Kintegral Advisory LLC Sells 300 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Kintegral Advisory LLC cut its stake in Analog Devices, Inc. (NASDAQ:ADI) by 4.4% in the fourth quarter, Holdings Channel reports. The institutional investor owned 6,448 shares of the semiconductor company’s stock after selling 300 shares during the period. Kintegral Advisory LLC’s holdings in Analog Devices were worth $1,370,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Swedbank AB lifted its holdings 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 last quarter. Foundations Investment Advisors LLC raised its position in Analog Devices by 9.5% in the 3rd quarter. Foundations Investment Advisors LLC now owns 2,020 shares of the semiconductor company’s stock worth $465,000 after purchasing an additional 176 shares during the period. Private Advisor Group LLC lifted its stake in Analog Devices by 6.4% in the third quarter. Private Advisor Group LLC now owns 20,936 shares of the semiconductor company’s stock worth $4,818,000 after purchasing an additional 1,264 shares during the last quarter. McAdam LLC boosted its position in shares of Analog Devices by 11.3% during the third quarter. McAdam LLC now owns 976 shares of the semiconductor company’s stock valued at $225,000 after buying an additional 99 shares during the period. Finally, Dakota Wealth Management grew its stake in shares of Analog Devices by 0.7% during the third quarter. Dakota Wealth Management now owns 8,684 shares of the semiconductor company’s stock valued at $1,999,000 after buying an additional 57 shares during the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analog Devices Trading Down 2.0 %

ADI opened at $238.91 on Friday. The company has a current ratio of 1.93, a quick ratio of 1.35 and a debt-to-equity ratio of 0.19. The firm has a market cap of $118.49 billion, a price-to-earnings ratio of 76.09, a PEG ratio of 2.60 and a beta of 1.04. Analog Devices, Inc. has a 12 month low of $182.57 and a 12 month high of $247.10. The stock has a fifty day moving average price of $215.50 and a 200-day moving average price of $220.34.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, February 19th. The semiconductor company reported $1.63 EPS for the quarter, topping analysts’ consensus estimates of $1.54 by $0.09. Analog Devices had a net margin of 16.75% and a return on equity of 8.91%. The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the previous year, the company posted $1.73 earnings per share. The firm’s revenue was down 3.6% on a year-over-year basis. As a group, equities research analysts anticipate that Analog Devices, Inc. will post 7.09 earnings per share for the current fiscal year.

Analog Devices declared that its Board of Directors has initiated a stock buyback plan on Tuesday, February 18th that allows the company to buyback $10.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to purchase up to 9.2% of its shares through open market purchases. Shares buyback plans are often a sign that the company’s board of directors believes its stock is undervalued.

Analog Devices Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Tuesday, March 4th will be given a dividend of $0.99 per share. This is a boost from Analog Devices’s previous quarterly dividend of $0.92. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $3.96 dividend on an annualized basis and a yield of 1.66%. Analog Devices’s dividend payout ratio is presently 117.20%.

Insider Buying and Selling at Analog Devices

In other news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction 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 transaction, the chief executive officer now directly owns 21,983 shares of the company’s stock, valued at approximately $4,744,590.89. This represents a 31.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 0.33% of the stock is owned by insiders.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on ADI shares. Barclays decreased their price target on Analog Devices from $250.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. Piper Sandler decreased their target price on Analog Devices from $235.00 to $220.00 and set a “neutral” rating for the company in a research report on Wednesday, November 27th. Truist Financial upped their price target on shares of Analog Devices from $230.00 to $248.00 and gave the stock a “hold” rating in a report on Thursday. JPMorgan Chase & Co. raised their price target on shares of Analog Devices from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday. Finally, Benchmark boosted their price objective on shares of Analog Devices from $245.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday. Six investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $255.41.

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.