Trust Co of the South invests $666,000 in Analog Devices, Inc. (NASDAQ:ADI)

Trust Co of the South has acquired new shares of Analog Devices, Inc., according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). (NASDAQ:ADI – Free Report) in the first quarter. An institutional investor bought 3,368 shares of the semiconductor company’s stock valued at approximately $666,000.

Other large investors have also recently bought and sold the company’s shares. Pinnacle Bancorp Inc. strengthened its position in the analog devices segment by 101.6% in the fourth quarter. 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 strengthened its position in the analog segment by 87.8% in the fourth quarter. USA Financial Formulas now owns 139 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 65 shares in the last quarter. Silver Oak Securities Incorporated bought a new stake in shares of Analog Devices during the third quarter worth approximately $29,000. Cetera Trust Company NA bought a new stake in shares of Analog Devices during the 4th quarter valued at approximately $29,000. Finally, Private Wealth Management Group LLC bought a new stake in shares of Analog Devices during the 4th quarter worth approximately $29,000. 86.81% of the shares are held by institutional investors and hedge funds.

Confidential activity at Analog Devices

So on Thursday, June 13, Executive Vice President Gregory M. Bryant sold 17,612 shares of the company’s stock. The shares were sold at an average price of $233.94, for a total transaction amount of $4,120,151.28. Following the sale, the executive vice president now 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 SEC, which is available at this hyperlink. So on Thursday, June 13, Executive Vice President Gregory M. Bryant sold 17,612 shares of the company’s stock. The shares were sold at an average price of $233.94, for a total transaction amount of $4,120,151.28. Following the completion of 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 sale was disclosed in a filing with the SEC, which can be accessed through the SEC’s website. Additionally, Vice President Vivek Jain sold 3,479 shares of the company’s stock on Thursday, April 4. The shares were sold at an average price of $197.56, for a total value of $687,311.24. Following the transaction, the executive vice president now directly 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 90 days, insiders have sold a total of 50,121 shares of company stock worth $10,875,654. 0.31% of the shares belong to corporate insiders.

Price performance of analog devices

On Friday, ADI shares rose $1.54 to $231.05. The company’s stock traded volume was 7,366,423 shares while its average trading volume was 3,373,503. The company’s 50-day simple moving average is $216.13 and its 200-day simple moving average is $201.03. The company’s market capitalization is $114.65 billion, price-to-earnings ratio is 53.98, PEG ratio is 3.97 and beta is 1.12. 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 quick 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 earnings results on Wednesday, May 22nd. The semiconductor company reported earnings per share 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 the consensus estimate of $2.11 billion. During the same quarter last year, the company saw an EPS of $2.83. The company’s revenues decreased by 33.8% compared to the same quarter last year. Sell-side analysts forecast that Analog Devices, Inc. will see 6.24 earnings per share for the current year.

Dividend announcement for analog devices

The company also recently disclosed 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 an annual dividend of $3.68 and a dividend yield of 1.59%. The dividend payment date was Tuesday, June 4. Analog Devices’ dividend payout ratio (DPR) is 85.98%.

Analysts set new price targets

Several analysts have published reports on ADI stock. Bank of America raised their target price on Analog Devices from $225.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Barclays increased their price target on Analog Devices from $185.00 to $210.00 and gave the stock an “equal weight” rating in a research note on Monday, May 20th. Susquehanna increased their price target on Analog Devices from $230.00 to $280.00 and gave the company a “positive” rating in a research note on Thursday, May 23rd. UBS Group increased 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. Finally, Oppenheimer increased their price target on Analog Devices from $215.00 to $245.00 and gave the stock an “outperform” rating in a research note on Thursday, May 16th. Seven analysts have rated the stock with a hold rating and eighteen analysts have issued a buy rating to the stock. Based on data from MarketBeat.com, Analog Devices currently has a consensus rating of Moderate Buy and a consensus price target of $243.23.

See our latest analysis for ADI

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.

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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).

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