BDF Gestion Makes New $4.49 Million Investment in Analog Devices, Inc. (NASDAQ:ADI)

BDF Gestion acquired a new stake in Analog Devices, Inc. (NASDAQ:ADI) in the 2nd quarter, according to its most recent filing with the SEC. The fund acquired 19,677 shares of the semiconductor company’s stock, valued at approximately $4,491,000.

A number of other large investors have also bought and sold shares of the business. Mitsubishi UFJ Asset Management Co. Ltd. grew its holdings in shares of Analog Devices by 4.3% during the fourth quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 521,438 shares of the semiconductor company’s stock worth $98,531,000 after buying an additional 21,522 shares in the last quarter. Point72 Italy S.r.l. acquired a new stake in shares of Analog Devices in the fourth quarter valued at approximately $6,367,000. Grayhawk Investment Strategies Inc. acquired a new position in Analog Devices during the fourth quarter worth $850,000. CTC Alternative Strategies Ltd. bought a new position in Analog Devices in the fourth quarter valued at $1,152,000. Finally, Capital International Investors increased its stake in Analog Devices by 5.8% in the 4th quarter. Capital International Investors now owns 4,510,652 shares of the semiconductor company’s stock valued at $895,702,000 after buying an additional 246,799 shares during the last quarter. 86.81% of the stock is owned by institutional investors.

Insider Activity at Analog Devices

In other news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $228.08, for a total value of $2,280,800.00. Following the completion of the transaction, the chief executive officer now directly owns 51,039 shares in the company, valued at approximately $11,640,975.12. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $228.08, for a total value of $2,280,800.00. Following the transaction, the chief executive officer now owns 51,039 shares in the company, valued at approximately $11,640,975.12. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CAO Michael Sondel sold 4,830 shares of the business’s stock in a transaction on 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 directly owns 10,547 shares of the company’s stock, valued at approximately $2,495,209.26. The disclosure for this sale can be found here. Insiders sold a total of 46,642 shares of company stock valued at $10,791,543 over the last quarter. 0.31% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several brokerages have recently weighed in on ADI. Susquehanna raised their price objective on Analog Devices from $230.00 to $280.00 and gave the company a “positive” rating in a report on Thursday, May 23rd. Morgan Stanley raised their price target on Analog Devices from $221.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. 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, May 23rd. TD Cowen raised their target price on shares of Analog Devices from $210.00 to $270.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Finally, Stifel Nicolaus boosted their target price on shares of Analog Devices from $220.00 to $240.00 and gave the stock a “buy” rating in a report on Monday, May 20th. Seven investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. Based on data from MarketBeat, Analog Devices has an average rating of “Moderate Buy” and a consensus price target of $245.50.

Analog Devices Stock Performance

Shares of ADI stock traded down $2.33 on Friday, hitting $211.31. The company’s stock had a trading volume of 2,482,111 shares, compared to its average volume of 3,369,276. Analog Devices, Inc. has a fifty-two week low of $154.99 and a fifty-two week high of $244.14. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.13 and a current ratio of 1.58. The stock’s 50 day moving average is $229.32 and its 200-day moving average is $209.36. The company has a market capitalization of $104.86 billion, a PE ratio of 49.43, a PEG ratio of 3.69 and a beta of 1.08.

Analog Devices (NASDAQ:ADI) last announced 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 company had revenue of $2.16 billion for the quarter, compared to analysts’ expectations of $2.11 billion. Analog Devices had a net margin of 20.45% and a return on equity of 10.74%. The business’s revenue for the quarter was down 33.8% on a year-over-year basis. During the same period last year, the firm earned $2.83 earnings per share. Equities research analysts expect 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. Investors of record on Tuesday, June 4th were given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.74%. The ex-dividend date of this dividend was Tuesday, June 4th. Analog Devices’s payout ratio is currently 85.98%.

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.