Janus Henderson Group PLC Has $249.70 Million Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Janus Henderson Group PLC lessened its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 1.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 1,262,433 shares of the semiconductor company’s stock after selling 21,508 shares during the period. Janus Henderson Group PLC owned about 0.25% of Analog Devices worth $249,697,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ADI. Amarillo National Bank lifted its holdings in shares of Analog Devices by 3.7% during the 4th quarter. Amarillo National Bank now owns 1,511 shares of the semiconductor company’s stock worth $300,000 after acquiring an additional 54 shares during the period. Mcdonald Partners LLC lifted its holdings in shares of Analog Devices by 0.7% during the 1st quarter. Mcdonald Partners LLC now owns 7,567 shares of the semiconductor company’s stock worth $1,497,000 after acquiring an additional 54 shares during the period. Keystone Financial Services lifted its holdings in shares of Analog Devices by 1.8% during the 4th quarter. Keystone Financial Services now owns 3,136 shares of the semiconductor company’s stock worth $623,000 after acquiring an additional 55 shares during the period. Signaturefd LLC lifted its holdings in shares of Analog Devices by 0.5% during the 1st quarter. Signaturefd LLC now owns 11,003 shares of the semiconductor company’s stock worth $2,176,000 after acquiring an additional 59 shares during the period. Finally, Wealth Alliance lifted its holdings in shares of Analog Devices by 3.6% during the 4th quarter. Wealth Alliance now owns 1,769 shares of the semiconductor company’s stock worth $351,000 after acquiring an additional 61 shares during the period. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts recently commented on the stock. Needham & Company LLC reissued a “hold” rating on shares of Analog Devices in a research note on Thursday, May 23rd. UBS Group increased their price objective on shares of Analog Devices from $225.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Morgan Stanley increased their price objective on shares of Analog Devices from $221.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. The Goldman Sachs Group increased their price objective on shares of Analog Devices from $205.00 to $252.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Finally, Truist Financial increased their price objective on shares of Analog Devices from $222.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Seven research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $245.50.

Analog Devices Stock Down 1.2 %

Shares of Analog Devices stock traded down $2.82 during trading hours on Tuesday, reaching $224.58. The company’s stock had a trading volume of 3,949,769 shares, compared to its average volume of 3,298,367. Analog Devices, Inc. has a one year low of $154.99 and a one year high of $244.14. The company has a market capitalization of $111.44 billion, a P/E ratio of 52.91, a P/E/G ratio of 3.82 and a beta of 1.08. The stock’s fifty day simple moving average is $232.21 and its two-hundred day simple moving average is $208.30. 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 released its quarterly earnings data on Wednesday, May 22nd. The semiconductor company reported $1.40 earnings per share for the quarter, beating analysts’ consensus estimates of $1.26 by $0.14. Analog Devices had a net margin of 20.45% and a return on equity of 10.74%. The firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same period last year, the firm earned $2.83 earnings per share. The business’s quarterly revenue was down 33.8% compared to the same quarter last year. On average, research analysts forecast that Analog Devices, Inc. will post 6.24 earnings per share for the current year.

Analog Devices Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, June 4th were given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend was Tuesday, June 4th. Analog Devices’s payout ratio is currently 85.98%.

Insider Activity at Analog Devices

In related news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $226.70, for a total transaction of $2,267,000.00. Following the transaction, the chief executive officer now directly owns 51,039 shares of the company’s stock, valued at $11,570,541.30. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Analog Devices news, EVP Gregory M. Bryant sold 17,612 shares of Analog Devices stock in a transaction dated Thursday, June 13th. The shares were sold at an average price of $233.94, for a total value of $4,120,151.28. Following the sale, the executive vice president now owns 69,241 shares of the company’s stock, valued at $16,198,239.54. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $226.70, for a total transaction of $2,267,000.00. Following the completion of the sale, the chief executive officer now directly owns 51,039 shares in the company, valued at approximately $11,570,541.30. The disclosure for this sale can be found here. Insiders have sold 46,642 shares of company stock valued at $10,481,343 over the last ninety days. Corporate insiders own 0.31% of the company’s stock.

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.