Kentucky Teachers Retirement System sells 2,399 shares of Analog Devices, Inc. (NASDAQ:ADI)

The Kentucky Teachers’ Retirement System reduced its holdings in Analog Devices, Inc. stock. (NASDAQ:ADI – Free Report) up 5.2% in the fourth quarter, according to its latest 13F filing with the Securities and Exchange Commission (SEC). The fund owned 43,542 shares of the semiconductor company after selling 2,399 shares during the quarter. Kentucky Teachers’ Retirement System At the end of the most recent reporting period, the value of shares in Analog Devices companies was $8,646,000.

A number of other hedge funds and other institutional investors have also recently increased or decreased their holdings of the stock. Amarillo National Bank increased its holdings in Analog Devices by 3.7% during the fourth quarter. Amarillo National Bank now owns 1,511 shares of the semiconductor company’s stock valued at $300,000 after purchasing an additional 54 shares in the last quarter. Keystone Financial Services increased its position in shares of Analog Devices by 1.8% during the fourth quarter. After acquiring an additional 55 shares during the period, Keystone Financial Services now owns 3,136 shares of the semiconductor company’s stock valued at $623,000. Ancora Advisors LLC increased its position in shares of Analog Devices by 2.1% during the third quarter. Ancora Advisors LLC now owns 2,744 shares of the semiconductor company’s stock valued at $480,000 after acquiring an additional 57 shares during the period. Legacy Advisors LLC increased its holdings in shares of Analog Devices by 2.3% during the third quarter. Legacy Advisors LLC now owns 2,657 shares of the semiconductor company’s stock valued at $465,000 after acquiring an additional 59 shares in the last quarter. Finally, Wealth Alliance increased its position in the analog segment by 3.6% in the fourth quarter. Wealth Alliance now owns 1,769 shares of the semiconductor company’s stock valued at $351,000 after acquiring an additional 61 shares during the period. 86.81% of the shares are in the hands of institutional investors.

Analyst Upgrades and Downgrades

Many analysts have published reports on ADI stock. JPMorgan Chase & Co. increased their price target on shares of Analog Devices from $220.00 to $260.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23rd. UBS Group raised their price target on Analog Equipment from $225.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Truist Financial increased their price target on Analog Equipment from $222.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, May 23rd. Goldman Sachs Group increased their target price on Analog Devices from $205.00 to $252.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Finally, Stifel Nicolaus raised their target price on shares of Analog Devices from $220.00 to $240.00 and gave the stock a “buy” rating in a research report on Monday, May 20th. Seven analysts rated the company’s stock with a hold rating and eighteen analysts gave it a buy rating. Based on data from MarketBeat, the stock currently has a consensus rating of Moderate Buy and an average price target of $243.23.

Read our latest share analysis on ADI

Analog equipment inventory performance

ADI shares opened at $231.19 on Monday. The company has a market capitalization of $114.72 billion, a price-to-earnings ratio of 54.02, a PEG ratio of 3.90 and a beta of 1.12. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt to equity ratio of 0.19. The company’s 50-day moving average price is $212.62 and its 200-day moving average price is $199.54. 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 earnings results on Wednesday, May 22nd. The semiconductor company reported earnings per share of $1.40 for the quarter, missing the analyst 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’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 saw an EPS of $2.83. The company’s revenue for this quarter decreased by 33.8% compared to the same quarter last year. Stock research analysts predict that Analog Devices, Inc. it will record 6.24 EPS for the current year.

Dividend announcement for analog devices

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17. Investors of record will receive a dividend of $0.92 per share on Tuesday, June 4. This represents an annual dividend of $3.68 and a yield of 1.59%. The ex-dividend date of this dividend is Tuesday, June 4. Analog Devices’ dividend payout ratio is currently 85.98%.

Insiders place their bets

In related news, 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 sale, the CEO now directly owns 51,039 shares of the company’s stock, valued at $10,057,745.34. The sale was disclosed in a document filed with the Securities and Exchange Commission, which can be accessed through this hyperlink. 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 transaction amount of $687,311.24. Following the sale, the executive vice president now owns 5,745 shares of the company’s stock, valued at approximately $1,134,982.20. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC’s website. Additionally, CEO Vincent Roche sold 10,000 shares of Analog Devices 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 sale, the CEO now owns 51,039 shares of the company’s stock, valued at $10,057,745.34. The announcement of this sale can be found here. Over the last three months, insiders sold 51,349 shares of company stock worth $11,118,356. Currently, company insiders own 0.31% of the shares.

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

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