Generali Investments Towarzystwo Funduszy Inwestycyjnych Decreases Position in Analog Devices, Inc. $ADI

Generali Investments Towarzystwo Funduszy Inwestycyjnych trimmed its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 8.2% during the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 27,811 shares of the semiconductor company’s stock after selling 2,500 shares during the quarter. Analog Devices makes up about 3.6% of Generali Investments Towarzystwo Funduszy Inwestycyjnych’s investment portfolio, making the stock its 4th biggest position. Generali Investments Towarzystwo Funduszy Inwestycyjnych’s holdings in Analog Devices were worth $6,833,000 at the end of the most recent reporting period.

Other institutional investors also recently modified their holdings of the company. Howard Hughes Medical Institute bought a new stake in Analog Devices during the 2nd quarter worth approximately $25,000. RMG Wealth Management LLC acquired a new position in Analog Devices in the second quarter worth $26,000. Clayton Financial Group LLC bought a new stake in shares of Analog Devices during the third quarter worth $31,000. Sound Income Strategies LLC increased its stake in shares of Analog Devices by 141.8% in the third quarter. Sound Income Strategies LLC now owns 162 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 95 shares in the last quarter. Finally, Access Investment Management LLC acquired a new stake in shares of Analog Devices in the second quarter valued at $45,000. Institutional investors own 86.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ADI. Wells Fargo & Company set a $340.00 price objective on shares of Analog Devices and gave the stock an “overweight” rating in a report on Thursday, January 15th. Bank of America upped their target price on shares of Analog Devices from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. Oppenheimer raised their price target on shares of Analog Devices from $265.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, January 16th. KeyCorp boosted their price objective on shares of Analog Devices from $330.00 to $375.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 13th. Finally, Sanford C. Bernstein reiterated a “market perform” rating and issued a $270.00 price objective on shares of Analog Devices in a research report on Wednesday, November 26th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $312.04.

Insider Activity at Analog Devices

In related news, SVP Katsufumi Nakamura sold 500 shares of the business’s stock in a transaction that occurred on Friday, January 9th. The shares were sold at an average price of $301.46, for a total transaction of $150,730.00. Following the completion of the transaction, the senior vice president owned 12,710 shares in the company, valued at approximately $3,831,556.60. The trade was a 3.79% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ray Stata sold 3,125 shares of the stock in a transaction on Tuesday, November 4th. The stock was sold at an average price of $230.21, for a total transaction of $719,406.25. Following the completion of the sale, the director owned 142,571 shares in the company, valued at approximately $32,821,269.91. This trade represents a 2.14% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 53,544 shares of company stock worth $14,328,561. 0.33% of the stock is owned by company insiders.

Analog Devices Price Performance

Shares of ADI stock opened at $304.01 on Tuesday. The firm’s 50 day moving average price is $277.45 and its two-hundred day moving average price is $252.57. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.68 and a current ratio of 2.19. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $313.54. The stock has a market cap of $148.86 billion, a PE ratio of 66.67, a PEG ratio of 1.65 and a beta of 1.03.

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

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Monday, December 8th were issued a dividend of $0.99 per share. The ex-dividend date was Monday, December 8th. This represents a $3.96 dividend on an annualized basis and a yield of 1.3%. Analog Devices’s dividend payout ratio (DPR) is 86.84%.

About Analog Devices

Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.