Park National Corp OH decreased its stake in Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 2.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 188,935 shares of the semiconductor company’s stock after selling 5,631 shares during the period. Analog Devices accounts for 1.6% of Park National Corp OH’s portfolio, making the stock its 11th largest position. Park National Corp OH’s holdings in Analog Devices were worth $51,239,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Jones Financial Companies Lllp boosted its holdings in shares of Analog Devices by 12.9% during the third quarter. Jones Financial Companies Lllp now owns 169,572 shares of the semiconductor company’s stock valued at $41,907,000 after acquiring an additional 19,383 shares during the period. SG Americas Securities LLC increased its holdings in shares of Analog Devices by 684.6% in the 3rd quarter. SG Americas Securities LLC now owns 862,314 shares of the semiconductor company’s stock worth $211,871,000 after acquiring an additional 752,411 shares during the period. Voya Investment Management LLC lifted its position in Analog Devices by 22.3% in the 3rd quarter. Voya Investment Management LLC now owns 1,293,403 shares of the semiconductor company’s stock valued at $317,789,000 after purchasing an additional 236,211 shares during the last quarter. AE Wealth Management LLC boosted its stake in Analog Devices by 26.4% during the 3rd quarter. AE Wealth Management LLC now owns 43,932 shares of the semiconductor company’s stock valued at $10,795,000 after purchasing an additional 9,174 shares during the period. Finally, Ashton Thomas Private Wealth LLC boosted its stake in Analog Devices by 18.8% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 20,734 shares of the semiconductor company’s stock valued at $5,094,000 after purchasing an additional 3,286 shares during the period. Institutional investors and hedge funds own 86.81% of the company’s stock.
Analog Devices Price Performance
Shares of Analog Devices stock opened at $310.44 on Friday. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week high of $363.20. The company has a current ratio of 1.76, a quick ratio of 1.35 and a debt-to-equity ratio of 0.21. The stock has a market cap of $151.56 billion, a PE ratio of 56.75, a price-to-earnings-growth ratio of 1.42 and a beta of 1.00. The company’s 50-day moving average price is $322.05 and its two-hundred day moving average price is $276.80.
Analog Devices Increases Dividend
The firm also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Tuesday, March 3rd were issued a dividend of $1.10 per share. The ex-dividend date was Tuesday, March 3rd. This is a positive change from Analog Devices’s previous quarterly dividend of $0.99. This represents a $4.40 dividend on an annualized basis and a yield of 1.4%. Analog Devices’s payout ratio is 80.44%.
Insider Transactions at Analog Devices
In other Analog Devices news, SVP Katsufumi Nakamura sold 500 shares of the company’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $301.46, for a total value of $150,730.00. Following the transaction, the senior vice president owned 12,710 shares of the company’s stock, valued at approximately $3,831,556.60. This represents a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $306.92, for a total value of $3,069,200.00. Following the sale, the chief executive officer owned 155,688 shares of the company’s stock, valued at $47,783,760.96. This trade represents a 6.04% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 41,449 shares of company stock valued at $12,336,069 in the last 90 days. 0.36% of the stock is owned by corporate insiders.
Wall Street Analysts Forecast Growth
Several equities research analysts have commented on ADI shares. Jefferies Financial Group restated a “buy” rating and issued a $410.00 price target on shares of Analog Devices in a research note on Thursday, February 19th. Morgan Stanley reiterated an “overweight” rating and set a $373.00 price objective on shares of Analog Devices in a research report on Thursday, February 19th. Citigroup reissued a “buy” rating on shares of Analog Devices in a report on Thursday, February 19th. Wall Street Zen raised Analog Devices from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. Finally, Needham & Company LLC upgraded Analog Devices from a “hold” rating to a “buy” rating and set a $400.00 price target for the company in a research report on Thursday, February 19th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat, Analog Devices has a consensus rating of “Buy” and a consensus target price of $366.96.
View Our Latest Research Report on Analog Devices
Analog Devices Profile
Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.
The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.
Featured Articles
Want to see what other hedge funds are holding ADI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Analog Devices, Inc. (NASDAQ:ADI – Free Report).
Receive News & Ratings for Analog Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Analog Devices and related companies with MarketBeat.com's FREE daily email newsletter.
