Amundi Has $1.04 Billion Stock Holdings in Analog Devices, Inc. $ADI

Amundi boosted its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 10.3% during the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,292,827 shares of the semiconductor company’s stock after buying an additional 399,979 shares during the period. Amundi owned approximately 0.87% of Analog Devices worth $1,044,052,000 as of its most recent filing with the SEC.

Several other institutional investors have also added to or reduced their stakes in the stock. Brighton Jones LLC lifted its position in Analog Devices by 39.5% during the 4th quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company’s stock worth $397,000 after buying an additional 529 shares in the last quarter. New Age Alpha Advisors LLC acquired a new position in Analog Devices during the first quarter worth $935,000. Exencial Wealth Advisors LLC raised its holdings in shares of Analog Devices by 2.3% in the 1st quarter. Exencial Wealth Advisors LLC now owns 4,981 shares of the semiconductor company’s stock valued at $1,004,000 after purchasing an additional 113 shares during the period. Hemington Wealth Management lifted its stake in Analog Devices by 11.4% in the 1st quarter. Hemington Wealth Management now owns 538 shares of the semiconductor company’s stock valued at $108,000 after purchasing an additional 55 shares during the last quarter. Finally, Citizens Financial Group Inc. RI grew its holdings in Analog Devices by 31.0% during the first quarter. Citizens Financial Group Inc. RI now owns 4,583 shares of the semiconductor company’s stock worth $924,000 after purchasing an additional 1,085 shares during the period. 86.81% of the stock is owned by institutional investors.

Analog Devices Stock Down 0.4%

Shares of NASDAQ ADI opened at $277.26 on Friday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.19 and a quick ratio of 1.68. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $279.55. The stock has a market capitalization of $135.76 billion, a PE ratio of 60.80, a P/E/G ratio of 1.55 and a beta of 1.04. The business’s fifty day moving average price is $241.74 and its 200-day moving average price is $237.51.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Tuesday, November 25th. The semiconductor company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.04. Analog Devices had a net margin of 20.58% and a return on equity of 11.23%. The company had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same period last year, the business earned $1.67 earnings per share. Analog Devices’s revenue was up 25.9% compared to the same quarter last year. On average, equities research analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Monday, December 22nd. Shareholders of record on Monday, December 8th will be given 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 payout ratio is presently 86.84%.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ADI shares. Cfra reaffirmed a “buy” rating and issued a $280.00 price objective on shares of Analog Devices in a report on Tuesday, November 25th. Needham & Company LLC reaffirmed a “hold” rating on shares of Analog Devices in a research report on Thursday, August 21st. Barclays increased their price objective on shares of Analog Devices from $185.00 to $240.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 21st. BNP Paribas Exane assumed coverage on shares of Analog Devices in a research note on Tuesday, November 4th. They issued an “outperform” rating and a $300.00 price objective on the stock. Finally, BNP Paribas started coverage on Analog Devices in a research note on Tuesday, November 4th. They issued an “outperform” rating and a $300.00 price target on the stock. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $281.87.

Insider Activity

In other news, Director Ray Stata sold 3,125 shares of the stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $230.21, for a total value of $719,406.25. Following the completion of the transaction, the director owned 142,571 shares of the company’s stock, valued at approximately $32,821,269.91. This represents a 2.14% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edward H. Frank sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The shares were sold at an average price of $242.74, for a total value of $242,740.00. Following the completion of the transaction, the director owned 5,118 shares of the company’s stock, valued at approximately $1,242,343.32. The trade was a 16.35% decrease in their position. The SEC filing for this sale provides additional information. Over the last ninety days, insiders sold 27,250 shares of company stock valued at $6,520,371. Insiders own 0.33% of the company’s stock.

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.