KBC Group NV raised its position in Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 0.9% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 197,552 shares of the semiconductor company’s stock after buying an additional 1,834 shares during the quarter. KBC Group NV’s holdings in Analog Devices were worth $47,021,000 at the end of the most recent quarter.
Other hedge funds also recently modified their holdings of the company. National Pension Service raised its position in Analog Devices by 20.0% during the 2nd quarter. National Pension Service now owns 1,323,143 shares of the semiconductor company’s stock worth $314,934,000 after purchasing an additional 220,379 shares during the last quarter. VeraBank N.A. acquired a new stake in shares of Analog Devices in the 2nd quarter valued at about $228,000. STF Management LP increased its holdings in shares of Analog Devices by 2.5% during the second quarter. STF Management LP now owns 7,643 shares of the semiconductor company’s stock valued at $1,819,000 after acquiring an additional 184 shares in the last quarter. Vise Technologies Inc. bought a new stake in shares of Analog Devices during the second quarter worth about $1,755,000. Finally, Allworth Financial LP lifted its holdings in shares of Analog Devices by 8.1% in the second quarter. Allworth Financial LP now owns 8,977 shares of the semiconductor company’s stock valued at $2,137,000 after purchasing an additional 670 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.
Analog Devices Trading Up 3.4%
Shares of ADI stock opened at $241.44 on Thursday. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $258.13. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.79 and a current ratio of 2.32. The firm has a market capitalization of $118.78 billion, a PE ratio of 61.59, a PEG ratio of 1.98 and a beta of 1.09. The stock has a fifty day simple moving average of $240.96 and a two-hundred day simple moving average of $233.01.
Analog Devices Dividend Announcement
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Tuesday, September 2nd. This represents a $3.96 dividend on an annualized basis and a yield of 1.6%. Analog Devices’s dividend payout ratio (DPR) is presently 101.02%.
Insider Buying and Selling at Analog Devices
In other Analog Devices news, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction that occurred on Tuesday, November 4th. The shares were sold at an average price of $230.21, for a total transaction of $719,406.25. Following the completion of the sale, the director directly owned 142,571 shares in the company, valued at approximately $32,821,269.91. The trade was a 2.14% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Katsufumi Nakamura sold 2,490 shares of the stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $248.03, for a total value of $617,594.70. Following the sale, the senior vice president directly owned 13,549 shares in the company, valued at $3,360,558.47. This represents a 15.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders sold 62,240 shares of company stock valued at $15,301,891. Corporate insiders own 0.33% of the company’s stock.
Analysts Set New Price Targets
A number of brokerages have issued reports on ADI. Morgan Stanley upped their price objective on Analog Devices from $273.00 to $288.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. KeyCorp upped their target price on shares of Analog Devices from $300.00 to $310.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. Cantor Fitzgerald lifted their price target on Analog Devices from $270.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 30th. Stifel Nicolaus raised their price target on Analog Devices from $248.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. Finally, Evercore ISI increased their target price on Analog Devices from $280.00 to $303.00 and gave the stock an “outperform” rating in a research report on Thursday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $277.89.
View Our Latest Stock Report on Analog Devices
Analog Devices Profile
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.
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