Xact Kapitalforvaltning AB Boosts Stake in Analog Devices, Inc. (ADI)

Xact Kapitalforvaltning AB grew its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 6.0% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 83,469 shares of the semiconductor company’s stock after purchasing an additional 4,709 shares during the period. Xact Kapitalforvaltning AB’s holdings in Analog Devices were worth $7,431,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. Sit Investment Associates Inc. boosted its position in shares of Analog Devices by 381.1% during the 4th quarter. Sit Investment Associates Inc. now owns 1,275 shares of the semiconductor company’s stock valued at $114,000 after purchasing an additional 1,010 shares in the last quarter. Icon Wealth Partners LLC acquired a new position in shares of Analog Devices in the fourth quarter worth about $121,000. Cerebellum GP LLC acquired a new position in shares of Analog Devices in the fourth quarter worth about $130,000. Fieldpoint Private Securities LLC boosted its holdings in shares of Analog Devices by 91.6% in the third quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock worth $127,000 after buying an additional 705 shares during the period. Finally, Clear Perspective Advisors LLC boosted its holdings in shares of Analog Devices by 3,884.2% in the third quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock worth $130,000 after buying an additional 1,476 shares during the period. Institutional investors own 88.52% of the company’s stock.

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Several brokerages have commented on ADI. Deutsche Bank raised their target price on shares of Analog Devices from $85.00 to $87.00 and gave the stock a “hold” rating in a report on Thursday, March 1st. Nomura raised their target price on shares of Analog Devices from $85.00 to $95.00 and gave the stock a “neutral” rating in a report on Thursday, March 1st. BMO Capital Markets raised their target price on shares of Analog Devices from $100.00 to $107.00 and gave the stock an “outperform” rating in a report on Thursday, March 1st. Stifel Nicolaus raised their target price on shares of Analog Devices from $102.00 to $105.00 and gave the stock a “buy” rating in a report on Thursday, March 1st. Finally, Zacks Investment Research cut shares of Analog Devices from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. Ten analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The stock has an average rating of “Buy” and a consensus price target of $100.57.

Shares of Analog Devices, Inc. (NASDAQ:ADI) opened at $90.03 on Friday. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.71. The company has a market cap of $34,317.77, a P/E ratio of 43.32, a P/E/G ratio of 1.39 and a beta of 1.25. Analog Devices, Inc. has a fifty-two week low of $74.65 and a fifty-two week high of $98.38.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, February 28th. The semiconductor company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.29 by $0.13. The business had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Analog Devices had a net margin of 13.80% and a return on equity of 18.78%. The firm’s quarterly revenue was up 54.4% compared to the same quarter last year. During the same period last year, the company posted $0.94 earnings per share. analysts anticipate that Analog Devices, Inc. will post 5.57 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, March 20th. Investors of record on Friday, March 9th were given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.13%. The ex-dividend date was Thursday, March 8th. This is a positive change from Analog Devices’s previous quarterly dividend of $0.45. Analog Devices’s dividend payout ratio (DPR) is presently 91.87%.

In related news, CAO Eileen Wynne sold 5,209 shares of the firm’s stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $94.86, for a total transaction of $494,125.74. Following the transaction, the chief accounting officer now owns 3,895 shares of the company’s stock, valued at $369,479.70. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $91.25, for a total transaction of $912,500.00. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 71,427 shares of company stock worth $6,483,250. Insiders own 1.10% of the company’s stock.

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Analog Devices Company 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.

Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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