Analog Devices, Inc. Stock (NASDAQ:ADI) purchased by US Bancorp DE

According to the company’s latest filing with the SEC, US Bancorp DE increased its position in shares of Analog Devices, Inc. (NASDAQ:ADI – Free Report) up 2.1% in the fourth quarter. The company owned 508,183 shares of the semiconductor company’s stock after purchasing an additional 10,252 shares during the quarter. According to its most recent filing with the SEC, US Bancorp DE held a 0.10% stake in Analog Devices worth $100,905,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings in the company. In the fourth quarter, Pinnacle Bancorp Inc. increased its position in the analog devices segment by 101.6%. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 65 shares in the last quarter. USA Financial Formulas increased its position in shares of Analog Devices by 87.8% during the fourth quarter. USA Financial Formulas now owns 139 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 65 shares in the last quarter. Silver Oak Securities Incorporated purchased a new stake in shares of Analog Devices during the third quarter valued at $29,000. Cetera Trust Company NA acquired a new position in shares of Analog Devices during the 4th quarter worth $29,000. Finally, Private Wealth Management Group LLC purchased a new stake in shares of Analog Devices during the 4th quarter valued at $29,000. Institutional investors hold 86.81% of the company’s shares.

Buying and selling confidential information

In other Analog Devices news, VP Vivek Jain sold 3,479 shares of the company’s stock in a transaction dated 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 directly owns 5,745 shares of the company’s stock, valued at approximately $1,134,982.20. The transaction was disclosed in a filing with the SEC, available on the SEC’s website. In related news, VP Vivek Jain sold 3,479 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $197.56, for a total value of $687,311.24. Following the completion of the sale, the executive vice president now owns 5,745 shares of the company’s stock valued at $1,134,982.20. The transaction was disclosed in a filing with the Securities and Exchange Commission, which is available on the SEC’s website. Additionally, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $197.40, for a total value of $1,974,000.00. Following the transaction, the CEO now owns 51,039 shares of the company’s stock, valued at $10,075,098.60. The announcement of this sale can be found here. Insiders sold 24,707 shares of company stock worth $4,874,613 in the last quarter. Insiders own 0.31% of the company’s shares.

Changes in analyst ratings

Many stock analysts have recently commented on ADI stock. Goldman Sachs Group raised their price target on Analog Devices from $205.00 to $252.00 and gave the stock a “buy” rating in a research note on Thursday. KeyCorp raised their price target on shares of Analog Devices from $230.00 to $285.00 and gave the stock an “overweight” rating in a research report on Thursday. Sanford C. Bernstein raised their price target on shares of Analog Devices from $200.00 to $220.00 and gave the company a “market perform” rating in a research report on Thursday. Oppenheimer increased their price target on shares of Analog Devices from $215.00 to $245.00 and gave the stock an “outperform” rating in a research note on Thursday, May 16. Finally, Needham & Company LLC reissued a “hold” rating on shares of Analog Devices in a research note on Thursday. Seven investment analysts have rated the company with a hold rating and eighteen analysts have issued a buy rating to the company. Based on data from MarketBeat, Analog Devices currently has an average rating of Moderate Buy and a consensus price target of $239.42.

Read our latest analysis for analog devices

Price performance of analog devices

Analog Devices shares were up $0.54 on Friday, hitting $235.10. 1,130,204 shares of this stock were exchanged, with average volume of 3,348,037. The market capitalization of the company’s stock is $116.66 billion, P/E ratio is 54.80, P/E/G ratio is 6.03, and beta is 1.14. The company’s 50-day moving average is $199.92 and its two-hundred-day moving average is $193.03. The company has a debt to equity ratio of 0.19, a quick ratio of 0.98 and a current ratio of 1.58. Analog Devices, Inc. it has a 12 month low of $154.99 and a 12 month high of $241.88.

Analog Devices (NASDAQ:ADI – Get Free Report) last released its quarterly earnings results on Wednesday, May 22nd. The semiconductor company reported EPS of $1.40 for the quarter, $0.14 above analysts’ consensus estimates of $1.26. Analog Devices had a return on equity of 10.74% and a net margin of 20.45%. The company’s revenue for the quarter was $2.16 billion, compared to analyst estimates of $2.11 billion. During the same period last year, the company earned $2.83 EPS. Analog Devices’ revenue for the quarter was down 33.8% year-over-year. Stock research analysts expect Analog Devices, Inc. will report 5.86 EPS for the current financial year.

Dividend announcement for analog devices

Recently, the company also declared a quarterly dividend, which will be paid on Monday, June 17. Investors of record will receive a $0.92 dividend on Tuesday, June 4. This represents a dividend of $3.68 on an annualized basis and a dividend yield of 1.57%. The ex-dividend date is Tuesday, June 4. Analog Devices’ dividend payout ratio is currently 85.98%.

Analog devices company profile

(free report)

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

Further reading

Want to see what other hedge funds hold ADI? Visit HoldingsChannel.com for the latest 13F filings and insider transactions for Analog Devices, Inc. (NASDAQ:ADI – Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial team prior to publication. Please send any questions or comments about this story to [email protected].

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