Northwest Bank & Trust Co Buys New Position in Analog Devices, Inc. (NASDAQ:ADI)

Northwest Bank & Trust Co bought a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 6,137 shares of the semiconductor company’s stock, valued at approximately $1,218,000. Analog Devices makes up approximately 1.1% of Northwest Bank & Trust Co’s investment portfolio, making the stock its 21st largest holding.

Several other institutional investors and hedge funds also recently made changes to their positions in the business. Pinnacle Bancorp Inc. raised its stake in Analog Devices by 101.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock worth $26,000 after buying an additional 65 shares during the period. USA Financial Formulas raised its stake in Analog Devices by 87.8% during the 4th quarter. USA Financial Formulas now owns 139 shares of the semiconductor company’s stock worth $28,000 after buying an additional 65 shares during the period. Silver Oak Securities Incorporated acquired a new position in Analog Devices during the 3rd quarter worth approximately $29,000. Cetera Trust Company N.A acquired a new position in Analog Devices during the 4th quarter worth approximately $29,000. Finally, Private Wealth Management Group LLC acquired a new position in Analog Devices during the 4th quarter worth approximately $29,000. Institutional investors own 86.81% of the company’s stock.

Insider Transactions at Analog Devices

In related news, EVP Gregory M. Bryant sold 17,612 shares of Analog Devices stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $233.94, for a total transaction of $4,120,151.28. Following the completion of the sale, the executive vice president now owns 69,241 shares of the company’s stock, valued at $16,198,239.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, EVP Gregory M. Bryant sold 17,612 shares of Analog Devices stock in a transaction on Thursday, June 13th. The stock was sold at an average price of $233.94, for a total transaction of $4,120,151.28. Following the completion of the sale, the executive vice president now owns 69,241 shares of the company’s stock, valued at $16,198,239.54. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James Champy sold 4,200 shares of Analog Devices stock in a transaction on Tuesday, May 28th. The shares were sold at an average price of $233.55, for a total value of $980,910.00. Following the sale, the director now directly owns 6,371 shares of the company’s stock, valued at approximately $1,487,947.05. The disclosure for this sale can be found here. Insiders sold 51,349 shares of company stock valued at $11,118,356 over the last three months. Company insiders own 0.31% of the company’s stock.

Analog Devices Stock Performance

Shares of Analog Devices stock traded down $2.84 during trading hours on Friday, reaching $231.19. The company had a trading volume of 2,252,494 shares, compared to its average volume of 3,438,953. Analog Devices, Inc. has a one year low of $154.99 and a one year high of $241.88. The business has a fifty day simple moving average of $212.62 and a 200 day simple moving average of $199.42. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.58 and a quick ratio of 1.13. The firm has a market cap of $114.72 billion, a PE ratio of 54.02, a price-to-earnings-growth ratio of 3.95 and a beta of 1.12.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, May 22nd. The semiconductor company reported $1.40 EPS for the quarter, topping analysts’ consensus estimates of $1.26 by $0.14. Analog Devices had a return on equity of 10.74% and a net margin of 20.45%. The firm had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same period last year, the company earned $2.83 earnings per share. The business’s revenue for the quarter was down 33.8% on a year-over-year basis. On average, analysts anticipate that Analog Devices, Inc. will post 6.24 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Tuesday, June 4th will be issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.59%. The ex-dividend date is Tuesday, June 4th. Analog Devices’s payout ratio is currently 85.98%.

Wall Street Analyst Weigh In

ADI has been the subject of several analyst reports. Robert W. Baird increased their price objective on Analog Devices from $200.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, May 24th. Evercore ISI initiated coverage on Analog Devices in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $254.00 price objective for the company. The Goldman Sachs Group increased their price objective on Analog Devices from $205.00 to $252.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Oppenheimer increased their price objective on Analog Devices from $215.00 to $245.00 and gave the stock an “outperform” rating in a research note on Thursday, May 16th. Finally, Jefferies Financial Group initiated coverage on Analog Devices in a research note on Monday, May 13th. They issued a “buy” rating and a $250.00 price objective for the company. Seven investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $243.23.

About Analog Devices

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.