B.O.S.S. Retirement Advisors LLC Takes $318,000 Position in Analog Devices, Inc. (NASDAQ:ADI)

B.O.S.S. Retirement Advisors LLC acquired a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) during the fourth quarter, HoldingsChannel reports. The fund acquired 1,497 shares of the semiconductor company’s stock, valued at approximately $318,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Fenimore Asset Management Inc boosted its stake in shares of Analog Devices by 0.3% during the 4th quarter. Fenimore Asset Management Inc now owns 475,479 shares of the semiconductor company’s stock worth $101,020,000 after acquiring an additional 1,564 shares in the last quarter. Linden Thomas Advisory Services LLC raised its holdings in Analog Devices by 2.7% during the fourth quarter. Linden Thomas Advisory Services LLC now owns 10,595 shares of the semiconductor company’s stock worth $2,251,000 after purchasing an additional 281 shares during the last quarter. Cyndeo Wealth Partners LLC raised its holdings in Analog Devices by 1.6% during the fourth quarter. Cyndeo Wealth Partners LLC now owns 41,879 shares of the semiconductor company’s stock worth $8,898,000 after purchasing an additional 651 shares during the last quarter. Geneos Wealth Management Inc. boosted its position in Analog Devices by 9.5% during the fourth quarter. Geneos Wealth Management Inc. now owns 3,525 shares of the semiconductor company’s stock worth $749,000 after purchasing an additional 306 shares in the last quarter. Finally, apricus wealth LLC acquired a new stake in Analog Devices in the fourth quarter valued at $251,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ADI has been the subject of several research reports. 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 research note on Wednesday, November 27th. Morgan Stanley cut their target price on shares of Analog Devices from $252.00 to $248.00 and set an “overweight” rating for the company in a research report on Wednesday, November 27th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $250.00 price target on shares of Analog Devices in a research report on Tuesday, October 8th. Needham & Company LLC restated a “hold” rating on shares of Analog Devices in a research report on Wednesday, November 27th. Finally, Truist Financial increased their target price on Analog Devices from $216.00 to $230.00 and gave the company a “hold” rating in a report on Friday, January 10th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, Analog Devices presently has an average rating of “Moderate Buy” and an average price target of $248.70.

Insider Transactions at Analog Devices

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

Analog Devices Price Performance

Analog Devices stock opened at $217.37 on Friday. Analog Devices, Inc. has a 1 year low of $182.57 and a 1 year 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. The firm has a 50 day moving average price of $216.42 and a 200 day moving average price of $222.27. The company has a market cap of $107.85 billion, a price-to-earnings ratio of 66.07, a PEG ratio of 2.57 and a beta of 1.05.

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

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 9th were paid a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 1.69%. The ex-dividend date was Monday, December 9th. Analog Devices’s dividend payout ratio is currently 111.85%.

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.