Analog Devices, Inc. (NASDAQ:ADI) Shares Acquired by KBC Group NV


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KBC Group NV lifted its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 14.7% in the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 44,905 shares of the semiconductor company’s stock after buying an additional 5,769 shares during the quarter. KBC Group NV’s holdings in Analog Devices were worth $6,964,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in ADI. Mascoma Wealth Management LLC bought a new position in Analog Devices during the first quarter worth $43,000. J. W. Coons Advisors LLC lifted its stake in Analog Devices by 33.1% during the first quarter. J. W. Coons Advisors LLC now owns 4,182 shares of the semiconductor company’s stock worth $651,000 after purchasing an additional 1,040 shares during the last quarter. GWM Advisors LLC lifted its stake in Analog Devices by 0.7% during the first quarter. GWM Advisors LLC now owns 176,121 shares of the semiconductor company’s stock worth $27,313,000 after purchasing an additional 1,239 shares during the last quarter. Parallel Advisors LLC lifted its stake in Analog Devices by 5.0% during the first quarter. Parallel Advisors LLC now owns 5,172 shares of the semiconductor company’s stock worth $802,000 after purchasing an additional 247 shares during the last quarter. Finally, Moody Lynn & Lieberson LLC lifted its stake in Analog Devices by 11.8% during the first quarter. Moody Lynn & Lieberson LLC now owns 2,202 shares of the semiconductor company’s stock worth $341,000 after purchasing an additional 232 shares during the last quarter. 91.90% of the stock is owned by institutional investors and hedge funds.

In related news, SVP Gregory N. Henderson sold 14,557 shares of Analog Devices stock in a transaction dated Monday, March 22nd. The stock was sold at an average price of $154.60, for a total value of $2,250,512.20. Following the transaction, the senior vice president now owns 8,910 shares of the company’s stock, valued at approximately $1,377,486. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CAO Michael Sondel sold 2,210 shares of the firm’s stock in a transaction dated Friday, February 19th. The stock was sold at an average price of $163.79, for a total value of $361,975.90. Insiders sold a total of 53,396 shares of company stock worth $8,385,638 in the last three months. 0.42% of the stock is currently owned by company insiders.

Several equities analysts recently issued reports on the company. Royal Bank of Canada raised their price objective on Analog Devices from $174.00 to $180.00 and gave the stock an “outperform” rating in a research note on Tuesday, February 16th. Oppenheimer reiterated a “buy” rating and issued a $175.00 target price on shares of Analog Devices in a research note on Thursday, February 11th. Piper Sandler raised their target price on Analog Devices from $150.00 to $180.00 and gave the company an “overweight” rating in a research note on Thursday, February 25th. BMO Capital Markets raised their target price on Analog Devices from $155.00 to $190.00 and gave the company an “outperform” rating in a research note on Tuesday, February 16th. Finally, Zacks Investment Research upgraded Analog Devices from a “hold” rating to a “buy” rating and set a $172.00 target price on the stock in a research note on Monday, February 22nd. Six investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Analog Devices presently has an average rating of “Buy” and an average price target of $157.92.

NASDAQ:ADI opened at $151.32 on Tuesday. The business’s 50-day moving average price is $156.71 and its 200 day moving average price is $147.51. The firm has a market cap of $55.82 billion, a P/E ratio of 46.13, a PEG ratio of 2.26 and a beta of 1.31. Analog Devices, Inc. has a 52-week low of $100.09 and a 52-week high of $164.40. The company has a quick ratio of 1.40, a current ratio of 1.84 and a debt-to-equity ratio of 0.43.

Analog Devices (NASDAQ:ADI) last released its earnings results on Tuesday, February 16th. The semiconductor company reported $1.44 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.32 by $0.12. The firm had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.51 billion. Analog Devices had a return on equity of 15.51% and a net margin of 21.79%. During the same period in the previous year, the company earned $1.03 earnings per share. Sell-side analysts expect that Analog Devices, Inc. will post 5.69 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, March 9th. Investors of record on Friday, February 26th were paid a $0.69 dividend. The ex-dividend date of this dividend was Thursday, February 25th. This represents a $2.76 dividend on an annualized basis and a yield of 1.82%. This is a boost from Analog Devices’s previous quarterly dividend of $0.62. Analog Devices’s dividend payout ratio (DPR) is currently 56.21%.

About Analog Devices

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. The company offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency and microwave ICs to support cellular infrastructure.

See Also: Holder of Record

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

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