Johnson Financial Group Inc. Acquires 223 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Johnson Financial Group Inc. raised its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 3.3% during the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 7,011 shares of the semiconductor company’s stock after acquiring an additional 223 shares during the quarter. Johnson Financial Group Inc.’s holdings in Analog Devices were worth $1,392,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently bought and sold shares of the company. Massachusetts Financial Services Co. MA grew its position in shares of Analog Devices by 8.6% during the 4th quarter. Massachusetts Financial Services Co. MA now owns 15,065,652 shares of the semiconductor company’s stock worth $2,991,436,000 after buying an additional 1,197,215 shares in the last quarter. Invesco Ltd. grew its position in shares of Analog Devices by 7.5% during the 3rd quarter. Invesco Ltd. now owns 10,003,284 shares of the semiconductor company’s stock worth $1,751,475,000 after buying an additional 701,367 shares in the last quarter. Norges Bank bought a new position in shares of Analog Devices during the 4th quarter worth $1,225,227,000. First Eagle Investment Management LLC grew its position in shares of Analog Devices by 9.3% during the 4th quarter. First Eagle Investment Management LLC now owns 3,836,884 shares of the semiconductor company’s stock worth $761,852,000 after buying an additional 327,542 shares in the last quarter. Finally, Baillie Gifford & Co. grew its position in shares of Analog Devices by 11.7% during the 4th quarter. Baillie Gifford & Co. now owns 3,794,215 shares of the semiconductor company’s stock worth $753,379,000 after buying an additional 397,753 shares in the last quarter. Institutional investors own 86.81% of the company’s stock.

Analog Devices Stock Performance

Shares of ADI stock traded down $2.05 during mid-day trading on Friday, reaching $232.51. The stock had a trading volume of 4,544,312 shares, compared to its average volume of 3,265,739. The business’s fifty day moving average is $200.67 and its 200-day moving average is $193.66. The company has a current ratio of 1.58, a quick ratio of 0.98 and a debt-to-equity ratio of 0.19. The firm has a market cap of $115.38 billion, a price-to-earnings ratio of 54.32, a PEG ratio of 5.82 and a beta of 1.14. Analog Devices, Inc. has a 1-year low of $154.99 and a 1-year high of $241.88.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, May 22nd. The semiconductor company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.26 by $0.14. The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.11 billion. Analog Devices had a return on equity of 10.74% and a net margin of 20.45%. Analog Devices’s revenue for the quarter was down 33.8% compared to the same quarter last year. During the same period last year, the company earned $2.83 earnings per share. On average, research analysts forecast that Analog Devices, Inc. will post 5.93 earnings per share for the current year.

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Investors of record on Tuesday, June 4th will be issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.58%. The ex-dividend date is Tuesday, June 4th. Analog Devices’s dividend payout ratio (DPR) is 85.98%.

Insider Buying and Selling

In related news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $197.06, for a total transaction of $1,970,600.00. Following the sale, the chief executive officer now directly owns 51,039 shares of the company’s stock, valued at $10,057,745.34. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $197.06, for a total value of $1,970,600.00. Following the sale, the chief executive officer now directly owns 51,039 shares of the company’s stock, valued at $10,057,745.34. The sale 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 sale, the executive vice president now directly owns 5,745 shares in the company, valued at $1,134,982.20. The disclosure for this sale can be found here. Insiders have sold a total of 24,707 shares of company stock valued at $4,874,613 over the last ninety days. Company insiders own 0.31% of the company’s stock.

Wall Street Analysts Forecast Growth

ADI has been the topic of a number of recent research reports. Susquehanna increased their price target on Analog Devices from $230.00 to $280.00 and gave the stock a “positive” rating in a research report on Thursday. TD Cowen upped their price objective on Analog Devices from $210.00 to $270.00 and gave the stock a “buy” rating in a research note on Thursday. KeyCorp upped their price objective on Analog Devices from $230.00 to $285.00 and gave the stock an “overweight” rating in a research note on Thursday. Evercore ISI initiated coverage on Analog Devices in a research note on Tuesday, April 16th. They set an “outperform” rating and a $254.00 price objective for the company. Finally, UBS Group upped their price objective on Analog Devices from $225.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday. Seven investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $239.42.

Analog Devices Profile

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.