Analog Devices, Inc. (NASDAQ:ADI) Shares Acquired by NTV Asset Management LLC

NTV Asset Management LLC increased its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 5.0% in the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 1,669 shares of the semiconductor company’s stock after purchasing an additional 80 shares during the quarter. NTV Asset Management LLC’s holdings in Analog Devices were worth $331,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of ADI. Massachusetts Financial Services Co. MA boosted its position in shares of Analog Devices by 22.0% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 13,868,437 shares of the semiconductor company’s stock worth $2,428,225,000 after buying an additional 2,497,696 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Analog Devices by 7.5% in the third quarter. Invesco Ltd. now owns 10,003,284 shares of the semiconductor company’s stock valued at $1,751,475,000 after purchasing an additional 701,367 shares in the last quarter. Baillie Gifford & Co. grew its position in shares of Analog Devices by 11.7% in the fourth quarter. Baillie Gifford & Co. now owns 3,794,215 shares of the semiconductor company’s stock valued at $753,379,000 after purchasing an additional 397,753 shares during the last quarter. The Manufacturers Life Insurance Company increased its stake in shares of Analog Devices by 7.8% during the 3rd quarter. The Manufacturers Life Insurance Company now owns 3,119,239 shares of the semiconductor company’s stock worth $546,148,000 after purchasing an additional 225,048 shares in the last quarter. Finally, Van ECK Associates Corp raised its position in shares of Analog Devices by 14.2% during the 4th quarter. Van ECK Associates Corp now owns 2,890,824 shares of the semiconductor company’s stock worth $574,002,000 after purchasing an additional 358,697 shares during the last quarter. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Analog Devices

In other Analog Devices news, Director James Champy sold 1,228 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $197.64, for a total value of $242,701.92. Following the transaction, the director now owns 6,371 shares in the company, valued at approximately $1,259,164.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Analog Devices news, Director James Champy sold 1,228 shares of Analog Devices stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $197.64, for a total transaction of $242,701.92. Following the sale, the director now directly owns 6,371 shares in the company, valued at approximately $1,259,164.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction that occurred 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 directly owns 51,039 shares in the company, valued at $10,057,745.34. The disclosure for this sale can be found here. Over the last three months, insiders have sold 24,707 shares of company stock valued at $4,874,613. Corporate insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

Several research firms have weighed in on ADI. Evercore ISI assumed coverage on Analog Devices in a research report on Tuesday, April 16th. They set an “outperform” rating and a $254.00 price target for the company. Barclays boosted their target price on shares of Analog Devices from $180.00 to $185.00 and gave the company an “equal weight” rating in a research note on Tuesday, January 16th. Morgan Stanley reaffirmed an “overweight” rating and set a $212.00 price target on shares of Analog Devices in a research note on Thursday, April 11th. Truist Financial cut their price objective on shares of Analog Devices from $226.00 to $222.00 and set a “buy” rating for the company in a research report on Thursday, February 22nd. Finally, The Goldman Sachs Group lifted their target price on shares of Analog Devices from $191.00 to $205.00 and gave the stock a “buy” rating in a research note on Thursday, February 22nd. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $208.17.

Analog Devices Trading Up 1.6 %

Shares of ADI stock traded up $3.14 during mid-day trading on Friday, reaching $199.63. The company’s stock had a trading volume of 2,372,862 shares, compared to its average volume of 3,339,473. The company has a quick ratio of 0.98, a current ratio of 1.51 and a debt-to-equity ratio of 0.17. The firm has a market capitalization of $99.00 billion, a PE ratio of 35.71, a price-to-earnings-growth ratio of 5.01 and a beta of 1.14. The company’s 50 day simple moving average is $194.27 and its 200-day simple moving average is $188.38. Analog Devices, Inc. has a 12-month low of $154.99 and a 12-month high of $204.20.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, February 21st. The semiconductor company reported $1.73 EPS for the quarter, beating the consensus estimate of $1.71 by $0.02. Analog Devices had a return on equity of 12.76% and a net margin of 24.34%. The company had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the company posted $2.75 earnings per share. The firm’s revenue was down 22.7% compared to the same quarter last year. On average, research analysts predict that Analog Devices, Inc. will post 5.86 EPS for the current fiscal year.

Analog Devices Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th were paid a dividend of $0.92 per share. The ex-dividend date was Monday, March 4th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.84%. This is a positive change from Analog Devices’s previous quarterly dividend of $0.86. Analog Devices’s dividend payout ratio (DPR) is currently 65.83%.

About Analog Devices

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.