Sage Mountain Advisors LLC Sells 102 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Sage Mountain Advisors LLC decreased its position in Analog Devices, Inc. (NASDAQ:ADI) by 8.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 1,125 shares of the semiconductor company’s stock after selling 102 shares during the period. Sage Mountain Advisors LLC’s holdings in Analog Devices were worth $223,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Pinnacle Bancorp Inc. raised its stake in shares of Analog Devices by 101.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 65 shares in the last quarter. Silver Oak Securities Incorporated bought a new stake in shares of Analog Devices during the 3rd quarter worth approximately $29,000. Cetera Trust Company N.A bought a new stake in shares of Analog Devices during the 4th quarter worth approximately $29,000. Northwest Capital Management Inc raised its stake in shares of Analog Devices by 519.2% during the 4th quarter. Northwest Capital Management Inc now owns 161 shares of the semiconductor company’s stock worth $32,000 after purchasing an additional 135 shares in the last quarter. Finally, CGC Financial Services LLC bought a new stake in shares of Analog Devices during the 4th quarter worth approximately $37,000. Institutional investors own 86.81% of the company’s stock.

Analog Devices Stock Performance

ADI opened at $186.70 on Tuesday. The firm has a market cap of $92.59 billion, a P/E ratio of 33.33, a price-to-earnings-growth ratio of 4.60 and a beta of 1.17. Analog Devices, Inc. has a 52-week low of $154.99 and a 52-week high of $204.20. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.98 and a current ratio of 1.51. The business’s fifty day moving average is $192.66 and its 200-day moving average is $186.82.

Analog Devices (NASDAQ:ADI) last released its earnings results 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 company had revenue of $2.51 billion for 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%. Analog Devices’s quarterly revenue was down 22.7% on a year-over-year basis. During the same period in the prior year, the firm posted $2.75 EPS. Sell-side analysts expect that Analog Devices, Inc. will post 5.86 EPS for the current fiscal year.

Analog Devices Increases Dividend

The firm also recently disclosed 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. This represents a $3.68 annualized dividend and a dividend yield of 1.97%. The ex-dividend date of this dividend was Monday, March 4th. Analog Devices’s dividend payout ratio is currently 65.83%.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on the company. KeyCorp upped their price objective on Analog Devices from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. Truist Financial dropped their price target on Analog Devices from $226.00 to $222.00 and set a “buy” rating on the stock in a research note on Thursday, February 22nd. Oppenheimer restated an “outperform” rating and issued a $215.00 price target on shares of Analog Devices in a research note on Thursday, February 22nd. Wolfe Research upgraded Analog Devices from a “peer perform” rating to an “outperform” rating and set a $225.00 price target on the stock in a research note on Thursday, January 18th. Finally, The Goldman Sachs Group increased their price target on Analog Devices from $191.00 to $205.00 and gave the company a “buy” rating in a research note on Thursday, February 22nd. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $208.17.

Insider Buying and Selling

In related 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 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 is available through this link. In related 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 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 is available through this link. Also, EVP Vivek Jain sold 3,479 shares of the stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $197.56, for a total value of $687,311.24. Following the completion of the transaction, the executive vice president now owns 5,745 shares of the company’s stock, valued at $1,134,982.20. The disclosure for this sale can be found here. Insiders sold a total of 24,707 shares of company stock worth $4,825,113 in the last ninety days. 0.31% of the stock is owned by 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.