Central Pacific Bank Trust Division Has $286,000 Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Central Pacific Bank Trust Division boosted its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 5.9% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,346 shares of the semiconductor company’s stock after purchasing an additional 75 shares during the quarter. Central Pacific Bank Trust Division’s holdings in Analog Devices were worth $286,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ADI. Capital Performance Advisors LLP acquired a new position in Analog Devices in the third quarter valued at about $28,000. Archer Investment Corp raised its position in shares of Analog Devices by 101.4% in the 3rd quarter. Archer Investment Corp now owns 145 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 73 shares in the last quarter. Trifecta Capital Advisors LLC lifted its holdings in shares of Analog Devices by 544.8% during the 2nd quarter. Trifecta Capital Advisors LLC now owns 187 shares of the semiconductor company’s stock worth $43,000 after acquiring an additional 158 shares during the period. Peterson Financial Group Inc. acquired a new stake in shares of Analog Devices during the 3rd quarter worth approximately $43,000. Finally, Reston Wealth Management LLC bought a new position in Analog Devices in the third quarter valued at approximately $48,000. Institutional investors own 86.81% of the company’s stock.

Analog Devices Price Performance

ADI stock opened at $215.37 on Friday. Analog Devices, Inc. has a 1 year low of $181.80 and a 1 year high of $244.14. The stock has a market capitalization of $106.89 billion, a PE ratio of 65.46, a price-to-earnings-growth ratio of 2.47 and a beta of 1.05. The company’s 50-day moving average is $217.62 and its 200-day moving average is $223.47. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.84 and a quick ratio of 1.35.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Tuesday, November 26th. The semiconductor company reported $1.67 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.03. Analog Devices had a return on equity of 9.01% and a net margin of 17.35%. The firm had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same quarter last year, the firm posted $2.01 earnings per share. The company’s revenue for the quarter was down 10.1% compared to the same quarter last year. Equities research analysts expect that Analog Devices, Inc. will post 7.15 EPS for the current fiscal year.

Analog Devices Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Monday, December 9th were issued a dividend of $0.92 per share. The ex-dividend date was Monday, December 9th. This represents a $3.68 annualized dividend and a yield of 1.71%. Analog Devices’s payout ratio is 111.85%.

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ADI. Morgan Stanley dropped their price objective on Analog Devices from $252.00 to $248.00 and set an “overweight” rating for the company in a research report on Wednesday, November 27th. Truist Financial reduced their price target on shares of Analog Devices from $233.00 to $227.00 and set a “hold” rating on the stock in a research note on Wednesday, November 27th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $250.00 price target on shares of Analog Devices in a report on Tuesday, October 8th. Wells Fargo & Company assumed coverage on shares of Analog Devices in a research note on Friday, November 22nd. They issued an “equal weight” rating and a $220.00 price objective for the company. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Analog Devices in a research note on Wednesday, November 27th. Seven equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $249.33.

Insider Buying and Selling at Analog Devices

In related news, EVP Gregory M. Bryant sold 20,000 shares of Analog Devices stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $223.87, for a total transaction of $4,477,400.00. Following the transaction, the executive vice president now owns 59,093 shares of the company’s stock, valued at $13,229,149.91. The trade was a 25.29 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Wednesday, December 11th. The shares were sold at an average price of $215.83, for a total value of $2,158,300.00. Following the completion of the sale, the chief executive officer now directly owns 21,983 shares of the company’s stock, valued at $4,744,590.89. The trade was a 31.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 50,000 shares of company stock valued at $11,029,300. 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.