Analog Devices, Inc. Stock (NASDAQ:ADI) purchased by DA Davidson & CO.

DA Davidson & CO., according to its most recent Form 13F filing with the Securities and Exchange Commission. increased its shares in Analog Devices, Inc. (NASDAQ:ADI – Free Report) up 2.2% in the fourth quarter. The fund owned 6,860 shares of the semiconductor company after acquiring an additional 146 shares during the quarter. At the end of the last quarter, the shares of DA Davidson & CO. at Analog Devices were worth $1,362,000.

Several other hedge funds and other institutional investors have also recently increased or decreased their holdings in ADI. In the fourth quarter, Pinnacle Bancorp Inc. increased its shares in Analog Devices by 101.6%. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 65 shares in the last quarter. USA Financial Formulas increased its holdings in 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 acquired a new stake in shares of Analog Devices during the third quarter valued at $29,000. Cetera Trust Company NA acquired a new stake in shares of Analog Devices during the 4th quarter valued at $29,000. Finally, Private Wealth Management Group LLC acquired a new stake in shares of Analog Devices during the fourth quarter worth $29,000. Institutional investors and hedge funds hold 86.81% of the company’s shares.

Analysts set new price targets

A number of brokerage houses have recently commented on ADI. Robert W. Baird raised their price target on Analog Devices from $200.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday. Truist Financial raised their price target on Analog Devices from $222.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday. Sanford C. Bernstein raised their price target on Analog Devices from $200.00 to $220.00 and gave the company a “market perform” rating in a research note on Thursday. Citigroup raised their price target on Analog Devices from $220.00 to $250.00 and gave the company a “buy” rating in a research note on Thursday. Finally, in a research note on Thursday, Needham & Company LLC reaffirmed a “hold” rating on shares of Analog Devices. Seven equity analysts have rated the company with a hold rating and eighteen have given the company a buy rating. Based on data from MarketBeat, the company’s average rating is “Moderate Buy” and its average price target is $243.23.

Read our latest report on ADI

Analog device stocks fell 0.9%

Analog Devices shares closed at $232.51 on Monday. Analog Devices, Inc. it has a fifty-two week low of $154.99 and a fifty-two week high of $241.88. The company has a debt to equity ratio of 0.19, a quick ratio of 0.98 and a current ratio of 1.58. The company has a market capitalization of $115.38 billion, a P/E ratio of 54.32, a PEG ratio of 5.77 and a beta of 1.14. The stock has a 50-day simple moving average of $200.67 and a 200-day simple moving average of $193.84.

Analog Devices (NASDAQ:ADI – Get Free Report) last released its quarterly earnings results on Wednesday, May 22nd. The semiconductor company reported earnings per share (EPS) of $1.40 for the quarter, $0.14 above the consensus estimate of $1.26. The company’s revenue for the quarter was $2.16 billion, compared to analyst expectations of $2.11 billion. 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 down 33.8% year-over-year. During the same quarter last year, the company saw an EPS of $2.83. Stock research analysts expect Analog Devices, Inc. will see 6.16 earnings per share for the current year.

Analog Devices announces dividend

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 an annual dividend of $3.68 and a yield of 1.58%. The ex-dividend date of this dividend is Tuesday, June 4. Analog Devices’ dividend payout ratio (DPR) is currently 85.98%.

Confidential activity at Analog Devices

In other Analog Devices news, CEO James Champy sold 1,228 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $197.64, for a total transaction amount of $242,701.92. Following the transaction, the director now owns 6,371 shares of the company’s stock, valued at approximately $1,259,164.44. The transaction was disclosed in a document filed with the Securities and Exchange Commission, available on the SEC’s website. In other Analog Devices news, CEO James Champy sold 1,228 shares of the company’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $197.64, for a total transaction amount of $242,701.92. Following the transaction, the director now owns 6,371 shares of the company’s stock, valued at approximately $1,259,164.44. The transaction was disclosed in a document filed with the Securities and Exchange Commission, available on the SEC’s website. Additionally, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction that occurred on 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 approximately $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. Company insiders own 0.31% of the company’s shares.

Analog device 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.

Analysts set new price targets

Analog device stocks fell 0.9%

Analog Devices announces dividend

Confidential activity at Analog Devices

Analog device profile

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