Natixis Advisors L.P. grew its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 0.4% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 132,123 shares of the semiconductor company’s stock after purchasing an additional 510 shares during the quarter. Natixis Advisors L.P.’s holdings in Analog Devices were worth $20,488,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently modified their holdings of the company. CVA Family Office LLC purchased a new position in shares of Analog Devices during the first quarter worth approximately $26,000. Key Financial Inc purchased a new stake in shares of Analog Devices in the fourth quarter valued at about $28,000. Northwest Investment Counselors LLC acquired a new stake in shares of Analog Devices during the first quarter worth about $30,000. Diversified LLC purchased a new position in shares of Analog Devices during the fourth quarter worth about $29,000. Finally, Newfound Research LLC purchased a new stake in Analog Devices during the 1st quarter valued at approximately $39,000. Institutional investors and hedge funds own 91.90% of the company’s stock.
Shares of NASDAQ:ADI opened at $149.61 on Monday. The stock has a 50-day simple moving average of $156.92 and a 200-day simple moving average of $149.10. The stock has a market capitalization of $55.19 billion, a P/E ratio of 45.61, a PEG ratio of 2.26 and a beta of 1.31. Analog Devices, Inc. has a 1 year low of $100.09 and a 1 year high of $164.40. The company has a debt-to-equity ratio of 0.43, a quick ratio of 1.40 and a current ratio of 1.84.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 9th. Shareholders of record on Friday, February 26th were issued a $0.69 dividend. This represents a $2.76 dividend on an annualized basis and a yield of 1.84%. The ex-dividend date was Thursday, February 25th. This is a boost from Analog Devices’s previous quarterly dividend of $0.62. Analog Devices’s dividend payout ratio is currently 56.21%.
In other Analog Devices news, CAO Michael Sondel sold 2,210 shares of the company’s stock in a transaction that occurred on Friday, February 19th. The stock was sold at an average price of $163.79, for a total transaction of $361,975.90. Also, SVP Martin Cotter sold 1,557 shares of Analog Devices stock in a transaction that occurred on Wednesday, March 17th. The stock was sold at an average price of $150.42, for a total value of $234,203.94. Following the completion of the transaction, the senior vice president now owns 7,064 shares of the company’s stock, valued at approximately $1,062,566.88. The disclosure for this sale can be found here. Insiders sold 53,396 shares of company stock valued at $8,385,638 in the last ninety days. 0.42% of the stock is owned by corporate insiders.
Several brokerages recently weighed in on ADI. Royal Bank of Canada increased their price target on Analog Devices from $174.00 to $180.00 and gave the stock an “outperform” rating in a report on Tuesday, February 16th. Credit Suisse Group boosted their price target on shares of Analog Devices from $165.00 to $200.00 and gave the stock an “outperform” rating in a research note on Thursday, February 18th. Piper Sandler raised their price objective on shares of Analog Devices from $150.00 to $180.00 and gave the company an “overweight” rating in a research report on Thursday, February 25th. BMO Capital Markets boosted their target price on Analog Devices from $155.00 to $190.00 and gave the stock an “outperform” rating in a research report on Tuesday, February 16th. Finally, Raymond James raised their price target on Analog Devices from $160.00 to $185.00 and gave the company an “outperform” rating in a report on Thursday, February 25th. Six research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. The stock presently has an average rating of “Buy” and an average price target of $157.92.
About Analog Devices
Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. The company offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency and microwave ICs to support cellular infrastructure.
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