7,500 Shares in Analog Devices, Inc. (NASDAQ:ADI) Bought by Susquehanna Fundamental Investments LLC
Susquehanna Fundamental Investments LLC acquired 7,500 shares of Analog Devices, Inc. (NASDAQ: ADI) in the first quarter. The institutional investor's position is valued at approximately $1,483,000. Additionally, several research analysts have given the stock a "buy" rating. Insiders have also been selling shares of the company. ADI's stock price reached $238.56 during midday trading on Friday.
Susquehanna Fundamental Investments LLC acquired a new position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) in the first quarter, according to its most recent 13F filing with the SEC. The institutional investor acquired 7,500 shares of the semiconductor company's stock, valued at approximately $1,483,000.
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A number of other institutional investors have also recently added to or reduced their stakes in the stock. Anchor Investment Management LLC bought a new position in shares of Analog Devices in the fourth quarter worth $392,000. Exchange Traded Concepts LLC grew its stake in shares of Analog Devices by 38.5% in the fourth quarter. Exchange Traded Concepts LLC now owns 13,990 shares of the semiconductor company's stock worth $2,778,000 after purchasing an additional 3,887 shares in the last quarter. Montecito Bank & Trust grew its stake in shares of Analog Devices by 5.4% in the fourth quarter. Montecito Bank & Trust now owns 1,862 shares of the semiconductor company's stock worth $370,000 after purchasing an additional 95 shares in the last quarter. Renaissance Investment Group LLC bought a new position in shares of Analog Devices in the fourth quarter worth $274,000. Finally, Wedmont Private Capital grew its stake in shares of Analog Devices by 6.8% in the fourth quarter. Wedmont Private Capital now owns 3,404 shares of the semiconductor company's stock worth $643,000 after purchasing an additional 216 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors.
Analyst Ratings Changes
Several research analysts recently weighed in on the company. Truist Financial raised their target price on Analog Devices from $222.00 to $275.00 and gave the company a "buy" rating in a research note on Thursday, May 23rd. Bank of America raised their target price on Analog Devices from $225.00 to $260.00 and gave the company a "buy" rating in a research note on Thursday, May 23rd. Cantor Fitzgerald raised their target price on Analog Devices from $205.00 to $240.00 and gave the company a "neutral" rating in a research note on Wednesday, May 15th. The Goldman Sachs Group upped their target price on Analog Devices from $205.00 to $252.00 and gave the company a "buy" rating in a report on Thursday, May 23rd. Finally, Evercore ISI began coverage on Analog Devices in a report on Tuesday, April 16th. They set an "outperform" rating and a $254.00 target price for the company. Seven analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and an average target price of $243.23.
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Read Our Latest Research Report on Analog Devices
Insider Buying and Selling
In related news, CAO Michael Sondel sold 4,830 shares of the firm's stock in a transaction that occurred on Friday, May 24th. The stock was sold at an average price of $236.58, for a total transaction of $1,142,681.40. Following the completion of the transaction, the chief accounting officer now owns 10,547 shares in the company, valued at approximately $2,495,209.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In other Analog Devices news, CAO Michael Sondel sold 4,830 shares of Analog Devices stock in a transaction on Friday, May 24th. The stock was sold at an average price of $236.58, for a total value of $1,142,681.40. Following the completion of the transaction, the chief accounting officer now owns 10,547 shares in the company, valued at approximately $2,495,209.26. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $197.06, for a total value of $1,970,600.00. Following the completion of the transaction, the chief executive officer now owns 51,039 shares of the company's stock, valued at approximately $10,057,745.34. The disclosure for this sale can be found here. Insiders sold 46,642 shares of company stock worth $10,481,343 in the last 90 days. 0.31% of the stock is owned by company insiders.
Analog Devices Stock Performance
- This semiconductor stock could be the best value for your money
ADI traded up $4.82 during midday trading on Friday, reaching $238.56. The company's stock had a trading volume of 3,105,747 shares, compared to its average volume of 2,518,862. The stock has a market cap of $118.38 billion, a P/E ratio of 55.74, a PEG ratio of 4.02 and a beta of 1.08. The company has a fifty day simple moving average of $227.19 and a 200 day simple moving average of $205.15. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a twelve month low of $154.99 and a twelve month high of $242.16.
Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings data on Wednesday, May 22nd. The semiconductor company reported $1.40 EPS for the quarter, topping analysts' consensus estimates of $1.26 by $0.14. Analog Devices had a return on equity of 10.74% and a net margin of 20.45%. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter last year, the company earned $2.83 EPS. The company's quarterly revenue was down 33.8% on a year-over-year basis. Research analysts expect that Analog Devices, Inc. will post 6.24 earnings per share for the current year.
Analog Devices Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, June 4th were given a dividend of $0.92 per share. The ex-dividend date was Tuesday, June 4th. This represents a $3.68 annualized dividend and a dividend yield of 1.54%. Analog Devices's dividend payout ratio (DPR) is presently 85.98%.
Analog Devices Company Profile
(Free Report)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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