Financiere des Professionnels Fonds d investissement inc. Buys 4,370 Shares of Analog Devices, Inc. $ADI

Financiere des Professionnels Fonds d investissement inc. raised its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 22.9% during the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,433 shares of the semiconductor company’s stock after purchasing an additional 4,370 shares during the period. Financiere des Professionnels Fonds d investissement inc.’s holdings in Analog Devices were worth $5,757,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also modified their holdings of the company. Howard Hughes Medical Institute bought a new stake in Analog Devices in the second quarter worth $25,000. RMG Wealth Management LLC bought a new position in Analog Devices during the second quarter valued at $26,000. Clayton Financial Group LLC purchased a new stake in shares of Analog Devices in the third quarter valued at $31,000. Sound Income Strategies LLC lifted its holdings in shares of Analog Devices by 141.8% in the 3rd quarter. Sound Income Strategies LLC now owns 162 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 95 shares during the last quarter. Finally, Nova Wealth Management Inc. purchased a new position in shares of Analog Devices during the 1st quarter worth about $42,000. 86.81% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

ADI has been the topic of a number of recent analyst reports. Zacks Research raised shares of Analog Devices from a “hold” rating to a “strong-buy” rating in a research report on Thursday. The Goldman Sachs Group reiterated a “buy” rating and issued a $300.00 price target on shares of Analog Devices in a report on Tuesday, November 25th. Morgan Stanley raised their price target on Analog Devices from $288.00 to $293.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 26th. Weiss Ratings reaffirmed a “buy (b-)” rating on shares of Analog Devices in a research report on Monday. Finally, Evercore ISI cut their price target on shares of Analog Devices from $303.00 to $282.00 and set an “outperform” rating on the stock in a report on Tuesday, November 25th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and seven have assigned a Hold rating to the stock. Based on data from MarketBeat, Analog Devices has an average rating of “Moderate Buy” and an average target price of $287.22.

Analog Devices Stock Up 0.9%

NASDAQ:ADI opened at $273.74 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.19 and a quick ratio of 1.68. The firm has a market cap of $134.04 billion, a PE ratio of 60.03, a price-to-earnings-growth ratio of 1.50 and a beta of 1.03. The company has a 50-day moving average of $257.07 and a 200 day moving average of $245.65. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $284.23.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 EPS for the quarter, beating the consensus estimate of $2.22 by $0.04. Analog Devices had a net margin of 20.58% and a return on equity of 11.23%. The business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same quarter in the previous year, the business posted $1.67 EPS. The company’s quarterly revenue was up 25.9% compared to the same quarter last year. As a group, research analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Monday, December 8th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 1.4%. The ex-dividend date was Monday, December 8th. Analog Devices’s payout ratio is 86.84%.

Insider Activity at Analog Devices

In other Analog Devices news, Director Edward H. Frank sold 1,000 shares of the company’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $242.74, for a total transaction of $242,740.00. Following the transaction, the director owned 5,118 shares in the company, valued at approximately $1,242,343.32. This represents a 16.35% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, SVP Martin Cotter sold 5,000 shares of the firm’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $271.19, for a total value of $1,355,950.00. Following the completion of the transaction, the senior vice president owned 59,664 shares of the company’s stock, valued at $16,180,280.16. This trade represents a 7.73% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 30,419 shares of company stock valued at $7,811,917 over the last three months. Company insiders own 0.33% of the company’s stock.

Analog Devices Company 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.