Czech National Bank grew its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 129,722 shares of the semiconductor company’s stock after buying an additional 3,685 shares during the quarter. Czech National Bank’s holdings in Analog Devices were worth $35,181,000 at the end of the most recent reporting period.
A number of other institutional investors have also recently made changes to their positions in ADI. Jones Financial Companies Lllp boosted its holdings in shares of Analog Devices by 12.9% in the 3rd quarter. Jones Financial Companies Lllp now owns 169,572 shares of the semiconductor company’s stock worth $41,907,000 after purchasing an additional 19,383 shares during the period. SG Americas Securities LLC raised its holdings in Analog Devices by 684.6% during 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 lifted its position in Analog Devices by 22.3% in the third quarter. Voya Investment Management LLC now owns 1,293,403 shares of the semiconductor company’s stock worth $317,789,000 after buying an additional 236,211 shares during the last quarter. AE Wealth Management LLC boosted its stake in Analog Devices by 26.4% during the third quarter. AE Wealth Management LLC now owns 43,932 shares of the semiconductor company’s stock worth $10,795,000 after buying an additional 9,174 shares during the period. Finally, Ashton Thomas Private Wealth LLC boosted its stake in Analog Devices by 18.8% during the third quarter. Ashton Thomas Private Wealth LLC now owns 20,734 shares of the semiconductor company’s stock worth $5,094,000 after buying an additional 3,286 shares during the period. Institutional investors own 86.81% of the company’s stock.
Analog Devices Stock Performance
Shares of NASDAQ:ADI opened at $322.03 on Thursday. The firm’s 50 day simple moving average is $323.57 and its 200-day simple moving average is $278.93. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.35 and a current ratio of 1.76. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $363.20. The firm has a market cap of $157.22 billion, a PE ratio of 58.87, a price-to-earnings-growth ratio of 1.48 and a beta of 1.00.
Analog Devices Increases Dividend
The company also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 3rd were given a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.4%. The ex-dividend date of this dividend was Tuesday, March 3rd. This is a positive change from Analog Devices’s previous quarterly dividend of $0.99. Analog Devices’s dividend payout ratio is currently 80.44%.
Insider Buying and Selling at Analog Devices
In related news, SVP Martin Cotter sold 10,000 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $278.44, for a total value of $2,784,400.00. Following the completion of the sale, the senior vice president directly owned 49,664 shares of the company’s stock, valued at $13,828,444.16. This represents a 16.76% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Katsufumi Nakamura sold 500 shares of the stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $301.46, for a total transaction of $150,730.00. Following the transaction, the senior vice president owned 12,710 shares in the company, valued at approximately $3,831,556.60. The trade was a 3.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last ninety days, insiders have sold 41,449 shares of company stock worth $12,336,069. Insiders own 0.36% of the company’s stock.
Wall Street Analysts Forecast Growth
Several brokerages have recently weighed in on ADI. JPMorgan Chase & Co. increased their target price on shares of Analog Devices from $320.00 to $400.00 and gave the company an “overweight” rating in a research note on Thursday, February 19th. Robert W. Baird set a $365.00 price target on shares of Analog Devices in a research note on Thursday, February 19th. Jefferies Financial Group reissued a “buy” rating and issued a $410.00 price objective on shares of Analog Devices in a research report on Thursday, February 19th. TD Cowen reissued a “buy” rating on shares of Analog Devices in a research note on Thursday, February 19th. Finally, Zacks Research upgraded Analog Devices from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. Three analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and three have issued a Hold rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Buy” and an average target price of $366.96.
Check Out Our Latest Stock Report on ADI
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.
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