PKO Investment Management Joint Stock Co Has $2.46 Million Stock Holdings in Analog Devices, Inc. $ADI

PKO Investment Management Joint Stock Co decreased its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 28.6% during the 3rd quarter, according to the company in its most recent filing with the SEC. The fund owned 10,000 shares of the semiconductor company’s stock after selling 4,000 shares during the period. PKO Investment Management Joint Stock Co’s holdings in Analog Devices were worth $2,457,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Vanguard Group Inc. boosted its stake in Analog Devices by 1.5% in the second quarter. Vanguard Group Inc. now owns 50,227,231 shares of the semiconductor company’s stock valued at $11,955,086,000 after buying an additional 761,861 shares in the last quarter. State Street Corp raised its stake in Analog Devices by 2.2% during the second quarter. State Street Corp now owns 23,317,256 shares of the semiconductor company’s stock worth $5,549,973,000 after acquiring an additional 506,507 shares in the last quarter. Geode Capital Management LLC lifted its holdings in shares of Analog Devices by 5.7% in the second quarter. Geode Capital Management LLC now owns 11,687,660 shares of the semiconductor company’s stock worth $2,770,448,000 after acquiring an additional 633,425 shares during the last quarter. Norges Bank acquired a new stake in shares of Analog Devices in the 2nd quarter valued at approximately $1,803,377,000. Finally, Ameriprise Financial Inc. grew its holdings in shares of Analog Devices by 6.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,326,772 shares of the semiconductor company’s stock valued at $1,506,448,000 after purchasing an additional 375,207 shares during the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analog Devices Trading Down 2.3%

NASDAQ ADI opened at $293.86 on Tuesday. The firm has a market cap of $143.89 billion, a PE ratio of 64.44, a price-to-earnings-growth ratio of 1.66 and a beta of 1.03. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $303.20. The stock has a 50-day moving average of $263.85 and a 200-day moving average of $248.44. 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 return on equity of 11.23% and a net margin of 20.58%.The business had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same period last year, the company earned $1.67 EPS. Analog Devices’s revenue for the quarter was up 25.9% compared to the same quarter last year. As a group, sell-side analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Monday, December 8th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Monday, December 8th. This represents a $3.96 annualized dividend and a yield of 1.3%. Analog Devices’s dividend payout ratio is presently 86.84%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ADI shares. Cfra reissued a “buy” rating and set a $280.00 price objective on shares of Analog Devices in a report on Tuesday, November 25th. Piper Sandler set a $290.00 target price on shares of Analog Devices in a research note on Tuesday, November 25th. Evercore ISI cut their target price on Analog Devices from $303.00 to $282.00 and set an “outperform” rating on the stock in a report on Tuesday, November 25th. JPMorgan Chase & Co. raised their target price on Analog Devices from $310.00 to $320.00 and gave the company an “overweight” rating in a report on Wednesday, November 26th. Finally, Truist Financial lifted their price objective on shares of Analog Devices from $258.00 to $291.00 and gave the stock a “hold” rating in a research report on Friday, December 19th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $287.22.

Insiders Place Their Bets

In related news, SVP Martin Cotter sold 10,000 shares of the firm’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $278.44, for a total value of $2,784,400.00. Following the sale, the senior vice president directly owned 49,664 shares of the company’s stock, valued at $13,828,444.16. This trade represents a 16.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Katsufumi Nakamura sold 500 shares of the company’s stock in a transaction that occurred on Wednesday, January 7th. The shares were sold at an average price of $289.17, for a total value of $144,585.00. Following the transaction, the senior vice president directly owned 13,210 shares of the company’s stock, valued at $3,819,935.70. The trade was a 3.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 49,919 shares of company stock worth $13,248,862. 0.33% of the stock is currently owned by insiders.

About Analog Devices

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.