Canada Post Corp Registered Pension Plan Grows Stake in Analog Devices, Inc. $ADI

Canada Post Corp Registered Pension Plan grew its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 14.3% in the third quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 15,049 shares of the semiconductor company’s stock after acquiring an additional 1,880 shares during the period. Canada Post Corp Registered Pension Plan’s holdings in Analog Devices were worth $3,684,000 at the end of the most recent reporting period.

Other hedge funds also recently modified their holdings of the company. Quent Capital LLC lifted its position in shares of Analog Devices by 2.4% during the 3rd quarter. Quent Capital LLC now owns 1,810 shares of the semiconductor company’s stock valued at $445,000 after buying an additional 42 shares during the last quarter. Sivia Capital Partners LLC raised its stake in Analog Devices by 2.5% in the 3rd quarter. Sivia Capital Partners LLC now owns 1,796 shares of the semiconductor company’s stock valued at $441,000 after acquiring an additional 44 shares during the period. Klingman & Associates LLC lifted its holdings in Analog Devices by 3.7% during the third quarter. Klingman & Associates LLC now owns 1,274 shares of the semiconductor company’s stock valued at $313,000 after purchasing an additional 45 shares during the last quarter. Solstein Capital LLC boosted its position in Analog Devices by 2.0% during the second quarter. Solstein Capital LLC now owns 2,307 shares of the semiconductor company’s stock worth $549,000 after purchasing an additional 46 shares during the period. Finally, Keystone Financial Services increased its stake in shares of Analog Devices by 1.2% in the second quarter. Keystone Financial Services now owns 3,837 shares of the semiconductor company’s stock worth $913,000 after purchasing an additional 46 shares in the last quarter. Institutional investors own 86.81% of the company’s stock.

Insider Buying and Selling

In related news, SVP Katsufumi Nakamura sold 500 shares of the stock in a transaction on Friday, January 9th. The stock was sold at an average price of $301.46, for a total value of $150,730.00. Following the transaction, the senior vice president owned 12,710 shares of the company’s stock, valued at $3,831,556.60. This represents a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Ray Stata sold 3,125 shares of the firm’s stock in a transaction dated Wednesday, February 4th. The shares were sold at an average price of $317.30, for a total value of $991,562.50. Following the sale, the director owned 123,821 shares in the company, valued at $39,288,403.30. The trade was a 2.46% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 53,544 shares of company stock valued at $15,320,417 in the last three months. 0.36% of the stock is owned by corporate insiders.

Analog Devices Price Performance

NASDAQ:ADI opened at $320.45 on Friday. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $327.75. The stock has a fifty day moving average of $290.44 and a 200 day moving average of $257.20. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.68 and a current ratio of 2.19. The firm has a market capitalization of $156.58 billion, a price-to-earnings ratio of 70.27, a P/E/G ratio of 1.74 and a beta of 1.03.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.04. The firm had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.02 billion. Analog Devices had a return on equity of 11.23% and a net margin of 20.58%.The company’s revenue was up 25.9% compared to the same quarter last year. During the same quarter last year, the firm posted $1.67 EPS. On average, research analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Stockholders of record on Monday, December 8th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.2%. The ex-dividend date of this dividend was Monday, December 8th. Analog Devices’s payout ratio is currently 86.84%.

Analyst Upgrades and Downgrades

A number of brokerages recently commented on ADI. Piper Sandler set a $290.00 price target on shares of Analog Devices in a research note on Tuesday, November 25th. Susquehanna boosted their target price on shares of Analog Devices from $350.00 to $360.00 and gave the company a “positive” rating in a report on Thursday, January 22nd. UBS Group set a $350.00 target price on Analog Devices in a research report on Wednesday, January 21st. JPMorgan Chase & Co. raised their price target on Analog Devices from $310.00 to $320.00 and gave the stock an “overweight” rating in a report on Wednesday, November 26th. Finally, Barclays set a $315.00 price objective on Analog Devices in a research note on Thursday, January 15th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have assigned a Hold rating to the company. According to data from MarketBeat, Analog Devices currently has an average rating of “Moderate Buy” and an average price target of $312.04.

Analog Devices Company 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.