Little House Capital LLC Grows Position in Analog Devices, Inc. (NASDAQ:ADI)

Little House Capital LLC boosted its position in Analog Devices, Inc. (NASDAQ:ADI) by 3.5% during the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 7,424 shares of the semiconductor company’s stock after purchasing an additional 252 shares during the period. Little House Capital LLC’s holdings in Analog Devices were worth $1,474,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ADI. Patriot Financial Group Insurance Agency LLC boosted its position in Analog Devices by 37.2% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 2,635 shares of the semiconductor company’s stock worth $461,000 after purchasing an additional 715 shares during the last quarter. Ropes Wealth Advisors LLC raised its stake in shares of Analog Devices by 16.1% in the third quarter. Ropes Wealth Advisors LLC now owns 2,480 shares of the semiconductor company’s stock worth $434,000 after buying an additional 343 shares during the period. U.S. Capital Wealth Advisors LLC raised its stake in shares of Analog Devices by 3.1% in the third quarter. U.S. Capital Wealth Advisors LLC now owns 2,083 shares of the semiconductor company’s stock worth $365,000 after buying an additional 62 shares during the period. Valeo Financial Advisors LLC raised its stake in shares of Analog Devices by 27.5% in the third quarter. Valeo Financial Advisors LLC now owns 4,124 shares of the semiconductor company’s stock worth $722,000 after buying an additional 890 shares during the period. Finally, Golden State Equity Partners raised its stake in shares of Analog Devices by 10.5% in the third quarter. Golden State Equity Partners now owns 1,971 shares of the semiconductor company’s stock worth $345,000 after buying an additional 188 shares during the period. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

ADI has been the topic of several recent research reports. Truist Financial decreased their price objective 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. 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. Wolfe Research raised Analog Devices from a “peer perform” rating to an “outperform” rating and set a $225.00 price objective on the stock in a research note on Thursday, January 18th. Evercore ISI initiated coverage on Analog Devices in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $254.00 price objective on the stock. Finally, The Goldman Sachs Group lifted their target price on Analog Devices from $191.00 to $205.00 and gave the stock a “buy” rating in a report on Thursday, February 22nd. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $208.17.

Analog Devices Stock Up 2.0 %

NASDAQ ADI traded up $4.03 on Friday, reaching $201.97. 3,136,261 shares of the stock traded hands, compared to its average volume of 3,090,032. 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 company has a fifty day moving average price of $193.45 and a 200-day moving average price of $187.36. The company has a market cap of $100.16 billion, a price-to-earnings ratio of 36.13, a PEG ratio of 5.07 and a beta of 1.17. Analog Devices, Inc. has a 12 month low of $154.99 and a 12 month high of $204.20.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.71 by $0.02. The firm had revenue of $2.51 billion during 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%. The business’s revenue for the quarter was down 22.7% compared to the same quarter last year. During the same period in the previous year, the company posted $2.75 EPS. As a group, research analysts forecast that Analog Devices, Inc. will post 5.86 EPS for the current fiscal year.

Analog Devices Increases Dividend

The firm also recently announced 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 a positive change from Analog Devices’s previous quarterly dividend of $0.86. This represents a $3.68 annualized dividend and a yield of 1.82%. The ex-dividend date was Monday, March 4th. Analog Devices’s dividend payout ratio is currently 65.83%.

Insider Activity at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $192.11, for a total transaction of $1,921,100.00. Following the sale, the chief executive officer now 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 can be accessed through the SEC website. In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $192.11, for a total transaction of $1,921,100.00. Following the sale, the chief executive officer now 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 can be accessed through the SEC website. Also, Director James Champy sold 1,228 shares of the business’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $197.64, for a total value of $242,701.92. Following the sale, the director now owns 6,371 shares in the company, valued at approximately $1,259,164.44. The disclosure for this sale can be found here. Insiders have sold 24,707 shares of company stock valued at $4,825,113 in the last ninety days. Corporate 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.