American National Bank Acquires 72 Shares of Analog Devices, Inc. (NASDAQ:ADI)

American National Bank lifted its holdings in shares of Analog Devices, Inc. (NASDAQ:ADIFree Report) by 5.7% during the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 1,341 shares of the semiconductor company’s stock after purchasing an additional 72 shares during the period. American National Bank’s holdings in Analog Devices were worth $265,000 at the end of the most recent reporting period.

Several other large investors also recently made changes to their positions in ADI. Massachusetts Financial Services Co. MA boosted its holdings in Analog Devices by 8.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 15,065,652 shares of the semiconductor company’s stock valued at $2,991,436,000 after acquiring an additional 1,197,215 shares during the last quarter. Norges Bank bought a new position in Analog Devices in the fourth quarter valued at about $1,225,227,000. Capital International Investors boosted its holdings in Analog Devices by 5.8% in the fourth quarter. Capital International Investors now owns 4,510,652 shares of the semiconductor company’s stock valued at $895,702,000 after acquiring an additional 246,799 shares during the last quarter. First Eagle Investment Management LLC boosted its holdings in Analog Devices by 9.3% in the fourth quarter. First Eagle Investment Management LLC now owns 3,836,884 shares of the semiconductor company’s stock valued at $761,852,000 after acquiring an additional 327,542 shares during the last quarter. Finally, Baillie Gifford & Co. boosted its holdings in Analog Devices by 11.7% in the fourth quarter. Baillie Gifford & Co. now owns 3,794,215 shares of the semiconductor company’s stock valued at $753,379,000 after acquiring an additional 397,753 shares during the last quarter. Institutional investors own 86.81% of the company’s stock.

Analog Devices Stock Up 0.7 %

Shares of Analog Devices stock opened at $231.05 on Friday. The business’s 50 day simple moving average is $216.13 and its 200 day simple moving average is $201.03. Analog Devices, Inc. has a 52-week low of $154.99 and a 52-week high of $241.88. The firm has a market cap of $114.65 billion, a PE ratio of 53.98, a P/E/G ratio of 3.97 and a beta of 1.12. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.13 and a current ratio of 1.58.

Analog Devices (NASDAQ:ADIGet Free Report) last announced its earnings results on Wednesday, May 22nd. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.26 by $0.14. Analog Devices had a return on equity of 10.74% and a net margin of 20.45%. The business had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same quarter last year, the firm earned $2.83 EPS. Analog Devices’s revenue for the quarter was down 33.8% compared to the same quarter last year. On average, analysts predict that Analog Devices, Inc. will post 6.24 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, June 4th were paid a $0.92 dividend. The ex-dividend date was Tuesday, June 4th. This represents a $3.68 dividend on an annualized basis and a yield of 1.59%. Analog Devices’s dividend payout ratio is 85.98%.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, EVP Gregory M. Bryant sold 17,612 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $233.94, for a total value of $4,120,151.28. Following the completion of the transaction, the executive vice president now directly owns 69,241 shares in the company, valued at $16,198,239.54. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other Analog Devices news, EVP Gregory M. Bryant sold 17,612 shares of the firm’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $233.94, for a total value of $4,120,151.28. Following the completion of the transaction, the executive vice president now directly owns 69,241 shares in the company, valued at $16,198,239.54. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, EVP Vivek Jain sold 3,479 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $197.56, for a total value of $687,311.24. Following the completion of the transaction, the executive vice president now owns 5,745 shares of the company’s stock, valued at $1,134,982.20. The disclosure for this sale can be found here. Insiders sold a total of 50,121 shares of company stock worth $10,875,654 over the last ninety days. 0.31% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. TD Cowen raised their price target on Analog Devices from $210.00 to $270.00 and gave the company a “buy” rating in a report on Thursday, May 23rd. Barclays increased their target price on Analog Devices from $185.00 to $210.00 and gave the company an “equal weight” rating in a research note on Monday, May 20th. Cantor Fitzgerald increased their target price on Analog Devices from $205.00 to $240.00 and gave the company a “neutral” rating in a research note on Wednesday, May 15th. Needham & Company LLC reissued a “hold” rating on shares of Analog Devices in a research note on Thursday, May 23rd. Finally, Susquehanna increased their target price on Analog Devices from $230.00 to $280.00 and gave the company a “positive” rating in a research note on Thursday, May 23rd. Seven research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $243.23.

View Our Latest Research Report on Analog Devices

Analog Devices Company Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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