8,497 Shares in Analog Devices, Inc. $ADI Acquired by Groupama Asset Managment

Groupama Asset Managment acquired a new stake in Analog Devices, Inc. (NASDAQ:ADI) in the 2nd quarter, Holdings Channel.com reports. The institutional investor acquired 8,497 shares of the semiconductor company’s stock, valued at approximately $2,013,000.

A number of other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its holdings in Analog Devices by 1.5% during the 2nd quarter. Vanguard Group Inc. now owns 50,227,231 shares of the semiconductor company’s stock valued at $11,955,086,000 after purchasing an additional 761,861 shares in the last quarter. Geode Capital Management LLC boosted its position in Analog Devices by 5.7% in the 2nd quarter. Geode Capital Management LLC now owns 11,687,660 shares of the semiconductor company’s stock valued at $2,770,448,000 after buying an additional 633,425 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Analog Devices by 26.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,425,084 shares of the semiconductor company’s stock valued at $2,304,098,000 after acquiring an additional 2,407,460 shares in the last quarter. American Century Companies Inc. increased its position in shares of Analog Devices by 4.9% during the second quarter. American Century Companies Inc. now owns 4,464,722 shares of the semiconductor company’s stock worth $1,062,694,000 after acquiring an additional 206,882 shares during the last quarter. Finally, Raymond James Financial Inc. lifted its stake in shares of Analog Devices by 0.3% in the first quarter. Raymond James Financial Inc. now owns 3,935,224 shares of the semiconductor company’s stock worth $793,616,000 after acquiring an additional 12,666 shares in the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analog Devices Stock Up 2.9%

NASDAQ:ADI opened at $265.52 on Friday. The company has a current ratio of 2.32, a quick ratio of 1.79 and a debt-to-equity ratio of 0.24. The stock has a 50 day moving average of $239.64 and a 200-day moving average of $236.21. The firm has a market capitalization of $130.62 billion, a PE ratio of 67.73, a price-to-earnings-growth ratio of 1.98 and a beta of 1.09. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week high of $265.75.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.04. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.The business had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter last year, the business posted $1.67 EPS. The business’s revenue was up 25.9% on a year-over-year basis. Analysts predict that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Monday, December 22nd. Stockholders of record on Monday, December 8th will be given a dividend of $0.99 per share. The ex-dividend date is Monday, December 8th. This represents a $3.96 annualized dividend and a dividend yield of 1.5%. Analog Devices’s dividend payout ratio is currently 86.84%.

Analysts Set New Price Targets

A number of brokerages have weighed in on ADI. Wells Fargo & Company raised their price objective on Analog Devices from $250.00 to $265.00 and gave the company an “equal weight” rating in a research note on Tuesday. Piper Sandler set a $290.00 price target on shares of Analog Devices in a research report on Tuesday. Truist Financial lifted their price target on shares of Analog Devices from $249.00 to $258.00 and gave the stock a “hold” rating in a research note on Wednesday. Cfra reiterated a “buy” rating and set a $280.00 price objective on shares of Analog Devices in a research note on Tuesday. Finally, JPMorgan Chase & Co. raised their price objective on shares of Analog Devices from $310.00 to $320.00 and gave the stock an “overweight” rating in a report on Wednesday. Two analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and nine have assigned a Hold rating to the stock. According to MarketBeat, Analog Devices has an average rating of “Moderate Buy” and a consensus target price of $281.87.

Insider Activity

In related news, Director Ray Stata sold 3,125 shares of the stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $230.21, for a total value of $719,406.25. Following the sale, the director owned 142,571 shares of the company’s stock, valued at $32,821,269.91. This trade represents a 2.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $234.95, for a total transaction of $2,349,500.00. Following the completion of the sale, the chief executive officer owned 163,640 shares in the company, valued at approximately $38,447,218. This represents a 5.76% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 39,750 shares of company stock worth $9,598,496 over the last ninety days. Insiders own 0.33% 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.