Analog Devices, Inc. (NASDAQ:ADI) Shares Sold by West Oak Capital LLC

West Oak Capital LLC reduced its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 1.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 12,519 shares of the semiconductor company’s stock after selling 185 shares during the quarter. Analog Devices accounts for approximately 1.1% of West Oak Capital LLC’s portfolio, making the stock its 26th largest holding. West Oak Capital LLC’s holdings in Analog Devices were worth $2,358,000 at the end of the most recent reporting period.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Ancora Advisors LLC boosted its stake in shares of Analog Devices by 2.1% during the 3rd quarter. Ancora Advisors LLC now owns 2,744 shares of the semiconductor company’s stock worth $480,000 after purchasing an additional 57 shares during the last quarter. Legacy Advisors LLC boosted its position in Analog Devices by 2.3% during the third quarter. Legacy Advisors LLC now owns 2,657 shares of the semiconductor company’s stock worth $465,000 after acquiring an additional 59 shares during the last quarter. MRA Advisory Group grew its stake in Analog Devices by 2.5% in the 3rd quarter. MRA Advisory Group now owns 2,534 shares of the semiconductor company’s stock worth $444,000 after acquiring an additional 61 shares during the period. U.S. Capital Wealth Advisors LLC raised its holdings in Analog Devices by 3.1% in the 3rd quarter. U.S. Capital Wealth Advisors LLC now owns 2,083 shares of the semiconductor company’s stock valued at $365,000 after acquiring an additional 62 shares during the last quarter. Finally, Sage Mountain Advisors LLC lifted its stake in shares of Analog Devices by 5.4% during the 3rd quarter. Sage Mountain Advisors LLC now owns 1,227 shares of the semiconductor company’s stock worth $215,000 after purchasing an additional 63 shares during the period. 86.81% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Analog Devices news, Director James Champy sold 1,228 shares of the company’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $197.64, for a total transaction of $242,701.92. Following the transaction, the director now owns 6,371 shares of the company’s stock, valued at approximately $1,259,164.44. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other news, Director James Champy sold 1,228 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $197.64, for a total value of $242,701.92. Following the transaction, the director now directly owns 6,371 shares in the company, valued at approximately $1,259,164.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, January 2nd. The stock was sold at an average price of $197.07, for a total value of $1,970,700.00. Following the transaction, the chief executive officer now owns 5,713 shares in the company, valued at approximately $1,125,860.91. The disclosure for this sale can be found here. Insiders have sold a total of 21,228 shares of company stock valued at $4,134,502 in the last 90 days. 0.31% of the stock is currently owned by insiders.

Analyst Ratings Changes

ADI has been the topic of several recent analyst reports. Oppenheimer reiterated an “outperform” rating and set a $215.00 target price on shares of Analog Devices in a research report on Thursday, February 22nd. Truist Financial decreased their target price on shares of Analog Devices from $226.00 to $222.00 and set a “buy” rating on the stock in a research report on Thursday, February 22nd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $205.00 price target on shares of Analog Devices in a research report on Monday, March 4th. The Goldman Sachs Group increased their price target on shares of Analog Devices from $191.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Finally, Sanford C. Bernstein cut shares of Analog Devices from an “outperform” rating to a “market perform” rating and set a $200.00 price objective for the company. in a research note on Thursday, January 4th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $206.26.

Analog Devices Price Performance

Shares of Analog Devices stock traded up $4.60 during trading on Thursday, hitting $197.93. 769,994 shares of the company’s stock traded hands, compared to its average volume of 3,402,105. Analog Devices, Inc. has a twelve month low of $154.99 and a twelve month high of $202.77. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.51 and a quick ratio of 0.98. The company has a market cap of $98.16 billion, a PE ratio of 34.58, a PEG ratio of 4.74 and a beta of 1.17. The firm’s fifty day moving average price is $192.77 and its 200 day moving average price is $184.40.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, February 21st. The semiconductor company reported $1.73 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.71 by $0.02. The firm had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.50 billion. Analog Devices had a return on equity of 12.76% and a net margin of 24.34%. The business’s revenue for the quarter was down 22.7% compared to the same quarter last year. During the same period in the prior year, the company posted $2.75 earnings per share. Analysts forecast that Analog Devices, Inc. will post 5.86 earnings per share for the current year.

Analog Devices Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, March 5th were given a dividend of $0.92 per share. This is an increase from Analog Devices’s previous quarterly dividend of $0.86. The ex-dividend date was Monday, March 4th. This represents a $3.68 annualized dividend and a yield of 1.86%. Analog Devices’s dividend payout ratio is 65.83%.

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.