Johnson Investment Counsel Inc. Has $105.60 Million Stock Holdings in Analog Devices, Inc. $ADI

Johnson Investment Counsel Inc. raised its stake in Analog Devices, Inc. (NASDAQ:ADI) by 0.5% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 429,780 shares of the semiconductor company’s stock after buying an additional 2,219 shares during the period. Johnson Investment Counsel Inc. owned 0.09% of Analog Devices worth $105,597,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Norges Bank bought a new stake in Analog Devices during the 2nd quarter worth $1,803,377,000. Marshall Wace LLP boosted its stake in shares of Analog Devices by 948.2% during the second quarter. Marshall Wace LLP now owns 1,085,990 shares of the semiconductor company’s stock valued at $258,487,000 after purchasing an additional 982,385 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its holdings in shares of Analog Devices by 47.4% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,745,985 shares of the semiconductor company’s stock worth $653,599,000 after purchasing an additional 882,909 shares during the last quarter. Vanguard Group Inc. increased its stake in shares of Analog Devices by 1.5% in the second quarter. Vanguard Group Inc. now owns 50,227,231 shares of the semiconductor company’s stock valued at $11,955,086,000 after buying an additional 761,861 shares during the period. Finally, SG Americas Securities LLC raised its holdings in Analog Devices by 684.6% in the 3rd quarter. SG Americas Securities LLC now owns 862,314 shares of the semiconductor company’s stock valued at $211,871,000 after buying an additional 752,411 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $306.92, for a total value of $3,069,200.00. Following the completion of the sale, the chief executive officer directly owned 155,688 shares in the company, valued at $47,783,760.96. This trade represents a 6.04% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, SVP Martin Cotter sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, January 5th. The stock was sold at an average price of $278.44, for a total value of $2,784,400.00. Following the transaction, the senior vice president directly owned 49,664 shares in the company, valued at approximately $13,828,444.16. This trade represents a 16.76% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last three months, insiders sold 53,544 shares of company stock valued at $15,320,417. 0.36% of the stock is currently owned by corporate insiders.

Analog Devices Stock Up 0.8%

Shares of Analog Devices stock opened at $322.96 on Tuesday. The stock’s 50-day moving average is $291.57 and its 200 day moving average is $258.09. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $327.74. The firm has a market cap of $157.81 billion, a price-to-earnings ratio of 70.82, a PEG ratio of 1.74 and a beta of 1.03. 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 issued its quarterly earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.22 by $0.04. The firm had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.02 billion. Analog Devices had a return on equity of 11.23% and a net margin of 20.58%.The company’s revenue was up 25.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.67 earnings per share. Equities research analysts anticipate 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. Investors of record on Monday, December 8th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Monday, December 8th. This represents a $3.96 annualized dividend and a yield of 1.2%. Analog Devices’s dividend payout ratio is currently 86.84%.

Analyst Ratings Changes

ADI has been the topic of a number of research reports. Truist Financial boosted their target price on shares of Analog Devices from $258.00 to $291.00 and gave the stock a “hold” rating in a report on Friday, December 19th. The Goldman Sachs Group restated a “buy” rating and issued a $300.00 price objective on shares of Analog Devices in a report on Tuesday, November 25th. BNP Paribas Exane started coverage on Analog Devices in a research report on Tuesday, November 4th. They set an “outperform” rating and a $300.00 target price for the company. Robert W. Baird upped their price target on Analog Devices from $250.00 to $275.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Finally, Bank of America raised their price objective on Analog Devices from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, Analog Devices has an average rating of “Moderate Buy” and a consensus target price of $314.22.

Analog Devices Company 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.