Analog Devices, Inc. (NASDAQ:ADI) Position Raised by Capital International Sarl

Capital International Sarl raised its stake in Analog Devices, Inc. (NASDAQ:ADI) by 15.8% during the first quarter, according to its most recent disclosure with the SEC. The fund owned 18,943 shares of the semiconductor company’s stock after buying an additional 2,584 shares during the quarter. Capital International Sarl’s holdings in Analog Devices were worth $3,747,000 as of its most recent SEC filing.

Other hedge funds also recently added to or reduced their stakes in the company. Pinnacle Bancorp Inc. raised its stake in shares of Analog Devices by 101.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 65 shares in the last quarter. USA Financial Formulas grew its holdings in Analog Devices by 87.8% during the fourth quarter. USA Financial Formulas now owns 139 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 65 shares during the period. Cetera Trust Company N.A acquired a new position in Analog Devices during the fourth quarter worth about $29,000. Private Wealth Management Group LLC acquired a new position in Analog Devices during the fourth quarter worth about $29,000. Finally, Riverview Trust Co purchased a new position in Analog Devices in the 1st quarter worth about $30,000. 86.81% of the stock is currently owned by institutional investors.

Analog Devices Stock Performance

Shares of NASDAQ ADI traded up $5.51 during trading hours on Friday, reaching $226.43. The stock had a trading volume of 4,295,648 shares, compared to its average volume of 3,298,188. The business’s fifty day moving average is $232.02 and its two-hundred day moving average is $207.77. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.58 and a quick ratio of 1.13. The company has a market cap of $112.36 billion, a price-to-earnings ratio of 52.90, a PEG ratio of 3.79 and a beta of 1.08. Analog Devices, Inc. has a twelve month low of $154.99 and a twelve month high of $244.14.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, May 22nd. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.14. Analog Devices had a return on equity of 10.74% and a net margin of 20.45%. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same period in the prior year, the company posted $2.83 earnings per share. The business’s revenue for the quarter was down 33.8% compared to the same quarter last year. As a group, research analysts expect that Analog Devices, Inc. will post 6.24 EPS for the current year.

Analog Devices Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Monday, June 17th. Stockholders of record on Tuesday, June 4th were issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 1.63%. The ex-dividend date was Tuesday, June 4th. Analog Devices’s payout ratio is presently 85.98%.

Insider Transactions at Analog Devices

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 value of $1,970,600.00. Following the transaction, the chief executive officer now owns 51,039 shares in the company, valued at $10,057,745.34. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, CAO Michael Sondel sold 4,830 shares of the firm’s stock in a transaction dated Friday, May 24th. The stock was sold at an average price of $236.58, for a total value of $1,142,681.40. Following the transaction, the chief accounting officer now owns 10,547 shares in the company, valued at $2,495,209.26. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 value of $1,970,600.00. Following the transaction, the chief executive officer now owns 51,039 shares in the company, valued at approximately $10,057,745.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 46,642 shares of company stock worth $10,481,343. Insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities analysts have weighed in on ADI shares. The Goldman Sachs Group lifted their target price on Analog Devices from $205.00 to $252.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $250.00 target price on shares of Analog Devices in a research note on Tuesday, July 16th. Oppenheimer lifted their target price on Analog Devices from $215.00 to $245.00 and gave the company an “outperform” rating in a research note on Thursday, May 16th. Citigroup lifted their target price on Analog Devices from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Finally, Evercore ISI initiated coverage on Analog Devices in a report on Tuesday, April 16th. They set an “outperform” rating and a $254.00 price target for the company. Seven investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $245.50.

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.