Peoples Financial Services CORP. Has $2.12 Million Stock Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Peoples Financial Services CORP. lowered its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 1.7% during the third quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,218 shares of the semiconductor company’s stock after selling 158 shares during the quarter. Peoples Financial Services CORP.’s holdings in Analog Devices were worth $2,122,000 at the end of the most recent quarter.

Several other institutional investors also recently added to or reduced their stakes in the business. RDA Financial Network lifted its stake in shares of Analog Devices by 15.4% in the third quarter. RDA Financial Network now owns 6,249 shares of the semiconductor company’s stock valued at $1,438,000 after buying an additional 836 shares during the period. Swedbank AB lifted its position in shares of Analog Devices by 6.7% in the 3rd quarter. Swedbank AB now owns 2,894,109 shares of the semiconductor company’s stock worth $666,137,000 after acquiring an additional 180,870 shares during the period. Creative Planning grew its holdings in shares of Analog Devices by 4.7% during the 3rd quarter. Creative Planning now owns 116,826 shares of the semiconductor company’s stock worth $26,890,000 after purchasing an additional 5,269 shares in the last quarter. Sivia Capital Partners LLC increased its position in shares of Analog Devices by 9.9% during the third quarter. Sivia Capital Partners LLC now owns 1,210 shares of the semiconductor company’s stock valued at $278,000 after purchasing an additional 109 shares during the period. Finally, Grove Bank & Trust raised its stake in shares of Analog Devices by 3.1% in the third quarter. Grove Bank & Trust now owns 1,445 shares of the semiconductor company’s stock valued at $333,000 after purchasing an additional 43 shares in the last quarter. 86.81% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several brokerages have issued reports on ADI. Bank of America lowered their price target on shares of Analog Devices from $260.00 to $255.00 and set a “buy” rating on the stock in a report on Thursday, August 22nd. Needham & Company LLC reissued a “hold” rating on shares of Analog Devices in a research note on Thursday, August 22nd. Truist Financial lowered shares of Analog Devices from a “buy” rating to a “hold” rating and dropped their price target for the stock from $266.00 to $233.00 in a research report on Monday, September 23rd. Morgan Stanley lifted their price objective on Analog Devices from $250.00 to $257.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Finally, JPMorgan Chase & Co. increased 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. Six investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus price target of $249.80.

Insider Buying and Selling

In other news, Director Edward H. Frank sold 500 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $227.24, for a total value of $113,620.00. Following the transaction, the director now owns 4,748 shares of the company’s stock, valued at approximately $1,078,935.52. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Edward H. Frank sold 995 shares of Analog Devices stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $234.31, for a total transaction of $233,138.45. Following the completion of the sale, the director now directly owns 3,753 shares of the company’s stock, valued at $879,365.43. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Edward H. Frank sold 500 shares of the company’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $227.24, for a total value of $113,620.00. Following the completion of the sale, the director now owns 4,748 shares of the company’s stock, valued at $1,078,935.52. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 91,495 shares of company stock worth $20,794,658 over the last three months. 0.31% of the stock is currently owned by company insiders.

Analog Devices Price Performance

Shares of NASDAQ ADI traded up $2.07 during trading on Wednesday, reaching $227.94. The company had a trading volume of 164,034 shares, compared to its average volume of 3,248,712. Analog Devices, Inc. has a 52 week low of $154.99 and a 52 week high of $244.14. The business’s 50 day moving average price is $224.82 and its 200-day moving average price is $220.54. The stock has a market cap of $113.11 billion, a PE ratio of 52.77, a PEG ratio of 3.87 and a beta of 1.07. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.24 and a current ratio of 1.69.

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

Analog Devices Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were issued a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend was Tuesday, September 3rd. Analog Devices’s dividend payout ratio is 85.98%.

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.