Baird Financial Group Inc. Has $112.13 Million Holdings in Analog Devices, Inc. $ADI

Baird Financial Group Inc. grew its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 0.7% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 471,077 shares of the semiconductor company’s stock after purchasing an additional 3,108 shares during the quarter. Baird Financial Group Inc. owned approximately 0.09% of Analog Devices worth $112,126,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of ADI. Activest Wealth Management raised its position in shares of Analog Devices by 6,350.0% during the 1st quarter. Activest Wealth Management now owns 129 shares of the semiconductor company’s stock valued at $26,000 after acquiring an additional 127 shares during the last quarter. RMG Wealth Management LLC bought a new stake in Analog Devices in the second quarter valued at about $26,000. Saudi Central Bank bought a new stake in Analog Devices in the first quarter valued at about $39,000. Nova Wealth Management Inc. acquired a new position in Analog Devices in the first quarter valued at about $42,000. Finally, Access Investment Management LLC bought a new position in Analog Devices during the second quarter worth about $45,000. 86.81% of the stock is owned by institutional investors.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Monday, November 3rd. The shares were sold at an average price of $234.95, for a total value of $2,349,500.00. Following the sale, the chief executive officer directly owned 163,640 shares in the company, valued at approximately $38,447,218. The trade was a 5.76% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director Edward H. Frank sold 1,000 shares of the stock in a transaction dated Monday, October 6th. The stock was 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 of the company’s stock, valued at approximately $1,242,343.32. This represents a 16.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 39,750 shares of company stock worth $9,598,496. Company insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on ADI shares. BNP Paribas Exane assumed coverage on shares of Analog Devices in a research report on Tuesday, November 4th. They issued an “outperform” rating and a $300.00 price target on the stock. Bank of America upped their target price on shares of Analog Devices from $275.00 to $290.00 and gave the company a “buy” rating in a research note on Wednesday, November 26th. KeyCorp lifted their price target on shares of Analog Devices from $300.00 to $310.00 and gave the stock an “overweight” rating in a research report on Thursday, August 21st. The Goldman Sachs Group reissued a “buy” rating and issued a $300.00 price target on shares of Analog Devices in a report on Tuesday, November 25th. Finally, Robert W. Baird raised their price objective on Analog Devices from $250.00 to $275.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have issued a Hold rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $281.87.

Analog Devices Price Performance

ADI stock opened at $278.24 on Thursday. The stock has a 50-day moving average price of $241.14 and a two-hundred day moving average price of $237.24. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $278.78. The stock has a market cap of $136.24 billion, a PE ratio of 61.02, a price-to-earnings-growth ratio of 1.48 and a beta of 1.04. The company has a current ratio of 2.19, a quick ratio of 1.68 and a debt-to-equity ratio of 0.24.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share for the quarter, topping the consensus estimate of $2.22 by $0.04. The company had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.02 billion. Analog Devices had a return on equity of 11.23% and a net margin of 20.58%.Analog Devices’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.67 earnings per share. Equities analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 22nd. Stockholders of record on Monday, December 8th will be issued a $0.99 dividend. The ex-dividend date is Monday, December 8th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.4%. Analog Devices’s dividend payout ratio (DPR) is 86.84%.

Analog Devices 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.