BNP PARIBAS ASSET MANAGEMENT Holding S.A. Increases Holdings in Analog Devices, Inc. (NASDAQ:ADI)

BNP PARIBAS ASSET MANAGEMENT Holding S.A. grew its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 7.8% during the third quarter, according to the company in its most recent filing with the SEC. The fund owned 29,815 shares of the semiconductor company’s stock after acquiring an additional 2,165 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding S.A.’s holdings in Analog Devices were worth $6,862,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. King Luther Capital Management Corp grew its holdings in shares of Analog Devices by 3.6% during the third quarter. King Luther Capital Management Corp now owns 5,374 shares of the semiconductor company’s stock worth $1,237,000 after purchasing an additional 187 shares during the last quarter. Citizens Financial Group Inc. RI increased its position in Analog Devices by 48.2% during the third quarter. Citizens Financial Group Inc. RI now owns 2,609 shares of the semiconductor company’s stock worth $600,000 after buying an additional 848 shares during the period. Darwin Wealth Management LLC purchased a new stake in Analog Devices in the third quarter valued at approximately $3,447,000. Hilton Capital Management LLC acquired a new stake in shares of Analog Devices in the third quarter valued at approximately $4,899,000. Finally, West Family Investments Inc. boosted its holdings in shares of Analog Devices by 58.3% in the third quarter. West Family Investments Inc. now owns 1,757 shares of the semiconductor company’s stock valued at $404,000 after acquiring an additional 647 shares during the period. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on ADI. Needham & Company LLC reiterated a “hold” rating on shares of Analog Devices in a research report on Thursday, August 22nd. JPMorgan Chase & Co. increased their target price on shares of Analog Devices from $260.00 to $280.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Oppenheimer restated an “outperform” rating and issued a $245.00 price target on shares of Analog Devices in a research report on Thursday, August 22nd. Wells Fargo & Company assumed coverage on Analog Devices in a research report on Friday. They set an “equal weight” rating and a $220.00 price objective for the company. Finally, Truist Financial lowered Analog Devices from a “buy” rating to a “hold” rating and dropped their target price for the company from $266.00 to $233.00 in a report on Monday, September 23rd. Six equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat.com, Analog Devices presently has a consensus rating of “Moderate Buy” and a consensus price target of $252.05.

Insider Buying and Selling at Analog Devices

In related news, EVP Gregory M. Bryant sold 20,000 shares of the company’s stock in a transaction on Friday, November 1st. The shares were sold at an average price of $223.87, for a total transaction of $4,477,400.00. Following the completion of the sale, the executive vice president now directly owns 59,093 shares of the company’s stock, valued at approximately $13,229,149.91. This represents a 25.29 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The shares were sold at an average price of $228.69, for a total value of $2,286,900.00. Following the completion of the transaction, the chief executive officer now directly owns 51,039 shares in the company, valued at $11,672,108.91. This trade represents a 16.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 110,995 shares of company stock valued at $25,116,338. Company insiders own 0.31% of the company’s stock.

Analog Devices Stock Up 0.3 %

Shares of NASDAQ ADI opened at $214.59 on Monday. The stock has a market capitalization of $106.54 billion, a PE ratio of 64.44, a P/E/G ratio of 3.01 and a beta of 1.08. The company has a quick ratio of 1.24, a current ratio of 1.69 and a debt-to-equity ratio of 0.19. The firm has a fifty day moving average of $224.87 and a 200-day moving average of $225.70. Analog Devices, Inc. has a 52-week low of $179.63 and a 52-week high of $244.14.

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.