SPF Beheer BV lessened its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 2.1% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 894,256 shares of the semiconductor company’s stock after selling 19,066 shares during the period. Analog Devices comprises approximately 3.3% of SPF Beheer BV’s holdings, making the stock its 14th biggest holding. SPF Beheer BV owned about 0.24% of Analog Devices worth $79,616,000 as of its most recent SEC filing.
Other hedge funds have also modified their holdings of the company. Bank of New York Mellon Corp increased its stake in Analog Devices by 3.1% during the 4th quarter. Bank of New York Mellon Corp now owns 3,178,510 shares of the semiconductor company’s stock worth $282,983,000 after buying an additional 94,402 shares during the period. Chevy Chase Trust Holdings Inc. increased its stake in Analog Devices by 1.4% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 320,720 shares of the semiconductor company’s stock worth $27,636,000 after buying an additional 4,416 shares during the period. Deprince Race & Zollo Inc. purchased a new stake in Analog Devices during the 4th quarter worth $19,757,000. San Francisco Sentry Investment Group CA increased its stake in Analog Devices by 62.3% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 3,474 shares of the semiconductor company’s stock worth $300,000 after buying an additional 1,333 shares during the period. Finally, Oppenheimer Asset Management Inc. increased its stake in Analog Devices by 8.8% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 131,434 shares of the semiconductor company’s stock worth $11,325,000 after buying an additional 10,673 shares during the period. 88.52% of the stock is currently owned by institutional investors and hedge funds.
Analog Devices stock opened at $91.28 on Thursday. Analog Devices, Inc. has a fifty-two week low of $74.65 and a fifty-two week high of $98.38. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.76 and a quick ratio of 1.31. The company has a market cap of $34,284.49, a PE ratio of 44.40, a PEG ratio of 1.39 and a beta of 1.25.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 20th. Shareholders of record on Friday, March 9th were paid a dividend of $0.48 per share. This represents a $1.92 dividend on an annualized basis and a yield of 2.10%. This is a positive change from Analog Devices’s previous quarterly dividend of $0.45. The ex-dividend date was Thursday, March 8th. Analog Devices’s payout ratio is presently 91.87%.
Several research analysts have weighed in on ADI shares. Stifel Nicolaus decreased their price objective on shares of Analog Devices from $100.00 to $98.00 and set a “buy” rating for the company in a report on Wednesday, November 22nd. Jefferies Group raised their price objective on shares of Analog Devices to $110.00 and gave the stock a “buy” rating in a report on Wednesday, November 22nd. B. Riley raised their price objective on shares of Analog Devices from $110.00 to $113.00 and gave the stock a “buy” rating in a report on Wednesday, November 22nd. KeyCorp reissued a “buy” rating and set a $107.00 price objective on shares of Analog Devices in a report on Friday, November 24th. Finally, BidaskClub raised shares of Analog Devices from a “hold” rating to a “buy” rating in a report on Friday, January 5th. Ten research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $100.57.
In other Analog Devices news, CAO Eileen Wynne sold 5,209 shares of the business’s stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $94.86, for a total transaction of $494,125.74. Following the completion of the transaction, the chief accounting officer now directly owns 3,895 shares of the company’s stock, valued at approximately $369,479.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Margaret K. Seif sold 7,000 shares of the business’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $88.83, for a total transaction of $621,810.00. The disclosure for this sale can be found here. Insiders have sold a total of 71,427 shares of company stock valued at $6,483,250 over the last three months. 0.70% of the stock is currently owned by company insiders.
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Analog Devices Profile
Analog Devices, Inc designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits (ICs), algorithms, software, and subsystems. It offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency ICs to support cellular infrastructure.
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