PFW Advisors LLC Acquires Shares in Analog Devices, Inc.

PFW Advisors LLC has recently acquired a new stake in Analog Devices, Inc. (NASDAQ:ADI) during the fourth quarter, as disclosed in their latest filing with the Securities and Exchange Commission (SEC). The investment firm bought 5,612 shares in the semiconductor company, which were valued at approximately $1,192,000.

Additional Institutional Investments

Other institutional investors have also engaged in buying and selling shares of Analog Devices. For instance, Capital Performance Advisors LLP purchased a new stake during the third quarter worth around $28,000. Archer Investment Corp increased its holdings in Analog Devices by 101.4% in the same period, raising its total to 145 shares valued at $33,000 after acquiring an additional 73 shares. Peterson Financial Group Inc. bought a new position worth $43,000, and Reston Wealth Management LLC made a new investment valued at $48,000 during the third quarter as well. Northwest Investment Counselors LLC also acquired shares worth $80,000. It's noteworthy that institutional investors and hedge funds together hold approximately 86.81% of the company's stock.

Stock Performance Summary

The stock of Analog Devices experienced a slight increase, rising by 0.3% during midday trading on a recent Monday to reach $212.95. During this trading session, a total volume of 3,959,369 shares changed hands, compared to the average volume of 3,109,718 shares. The company's 50-day moving average price stands at $216.48, while the 200-day moving average price is $222.88. Over the last year, Analog Devices stock has seen a low of $182.57 and a high of $244.14. Currently, the company boasts a market capitalization of $105.69 billion, a price-to-earnings ratio of 64.73, a PEG ratio of 2.47, and a beta value of 1.05. Furthermore, the company's liquidity ratios include a quick ratio of 1.35 and a current ratio of 1.84, alongside a debt-to-equity ratio of 0.19.

Financial Results and Dividends

Analog Devices recently reported its earnings for the last quarter on November 26. The semiconductor firm announced earnings per share (EPS) of $1.67, surpassing the analysts' expectations of $1.64 by three cents. The revenue for the quarter was recorded at $2.44 billion, exceeding the predictions of $2.41 billion made by analysts. However, the company experienced a 10.1% decline in revenue when compared to the same quarter in the previous year. The prior year's EPS stood at $2.01. Research analysts forecast that Analog Devices, Inc. will have an EPS of 7.15 for the current fiscal year.

Additionally, Analog Devices declared a quarterly dividend, which was distributed to shareholders on December 20. Stockholders of record as of December 9 received a dividend of $0.92 per share, indicating an annualized dividend of $3.68 and a dividend yield of 1.73%. The ex-dividend date was also set for December 9. Currently, the payout ratio for Analog Devices is 111.85%.

Analyst Ratings

Several analysts have recently offered their insights on Analog Devices stock. Truist Financial raised their target price from $216.00 to $230.00, maintaining a "hold" rating. TD Cowen lowered their target price from $270.00 to $260.00, also giving the stock a "buy" rating. Needham & Company reaffirmed a "hold" rating, while Morgan Stanley reduced their price target from $252.00 to $248.00 with an "overweight" stance. Wells Fargo & Company initiated coverage with an "equal weight" rating and set a price objective of $220.00. Among research analysts, seven have rated the stock as a hold, and fifteen have issued buy ratings. According to consensus data, the stock holds a "Moderate Buy" rating with a consensus price target of $249.48.

Insider Transactions

In other news, CEO Vincent Roche sold 10,000 shares on January 2 at an average price of $215.49, totaling $2,154,900. This sale reduced his ownership stake, leaving him with 21,983 shares valued at approximately $4,737,116.67. Additionally, Executive Vice President Gregory M. Bryant sold 20,000 shares on November 1 for an average price of $223.87, resulting in a total of $4,477,400 in proceeds. Following this transaction, Bryant holds 59,093 shares valued around $13,229,149.91. Over the previous quarter, insiders have sold a combined 50,000 shares worth $11,029,300. Insider ownership accounts for 0.31% of the company's total stock.Investment, Shares, Stock