Silver Oak Securities Incorporated Increases Stock Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Silver Oak Securities Incorporated boosted its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 2,987.1% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,032 shares of the semiconductor company’s stock after acquiring an additional 4,869 shares during the quarter. Silver Oak Securities Incorporated’s holdings in Analog Devices were worth $999,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Amarillo National Bank raised its position in Analog Devices by 3.7% in the 4th quarter. Amarillo National Bank now owns 1,511 shares of the semiconductor company’s stock valued at $300,000 after purchasing an additional 54 shares in the last quarter. Keystone Financial Services raised its position in Analog Devices by 1.8% in the 4th quarter. Keystone Financial Services now owns 3,136 shares of the semiconductor company’s stock valued at $623,000 after purchasing an additional 55 shares in the last quarter. Ancora Advisors LLC raised its position in Analog Devices by 2.1% in the 3rd quarter. Ancora Advisors LLC now owns 2,744 shares of the semiconductor company’s stock valued at $480,000 after purchasing an additional 57 shares in the last quarter. Legacy Advisors LLC raised its position in Analog Devices by 2.3% in the 3rd quarter. Legacy Advisors LLC now owns 2,657 shares of the semiconductor company’s stock valued at $465,000 after purchasing an additional 59 shares in the last quarter. Finally, MRA Advisory Group raised its position in Analog Devices by 2.5% in the 3rd quarter. MRA Advisory Group now owns 2,534 shares of the semiconductor company’s stock valued at $444,000 after purchasing an additional 61 shares in the last quarter. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Analog Devices

In related news, EVP Vivek Jain sold 3,479 shares of Analog Devices stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $197.56, for a total value of $687,311.24. Following the sale, the executive vice president now directly owns 5,745 shares in the company, valued at $1,134,982.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $192.11, for a total value of $1,921,100.00. Following the completion of the transaction, the chief executive officer now owns 5,713 shares of the company’s stock, valued at $1,097,524.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Vivek Jain sold 3,479 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $197.56, for a total value of $687,311.24. Following the sale, the executive vice president now owns 5,745 shares in the company, valued at approximately $1,134,982.20. The disclosure for this sale can be found here. Insiders have sold a total of 24,707 shares of company stock worth $4,825,113 over the last three months. 0.31% of the stock is currently owned by corporate insiders.

Analog Devices Trading Down 0.2 %

Shares of ADI stock opened at $201.64 on Monday. The business’s 50 day moving average is $193.45 and its two-hundred day moving average is $187.44. Analog Devices, Inc. has a twelve month low of $154.99 and a twelve month high of $204.20. The company has a market capitalization of $100.00 billion, a P/E ratio of 36.13, a price-to-earnings-growth ratio of 5.07 and a beta of 1.17. 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 announced its earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.02. Analog Devices had a return on equity of 12.76% and a net margin of 24.34%. The company had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period last year, the business posted $2.75 EPS. The company’s revenue was down 22.7% on a year-over-year basis. Equities analysts forecast that Analog Devices, Inc. will post 5.86 EPS for the current year.

Analog Devices Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, March 5th were paid a $0.92 dividend. The ex-dividend date of this dividend was Monday, March 4th. This is an increase from Analog Devices’s previous quarterly dividend of $0.86. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.83%. Analog Devices’s payout ratio is 65.83%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently weighed in on the company. Truist Financial cut their target price on Analog Devices from $226.00 to $222.00 and set a “buy” rating on the stock in a research report on Thursday, February 22nd. Sanford C. Bernstein lowered Analog Devices from an “outperform” rating to a “market perform” rating and set a $200.00 target price on the stock. in a research report on Thursday, January 4th. Cantor Fitzgerald reissued a “neutral” rating and set a $205.00 target price on shares of Analog Devices in a research report on Monday, March 4th. Wolfe Research raised Analog Devices from a “peer perform” rating to an “outperform” rating and set a $225.00 target price on the stock in a research report on Thursday, January 18th. Finally, KeyCorp raised their target price on Analog Devices from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $208.17.

About Analog Devices

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.