Analog Devices, Inc. (NASDAQ:ADI) Shares Purchased by First Bank & Trust

First Bank & Trust increased its holdings in Analog Devices, Inc. stock, according to its latest Form 13F filing with the Securities and Exchange Commission. (NASDAQ:ADI – Free Report) up 6.1% in the first quarter. The company owned 1,268 shares of the semiconductor company’s stock after purchasing an additional 73 shares during the quarter. First Bank & Trust’s stake in Analog Devices was worth $251,000, according to its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also recently added to or reduced their holdings in the company. Mutual Advisors LLC increased its holdings in shares of Analog Devices by 21.4% in the third quarter. Mutual Advisors LLC now owns 2,493 shares of the semiconductor company’s stock worth $437,000 after purchasing an additional 440 shares in the last quarter. Ancora Advisors LLC increased its holdings in shares of Analog Devices by 2.1% in the third quarter. Ancora Advisors LLC now owns 2,744 shares of the semiconductor company’s stock worth $480,000 after purchasing an additional 57 shares in the last quarter. Gotham Asset Management LLC increased its holdings in shares of Analog Devices by 41.2% in the third quarter. Gotham Asset Management LLC now owns 20,700 shares of the semiconductor company’s stock worth $3,624,000 after purchasing an additional 6,038 shares in the last quarter. Schonfeld Strategic Advisors LLC increased its holdings in shares of Analog Devices by 2.2% during the third quarter. Schonfeld Strategic Advisors LLC now owns 67,950 shares of the semiconductor company’s stock worth $11,897,000 after purchasing an additional 1,490 shares during the last quarter. Finally, Dempze Nancy E increased her holdings in shares of Analog Devices by 0.9% during the third quarter. Dempze Nancy E now owns 22,892 shares of the semiconductor company’s stock worth $4,008,000 after purchasing an additional 213 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Analog Devices

In related news, VP Vivek Jain sold 3,479 shares of the company’s stock in a transaction on Thursday, April 4. The shares were sold at an average price of $197.56, for a total transaction amount of $687,311.24. Following the completion of the sale, the executive vice president now directly owns 5,745 shares of the company’s stock, valued at approximately $1,134,982.20. The transaction was disclosed in a document filed with the SEC, which is available on the SEC’s website. In other Analog Devices news, Executive Vice President Gregory M. Bryant sold 17,612 shares of the company’s stock on Thursday, June 13. The shares were sold at an average price of $233.94, for a total transaction amount of $4,120,151.28. Following the transaction, the executive vice president now directly owns 69,241 shares of the company’s stock, valued at approximately $16,198,239.54. The transaction was disclosed in a document filed with the Securities and Exchange Commission, which is available at this hyperlink. Additionally, Vice President Vivek Jain sold 3,479 shares of the company’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $197.56, for a total transaction amount of $687,311.24. Following the transaction, the executive vice president now owns 5,745 shares of the company’s stock valued at $1,134,982.20. The announcement of this sale can be found here. Over the last three months, insiders sold 50,121 shares of company stock worth $10,875,654. Corporate insiders own 0.31% of the company’s shares.

Analog devices Price Performance

Shares of Analog Devices opened at $228.26 on Friday. Analog Devices, Inc.’s 52-week low was $154.99 and its 52-week high was $241.88. The company has a 50-day moving average of $220.13 and a 200-day moving average of $202.65. The company has a market cap of $113.27 billion, a P/E ratio of 53.33, a PEG ratio of 3.85 and a beta of 1.12. The company has a current ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.19.

Analog Devices (NASDAQ:ADI – Get Free Report) last released its quarterly earnings data on Wednesday, May 22. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.14. Analog Devices had a net margin of 20.45% and a return on equity of 10.74%. The company had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same quarter last year, the company earned $2.83 earnings per share. The company’s quarterly revenue dropped 33.8% compared to the same quarter last year. Analysts are predicting that Analog Devices, Inc. will post 6.24 EPS for the current year.

Analog Devices Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 17. Record investors received a dividend of $0.92 per share on Tuesday, June 4. This represents a dividend of $3.68 on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend was Tuesday, June 4. Analog Devices’ payout ratio is 85.98%.

Analysts set new target prices

Several analysts have issued reports on the stock. Stifel Nicolaus raised their price target on shares of Analog Devices from $220.00 to $240.00 and gave the company a “buy” rating in a report on Monday, May 20. Truist Financial raised their price target on shares of Analog Devices from $222.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, May 23. JPMorgan Chase & Co. raised their price target on shares of Analog Devices from $220.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, May 23. Susquehanna raised their price target on shares of Analog Devices from $230.00 to $280.00 and gave the company a “positive” rating in a research note on Thursday, May 23. Finally, Bank of America raised their price target on shares of Analog Devices from $225.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, May 23. Seven research analysts have rated the stock a “hold” and eighteen have given the stock a buy rating. Based on data from MarketBeat, Analog Devices has a consensus rating of “Moderate Buy” and an average price target of $243.23.

See our latest analysis on ADI

Analog Devices company profile

(free report)

Analog Devices, Inc. designs, manufactures, tests, and sells integrated circuits (ICs), software, and subsystem products in the United States, the rest of North and South America, Europe, Japan, China, and the rest of Asia. The company provides data converter products that translate real-world analog signals into digital data, and that translate digital data into analog signals; power management and reference products for power conversion, controller monitoring, sequencing, and power management in automotive, communications, industrial, and consumer applications; and power supply ICs, which include performance simulation, integration, and software design tools for accurate power supply design.

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