Analog Devices, Inc. (NASDAQ:ADI) Shares Acquired by Rehmann Capital Advisory Group

Rehmann Capital Advisory Group lifted its stake in shares of Analog Devices, Inc. (NASDAQ:ADIGet Rating) by 16.7% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 1,722 shares of the semiconductor company’s stock after buying an additional 247 shares during the quarter. Rehmann Capital Advisory Group’s holdings in Analog Devices were worth $284,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also made changes to their positions in ADI. Norges Bank acquired a new position in shares of Analog Devices during the fourth quarter worth about $1,092,374,000. Baillie Gifford & Co. grew its position in shares of Analog Devices by 473.2% during the first quarter. Baillie Gifford & Co. now owns 2,267,156 shares of the semiconductor company’s stock worth $374,488,000 after buying an additional 1,871,658 shares in the last quarter. Wellington Management Group LLP grew its position in shares of Analog Devices by 13.7% during the first quarter. Wellington Management Group LLP now owns 9,338,263 shares of the semiconductor company’s stock worth $1,542,495,000 after buying an additional 1,125,178 shares in the last quarter. Comgest Global Investors S.A.S. grew its position in shares of Analog Devices by 1,631.1% during the fourth quarter. Comgest Global Investors S.A.S. now owns 842,889 shares of the semiconductor company’s stock worth $148,155,000 after buying an additional 794,198 shares in the last quarter. Finally, Egerton Capital UK LLP boosted its holdings in Analog Devices by 19.7% in the first quarter. Egerton Capital UK LLP now owns 3,728,676 shares of the semiconductor company’s stock valued at $615,903,000 after purchasing an additional 614,177 shares in the last quarter. 85.22% of the stock is owned by institutional investors and hedge funds.

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 value of $2,318,820.00. Following the completion of the transaction, the senior vice president now owns 18,271 shares in the company, valued at $3,026,225.73. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, Director Tunc Doluca sold 2,400 shares of the firm’s 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 completion of the transaction, the director now owns 86,357 shares in the company, valued at $12,953,550. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Vivek Jain sold 14,000 shares of the firm’s stock in a transaction on Thursday, August 25th. The shares were sold at an average price of $165.63, for a total value of $2,318,820.00. Following the completion of the transaction, the senior vice president now owns 18,271 shares of the company’s stock, valued at approximately $3,026,225.73. The disclosure for this sale can be found here. Over the last quarter, insiders sold 51,700 shares of company stock worth $8,827,200. 0.91% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts recently issued reports on the company. Citigroup upped their price target on Analog Devices from $192.00 to $195.00 and gave the company a “buy” rating in a report on Thursday, August 18th. Needham & Company LLC downgraded Analog Devices from a “buy” rating to a “hold” rating in a report on Thursday, August 18th. Robert W. Baird reaffirmed an “outperform” rating and issued a $220.00 price target on shares of Analog Devices in a report on Friday, August 19th. Deutsche Bank Aktiengesellschaft upped their price target on Analog Devices from $165.00 to $170.00 and gave the company a “hold” rating in a report on Thursday, August 18th. Finally, The Goldman Sachs Group lowered their price target on Analog Devices from $185.00 to $167.00 in a report on Friday, July 15th. Six research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $196.61.

Analog Devices Price Performance

Analog Devices stock opened at $149.31 on Friday. Analog Devices, Inc. has a 12 month low of $138.50 and a 12 month high of $191.95. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.92 and a quick ratio of 1.43. The business has a 50 day simple moving average of $161.93 and a 200-day simple moving average of $158.73. The stock has a market capitalization of $76.80 billion, a PE ratio of 41.25, a price-to-earnings-growth ratio of 1.30 and a beta of 1.16.

Analog Devices (NASDAQ:ADIGet Rating) last released its quarterly earnings results on Wednesday, August 17th. The semiconductor company reported $2.52 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to analysts’ expectations of $3.06 billion. During the same quarter in the prior year, the business earned $1.72 earnings per share. The company’s quarterly revenue was up 76.8% compared to the same quarter last year. Equities analysts predict that Analog Devices, Inc. will post 9.42 earnings per share for the current year.

Analog Devices Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, September 8th. Shareholders of record on Tuesday, August 30th were given a $0.76 dividend. This represents a $3.04 annualized dividend and a yield of 2.04%. The ex-dividend date of this dividend was Monday, August 29th. Analog Devices’s payout ratio is 83.98%.

Analog Devices Company 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

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

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