Triglav Investments D.O.O. Invests $983,000 in Analog Devices, Inc. $ADI

Triglav Investments D.O.O. acquired a new stake in Analog Devices, Inc. (NASDAQ:ADI) during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor acquired 4,000 shares of the semiconductor company’s stock, valued at approximately $983,000.

Other institutional investors have also recently added to or reduced their stakes in the company. Howard Hughes Medical Institute acquired a new position in shares of Analog Devices in the 2nd quarter valued at $25,000. RMG Wealth Management LLC acquired a new stake in Analog Devices during the 2nd quarter worth $26,000. Clayton Financial Group LLC purchased a new stake in Analog Devices in the third quarter valued at $31,000. Valley Wealth Managers Inc. acquired a new position in Analog Devices in the third quarter valued at $38,000. Finally, Sound Income Strategies LLC boosted its stake in 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 acquiring an additional 95 shares in the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analog Devices Stock Up 2.9%

Shares of Analog Devices stock opened at $320.44 on Thursday. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $323.09. The company has a market cap of $156.58 billion, a P/E ratio of 70.27, a PEG ratio of 1.69 and a beta of 1.03. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.68 and a current ratio of 2.19. The firm has a fifty day moving average of $288.06 and a two-hundred day moving average of $256.04.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.04. The business had revenue of $3.08 billion for 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%. The business’s revenue was up 25.9% compared to the same quarter last year. During the same period in the previous year, the business posted $1.67 earnings per share. On average, analysts forecast that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Stockholders of record on Monday, December 8th were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, December 8th. Analog Devices’s dividend payout ratio is 86.84%.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, CAO Michael Sondel sold 8,169 shares of the firm’s stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $278.03, for a total value of $2,271,227.07. Following the completion of the sale, the chief accounting officer owned 18,913 shares of the company’s stock, valued at approximately $5,258,381.39. This trade represents a 30.16% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ray Stata sold 3,125 shares of the business’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $279.39, for a total transaction of $873,093.75. Following the sale, the director owned 136,321 shares in the company, valued at $38,086,724.19. The trade was a 2.24% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last quarter, insiders sold 50,419 shares of company stock worth $14,328,855. 0.36% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently weighed in on ADI shares. Truist Financial boosted their target price on Analog Devices from $258.00 to $291.00 and gave the company a “hold” rating in a report on Friday, December 19th. Stifel Nicolaus lifted their price target on Analog Devices from $290.00 to $330.00 and gave the stock a “buy” rating in a research report on Friday, January 16th. Evercore ISI reduced their price objective on Analog Devices from $303.00 to $282.00 and set an “outperform” rating for the company in a research note on Tuesday, November 25th. Wells Fargo & Company set a $340.00 price objective on Analog Devices and gave the company an “overweight” rating in a report on Thursday, January 15th. Finally, Benchmark restated a “buy” rating and set a $285.00 target price on shares of Analog Devices in a research report on Wednesday, November 26th. Three 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, the company currently has a consensus rating of “Moderate Buy” and an average price target of $312.04.

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.