Arvest Bank Trust Division Increases Stock Holdings in Analog Devices, Inc. $ADI

Arvest Bank Trust Division boosted its stake in Analog Devices, Inc. (NASDAQ:ADI) by 88.8% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,192 shares of the semiconductor company’s stock after acquiring an additional 1,501 shares during the period. Arvest Bank Trust Division’s holdings in Analog Devices were worth $784,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in ADI. Howard Hughes Medical Institute purchased a new position in shares of Analog Devices during the second quarter valued at about $25,000. Clayton Financial Group LLC bought a new stake in Analog Devices during the 3rd quarter valued at approximately $31,000. LFA Lugano Financial Advisors SA grew its holdings in shares of Analog Devices by 92.9% during the 3rd quarter. LFA Lugano Financial Advisors SA now owns 135 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 65 shares during the period. Valley Wealth Managers Inc. bought a new position in shares of Analog Devices in the 3rd quarter worth approximately $38,000. Finally, Sound Income Strategies LLC lifted its stake in shares of Analog Devices by 141.8% in the 3rd quarter. Sound Income Strategies LLC now owns 162 shares of the semiconductor company’s stock valued at $39,000 after purchasing an additional 95 shares during the period. 86.81% of the stock is currently owned by institutional investors.

Analog Devices Stock Up 1.7%

ADI stock opened at $337.10 on Tuesday. The stock has a market capitalization of $164.72 billion, a P/E ratio of 73.93, a P/E/G ratio of 1.93 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, Inc. has a 1-year low of $158.65 and a 1-year high of $343.96. The business has a fifty day moving average price of $297.14 and a 200-day moving average price of $261.77.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Tuesday, November 25th. The semiconductor company reported $2.26 EPS for the quarter, topping the consensus estimate 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 during the quarter, compared to the consensus estimate of $3.02 billion. During the same period last year, the company earned $1.67 EPS. Analog Devices’s revenue for the quarter was up 25.9% on a year-over-year basis. Equities analysts forecast that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal 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 given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date of this dividend was Monday, December 8th. Analog Devices’s payout ratio is 86.84%.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ADI shares. Benchmark reaffirmed a “buy” rating and issued a $285.00 price target on shares of Analog Devices in a research note on Wednesday, November 26th. Morgan Stanley reaffirmed an “overweight” rating and issued a $314.00 target price on shares of Analog Devices in a research report on Friday, January 16th. Robert W. Baird lifted their price target on shares of Analog Devices from $250.00 to $275.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Oppenheimer upped their price objective on shares of Analog Devices from $265.00 to $350.00 and gave the stock an “outperform” rating in a report on Friday, January 16th. Finally, Sanford C. Bernstein reaffirmed a “market perform” rating and set a $270.00 target price on shares of Analog Devices in a research note on Wednesday, November 26th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-one have issued a Buy rating and five have assigned a Hold rating to the stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $314.87.

Insider Buying and Selling at Analog Devices

In other 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 transaction, the chief accounting officer directly owned 18,913 shares in the company, valued at $5,258,381.39. This trade represents a 30.16% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $306.92, for a total value of $3,069,200.00. Following the sale, the chief executive officer owned 155,688 shares of the company’s stock, valued at approximately $47,783,760.96. This trade represents a 6.04% decrease in their position. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 53,544 shares of company stock worth $15,320,417. 0.36% of the stock is owned by corporate insiders.

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.