Analog Devices, Inc. $ADI Shares Bought by Czech National Bank

Czech National Bank grew its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 4.0% in the third quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 126,037 shares of the semiconductor company’s stock after buying an additional 4,803 shares during the quarter. Czech National Bank’s holdings in Analog Devices were worth $30,967,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Howard Hughes Medical Institute acquired a new stake in Analog Devices in the second quarter valued at about $25,000. RMG Wealth Management LLC purchased a new position in shares of Analog Devices during the 2nd quarter worth approximately $26,000. Activest Wealth Management raised its stake in shares of Analog Devices by 6,350.0% during the 1st quarter. Activest Wealth Management now owns 129 shares of the semiconductor company’s stock worth $26,000 after buying an additional 127 shares in the last quarter. Access Investment Management LLC acquired a new stake in shares of Analog Devices in the 2nd quarter valued at approximately $45,000. Finally, Saudi Central Bank purchased a new stake in shares of Analog Devices in the first quarter valued at approximately $39,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Insider Buying and Selling

In other Analog Devices news, CAO Michael Sondel sold 8,169 shares of the company’s stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $278.03, for a total value of $2,271,227.07. Following the transaction, the chief accounting officer directly owned 18,913 shares in the company, valued at approximately $5,258,381.39. This represents a 30.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $230.21, for a total transaction of $719,406.25. Following the sale, the director owned 142,571 shares of the company’s stock, valued at approximately $32,821,269.91. This trade represents a 2.14% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 32,294 shares of company stock valued at $8,019,973 over the last three months. Insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

A number of equities research analysts have commented on the company. Morgan Stanley raised their target price on Analog Devices from $288.00 to $293.00 and gave the company an “overweight” rating in a report on Wednesday, November 26th. Stifel Nicolaus set a $280.00 price target on shares of Analog Devices in a report on Friday, November 21st. BNP Paribas Exane assumed coverage on shares of Analog Devices in a research note on Tuesday, November 4th. They issued an “outperform” rating and a $300.00 price objective for the company. Sanford C. Bernstein restated a “market perform” rating and set a $270.00 target price on shares of Analog Devices in a research report on Wednesday, November 26th. Finally, JPMorgan Chase & Co. lifted their price target on shares of Analog Devices from $310.00 to $320.00 and gave the company an “overweight” rating in a research report on Wednesday, November 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have assigned a Hold rating to the stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $285.78.

Analog Devices Stock Performance

Shares of ADI opened at $271.04 on Thursday. Analog Devices, Inc. has a 12-month low of $158.65 and a 12-month high of $284.23. The stock has a market cap of $132.71 billion, a P/E ratio of 59.44, a PEG ratio of 1.55 and a beta of 1.04. The company has a current ratio of 2.19, a quick ratio of 1.68 and a debt-to-equity ratio of 0.24. The company has a 50-day moving average of $248.45 and a two-hundred day moving average of $241.59.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 EPS for the quarter, beating the consensus estimate of $2.22 by $0.04. Analog Devices had a net margin of 20.58% and a return on equity of 11.23%. The business had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same period in the prior year, the business earned $1.67 earnings per share. The company’s quarterly revenue was up 25.9% on a year-over-year basis. As a group, research analysts predict that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, December 22nd. Stockholders of record on Monday, December 8th will be issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.5%. The ex-dividend date of this dividend is Monday, December 8th. Analog Devices’s payout ratio is 86.84%.

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.