Korea Investment CORP increased its position in shares of Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 2.5% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 379,108 shares of the semiconductor company’s stock after acquiring an additional 9,139 shares during the period. Korea Investment CORP owned about 0.08% of Analog Devices worth $93,147,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other institutional investors have also recently bought and sold shares of ADI. Howard Hughes Medical Institute purchased a new position in Analog Devices in the second quarter valued at about $25,000. Clayton Financial Group LLC purchased a new stake in shares of Analog Devices during the 3rd quarter worth about $31,000. Y.D. More Investments Ltd acquired a new stake in shares of Analog Devices during the 3rd quarter valued at about $32,000. LFA Lugano Financial Advisors SA grew its stake in shares of Analog Devices by 92.9% in the 3rd quarter. LFA Lugano Financial Advisors SA now owns 135 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 65 shares in the last quarter. Finally, Valley Wealth Managers Inc. bought a new stake in shares of Analog Devices in the 3rd quarter valued at approximately $38,000. Institutional investors and hedge funds own 86.81% of the company’s stock.
Analog Devices Price Performance
NASDAQ ADI opened at $315.81 on Friday. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $363.20. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.35 and a current ratio of 1.76. The stock has a market capitalization of $154.18 billion, a PE ratio of 57.74, a P/E/G ratio of 1.45 and a beta of 1.00. The stock has a 50-day simple moving average of $316.34 and a 200 day simple moving average of $273.14.
Analog Devices Increases Dividend
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 3rd will be paid a $1.10 dividend. The ex-dividend date is Tuesday, March 3rd. This is a positive change from Analog Devices’s previous quarterly dividend of $0.99. This represents a $4.40 annualized dividend and a dividend yield of 1.4%. Analog Devices’s dividend payout ratio is 80.44%.
Insiders Place Their Bets
In other Analog Devices news, Director Ray Stata sold 3,125 shares of the stock in a transaction on Wednesday, February 4th. The shares were sold at an average price of $317.30, for a total value of $991,562.50. Following the completion of the sale, the director directly owned 123,821 shares of the company’s stock, valued at $39,288,403.30. This represents a 2.46% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $306.92, for a total transaction of $3,069,200.00. Following the completion of the sale, the chief executive officer directly owned 155,688 shares of the company’s stock, valued at approximately $47,783,760.96. This trade represents a 6.04% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold a total of 57,743 shares of company stock valued at $16,836,340 in the last 90 days. 0.36% of the stock is currently owned by corporate insiders.
Wall Street Analyst Weigh In
Several equities analysts recently weighed in on the stock. Susquehanna raised their price objective on shares of Analog Devices from $360.00 to $400.00 and gave the company a “positive” rating in a research report on Thursday, February 19th. JPMorgan Chase & Co. boosted their target price on shares of Analog Devices from $320.00 to $400.00 and gave the stock an “overweight” rating in a research report on Thursday, February 19th. Wall Street Zen upgraded shares of Analog Devices from a “hold” rating to a “buy” rating in a research note on Saturday, January 17th. Cfra restated a “buy” rating and set a $280.00 price target on shares of Analog Devices in a report on Tuesday, November 25th. Finally, Stifel Nicolaus set a $405.00 price objective on shares of Analog Devices and gave the company a “buy” rating in a research note on Wednesday, February 18th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $366.96.
Check Out Our Latest Analysis on ADI
Analog Devices Profile
Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.
The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.
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