Heritage Family Offices LLP Has $2.06 Million Stock Position in Analog Devices, Inc. (NASDAQ:ADI)

Heritage Family Offices LLP lifted its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 8.6% during the 4th quarter, according to its most recent disclosure with the SEC. The institutional investor owned 9,686 shares of the semiconductor company’s stock after acquiring an additional 770 shares during the period. Analog Devices makes up approximately 1.0% of Heritage Family Offices LLP’s investment portfolio, making the stock its 23rd largest position. Heritage Family Offices LLP’s holdings in Analog Devices were worth $2,058,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of ADI. Capital Performance Advisors LLP bought a new stake in shares of Analog Devices in the third quarter valued at approximately $28,000. Archer Investment Corp raised its holdings in Analog Devices by 101.4% in the 3rd quarter. Archer Investment Corp now owns 145 shares of the semiconductor company’s stock valued at $33,000 after acquiring an additional 73 shares in the last quarter. Peterson Financial Group Inc. bought a new stake in shares of Analog Devices during the 3rd quarter valued at $43,000. Reston Wealth Management LLC acquired a new stake in shares of Analog Devices during the 3rd quarter worth $48,000. Finally, Northwest Investment Counselors LLC bought a new position in shares of Analog Devices in the third quarter worth $80,000. 86.81% of the stock is owned by institutional investors.

Insider Activity

In related news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $215.83, for a total value of $2,158,300.00. Following the transaction, the chief executive officer now owns 21,983 shares in the company, valued at $4,744,590.89. The trade was a 31.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Gregory M. Bryant sold 20,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $223.87, for a total transaction of $4,477,400.00. Following the sale, the executive vice president now directly owns 59,093 shares in the company, valued at $13,229,149.91. This trade represents a 25.29 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,000 shares of company stock valued at $11,029,300. Company insiders own 0.31% of the company’s stock.

Analog Devices Stock Up 1.7 %

Shares of NASDAQ ADI opened at $218.22 on Thursday. 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 current ratio of 1.84 and a quick ratio of 1.35. The firm has a market cap of $108.30 billion, a PE ratio of 66.33, a price-to-earnings-growth ratio of 2.47 and a beta of 1.05. The company has a 50 day simple moving average of $216.19 and a 200 day simple moving average of $222.69.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results 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. Analog Devices had a net margin of 17.35% and a return on equity of 9.01%. The firm had revenue of $2.44 billion during the quarter, compared to the consensus estimate of $2.41 billion. During the same quarter last year, the firm earned $2.01 earnings per share. The company’s revenue for the quarter was down 10.1% on a year-over-year basis. On average, research analysts forecast that Analog Devices, Inc. will post 7.15 EPS for the current year.

Analog Devices Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Monday, December 9th were given a $0.92 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.69%. Analog Devices’s dividend payout ratio (DPR) is presently 111.85%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ADI. Wells Fargo & Company initiated coverage on shares of Analog Devices in a research report on Friday, November 22nd. They set an “equal weight” rating and a $220.00 price objective for the company. Needham & Company LLC reaffirmed a “hold” rating on shares of Analog Devices in a report on Wednesday, November 27th. TD Cowen decreased their price objective on shares of Analog Devices from $270.00 to $260.00 and set a “buy” rating on the stock in a research note on Wednesday, November 27th. Piper Sandler cut their target price 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. Finally, Truist Financial lifted their price target on Analog Devices from $216.00 to $230.00 and gave the company a “hold” rating in a research note on Friday, January 10th. Seven investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $249.48.

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.