1,811 Shares in Analog Devices, Inc. $ADI Acquired by Jackson Creek Investment Advisors LLC

Jackson Creek Investment Advisors LLC acquired a new stake in Analog Devices, Inc. (NASDAQ:ADI) during the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor acquired 1,811 shares of the semiconductor company’s stock, valued at approximately $445,000.

A number of other institutional investors also recently modified their holdings of the stock. Nicholson Wealth Management Group LLC grew its holdings in shares of Analog Devices by 6.0% during the 3rd quarter. Nicholson Wealth Management Group LLC now owns 8,119 shares of the semiconductor company’s stock valued at $1,995,000 after acquiring an additional 460 shares in the last quarter. Jones Financial Companies Lllp boosted its position in Analog Devices by 12.9% during the third quarter. Jones Financial Companies Lllp now owns 169,572 shares of the semiconductor company’s stock valued at $41,907,000 after purchasing an additional 19,383 shares during the last quarter. Oak Harbor Wealth Partners LLC grew its stake in Analog Devices by 11.2% in the third quarter. Oak Harbor Wealth Partners LLC now owns 2,277 shares of the semiconductor company’s stock valued at $559,000 after purchasing an additional 229 shares in the last quarter. FDx Advisors Inc. increased its position in Analog Devices by 72.7% in the 3rd quarter. FDx Advisors Inc. now owns 1,748 shares of the semiconductor company’s stock worth $409,000 after purchasing an additional 736 shares during the last quarter. Finally, Mediolanum International Funds Ltd raised its stake in shares of Analog Devices by 47.0% during the 3rd quarter. Mediolanum International Funds Ltd now owns 123,574 shares of the semiconductor company’s stock worth $30,250,000 after purchasing an additional 39,508 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analog Devices Stock Up 1.9%

ADI stock opened at $316.86 on Tuesday. The stock has a market capitalization of $154.83 billion, a price-to-earnings ratio of 69.49, a price-to-earnings-growth ratio of 1.69 and a beta of 1.03. The company has a 50-day moving average of $285.62 and a two-hundred day moving average of $255.09. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $319.26. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.19 and a quick ratio of 1.68.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.04. The business had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.02 billion. Analog Devices had a return on equity of 11.23% and a net margin of 20.58%.The firm’s revenue was up 25.9% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.67 EPS. As a group, equities research analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Monday, December 8th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Monday, December 8th. This represents a $3.96 dividend on an annualized basis and a yield of 1.2%. Analog Devices’s payout ratio is 86.84%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Morgan Stanley reissued an “overweight” rating and issued a $314.00 price target on shares of Analog Devices in a research note on Friday, January 16th. Weiss Ratings downgraded shares of Analog Devices from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Tuesday, January 20th. Zacks Research upgraded shares of Analog Devices from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. Truist Financial upped their price objective on shares of Analog Devices from $258.00 to $291.00 and gave the stock a “hold” rating in a report on Friday, December 19th. Finally, KeyCorp increased their target price on shares of Analog Devices from $330.00 to $375.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Three research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $312.04.

Insider Activity

In other Analog Devices news, SVP Martin Cotter sold 10,000 shares of the stock in a transaction on Monday, January 5th. The shares were sold at an average price of $278.44, for a total value of $2,784,400.00. Following the completion of the sale, the senior vice president directly owned 49,664 shares of the company’s stock, valued at $13,828,444.16. This represents a 16.76% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CAO Michael Sondel sold 8,169 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $278.03, for a total transaction of $2,271,227.07. Following the transaction, the chief accounting officer owned 18,913 shares in the company, valued at approximately $5,258,381.39. The trade was a 30.16% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders sold 40,419 shares of company stock worth $11,259,655. Corporate insiders own 0.33% of the company’s stock.

About Analog Devices

Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.