Analog Devices, Inc. $ADI Shares Sold by Generali Investments Towarzystwo Funduszy Inwestycyjnych

Generali Investments Towarzystwo Funduszy Inwestycyjnych lowered its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 8.2% during the third quarter, HoldingsChannel reports. The firm owned 27,811 shares of the semiconductor company’s stock after selling 2,500 shares during the quarter. Analog Devices comprises 3.6% of Generali Investments Towarzystwo Funduszy Inwestycyjnych’s holdings, making the stock its 4th largest holding. Generali Investments Towarzystwo Funduszy Inwestycyjnych’s holdings in Analog Devices were worth $6,833,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of ADI. Howard Hughes Medical Institute acquired a new stake in Analog Devices during the 2nd quarter worth approximately $25,000. RMG Wealth Management LLC bought a new stake in shares of Analog Devices during the second quarter worth $26,000. Clayton Financial Group LLC acquired a new stake in shares of Analog Devices during the third quarter worth $31,000. Sound Income Strategies LLC lifted its position in Analog Devices by 141.8% in the 3rd quarter. Sound Income Strategies LLC now owns 162 shares of the semiconductor company’s stock valued at $39,000 after acquiring an additional 95 shares in the last quarter. Finally, Access Investment Management LLC bought a new stake in Analog Devices in the 2nd quarter valued at $45,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Analog Devices Price Performance

NASDAQ:ADI opened at $304.01 on Tuesday. The stock has a market capitalization of $148.86 billion, a PE ratio of 66.67, a P/E/G ratio of 1.65 and a beta of 1.03. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $313.54. The firm has a fifty day simple moving average of $277.45 and a 200 day simple moving average of $252.57. The company has a current ratio of 2.19, a quick ratio of 1.68 and a debt-to-equity ratio of 0.24.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share (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 firm 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 firm posted $1.67 earnings per share. The company’s quarterly revenue was up 25.9% compared to the same quarter last year. On average, research analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Monday, December 8th were issued a dividend of $0.99 per share. The ex-dividend date was Monday, December 8th. This represents a $3.96 dividend on an annualized basis and a yield of 1.3%. Analog Devices’s dividend payout ratio (DPR) is presently 86.84%.

Wall Street Analysts Forecast Growth

ADI has been the topic of several recent research reports. KeyCorp lifted their price target on Analog Devices from $330.00 to $375.00 and gave the company an “overweight” rating in a research note on Tuesday, January 13th. Oppenheimer increased their price objective on Analog Devices from $265.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, January 16th. Evercore ISI dropped their target price on Analog Devices from $303.00 to $282.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 25th. Robert W. Baird upped their price target on Analog Devices from $250.00 to $275.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. Finally, UBS Group set a $350.00 price objective on shares of Analog Devices in a report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $312.04.

Insider Activity

In related news, Director Ray Stata sold 3,125 shares of the business’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $230.21, for a total transaction of $719,406.25. Following the transaction, the director directly owned 142,571 shares of the company’s stock, valued at approximately $32,821,269.91. The trade was a 2.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CAO Michael Sondel sold 8,169 shares of the stock in a transaction on 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 completion of the sale, the chief accounting officer owned 18,913 shares in the company, valued at approximately $5,258,381.39. This trade represents a 30.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 53,544 shares of company stock valued at $14,328,561. 0.33% of the stock is owned by insiders.

Analog Devices 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.