Capital International Sarl Buys 2,584 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Capital International Sarl raised its stake in Analog Devices, Inc. (NASDAQ:ADI) by 15.8% during the first quarter, HoldingsChannel reports. The institutional investor owned 18,943 shares of the semiconductor company’s stock after acquiring an additional 2,584 shares during the period. Capital International Sarl’s holdings in Analog Devices were worth $3,747,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Pinnacle Bancorp Inc. boosted its position in shares of Analog Devices by 101.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 65 shares in the last quarter. USA Financial Formulas boosted its position in shares of Analog Devices by 87.8% during the 4th quarter. USA Financial Formulas now owns 139 shares of the semiconductor company’s stock valued at $28,000 after purchasing an additional 65 shares in the last quarter. Cetera Trust Company N.A bought a new stake in shares of Analog Devices during the 4th quarter valued at about $29,000. Private Wealth Management Group LLC bought a new stake in shares of Analog Devices during the 4th quarter valued at about $29,000. Finally, Riverview Trust Co bought a new stake in shares of Analog Devices during the 1st quarter valued at about $30,000. Institutional investors own 86.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on the company. Susquehanna upped their target price on Analog Devices from $230.00 to $280.00 and gave the company a “positive” rating in a research report on Thursday, May 23rd. Citigroup increased their price target on Analog Devices from $220.00 to $250.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Barclays increased their price target on Analog Devices from $235.00 to $250.00 and gave the stock an “equal weight” rating in a report on Thursday, July 18th. Robert W. Baird increased their price target on Analog Devices from $200.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, May 24th. Finally, Sanford C. Bernstein increased their price objective on Analog Devices from $200.00 to $220.00 and gave the stock a “market perform” rating in a research note on Thursday, May 23rd. Seven analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $245.50.

Insider Buying and Selling at Analog Devices

In other news, CAO Michael Sondel sold 4,830 shares of the firm’s stock in a transaction on Friday, May 24th. The stock was sold at an average price of $236.58, for a total value of $1,142,681.40. Following the completion of the transaction, the chief accounting officer now directly owns 10,547 shares of the company’s stock, valued at $2,495,209.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $197.06, for a total value of $1,970,600.00. Following the completion of the transaction, the chief executive officer now directly owns 51,039 shares of the company’s stock, valued at $10,057,745.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Michael Sondel sold 4,830 shares of Analog Devices stock in a transaction on Friday, May 24th. The shares were sold at an average price of $236.58, for a total value of $1,142,681.40. Following the sale, the chief accounting officer now directly owns 10,547 shares of the company’s stock, valued at approximately $2,495,209.26. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 46,642 shares of company stock valued at $10,481,343. Company insiders own 0.31% of the company’s stock.

Analog Devices Stock Performance

NASDAQ ADI traded up $5.51 on Friday, hitting $226.43. 4,295,648 shares of the stock traded hands, compared to its average volume of 3,298,188. The business’s fifty day moving average is $232.02 and its two-hundred day moving average is $207.77. Analog Devices, Inc. has a 12 month low of $154.99 and a 12 month high of $244.14. The firm has a market capitalization of $112.36 billion, a price-to-earnings ratio of 52.90, a PEG ratio of 3.79 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.13 and a current ratio of 1.58.

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

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17th. Shareholders of record on Tuesday, June 4th were issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.63%. The ex-dividend date of this dividend was Tuesday, June 4th. Analog Devices’s dividend payout ratio (DPR) is 85.98%.

Analog Devices 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.