UNIVEST FINANCIAL Corp Reduces Position in Analog Devices, Inc. (NASDAQ:ADI)

UNIVEST FINANCIAL Corp trimmed its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 3.9% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 1,376 shares of the semiconductor company’s stock after selling 56 shares during the period. UNIVEST FINANCIAL Corp’s holdings in Analog Devices were worth $273,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ADI. Private Advisor Group LLC boosted its position in shares of Analog Devices by 13.1% during the 4th quarter. Private Advisor Group LLC now owns 21,676 shares of the semiconductor company’s stock valued at $4,304,000 after acquiring an additional 2,519 shares during the last quarter. Spire Wealth Management lifted its holdings in Analog Devices by 16.9% in the fourth quarter. Spire Wealth Management now owns 28,576 shares of the semiconductor company’s stock valued at $5,566,000 after acquiring an additional 4,126 shares during the last quarter. TCI Wealth Advisors Inc. purchased a new position in Analog Devices in the fourth quarter worth approximately $203,000. Clearstead Trust LLC raised its position in Analog Devices by 814.8% in the fourth quarter. Clearstead Trust LLC now owns 2,287 shares of the semiconductor company’s stock valued at $454,000 after purchasing an additional 2,037 shares during the period. Finally, NTV Asset Management LLC raised its position in Analog Devices by 5.0% in the fourth quarter. NTV Asset Management LLC now owns 1,669 shares of the semiconductor company’s stock valued at $331,000 after purchasing an additional 80 shares during the period. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages recently issued reports on ADI. Oppenheimer reissued an “outperform” rating and set a $215.00 price objective on shares of Analog Devices in a research report on Thursday, February 22nd. Truist Financial reduced their price target on shares of Analog Devices from $226.00 to $222.00 and set a “buy” rating on the stock in a research note on Thursday, February 22nd. Barclays increased their price objective on shares of Analog Devices from $180.00 to $185.00 and gave the stock an “equal weight” rating in a research report on Tuesday, January 16th. Morgan Stanley restated an “overweight” rating and set a $212.00 price target on shares of Analog Devices in a research note on Thursday, April 11th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $205.00 price objective on shares of Analog Devices in a research note on Monday, March 4th. 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 data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $208.17.

Insider Transactions at Analog Devices

In related news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $197.06, for a total value of $1,970,600.00. Following the completion of the sale, the chief executive officer now owns 51,039 shares in the company, valued at approximately $10,057,745.34. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, EVP Vivek Jain sold 3,479 shares of Analog Devices stock in a transaction 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 transaction, the executive vice president now directly owns 5,745 shares in the company, valued at approximately $1,134,982.20. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $197.06, for a total transaction of $1,970,600.00. Following the completion of the transaction, the chief executive officer now directly owns 51,039 shares in the company, valued at $10,057,745.34. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 24,707 shares of company stock worth $4,874,613. Insiders own 0.31% of the company’s stock.

Analog Devices Stock Up 0.1 %

NASDAQ:ADI traded up $0.25 during midday trading on Tuesday, hitting $203.57. 3,264,374 shares of the company were exchanged, compared to its average volume of 3,340,542. Analog Devices, Inc. has a fifty-two week low of $154.99 and a fifty-two week high of $205.77. The company has a market capitalization of $100.95 billion, a PE ratio of 36.62, a price-to-earnings-growth ratio of 5.01 and a beta of 1.14. The company has a current ratio of 1.51, a quick ratio of 0.98 and a debt-to-equity ratio of 0.17. The company has a fifty day simple moving average of $194.56 and a 200 day simple moving average of $188.62.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.02. The business 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%. The business’s revenue was down 22.7% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $2.75 earnings per share. As a group, equities analysts anticipate that Analog Devices, Inc. will post 5.86 earnings per share for the current fiscal year.

Analog Devices Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th were issued a $0.92 dividend. 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 1.81%. The ex-dividend date was Monday, March 4th. Analog Devices’s dividend payout ratio is presently 65.83%.

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.