Wrapmanager Inc. Buys 143 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Wrapmanager Inc. boosted its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 7.1% during the fourth quarter, Holdings Channel.com reports. The firm owned 2,162 shares of the semiconductor company’s stock after purchasing an additional 143 shares during the quarter. Wrapmanager Inc.’s holdings in Analog Devices were worth $429,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Massachusetts Financial Services Co. MA boosted its position in shares of Analog Devices by 22.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 13,868,437 shares of the semiconductor company’s stock worth $2,428,225,000 after purchasing an additional 2,497,696 shares in the last quarter. Invesco Ltd. grew its stake in shares of Analog Devices by 7.5% during the third quarter. Invesco Ltd. now owns 10,003,284 shares of the semiconductor company’s stock worth $1,751,475,000 after acquiring an additional 701,367 shares during the last quarter. Baillie Gifford & Co. lifted its stake in shares of Analog Devices by 11.7% during the fourth quarter. Baillie Gifford & Co. now owns 3,794,215 shares of the semiconductor company’s stock worth $753,379,000 after buying an additional 397,753 shares during the period. The Manufacturers Life Insurance Company grew its stake in Analog Devices by 7.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,119,239 shares of the semiconductor company’s stock valued at $546,148,000 after purchasing an additional 225,048 shares during the last quarter. Finally, Van ECK Associates Corp increased its holdings in shares of Analog Devices by 14.2% in the fourth quarter. Van ECK Associates Corp now owns 2,890,824 shares of the semiconductor company’s stock valued at $574,002,000 after purchasing an additional 358,697 shares during the period. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analog Devices Trading Down 0.0 %

NASDAQ:ADI traded down $0.07 on Thursday, reaching $204.79. The stock had a trading volume of 2,941,773 shares, compared to its average volume of 3,326,513. Analog Devices, Inc. has a 12-month low of $154.99 and a 12-month high of $205.77. The company has a market cap of $101.56 billion, a price-to-earnings ratio of 36.64, a P/E/G ratio of 5.01 and a beta of 1.14. The firm’s fifty day moving average is $195.19 and its two-hundred day moving average is $189.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.51 and a quick ratio of 0.98.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.71 by $0.02. Analog Devices had a net margin of 24.34% and a return on equity of 12.76%. The firm had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the previous year, the company earned $2.75 EPS. Analog Devices’s revenue for the quarter was down 22.7% on a year-over-year basis. Equities analysts expect that Analog Devices, Inc. will post 5.86 EPS for the current fiscal year.

Analog Devices Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, March 5th were issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 1.80%. This is an increase from Analog Devices’s previous quarterly dividend of $0.86. The ex-dividend date was Monday, March 4th. Analog Devices’s payout ratio is presently 65.83%.

Insider Buying and Selling

In other Analog Devices news, Director James Champy sold 1,228 shares of Analog Devices stock in a transaction 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 owns 6,371 shares in the company, valued at approximately $1,259,164.44. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In other news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $197.06, for a total value of $1,970,600.00. Following the completion of the sale, the chief executive officer now owns 51,039 shares of the company’s stock, valued at $10,057,745.34. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James Champy sold 1,228 shares of Analog Devices stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $197.64, for a total transaction of $242,701.92. Following the transaction, the director now owns 6,371 shares in the company, valued at approximately $1,259,164.44. The disclosure for this sale can be found here. Over the last quarter, insiders sold 24,707 shares of company stock valued at $4,874,613. Insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ADI shares. Wolfe Research raised Analog Devices from a “peer perform” rating to an “outperform” rating and set a $225.00 target price for the company in a report on Thursday, January 18th. Oppenheimer restated an “outperform” rating and issued a $215.00 target price on shares of Analog Devices in a research report on Thursday, February 22nd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $205.00 price objective on shares of Analog Devices in a research note on Monday, March 4th. Truist Financial cut their target price on Analog Devices from $226.00 to $222.00 and set a “buy” rating for the company in a research note on Thursday, February 22nd. Finally, Barclays upped their price objective on Analog Devices from $180.00 to $185.00 and gave the company an “equal weight” rating in a report on Tuesday, January 16th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $208.17.

Analog Devices 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.