Verdence Capital Advisors LLC Sells 89 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Verdence Capital Advisors LLC lessened its position in Analog Devices, Inc. (NASDAQ:ADI) by 1.6% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 5,550 shares of the semiconductor company’s stock after selling 89 shares during the quarter. Verdence Capital Advisors LLC’s holdings in Analog Devices were worth $1,102,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Markel Corp lifted its holdings in Analog Devices by 1.4% during the 1st quarter. Markel Corp now owns 1,077,821 shares of the semiconductor company’s stock valued at $178,034,000 after buying an additional 15,150 shares in the last quarter. Fairfield Bush & CO. bought a new stake in Analog Devices during the 1st quarter valued at about $82,000. United Bank lifted its holdings in Analog Devices by 24.7% during the 1st quarter. United Bank now owns 6,647 shares of the semiconductor company’s stock valued at $1,098,000 after buying an additional 1,315 shares in the last quarter. U.S. Capital Wealth Advisors LLC lifted its holdings in Analog Devices by 34.7% during 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 buying an additional 412 shares in the last quarter. Finally, Canada Pension Plan Investment Board lifted its holdings in Analog Devices by 14.5% during 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 buying an additional 14,718 shares in the last quarter. Institutional investors own 86.81% of the company’s stock.

Analyst Upgrades and Downgrades

ADI has been the subject of a number of research analyst reports. Cantor Fitzgerald reiterated a “neutral” rating and set a $205.00 price objective on shares of Analog Devices in a report on Monday, March 4th. Sanford C. Bernstein downgraded shares of 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. Morgan Stanley reissued an “overweight” rating and set a $212.00 target price on shares of Analog Devices in a research report on Thursday, April 11th. Oppenheimer reissued an “outperform” rating and set a $215.00 target price on shares of Analog Devices in a research report on Thursday, February 22nd. Finally, The Goldman Sachs Group raised their target price on shares of Analog Devices from $191.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $208.17.

Analog Devices Stock Down 2.2 %

NASDAQ:ADI opened at $183.36 on Monday. The company has a market cap of $90.93 billion, a PE ratio of 32.80, a P/E/G ratio of 4.60 and a beta of 1.17. Analog Devices, Inc. has a twelve month low of $154.99 and a twelve month 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. The company’s 50 day moving average is $192.82 and its two-hundred day moving average is $186.72.

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

Analog Devices Increases Dividend

The firm also recently disclosed 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 2.01%. This is a boost from Analog Devices’s previous quarterly dividend of $0.86. The ex-dividend date was Monday, March 4th. Analog Devices’s payout ratio is presently 65.83%.

Insider Buying and Selling at Analog Devices

In related news, Director James Champy sold 1,228 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $197.64, for a total value of $242,701.92. Following the completion of 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 document filed with the SEC, which is accessible through the SEC website. In related news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction on Thursday, February 1st. The shares were 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 directly owns 5,713 shares in the company, valued at approximately $1,097,524.43. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director James Champy sold 1,228 shares of the business’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 of the company’s stock, valued at approximately $1,259,164.44. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,707 shares of company stock worth $4,825,113. Company insiders own 0.31% of the company’s stock.

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.