Buckley Wealth Management LLC, a prominent institutional investor, has recently obtained a new stake in Analog Devices, Inc. (NASDAQ: ADI). According to the company’s 13F filing with the Securities and Exchange Commission (SEC), Buckley Wealth Management LLC acquired 1,245 shares of Analog Devices’ stock during the second quarter of this year. The acquisition is estimated to be approximately valued at $243,000.
Analog Devices, a leading semiconductor company, has been gaining attention from investors for its growth potential and strong position in the market. The recent stake acquisition by Buckley Wealth Management LLC demonstrates their confidence in the company’s future prospects.
In addition to this stake acquisition, Analog Devices also made an important announcement regarding its dividend policy. The company declared a quarterly dividend that was paid on September 14th. Shareholders of record as of September 5th were eligible for a dividend payment of $0.86 per share. Notably, the ex-dividend date was observed on September 1st.
With an annualized dividend of $3.44 per share and a dividend yield of 1.91%, Analog Devices seems committed to rewarding its shareholders by offering regular dividends. Moreover, this demonstrates the company’s financial stability and ability to generate consistent cash flows.
Analog Devices’ current dividend payout ratio stands at 46.74%, indicating that it utilizes almost half of its earnings each year to distribute dividends to shareholders. While this may appear high compared to some companies in other industries, it is not uncommon for established tech companies like Analog Devices.
Investors who are interested in exploring further details about Analog Devices can refer to our latest research report dedicated exclusively to the company’s performance and outlook. This report offers valuable insights into Analog Devices’ financials, market position, competitive landscape, and growth strategies.
As of now, Buckley Wealth Management LLC’s stake acquisition in Analog Devices hints towards their confidence in the company’s long-term growth potential. This new development adds to Analog Devices’ positive momentum and further solidifies its standing in the industry.
Analysts and industry experts are keenly monitoring analog Devices, Inc., as it continues to make strides in the semiconductor market. Investors, both existing and potential, should keep a close eye on this promising company as it navigates future challenges and capitalizes on emerging opportunities.
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Potential Market Shifts: Institutional Investors and Research Firms Adjust Stakes in Analog Devices (ADI)
Institutional investors and hedge funds have been making adjustments to their stakes in Analog Devices (ADI) over the past few months, signaling potential shifts in the market for the semiconductor company. Richard W. Paul & Associates LLC raised its holdings in ADI by 2.6% during the first quarter, acquiring an additional 54 shares worth $425,000. Heron Financial Group LLC also increased its stake by 1.2% in the fourth quarter, adding 55 shares valued at $721,000. Curi Wealth Management LLC followed suit by boosting its position by 4.2%, acquiring an extra 57 shares totaling $278,000.
U.S. Capital Wealth Advisors LLC joined in with a 3.4% increase during the first quarter, purchasing an additional 58 shares valued at $352,000. Lastly, Athena Investment Management expanded its stake by 2.9% during the fourth quarter through the acquisition of 60 more shares amounting to $350,000.
These moves come as institutional investors and hedge funds now hold a significant portion of ADI’s stock at around 85.55%. Such changes in ownership can often indicate investor sentiment and future market trends.
Several research firms have released reports on ADI as well. Wells Fargo & Company downgraded their target price for ADI from $185 to $175 while issuing an “equal weight” rating on the stock on August 24th.
Wolfe Research also provided coverage on Analog Devices with a “market perform” rating on July 19th. Additionally, Truist Financial revised its target price from $251 to $213 on May 25th.
Morgan Stanley lowered its price target to $185 from $195 while maintaining an “equal weight” rating on August 24th. Similarly, Citigroup reduced ADI’s price target from $225 to $200 on May 25th.
Overall, eight investment analysts have given ADI a hold rating, while sixteen have assigned a buy rating. The stock has an average rating of “Moderate Buy” with an average target price of $203.79.
On Tuesday, September 19th, shares of Analog Devices opened at $179.72 on the NASDAQ market. The company’s stock has a fifty-day moving average price of $185.76 and a two-hundred-day moving average price also at $185.76.
The market capitalization for Analog Devices is currently estimated at $89.56 billion with a PE ratio of 24.42 and a P/E/G ratio of 1.84. Its beta stands at 1.17, indicating that the stock may be more volatile compared to the overall market.
ADI has maintained a debt-to-equity ratio of 0.18 and exhibits healthy liquidity ratios with a current ratio of 1.71 and quick ratio of 1.10.
On August 23rd, Analog Devices reported its quarterly earnings results, revealing an EPS (earnings per share) figure of $2.49 for the period. This result fell short of analysts’ consensus estimates by ($0.03). The company’s revenue for the quarter was $3.08 billion, slightly lower than analyst estimates which projected it to be $3.10 billion.
Despite missing earnings expectations in this quarter, Analog Devices still maintains strong financials with a net margin of 29.23% and a return on equity of 15.20%. However, it is notable that revenue decreased by approximately 1% compared to the same period last year when the company earned $2.52 EPS.
Looking ahead, equities analysts forecast that Analog Devices will achieve an earnings per share figure of around $10.12 for the current fiscal year.
These recent developments highlight the adjustments made by institutional investors and hedge funds in their positions in Analog Devices, reflecting potential shifts in market sentiment. The ratings and target price changes from respected research firms further provide insight into the current outlook for ADI. Investors should closely monitor these developments to gain a better understanding of the company’s future direction.
