National Pension Service Buys 24,392 Shares of Analog Devices, Inc. $ADI

National Pension Service raised its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 1.8% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,347,535 shares of the semiconductor company’s stock after purchasing an additional 24,392 shares during the quarter. National Pension Service owned approximately 0.27% of Analog Devices worth $331,089,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also recently modified their holdings of ADI. Welch & Forbes LLC boosted its stake in shares of Analog Devices by 0.8% during the 3rd quarter. Welch & Forbes LLC now owns 27,035 shares of the semiconductor company’s stock valued at $6,643,000 after purchasing an additional 222 shares in the last quarter. Twin City Private Wealth LLC lifted its holdings in Analog Devices by 7.4% in the third quarter. Twin City Private Wealth LLC now owns 3,518 shares of the semiconductor company’s stock worth $864,000 after buying an additional 241 shares during the period. Bryn Mawr Trust Advisors LLC boosted its position in Analog Devices by 1.0% during the 3rd quarter. Bryn Mawr Trust Advisors LLC now owns 40,058 shares of the semiconductor company’s stock valued at $9,842,000 after acquiring an additional 395 shares in the last quarter. AlphaQuest LLC bought a new stake in Analog Devices during the 3rd quarter valued at approximately $261,000. Finally, Town & Country Bank & Trust CO dba First Bankers Trust CO grew its holdings in shares of Analog Devices by 0.9% during the 3rd quarter. Town & Country Bank & Trust CO dba First Bankers Trust CO now owns 8,331 shares of the semiconductor company’s stock worth $2,047,000 after acquiring an additional 72 shares during the period. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analog Devices Price Performance

ADI opened at $310.88 on Friday. The firm has a market cap of $151.90 billion, a PE ratio of 68.18, a P/E/G ratio of 1.72 and a beta of 1.03. The stock has a 50-day moving average price of $284.07 and a 200-day moving average price of $254.36. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $319.26. 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 (NASDAQ:ADI) last released its quarterly earnings data 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. The business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.02 billion. Analog Devices had a net margin of 20.58% and a return on equity of 11.23%. Analog Devices’s revenue was up 25.9% compared to the same quarter last year. During the same period last year, the business earned $1.67 EPS. Sell-side analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Monday, December 8th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Monday, December 8th. Analog Devices’s payout ratio is presently 86.84%.

Wall Street Analysts Forecast Growth

A number of research analysts have recently commented on ADI shares. Piper Sandler set a $290.00 target price on Analog Devices in a research note on Tuesday, November 25th. Oppenheimer increased their price objective on Analog Devices from $265.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, January 16th. Zacks Research upgraded shares of Analog Devices from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. Robert W. Baird upped their target price on shares of Analog Devices from $250.00 to $275.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. Finally, Evercore ISI lowered their price target on shares of Analog Devices from $303.00 to $282.00 and set an “outperform” rating for the company in a research report on Tuesday, November 25th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have issued a Hold rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $312.04.

Insiders Place Their Bets

In other news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $275.07, for a total value of $2,750,700.00. Following the completion of the transaction, the chief executive officer owned 155,688 shares in the company, valued at $42,825,098.16. The trade was a 6.04% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, SVP Martin Cotter sold 10,000 shares of the stock in a transaction on Monday, January 5th. The shares were sold at an average price of $278.44, for a total value of $2,784,400.00. Following the sale, the senior vice president directly owned 49,664 shares in the company, valued at $13,828,444.16. This trade represents a 16.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 53,544 shares of company stock worth $14,328,561 in the last three months. Corporate insiders own 0.33% of the company’s stock.

Analog Devices Profile

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.