Keybank National Association OH Has $5.74 Million Stake in Analog Devices, Inc. $ADI

Keybank National Association OH reduced its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 14.5% during the 3rd quarter, HoldingsChannel.com reports. The fund owned 23,341 shares of the semiconductor company’s stock after selling 3,945 shares during the quarter. Keybank National Association OH’s holdings in Analog Devices were worth $5,735,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. Solstein Capital LLC raised its stake in Analog Devices by 2.0% in the second quarter. Solstein Capital LLC now owns 2,307 shares of the semiconductor company’s stock valued at $549,000 after purchasing an additional 46 shares in the last quarter. SG Americas Securities LLC increased its holdings in Analog Devices by 684.6% in the 3rd quarter. SG Americas Securities LLC now owns 862,314 shares of the semiconductor company’s stock valued at $211,871,000 after buying an additional 752,411 shares during the period. Voya Investment Management LLC raised its position in shares of Analog Devices by 22.3% in the 3rd quarter. Voya Investment Management LLC now owns 1,293,403 shares of the semiconductor company’s stock valued at $317,789,000 after buying an additional 236,211 shares in the last quarter. AE Wealth Management LLC raised its position in shares of Analog Devices by 26.4% in the 3rd quarter. AE Wealth Management LLC now owns 43,932 shares of the semiconductor company’s stock valued at $10,795,000 after buying an additional 9,174 shares in the last quarter. Finally, Robeco Institutional Asset Management B.V. lifted its holdings in shares of Analog Devices by 55.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,204,226 shares of the semiconductor company’s stock worth $295,878,000 after acquiring an additional 427,467 shares during the period. Institutional investors own 86.81% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ADI. Weiss Ratings cut shares of Analog Devices from a “buy (b-)” rating to a “hold (c+)” rating in a research note on Tuesday, January 20th. Piper Sandler set a $290.00 target price on Analog Devices in a report on Tuesday, November 25th. KeyCorp upped their price objective on Analog Devices from $330.00 to $375.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Stifel Nicolaus raised their price objective on Analog Devices from $290.00 to $330.00 and gave the company a “buy” rating in a research note on Friday, January 16th. Finally, Barclays set a $315.00 target price on shares of Analog Devices in a report on Thursday, January 15th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $312.04.

Insiders Place Their Bets

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $275.07, for a total transaction of $2,750,700.00. Following the transaction, the chief executive officer directly owned 155,688 shares of the company’s stock, valued at approximately $42,825,098.16. The trade was a 6.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ray Stata sold 3,125 shares of the company’s stock in a transaction dated Tuesday, January 13th. The shares were sold at an average price of $297.27, for a total value of $928,968.75. Following the completion of the sale, the director owned 130,071 shares in the company, valued at $38,666,206.17. This trade represents a 2.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 43,544 shares of company stock valued at $11,979,061 over the last ninety days. 0.36% of the stock is currently owned by corporate insiders.

Analog Devices Stock Performance

NASDAQ:ADI opened at $310.88 on Monday. The stock’s 50-day moving average is $284.07 and its 200-day moving average is $254.56. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $319.26. 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 stock has a market cap of $151.91 billion, a P/E ratio of 68.18, a price-to-earnings-growth ratio of 1.69 and a beta of 1.03.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 EPS for the quarter, topping 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 the consensus estimate of $3.02 billion. During the same period last year, the company earned $1.67 EPS. The firm’s revenue was up 25.9% compared to the same quarter last year. Equities research analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Monday, December 8th were paid a $0.99 dividend. The ex-dividend date of this dividend was Monday, December 8th. This represents a $3.96 annualized dividend and a dividend yield of 1.3%. Analog Devices’s payout ratio is currently 86.84%.

Analog Devices Company Profile

Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.