Analog Devices, Inc. (NASDAQ:ADI) Shares Purchased by Prime Capital Investment Advisors LLC

Prime Capital Investment Advisors LLC grew its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 37.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 8,118 shares of the semiconductor company’s stock after acquiring an additional 2,215 shares during the quarter. Prime Capital Investment Advisors LLC’s holdings in Analog Devices were worth $1,612,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Halpern Financial Inc. boosted its position in Analog Devices by 331.4% in the third quarter. Halpern Financial Inc. now owns 151 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 116 shares during the last quarter. Silver Oak Securities Incorporated purchased a new stake in Analog Devices in the third quarter valued at approximately $29,000. Fortis Capital Advisors LLC purchased a new stake in Analog Devices in the first quarter valued at approximately $31,000. Quarry LP boosted its position in Analog Devices by 267.4% in the first quarter. Quarry LP now owns 169 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 123 shares during the last quarter. Finally, Worth Asset Management LLC purchased a new stake in Analog Devices in the 1st quarter worth approximately $33,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts have commented on ADI shares. Truist Financial lowered their price objective on Analog Devices from $226.00 to $222.00 and set a “buy” rating on the stock in a research report on Thursday, February 22nd. KeyCorp upped their price objective on Analog Devices from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Sanford C. Bernstein lowered Analog Devices from an “outperform” rating to a “market perform” rating and set a $200.00 price objective on the stock. in a research report on Thursday, January 4th. Barclays upped their price objective on Analog Devices from $180.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 16th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $205.00 price objective on shares of Analog Devices in a research report on Monday, March 4th. Seven investment analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $206.26.

Analog Devices Stock Up 1.0 %

NASDAQ ADI opened at $196.69 on Tuesday. The business has a fifty day moving average price of $192.84 and a 200 day moving average price of $185.56. Analog Devices, Inc. has a one year low of $154.99 and a one year high of $202.77. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.98 and a current ratio of 1.51. The company has a market cap of $97.54 billion, a P/E ratio of 35.19, a P/E/G ratio of 4.89 and a beta of 1.17.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, February 21st. The semiconductor company reported $1.73 EPS for the quarter, beating the consensus estimate of $1.71 by $0.02. Analog Devices had a return on equity of 12.76% and a net margin of 24.34%. The firm had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the company earned $2.75 EPS. The firm’s revenue was down 22.7% compared to the same quarter last year. Research analysts anticipate 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. Shareholders of record on Tuesday, March 5th were paid a $0.92 dividend. The ex-dividend date was Monday, March 4th. This is an increase from Analog Devices’s previous quarterly dividend of $0.86. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.87%. Analog Devices’s dividend payout ratio (DPR) is 65.83%.

Insiders Place Their Bets

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

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.