Analog Devices, Inc. (NASDAQ:ADI) Shares Acquired by Keybank National Association OH

Keybank National Association OH grew its position in Analog Devices, Inc. (NASDAQ:ADI) by 85.8% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,077 shares of the semiconductor company’s stock after acquiring an additional 12,505 shares during the period. Keybank National Association OH’s holdings in Analog Devices were worth $5,461,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Orion Capital Management LLC acquired a new position in Analog Devices during the 4th quarter worth approximately $27,000. Menard Financial Group LLC acquired a new position in Analog Devices during the fourth quarter worth $27,000. Alpine Bank Wealth Management purchased a new position in Analog Devices in the first quarter worth $27,000. Hopwood Financial Services Inc. acquired a new stake in Analog Devices in the fourth quarter valued at $30,000. Finally, Cassady Schiller Wealth Management LLC grew its stake in shares of Analog Devices by 63.2% during the 4th quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company’s stock worth $30,000 after purchasing an additional 55 shares during the period. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analog Devices Price Performance

ADI opened at $246.08 on Friday. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $247.10. The firm has a market cap of $122.12 billion, a price-to-earnings ratio of 67.05, a PEG ratio of 2.26 and a beta of 1.02. The company has a current ratio of 2.08, a quick ratio of 1.51 and a debt-to-equity ratio of 0.19. The company has a fifty day simple moving average of $220.07 and a 200 day simple moving average of $212.46.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share for the quarter, beating analysts’ consensus estimates of $1.70 by $0.15. Analog Devices had a net margin of 18.65% and a return on equity of 9.56%. The company had revenue of $2.64 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same period in the prior year, the company posted $1.40 EPS. The firm’s revenue for the quarter was up 22.3% on a year-over-year basis. Equities research analysts expect 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 was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were issued a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $3.96 annualized dividend and a yield of 1.61%. Analog Devices’s dividend payout ratio is presently 107.90%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ADI. Keefe, Bruyette & Woods upgraded shares of Analog Devices to an “outperform” rating in a research report on Wednesday, June 18th. Cfra Research downgraded Analog Devices from a “strong-buy” rating to a “moderate buy” rating in a research note on Thursday, May 22nd. Cantor Fitzgerald raised Analog Devices from a “neutral” rating to an “overweight” rating and upped their target price for the company from $250.00 to $270.00 in a research note on Wednesday, June 18th. Barclays boosted their price objective on shares of Analog Devices from $170.00 to $185.00 and gave the company an “equal weight” rating in a research report on Friday, May 23rd. Finally, Raymond James Financial upgraded shares of Analog Devices from a “moderate buy” rating to a “strong-buy” rating in a research report on Wednesday, June 18th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Analog Devices presently has a consensus rating of “Moderate Buy” and an average target price of $251.75.

Insiders Place Their Bets

In related news, Director Ray Stata sold 3,125 shares of the business’s stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $195.84, for a total value of $612,000.00. Following the completion of the sale, the director directly owned 180,071 shares of the company’s stock, valued at $35,265,104.64. The trade was a 1.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $196.84, for a total value of $1,968,400.00. Following the sale, the chief executive officer owned 142,996 shares in the company, valued at $28,147,332.64. The trade was a 6.54% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 16,250 shares of company stock worth $3,143,556 over the last quarter. 0.33% of the stock is currently owned by insiders.

Analog Devices Company 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.