Ontario Teachers Pension Plan Board Has $207,000 Stock Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Ontario Teachers Pension Plan Board reduced its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 70.9% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 901 shares of the semiconductor company’s stock after selling 2,200 shares during the period. Ontario Teachers Pension Plan Board’s holdings in Analog Devices were worth $207,000 as of its most recent filing with the SEC.

A number of other institutional investors have also recently bought and sold shares of the stock. Hilton Capital Management LLC bought a new stake in Analog Devices in the 3rd quarter valued at $4,899,000. West Family Investments Inc. raised its stake in shares of Analog Devices by 58.3% in the 3rd quarter. West Family Investments Inc. now owns 1,757 shares of the semiconductor company’s stock valued at $404,000 after purchasing an additional 647 shares during the period. PNC Financial Services Group Inc. lifted its holdings in shares of Analog Devices by 3.9% in the third quarter. PNC Financial Services Group Inc. now owns 149,813 shares of the semiconductor company’s stock valued at $34,482,000 after purchasing an additional 5,562 shares in the last quarter. B. Metzler seel. Sohn & Co. Holding AG acquired a new position in shares of Analog Devices during the third quarter worth about $16,441,000. Finally, Banque Cantonale Vaudoise grew its holdings in shares of Analog Devices by 259.7% during the third quarter. Banque Cantonale Vaudoise now owns 20,131 shares of the semiconductor company’s stock worth $4,634,000 after buying an additional 14,534 shares in the last quarter. Institutional investors own 86.81% of the company’s stock.

Analog Devices Stock Performance

ADI opened at $214.59 on Friday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.69 and a quick ratio of 1.24. The company has a market capitalization of $106.54 billion, a PE ratio of 64.44, a price-to-earnings-growth ratio of 2.97 and a beta of 1.08. The business has a fifty day simple moving average of $224.87 and a 200 day simple moving average of $225.40. Analog Devices, Inc. has a 1 year low of $179.63 and a 1 year high of $244.14.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, August 21st. The semiconductor company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.08. Analog Devices had a net margin of 17.07% and a return on equity of 9.47%. The company had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter in the previous year, the business posted $2.49 earnings per share. Analog Devices’s quarterly revenue was down 24.8% on a year-over-year basis. Research analysts expect that Analog Devices, Inc. will post 6.34 EPS for the current year.

Insiders Place Their Bets

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $228.69, for a total transaction of $2,286,900.00. Following the transaction, the chief executive officer now owns 51,039 shares in the company, valued at $11,672,108.91. This trade represents a 16.38 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Edward H. Frank sold 995 shares of Analog Devices stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $234.31, for a total value of $233,138.45. Following the completion of the transaction, the director now directly owns 3,753 shares of the company’s stock, valued at $879,365.43. This represents a 20.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 110,995 shares of company stock worth $25,116,338 in the last quarter. 0.31% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

ADI has been the topic of several research reports. JPMorgan Chase & Co. upped their price target on Analog Devices from $260.00 to $280.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Morgan Stanley increased their target price on shares of Analog Devices from $250.00 to $257.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Needham & Company LLC reissued a “hold” rating on shares of Analog Devices in a research report on Thursday, August 22nd. Truist Financial cut Analog Devices from a “buy” rating to a “hold” rating and decreased their price objective for the company from $266.00 to $233.00 in a report on Monday, September 23rd. Finally, Cantor Fitzgerald restated a “neutral” rating and issued a $250.00 price target on shares of Analog Devices in a research note on Tuesday, October 8th. Six investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Analog Devices currently has an average rating of “Moderate Buy” and a consensus target price of $252.05.

Analog Devices Company Profile

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.