Moody National Bank Trust Division Sells 741 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Moody National Bank Trust Division lessened its position in shares of Analog Devices, Inc. (NASDAQ:ADI – Get Rating) by 12.0% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,432 shares of the semiconductor company’s stock after selling 741 shares during the quarter. Moody National Bank Trust Division’s holdings in Analog Devices were worth $891,000 as of its most recent SEC filing.

Several other large investors have also recently modified their holdings of ADI. Price T Rowe Associates Inc. MD raised its stake in shares of Analog Devices by 370.6% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 4,943,607 shares of the semiconductor company’s stock worth $722,212,000 after acquiring an additional 3,893,057 shares in the last quarter. BlackRock Inc. grew its position in Analog Devices by 5.2% during the 3rd quarter. BlackRock Inc. now owns 42,266,420 shares of the semiconductor company’s stock worth $5,889,403,000 after purchasing an additional 2,076,636 shares during the last quarter. Allen Investment Management LLC grew its position in Analog Devices by 99.2% during the 3rd quarter. Allen Investment Management LLC now owns 1,703,355 shares of the semiconductor company’s stock worth $237,345,000 after purchasing an additional 848,152 shares during the last quarter. Barclays PLC grew its position in Analog Devices by 126.2% during the 3rd quarter. Barclays PLC now owns 1,252,028 shares of the semiconductor company’s stock worth $174,455,000 after purchasing an additional 698,563 shares during the last quarter. Finally, Capital International Investors grew its position in Analog Devices by 17.5% during the 1st quarter. Capital International Investors now owns 2,863,634 shares of the semiconductor company’s stock worth $473,015,000 after purchasing an additional 426,281 shares during the last quarter. Institutional investors own 85.34% of the company’s stock.

Analog Devices Stock Performance

ADI opened at $185.85 on Friday. The company has a debt-to-equity ratio of 0.18, a current ratio of 2.12 and a quick ratio of 1.50. The firm has a fifty day moving average price of $178.70 and a 200 day moving average price of $163.07. The stock has a market cap of $94.01 billion, a P/E ratio of 28.03, a P/E/G ratio of 1.41 and a beta of 1.14. Analog Devices, Inc. has a 1 year low of $133.48 and a 1 year high of $196.41.

Analog Devices (NASDAQ:ADI – Get Rating) last posted its quarterly earnings data on Wednesday, February 15th. The semiconductor company reported $2.75 earnings per share for the quarter, topping analysts’ consensus estimates of $2.60 by $0.15. The company had revenue of $3.25 billion during the quarter, compared to analysts’ expectations of $3.15 billion. Analog Devices had a net margin of 27.27% and a return on equity of 14.69%. The firm’s revenue for the quarter was up 21.1% on a year-over-year basis. During the same period in the prior year, the business posted $1.94 earnings per share. Equities research analysts anticipate that Analog Devices, Inc. will post 10.6 earnings per share for the current year.

Analog Devices Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, March 8th. Stockholders of record on Monday, February 27th were given a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a dividend yield of 1.85%. This is a boost from Analog Devices’s previous quarterly dividend of $0.76. The ex-dividend date of this dividend was Friday, February 24th. Analog Devices’s dividend payout ratio is 51.89%.

Insider Activity

In other news, Director Tunc Doluca sold 1,700 shares of the stock in a transaction dated Wednesday, January 11th. The shares were sold at an average price of $170.00, for a total value of $289,000.00. Following the completion of the sale, the director now directly owns 66,157 shares in the company, valued at $11,246,690. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director James Champy sold 1,495 shares of the company’s stock in a transaction dated Tuesday, March 14th. The shares were sold at an average price of $185.44, for a total value of $277,232.80. Following the completion of the sale, the director now owns 6,371 shares of the company’s stock, valued at $1,181,438.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Tunc Doluca sold 1,700 shares of the company’s stock in a transaction dated Wednesday, January 11th. The shares were sold at an average price of $170.00, for a total transaction of $289,000.00. Following the completion of the sale, the director now directly owns 66,157 shares of the company’s stock, valued at approximately $11,246,690. The disclosure for this sale can be found here. Insiders sold 14,195 shares of company stock worth $2,697,723 over the last three months. Insiders own 0.46% of the company’s stock.

Analyst Ratings Changes

Several analysts have weighed in on the stock. Sanford C. Bernstein boosted their target price on shares of Analog Devices from $200.00 to $220.00 and gave the stock an “outperform” rating in a research report on Thursday, February 16th. Truist Financial boosted their target price on shares of Analog Devices from $215.00 to $251.00 and gave the stock a “buy” rating in a research report on Thursday, February 16th. Cowen upped their price objective on shares of Analog Devices from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Friday, December 9th. Barclays upped their price objective on shares of Analog Devices from $145.00 to $160.00 and gave the company an “equal weight” rating in a report on Monday, January 23rd. Finally, Deutsche Bank Aktiengesellschaft upped their price objective on shares of Analog Devices from $170.00 to $200.00 in a report on Thursday, February 16th. Four equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $213.68.

About Analog Devices

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Analog Devices, Inc is a global high-performance semiconductor company, which engages in the design, development, manufacture, and marketing of integrated circuits (ICs). It produces a range of innovative products, including data converters, amplifiers and linear products, radio frequency (RF) ICs, power management products, sensors based on micro electromechanical systems (MEMS) technology and other sensors, and processing products, including DSP and other processors.