Stanley Laman Group Ltd. Has $3.68 Million Stake in Analog Devices, Inc. (NASDAQ:ADI)

Stanley Laman Group Ltd. lessened its stake in Analog Devices, Inc. (NASDAQ:ADI) by 4.2% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 18,520 shares of the semiconductor company’s stock after selling 810 shares during the quarter. Stanley Laman Group Ltd.’s holdings in Analog Devices were worth $3,677,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Exchange Traded Concepts LLC boosted its position in Analog Devices by 95.6% during the third quarter. Exchange Traded Concepts LLC now owns 10,103 shares of the semiconductor company’s stock valued at $1,769,000 after purchasing an additional 4,938 shares during the last quarter. Private Trust Co. NA lifted its holdings in shares of Analog Devices by 30.8% during the 3rd quarter. Private Trust Co. NA now owns 5,630 shares of the semiconductor company’s stock valued at $986,000 after buying an additional 1,326 shares during the last quarter. Capital Advisory Group Advisory Services LLC bought a new stake in shares of Analog Devices in the 3rd quarter valued at approximately $240,000. CX Institutional increased its holdings in Analog Devices by 267.2% in the third quarter. CX Institutional now owns 17,411 shares of the semiconductor company’s stock worth $3,048,000 after buying an additional 12,669 shares during the last quarter. Finally, Czech National Bank raised its position in Analog Devices by 46.4% during the third quarter. Czech National Bank now owns 87,638 shares of the semiconductor company’s stock valued at $15,345,000 after acquiring an additional 27,756 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analog Devices Stock Performance

ADI stock traded up $1.44 during midday trading on Thursday, hitting $197.94. The stock had a trading volume of 3,299,136 shares, compared to its average volume of 3,397,278. Analog Devices, Inc. has a 52 week low of $154.99 and a 52 week high of $204.20. The company has a current ratio of 1.51, a quick ratio of 0.98 and a debt-to-equity ratio of 0.17. The stock has a 50-day simple moving average of $193.18 and a 200 day simple moving average of $187.08. The firm has a market capitalization of $98.16 billion, a price-to-earnings ratio of 35.41, a P/E/G ratio of 4.76 and a beta of 1.17.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, February 21st. The semiconductor company reported $1.73 EPS for the quarter, topping analysts’ consensus estimates of $1.71 by $0.02. The company had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.50 billion. Analog Devices had a net margin of 24.34% and a return on equity of 12.76%. The firm’s revenue for the quarter was down 22.7% compared to the same quarter last year. During the same period last year, the firm earned $2.75 EPS. As a group, equities research analysts anticipate that Analog Devices, Inc. will post 5.86 earnings per share for the current year.

Analog Devices Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th were paid a $0.92 dividend. This is a positive change from Analog Devices’s previous quarterly dividend of $0.86. This represents a $3.68 annualized dividend and a dividend yield of 1.86%. The ex-dividend date was Monday, March 4th. Analog Devices’s dividend payout ratio is currently 65.83%.

Analysts Set New Price Targets

Several brokerages have recently commented on ADI. KeyCorp increased their price target on shares of Analog Devices from $220.00 to $230.00 and gave the stock an “overweight” rating in a research note on Thursday, February 22nd. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $205.00 price target on shares of Analog Devices in a research report on Monday, March 4th. Truist Financial decreased their price target on Analog Devices from $226.00 to $222.00 and set a “buy” rating for the company in a research note on Thursday, February 22nd. Evercore ISI began coverage on Analog Devices in a research note on Tuesday, April 16th. They issued an “outperform” rating and a $254.00 price objective on the stock. Finally, Sanford C. Bernstein lowered Analog Devices from an “outperform” rating to a “market perform” rating and set a $200.00 target price for the company. in a report on Thursday, January 4th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Analog Devices presently has an average rating of “Moderate Buy” and a consensus target price of $208.17.

Insider Transactions at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $192.11, for a total transaction of $1,921,100.00. Following the completion of the transaction, the chief executive officer now directly owns 5,713 shares in the company, valued at $1,097,524.43. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $192.11, for a total value of $1,921,100.00. Following the transaction, the chief executive officer now directly owns 5,713 shares in the company, valued at $1,097,524.43. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Vivek Jain sold 3,479 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $197.56, for a total transaction of $687,311.24. Following the sale, the executive vice president now directly owns 5,745 shares of the company’s stock, valued at approximately $1,134,982.20. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,707 shares of company stock valued at $4,825,113. Corporate insiders own 0.31% of the company’s stock.

About Analog Devices

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.