rd quarter. Exchange Traded Concepts LLC now owns 10,103 shares of the semiconductor company’s stock valued at $1,769,000 after acquiring an additional 4,938 shares in the last quarter. Handelsbanken Fonder AB raised its stake in shares of Analog Devices by 1.9% in the 3rd quarter. Handelsbanken Fonder AB now owns 157,694 shares of the semiconductor company’s stock valued at $27,611,000 after acquiring an additional 2,978 shares in the last quarter. Patriot Financial Group Insurance Agency LLC raised its stake in shares of Analog Devices by 37.2% in the 3rd quarter. Patriot Financial Group Insurance Agency LLC now owns 2,635 shares of the semiconductor company’s stock valued at $461,000 after acquiring an additional 715 shares in the last quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO raised its stake in shares of Analog Devices by 9.4% in the 3rd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 7,934 shares of the semiconductor company’s stock valued at $1,389,000 after acquiring an additional 683 shares in the last quarter. Finally, Ropes Wealth Advisors LLC raised its stake in shares of Analog Devices by 16.1% in the 3rd quarter. Ropes Wealth Advisors LLC now owns 2,480 shares of the semiconductor company’s stock valued at $434,000 after acquiring an additional 343 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Analog Devices Trading Up 2.0 %

NASDAQ:ADI traded up $4.03 during mid-day trading on Friday, hitting $201.97. The company had a trading volume of 3,136,261 shares, compared to its average volume of 3,090,032. Analog Devices, Inc. has a fifty-two week low of $154.99 and a fifty-two week high of $204.20. The business’s fifty day moving average is $193.45 and its two-hundred day moving average is $187.28. 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 $100.16 billion, a P/E ratio of 36.13, a P/E/G ratio of 4.97 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, topping analysts’ consensus estimates of $1.71 by $0.02. The company had revenue of $2.51 billion for 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 revenue was down 22.7% compared to the same quarter last year. During the same quarter last year, the firm posted $2.75 earnings per share. As a group, research analysts expect that Analog Devices, Inc. will post 5.86 earnings per share for the current year.

Analog Devices Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, March 5th were issued a dividend of $0.92 per share. The ex-dividend date of this dividend was Monday, March 4th. This is an increase from Analog Devices’s previous quarterly dividend of $0.86. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.82%. Analog Devices’s dividend payout ratio (DPR) is presently 65.83%.

Insider Buying and Selling

In other Analog Devices news, EVP Vivek Jain sold 3,479 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $197.56, for a total value of $687,311.24. Following the completion of the transaction, the executive vice president now directly owns 5,745 shares in the company, valued at $1,134,982.20. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the firm’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 completion of the transaction, the chief executive officer now directly owns 5,713 shares in the company, valued at $1,097,524.43. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Vivek Jain sold 3,479 shares of Analog Devices stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $197.56, for a total value of $687,311.24. Following the transaction, the executive vice president now owns 5,745 shares of the company’s stock, valued at $1,134,982.20. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,707 shares of company stock worth $4,825,113. 0.31% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

ADI has been the topic of several recent analyst reports. Evercore ISI initiated coverage on Analog Devices in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $254.00 price target on the stock. Truist Financial dropped their price target on Analog Devices from $226.00 to $222.00 and set a “buy” rating on the stock in a research report on Thursday, February 22nd. Sanford C. Bernstein lowered Analog Devices from an “outperform” rating to a “market perform” rating and set a $200.00 target price for the company. in a research note on Thursday, January 4th. 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, KeyCorp upped their target price on Analog Devices from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $208.17.

Analog Devices Company Profile

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.