Nisa Investment Advisors LLC Grows Stock Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Nisa Investment Advisors LLC boosted its stake in Analog Devices, Inc. (NASDAQ:ADI) by 0.8% in the fourth quarter, HoldingsChannel reports. The firm owned 204,897 shares of the semiconductor company’s stock after acquiring an additional 1,722 shares during the period. Nisa Investment Advisors LLC’s holdings in Analog Devices were worth $43,532,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also added to or reduced their stakes in the company. Genesis Private Wealth LLC purchased a new stake in Analog Devices during the fourth quarter valued at $212,000. Simon Quick Advisors LLC grew its stake in shares of Analog Devices by 35.0% during the 4th quarter. Simon Quick Advisors LLC now owns 2,357 shares of the semiconductor company’s stock valued at $501,000 after purchasing an additional 611 shares during the period. MCF Advisors LLC increased its position in shares of Analog Devices by 23.4% during the 4th quarter. MCF Advisors LLC now owns 474 shares of the semiconductor company’s stock valued at $101,000 after purchasing an additional 90 shares during the last quarter. Roberts Wealth Advisors LLC lifted its stake in shares of Analog Devices by 8.5% in the 4th quarter. Roberts Wealth Advisors LLC now owns 1,577 shares of the semiconductor company’s stock worth $344,000 after purchasing an additional 124 shares during the period. Finally, Fort Washington Investment Advisors Inc. OH boosted its holdings in shares of Analog Devices by 9.1% in the fourth quarter. Fort Washington Investment Advisors Inc. OH now owns 263,367 shares of the semiconductor company’s stock worth $55,955,000 after buying an additional 22,038 shares during the last quarter. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have weighed in on ADI shares. Needham & Company LLC reiterated a “hold” rating on shares of Analog Devices in a research report on Wednesday, November 27th. Barclays decreased their target price on Analog Devices from $250.00 to $210.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Piper Sandler cut their price target on Analog Devices from $235.00 to $220.00 and set a “neutral” rating for the company in a report on Wednesday, November 27th. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $250.00 price objective on shares of Analog Devices in a research note on Tuesday, October 8th. Finally, TD Cowen reduced their target price on shares of Analog Devices from $270.00 to $260.00 and set a “buy” rating for the company in a report on Wednesday, November 27th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $248.70.

Analog Devices Stock Performance

NASDAQ ADI opened at $221.45 on Wednesday. The company has a market cap of $109.87 billion, a P/E ratio of 67.31, a P/E/G ratio of 2.51 and a beta of 1.05. The business’s 50 day moving average price is $215.62 and its 200-day moving average price is $222.39. Analog Devices, Inc. has a fifty-two week low of $182.57 and a fifty-two week high of $244.14. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.35 and a current ratio of 1.84.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Tuesday, November 26th. The semiconductor company reported $1.67 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.03. Analog Devices had a net margin of 17.35% and a return on equity of 9.01%. The business had revenue of $2.44 billion for the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter in the prior year, the firm posted $2.01 earnings per share. The business’s revenue for the quarter was down 10.1% on a year-over-year basis. Sell-side analysts predict that Analog Devices, Inc. will post 7.09 earnings per share for the current year.

Analog Devices Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 9th were paid a dividend of $0.92 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.66%. Analog Devices’s dividend payout ratio is 111.85%.

Insider Transactions at Analog Devices

In other news, EVP Gregory M. Bryant sold 20,000 shares of the business’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $223.87, for a total value of $4,477,400.00. Following the completion of the sale, the executive vice president now owns 59,093 shares in the company, valued at approximately $13,229,149.91. The trade was a 25.29 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $215.83, for a total transaction of $2,158,300.00. Following the completion of the transaction, the chief executive officer now directly owns 21,983 shares of the company’s stock, valued at $4,744,590.89. This trade represents a 31.27 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,000 shares of company stock worth $11,029,300. 0.31% of the stock is currently owned by company insiders.

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.