Analog Devices, Inc. (NASDAQ:ADI) Shares Bought by First Bank & Trust

First Bank & Trust boosted its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 6.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 1,268 shares of the semiconductor company’s stock after buying an additional 73 shares during the quarter. First Bank & Trust’s holdings in Analog Devices were worth $251,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Mutual Advisors LLC lifted its holdings in shares of Analog Devices by 21.4% in the third quarter. Mutual Advisors LLC now owns 2,493 shares of the semiconductor company’s stock valued at $437,000 after purchasing an additional 440 shares in the last quarter. Ancora Advisors LLC lifted its holdings in shares of Analog Devices by 2.1% in the third quarter. Ancora Advisors LLC now owns 2,744 shares of the semiconductor company’s stock valued at $480,000 after purchasing an additional 57 shares in the last quarter. Gotham Asset Management LLC lifted its holdings in shares of Analog Devices by 41.2% in the third quarter. Gotham Asset Management LLC now owns 20,700 shares of the semiconductor company’s stock valued at $3,624,000 after purchasing an additional 6,038 shares in the last quarter. Schonfeld Strategic Advisors LLC lifted its holdings in shares of Analog Devices by 2.2% in the third quarter. Schonfeld Strategic Advisors LLC now owns 67,950 shares of the semiconductor company’s stock valued at $11,897,000 after purchasing an additional 1,490 shares in the last quarter. Finally, Dempze Nancy E lifted its holdings in shares of Analog Devices by 0.9% in the third quarter. Dempze Nancy E now owns 22,892 shares of the semiconductor company’s stock valued at $4,008,000 after purchasing an additional 213 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Analog Devices

In related news, EVP Vivek Jain sold 3,479 shares of the firm’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $197.56, for a total transaction of $687,311.24. Following the completion of the sale, the executive vice president now directly owns 5,745 shares of the company’s stock, valued at approximately $1,134,982.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other Analog Devices news, EVP Gregory M. Bryant sold 17,612 shares of the stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $233.94, for a total transaction of $4,120,151.28. Following the transaction, the executive vice president now directly owns 69,241 shares in the company, valued at approximately $16,198,239.54. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Vivek Jain sold 3,479 shares of the stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $197.56, for a total transaction of $687,311.24. Following the transaction, the executive vice president now owns 5,745 shares in the company, valued at $1,134,982.20. The disclosure for this sale can be found here. In the last three months, insiders sold 50,121 shares of company stock valued at $10,875,654. Corporate insiders own 0.31% of the company’s stock.

Analog Devices Price Performance

Analog Devices stock opened at $228.26 on Friday. Analog Devices, Inc. has a 52-week low of $154.99 and a 52-week high of $241.88. The firm has a fifty day moving average of $220.13 and a 200-day moving average of $202.65. The firm has a market capitalization of $113.27 billion, a P/E ratio of 53.33, a PEG ratio of 3.85 and a beta of 1.12. 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) last released its quarterly earnings data on Wednesday, May 22nd. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, topping the 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 had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same quarter in the prior year, the business earned $2.83 earnings per share. The business’s quarterly revenue was down 33.8% compared to the same quarter last year. As a group, analysts predict that Analog Devices, Inc. will post 6.24 EPS for the current year.

Analog Devices Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, June 4th were issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 1.61%. The ex-dividend date of this dividend was Tuesday, June 4th. Analog Devices’s payout ratio is 85.98%.

Analysts Set New Price Targets

Several analysts have issued reports on the stock. Stifel Nicolaus upped their price target on shares of Analog Devices from $220.00 to $240.00 and gave the company a “buy” rating in a report on Monday, May 20th. Truist Financial upped their price objective on shares of Analog Devices from $222.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. JPMorgan Chase & Co. upped their price objective on shares of Analog Devices from $220.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. Susquehanna upped their price objective on shares of Analog Devices from $230.00 to $280.00 and gave the company a “positive” rating in a research note on Thursday, May 23rd. Finally, Bank of America upped their price objective on shares of Analog Devices from $225.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Seven research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Analog Devices has a consensus rating of “Moderate Buy” and an average target price of $243.23.

Analog Devices Company Profile

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.