Banco Santander S.A. Takes Position in Analog Devices, Inc. (NASDAQ:ADI)

Banco Santander S.A. bought a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) in the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 4,579 shares of the semiconductor company’s stock, valued at approximately $1,054,000.

A number of other institutional investors have also added to or reduced their stakes in the business. Capital Performance Advisors LLP purchased a new stake in shares of Analog Devices during the 3rd quarter valued at $28,000. New Millennium Group LLC purchased a new stake in Analog Devices during the second quarter valued at about $29,000. Archer Investment Corp raised its position in Analog Devices by 101.4% during the third quarter. Archer Investment Corp now owns 145 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 73 shares in the last quarter. ORG Partners LLC lifted its stake in Analog Devices by 675.0% during the second quarter. ORG Partners LLC now owns 155 shares of the semiconductor company’s stock worth $35,000 after purchasing an additional 135 shares during the last quarter. Finally, CVA Family Office LLC increased its position in shares of Analog Devices by 40.2% during the 2nd quarter. CVA Family Office LLC now owns 157 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 45 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors.

Analog Devices Price Performance

Shares of NASDAQ ADI opened at $214.59 on Friday. Analog Devices, Inc. has a 1 year low of $179.63 and a 1 year high of $244.14. The stock has a market capitalization of $106.54 billion, a P/E ratio of 64.44, a P/E/G ratio of 2.97 and a beta of 1.08. The company’s 50-day moving average is $224.87 and its 200 day moving average is $225.40. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.69 and a quick ratio of 1.24.

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

Wall Street Analyst Weigh In

A number of analysts recently weighed in on the company. Oppenheimer restated an “outperform” rating and issued a $245.00 target price on shares of Analog Devices in a research report on Thursday, August 22nd. JPMorgan Chase & Co. increased their target price on shares of Analog Devices from $260.00 to $280.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Truist Financial downgraded shares of Analog Devices from a “buy” rating to a “hold” rating and lowered their price target for the stock from $266.00 to $233.00 in a research note on Monday, September 23rd. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $250.00 price objective on shares of Analog Devices in a research note on Tuesday, October 8th. Finally, Wells Fargo & Company began coverage on Analog Devices in a report on Friday. They set an “equal weight” rating and a $220.00 target price for the company. Six analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $252.05.

Insider Buying and Selling at Analog Devices

In other news, EVP Gregory M. Bryant sold 20,000 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $223.87, for a total transaction of $4,477,400.00. Following the completion of the transaction, the executive vice president now directly owns 59,093 shares in the company, valued at $13,229,149.91. This trade represents a 25.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $228.69, for a total value of $2,286,900.00. Following the completion of the transaction, the chief executive officer now directly owns 51,039 shares of the company’s stock, valued at approximately $11,672,108.91. This represents a 16.38 % decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 110,995 shares of company stock valued at $25,116,338. 0.31% of the stock is currently owned by company insiders.

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.