First American Trust FSB Buys New Holdings in Analog Devices, Inc. (NASDAQ:ADI)

First American Trust FSB acquired a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 2,230 shares of the semiconductor company’s stock, valued at approximately $443,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Markel Corp increased its holdings in shares of Analog Devices by 1.4% in the 1st quarter. Markel Corp now owns 1,077,821 shares of the semiconductor company’s stock valued at $178,034,000 after acquiring an additional 15,150 shares during the period. Fairfield Bush & CO. acquired a new position in shares of Analog Devices in the 1st quarter valued at $82,000. United Bank increased its holdings in shares of Analog Devices by 24.7% in the 1st quarter. United Bank now owns 6,647 shares of the semiconductor company’s stock valued at $1,098,000 after acquiring an additional 1,315 shares during the period. U.S. Capital Wealth Advisors LLC increased its holdings in shares of Analog Devices by 34.7% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 1,599 shares of the semiconductor company’s stock valued at $264,000 after acquiring an additional 412 shares during the period. Finally, Canada Pension Plan Investment Board increased its holdings in shares of Analog Devices by 14.5% in the 1st quarter. Canada Pension Plan Investment Board now owns 116,085 shares of the semiconductor company’s stock valued at $19,175,000 after acquiring an additional 14,718 shares during the period. Institutional investors and hedge funds own 86.81% of the company’s stock.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, Director James Champy sold 1,228 shares of Analog Devices stock in a transaction dated 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 is available at this hyperlink. In other news, Director James Champy sold 1,228 shares of Analog Devices stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $197.64, for a total transaction of $242,701.92. Following the completion of the sale, the director now directly owns 6,371 shares in the company, valued at approximately $1,259,164.44. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $197.40, for a total value of $1,974,000.00. Following the sale, the chief executive officer now owns 51,039 shares of the company’s stock, valued at $10,075,098.60. The disclosure for this sale can be found here. Insiders have sold a total of 24,707 shares of company stock valued at $4,825,113 in the last 90 days. 0.31% of the stock is currently owned by corporate insiders.

Analog Devices Price Performance

NASDAQ:ADI traded up $1.50 during mid-day trading on Tuesday, reaching $191.79. 442,278 shares of the stock were exchanged, compared to its average volume of 3,325,202. The business has a fifty day moving average price of $193.20 and a 200 day moving average price of $186.33. The firm has a market capitalization of $95.11 billion, a PE ratio of 34.04, a PEG ratio of 4.82 and a beta of 1.17. Analog Devices, Inc. has a 1-year low of $154.99 and a 1-year high of $204.20. The company has a current ratio of 1.51, a quick ratio of 0.98 and a debt-to-equity ratio of 0.17.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.02. The firm had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Analog Devices had a return on equity of 12.76% and a net margin of 24.34%. Analog Devices’s revenue was down 22.7% on a year-over-year basis. During the same quarter last year, the business posted $2.75 EPS. Research analysts expect that Analog Devices, Inc. will post 5.86 earnings per share for the current fiscal year.

Analog Devices Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, March 5th were paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.92%. The ex-dividend date of this dividend was Monday, March 4th. This is a boost from Analog Devices’s previous quarterly dividend of $0.86. Analog Devices’s payout ratio is 65.83%.

Analyst Ratings Changes

A number of equities analysts recently weighed in on ADI shares. Evercore ISI assumed coverage on shares of Analog Devices in a research report on Tuesday. They issued an “outperform” rating and a $254.00 price objective on the stock. Oppenheimer restated an “outperform” rating and issued a $215.00 target price on shares of Analog Devices in a report on Thursday, February 22nd. Truist Financial cut their price target on shares of Analog Devices from $226.00 to $222.00 and set a “buy” rating on the stock in a report on Thursday, February 22nd. Sanford C. Bernstein lowered shares of Analog Devices from an “outperform” rating to a “market perform” rating and set a $200.00 price target on the stock. in a report on Thursday, January 4th. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $205.00 price target on shares of Analog Devices in a report on Monday, March 4th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $208.17.

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.