Montag A & Associates Inc. boosted its position in Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 17.0% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 46,329 shares of the semiconductor company’s stock after purchasing an additional 6,721 shares during the quarter. Montag A & Associates Inc.’s holdings in Analog Devices were worth $14,739,000 at the end of the most recent reporting period.
Other hedge funds have also bought and sold shares of the company. Vanguard Group Inc. increased its holdings in shares of Analog Devices by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 50,893,276 shares of the semiconductor company’s stock worth $13,802,256,000 after purchasing an additional 503,970 shares during the period. State Street Corp lifted its position in Analog Devices by 0.4% during the fourth quarter. State Street Corp now owns 23,487,584 shares of the semiconductor company’s stock worth $6,369,833,000 after purchasing an additional 88,538 shares during the period. Morgan Stanley increased its holdings in Analog Devices by 1.9% in the 4th quarter. Morgan Stanley now owns 10,450,624 shares of the semiconductor company’s stock valued at $2,834,210,000 after buying an additional 194,535 shares during the period. Bank of America Corp DE increased its stake in Analog Devices by 42.8% in the fourth quarter. Bank of America Corp DE now owns 9,715,095 shares of the semiconductor company’s stock valued at $2,634,734,000 after acquiring an additional 2,912,666 shares during the last quarter. Finally, Norges Bank acquired a new stake in shares of Analog Devices in the 4th quarter valued at $2,215,516,000. 86.81% of the stock is owned by institutional investors.
Analog Devices Price Performance
Shares of NASDAQ ADI opened at $379.03 on Wednesday. The firm has a market capitalization of $184.62 billion, a P/E ratio of 56.32, a P/E/G ratio of 1.09 and a beta of 1.18. The firm’s 50-day moving average price is $408.68 and its 200-day moving average price is $351.27. Analog Devices, Inc. has a 1-year low of $218.37 and a 1-year high of $445.91. The company has a current ratio of 1.75, a quick ratio of 1.34 and a debt-to-equity ratio of 0.21.
Analog Devices Dividend Announcement
The business also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were given a dividend of $1.10 per share. The ex-dividend date was Tuesday, June 2nd. This represents a $4.40 annualized dividend and a yield of 1.2%. Analog Devices’s payout ratio is presently 65.38%.
Insider Transactions at Analog Devices
In other news, SVP Martin Cotter sold 17,594 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $418.00, for a total value of $7,354,292.00. Following the completion of the sale, the senior vice president directly owned 56,332 shares in the company, valued at approximately $23,546,776. The trade was a 23.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director Karen Golz sold 1,000 shares of Analog Devices stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $411.95, for a total value of $411,950.00. Following the completion of the transaction, the director owned 12,019 shares in the company, valued at approximately $4,951,227.05. This represents a 7.68% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 101,442 shares of company stock valued at $41,139,054 over the last 90 days. Company insiders own 0.36% of the company’s stock.
Wall Street Analysts Forecast Growth
Several analysts recently weighed in on the company. Oppenheimer raised their price objective on Analog Devices from $400.00 to $450.00 and gave the company an “outperform” rating in a research note on Tuesday, May 12th. Bank of America boosted their price target on Analog Devices from $425.00 to $460.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. JPMorgan Chase & Co. boosted their target price on shares of Analog Devices from $400.00 to $450.00 and gave the stock an “overweight” rating in a report on Tuesday, May 26th. Argus set a $460.00 price target on shares of Analog Devices in a report on Tuesday, May 26th. Finally, The Goldman Sachs Group reaffirmed a “buy” rating and set a $450.00 target price on shares of Analog Devices in a report on Wednesday, May 20th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $439.79.
Check Out Our Latest Stock Report on ADI
Trending Headlines about Analog Devices
Here are the key news stories impacting Analog Devices this week:
- Positive Sentiment: Analog Devices completed its acquisition of Empower Semiconductor, strengthening its AI power portfolio and expanding its addressable market. Analog Devices Completes Acquisition of Empower Semiconductor
- Positive Sentiment: Recent analyst commentary remains constructive, with price-target increases tied to accelerating AI chip demand and ADI’s growth outlook. Analog Devices (ADI) Wins Higher Price Target as AI Chip Boom Accelerates
- Neutral Sentiment: ADI has been trading with the broader semiconductor group, so sector sentiment is influencing the stock as chip names rebound and retrace. Entegris and Analog Devices Shares Skyrocket, What You Need To Know
- Negative Sentiment: CEO Vincent Roche sold 10,000 shares, which may create some short-term investor caution despite the planned nature of the trade. Vincent Roche insider trade
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.
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