Allworth Financial LP Has $674,000 Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Allworth Financial LP reduced its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 2.3% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 3,395 shares of the semiconductor company’s stock after selling 79 shares during the quarter. Allworth Financial LP’s holdings in Analog Devices were worth $674,000 at the end of the most recent reporting period.

Several other large investors have also recently bought and sold shares of the company. State Street Corp lifted its holdings in Analog Devices by 1.2% during the 1st quarter. State Street Corp now owns 20,404,008 shares of the semiconductor company’s stock worth $4,024,078,000 after buying an additional 238,249 shares in the last quarter. Massachusetts Financial Services Co. MA lifted its stake in shares of Analog Devices by 22.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 13,868,437 shares of the semiconductor company’s stock valued at $2,428,225,000 after purchasing an additional 2,497,696 shares during the period. Invesco Ltd. lifted its stake in shares of Analog Devices by 7.5% in the 3rd quarter. Invesco Ltd. now owns 10,003,284 shares of the semiconductor company’s stock valued at $1,751,475,000 after purchasing an additional 701,367 shares during the period. Norges Bank bought a new position in shares of Analog Devices in the 4th quarter worth $1,040,194,000. Finally, Morgan Stanley boosted its position in shares of Analog Devices by 16.1% in the 4th quarter. Morgan Stanley now owns 5,988,806 shares of the semiconductor company’s stock worth $982,344,000 after purchasing an additional 830,281 shares during the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

Insider Activity at Analog Devices

In related news, EVP Vivek Jain sold 3,479 shares of Analog Devices stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $197.56, for a total value of $687,311.24. Following the sale, the executive vice president now owns 5,745 shares of the company’s stock, valued at $1,134,982.20. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $192.11, for a total transaction of $1,921,100.00. Following the completion of the transaction, the chief executive officer now owns 5,713 shares in the company, valued at $1,097,524.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Vivek Jain sold 3,479 shares of Analog Devices stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $197.56, for a total value of $687,311.24. Following the transaction, the executive vice president now owns 5,745 shares of the company’s stock, valued at approximately $1,134,982.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 24,707 shares of company stock valued at $4,825,113. 0.31% of the stock is owned by insiders.

Analog Devices Stock Performance

ADI opened at $196.69 on Tuesday. The business’s 50-day moving average price is $192.84 and its two-hundred day moving average price is $185.56. Analog Devices, Inc. has a 1 year low of $154.99 and a 1 year high of $202.77. The company has a market capitalization of $97.54 billion, a price-to-earnings ratio of 35.19, a P/E/G ratio of 4.89 and a beta of 1.17. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.51 and a quick ratio of 0.98.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.02. The business had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.50 billion. Analog Devices had a return on equity of 12.76% and a net margin of 24.34%. Analog Devices’s quarterly revenue was down 22.7% on a year-over-year basis. During the same quarter in the previous year, the business earned $2.75 earnings per share. Equities analysts expect that Analog Devices, Inc. will post 5.86 EPS for the current fiscal year.

Analog Devices Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, March 5th were given a $0.92 dividend. The ex-dividend date was Monday, March 4th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.87%. This is an increase from Analog Devices’s previous quarterly dividend of $0.86. Analog Devices’s payout ratio is currently 65.83%.

Wall Street Analysts Forecast Growth

Several research analysts have recently issued reports on ADI shares. The Goldman Sachs Group raised their price target on Analog Devices from $191.00 to $205.00 and gave the stock a “buy” rating in a research report on Thursday, February 22nd. Cantor Fitzgerald restated a “neutral” rating and issued a $205.00 price target on shares of Analog Devices in a research report on Monday, March 4th. Oppenheimer restated an “outperform” rating and issued a $215.00 price target on shares of Analog Devices in a research report on Thursday, February 22nd. Wolfe Research upgraded Analog Devices from a “peer perform” rating to an “outperform” rating and set a $225.00 price target on the stock in a research report on Thursday, January 18th. Finally, Edward Jones raised Analog Devices from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Seven analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the stock. According to data from MarketBeat.com, Analog Devices presently has a consensus rating of “Moderate Buy” and an average price target of $206.26.

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.