Cassady Schiller Wealth Management LLC Acquires 55 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Cassady Schiller Wealth Management LLC grew its position in Analog Devices, Inc. (NASDAQ:ADI) by 63.2% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The firm owned 142 shares of the semiconductor company’s stock after purchasing an additional 55 shares during the period. Cassady Schiller Wealth Management LLC’s holdings in Analog Devices were worth $30,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Mainstream Capital Management LLC acquired a new stake in Analog Devices in the fourth quarter worth $30,000. Hopwood Financial Services Inc. acquired a new stake in Analog Devices in the 4th quarter valued at $30,000. Financial Life Planners acquired a new stake in Analog Devices in the 4th quarter valued at $33,000. Kestra Investment Management LLC acquired a new stake in Analog Devices in the 4th quarter valued at $41,000. Finally, Peterson Financial Group Inc. bought a new position in shares of Analog Devices in the 3rd quarter valued at about $43,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of research analysts have recently commented on the stock. Piper Sandler decreased their price objective on shares of Analog Devices from $235.00 to $220.00 and set a “neutral” rating for the company in a research report on Wednesday, November 27th. TD Cowen reduced their target price on shares of Analog Devices from $270.00 to $260.00 and set a “buy” rating for the company in a report on Wednesday, November 27th. Truist Financial lifted their target price on shares of Analog Devices from $230.00 to $248.00 and gave the stock a “hold” rating in a report on Thursday, February 20th. UBS Group lifted their target price on shares of Analog Devices from $275.00 to $300.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Finally, Maxim Group started coverage on shares of Analog Devices in a research note on Friday, February 14th. They issued a “buy” rating for the company. Six investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Analog Devices presently has a consensus rating of “Moderate Buy” and a consensus price target of $255.41.

Analog Devices Price Performance

Shares of NASDAQ:ADI opened at $208.75 on Monday. The company has a quick ratio of 1.43, a current ratio of 1.93 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $103.53 billion, a PE ratio of 66.48, a P/E/G ratio of 2.85 and a beta of 1.07. Analog Devices, Inc. has a twelve month low of $182.57 and a twelve month high of $247.10. The company has a 50-day moving average price of $218.09 and a two-hundred day moving average price of $220.53.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, February 19th. The semiconductor company reported $1.63 EPS for the quarter, beating 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 company had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period last year, the business earned $1.73 earnings per share. Analog Devices’s revenue was down 3.6% compared to the same quarter last year. Equities analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Tuesday, March 4th will be given a $0.99 dividend. This is a positive change from Analog Devices’s previous quarterly dividend of $0.92. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.90%. The ex-dividend date is Tuesday, March 4th. Analog Devices’s dividend payout ratio (DPR) is 126.11%.

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

Insider Activity

In other news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $209.12, for a total value of $2,091,200.00. Following the completion of the transaction, the chief executive officer now directly owns 64,918 shares in the company, valued at approximately $13,575,652.16. This trade represents a 13.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 0.33% of the stock is owned by company insiders.

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.