Siemens Fonds Invest GmbH Has $4.61 Million Stock Position in Analog Devices, Inc. (NASDAQ:ADI)

Siemens Fonds Invest GmbH decreased its stake in shares of Analog Devices, Inc. (NASDAQ:ADIGet Rating) by 0.7% during the 1st quarter, Holdings Channel reports. The institutional investor owned 27,922 shares of the semiconductor company’s stock after selling 207 shares during the period. Siemens Fonds Invest GmbH’s holdings in Analog Devices were worth $4,612,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Blossom Wealth Management raised its holdings in Analog Devices by 4.8% during the 1st quarter. Blossom Wealth Management now owns 1,424 shares of the semiconductor company’s stock worth $235,000 after purchasing an additional 65 shares during the last quarter. American National Bank increased its stake in shares of Analog Devices by 10.9% in the 1st quarter. American National Bank now owns 682 shares of the semiconductor company’s stock valued at $113,000 after acquiring an additional 67 shares during the last quarter. Mission Wealth Management LP increased its stake in shares of Analog Devices by 3.1% in the 4th quarter. Mission Wealth Management LP now owns 2,395 shares of the semiconductor company’s stock valued at $421,000 after acquiring an additional 73 shares during the last quarter. Catalyst Capital Advisors LLC increased its stake in shares of Analog Devices by 24.9% in the 1st quarter. Catalyst Capital Advisors LLC now owns 371 shares of the semiconductor company’s stock valued at $61,000 after acquiring an additional 74 shares during the last quarter. Finally, OPSEU Pension Plan Trust Fund increased its stake in shares of Analog Devices by 2.9% in the 1st quarter. OPSEU Pension Plan Trust Fund now owns 2,701 shares of the semiconductor company’s stock valued at $451,000 after acquiring an additional 76 shares during the last quarter. 85.22% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of analysts have recently commented on the company. Needham & Company LLC cut Analog Devices from a “buy” rating to a “hold” rating in a research note on Thursday, August 18th. The Goldman Sachs Group decreased their price objective on Analog Devices from $185.00 to $167.00 in a research report on Friday, July 15th. Sanford C. Bernstein boosted their price objective on Analog Devices to $200.00 and gave the company an “outperform” rating in a research report on Thursday, May 19th. UBS Group decreased their price objective on Analog Devices to $210.00 and set a “hold” rating for the company in a research report on Thursday, May 19th. Finally, Piper Sandler decreased their price objective on Analog Devices from $210.00 to $190.00 and set an “overweight” rating for the company in a research report on Thursday, August 18th. Six research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the stock. According to data from MarketBeat.com, Analog Devices has a consensus rating of “Moderate Buy” and an average price target of $196.61.

Insiders Place Their Bets

In other Analog Devices news, SVP Vivek Jain sold 14,000 shares of the stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $165.63, for a total transaction of $2,318,820.00. Following the transaction, the senior vice president now owns 18,271 shares in the company, valued at approximately $3,026,225.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Analog Devices news, SVP Vivek Jain sold 14,000 shares of the stock in a transaction on Thursday, August 25th. The stock was sold at an average price of $165.63, for a total transaction of $2,318,820.00. Following the transaction, the senior vice president now owns 18,271 shares in the company, valued at approximately $3,026,225.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Tunc Doluca sold 2,400 shares of the stock in a transaction on Friday, July 8th. The stock was sold at an average price of $150.00, for a total value of $360,000.00. Following the transaction, the director now owns 86,357 shares in the company, valued at approximately $12,953,550. The disclosure for this sale can be found here. Insiders have sold 51,700 shares of company stock worth $8,827,200 in the last 90 days. Company insiders own 0.91% of the company’s stock.

Analog Devices Trading Up 1.3 %

NASDAQ ADI opened at $154.18 on Friday. The company has a market cap of $79.30 billion, a PE ratio of 42.59, a PEG ratio of 1.31 and a beta of 1.16. The company has a current ratio of 1.92, a quick ratio of 1.43 and a debt-to-equity ratio of 0.17. Analog Devices, Inc. has a 12 month low of $138.50 and a 12 month high of $191.95. The stock has a 50 day moving average of $161.47 and a 200-day moving average of $158.99.

Analog Devices (NASDAQ:ADIGet Rating) last posted its quarterly earnings results on Wednesday, August 17th. The semiconductor company reported $2.52 earnings per share for the quarter, beating analysts’ consensus estimates of $2.43 by $0.09. Analog Devices had a return on equity of 11.92% and a net margin of 17.00%. The business had revenue of $3.11 billion for the quarter, compared to analysts’ expectations of $3.06 billion. During the same quarter in the prior year, the business earned $1.72 EPS. The firm’s revenue for the quarter was up 76.8% on a year-over-year basis. On average, equities research analysts anticipate that Analog Devices, Inc. will post 9.42 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, September 8th. Shareholders of record on Tuesday, August 30th were given a dividend of $0.76 per share. This represents a $3.04 annualized dividend and a yield of 1.97%. The ex-dividend date was Monday, August 29th. Analog Devices’s payout ratio is 83.98%.

Analog Devices Profile

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Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. 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 high-end consumer markets; and power ICs include performance, integration, and software design simulation tools for accurate power supply designs.

See Also

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Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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