Catalyst Financial Partners LLC Boosts Stock Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Catalyst Financial Partners LLC lifted its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 7.3% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 2,292 shares of the semiconductor company’s stock after purchasing an additional 156 shares during the period. Catalyst Financial Partners LLC’s holdings in Analog Devices were worth $528,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Norden Group LLC lifted its position in shares of Analog Devices by 1,534.0% during the first quarter. Norden Group LLC now owns 27,076 shares of the semiconductor company’s stock valued at $5,355,000 after buying an additional 25,419 shares during the last quarter. FORVIS Wealth Advisors LLC increased its position in shares of Analog Devices by 29.4% during the first quarter. FORVIS Wealth Advisors LLC now owns 2,162 shares of the semiconductor company’s stock worth $428,000 after purchasing an additional 491 shares in the last quarter. J.W. Cole Advisors Inc. boosted its position in shares of Analog Devices by 6.5% in the 1st quarter. J.W. Cole Advisors Inc. now owns 1,086 shares of the semiconductor company’s stock worth $215,000 after purchasing an additional 66 shares in the last quarter. Retirement Group LLC raised its stake in Analog Devices by 14.6% in the first quarter. Retirement Group LLC now owns 612 shares of the semiconductor company’s stock valued at $121,000 after buying an additional 78 shares during the last quarter. Finally, Mirae Asset Global Investments Co. Ltd. grew its stake in shares of Analog Devices by 4.9% during the first quarter. Mirae Asset Global Investments Co. Ltd. now owns 786,390 shares of the semiconductor company’s stock worth $148,519,000 after acquiring an additional 36,461 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors.

Insider Transactions at Analog Devices

In related news, EVP Gregory M. Bryant sold 30,000 shares of the business’s stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $224.10, for a total value of $6,723,000.00. Following the completion of the sale, the executive vice president now directly owns 109,093 shares of the company’s stock, valued at $24,447,741.30. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Analog Devices news, EVP Gregory M. Bryant sold 30,000 shares of Analog Devices stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $224.10, for a total transaction of $6,723,000.00. Following the transaction, the executive vice president now owns 109,093 shares of the company’s stock, valued at $24,447,741.30. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, September 3rd. The stock was sold at an average price of $228.69, for a total transaction of $2,286,900.00. Following the transaction, the chief executive officer now owns 51,039 shares in the company, valued at approximately $11,672,108.91. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 81,495 shares of company stock valued at $18,513,858. 0.31% of the stock is currently owned by company insiders.

Analog Devices Stock Down 2.2 %

Shares of NASDAQ ADI opened at $230.12 on Thursday. The company has a quick ratio of 1.24, a current ratio of 1.69 and a debt-to-equity ratio of 0.19. The business’s 50 day moving average is $227.22 and its two-hundred day moving average is $222.87. Analog Devices, Inc. has a 52-week low of $155.16 and a 52-week high of $244.14. The firm has a market cap of $114.25 billion, a price-to-earnings ratio of 69.11, a PEG ratio of 3.87 and a beta of 1.07.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, August 21st. The semiconductor company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.08. Analog Devices had a return on equity of 9.47% and a net margin of 17.07%. The firm had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the previous year, the business earned $2.49 EPS. The company’s quarterly revenue was down 24.8% compared to the same quarter last year. Research analysts predict that Analog Devices, Inc. will post 6.34 EPS for the current year.

Analog Devices Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were issued a dividend of $0.92 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $3.68 dividend on an annualized basis and a yield of 1.60%. Analog Devices’s dividend payout ratio (DPR) is presently 110.51%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on the stock. Truist Financial lowered shares of Analog Devices from a “buy” rating to a “hold” rating and dropped their price objective for the company from $266.00 to $233.00 in a report on Monday, September 23rd. JPMorgan Chase & Co. lifted their target price on Analog Devices from $260.00 to $280.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Cantor Fitzgerald restated a “neutral” rating and set a $250.00 target price on shares of Analog Devices in a research report on Tuesday, October 8th. Bank of America reduced their price objective on Analog Devices from $260.00 to $255.00 and set a “buy” rating for the company in a research note on Thursday, August 22nd. Finally, Barclays upped their target price on Analog Devices from $235.00 to $250.00 and gave the stock an “equal weight” rating in a research note on Thursday, July 18th. Six investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $249.80.

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.