Analog Devices, Inc. (NASDAQ:ADI) Shares Acquired by Banco de Sabadell S.A

Banco de Sabadell S.A lifted its stake in shares of Analog Devices, Inc. (NASDAQ:ADIGet Rating) by 26.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 8,581 shares of the semiconductor company’s stock after buying an additional 1,799 shares during the quarter. Banco de Sabadell S.A’s holdings in Analog Devices were worth $1,505,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently added to or reduced their stakes in the company. Invesco Ltd. boosted its holdings in Analog Devices by 130.1% in the third quarter. Invesco Ltd. now owns 7,773,386 shares of the semiconductor company’s stock worth $1,301,887,000 after purchasing an additional 4,395,168 shares during the period. Wellington Management Group LLP boosted its holdings in Analog Devices by 73.5% in the third quarter. Wellington Management Group LLP now owns 8,524,894 shares of the semiconductor company’s stock worth $1,427,749,000 after purchasing an additional 3,612,571 shares during the period. Bank of New York Mellon Corp boosted its holdings in Analog Devices by 49.9% in the third quarter. Bank of New York Mellon Corp now owns 4,866,350 shares of the semiconductor company’s stock worth $815,014,000 after purchasing an additional 1,620,336 shares during the period. Janus Henderson Group PLC boosted its holdings in Analog Devices by 52.6% in the third quarter. Janus Henderson Group PLC now owns 3,488,905 shares of the semiconductor company’s stock worth $584,315,000 after purchasing an additional 1,202,202 shares during the period. Finally, UBS Asset Management Americas Inc. boosted its holdings in shares of Analog Devices by 55.6% during the third quarter. UBS Asset Management Americas Inc. now owns 2,564,962 shares of the semiconductor company’s stock valued at $429,580,000 after acquiring an additional 916,661 shares during the period. 86.15% of the stock is owned by institutional investors and hedge funds.

ADI opened at $167.55 on Friday. The business has a 50 day moving average price of $160.10 and a 200 day moving average price of $165.91. Analog Devices, Inc. has a twelve month low of $143.81 and a twelve month high of $191.95. The company has a debt-to-equity ratio of 0.17, a quick ratio of 1.65 and a current ratio of 1.99. The firm has a market cap of $87.09 billion, a P/E ratio of 47.46, a price-to-earnings-growth ratio of 1.53 and a beta of 1.07.

Analog Devices (NASDAQ:ADIGet Rating) last posted its earnings results on Wednesday, May 18th. The semiconductor company reported $2.40 earnings per share for the quarter, topping the consensus estimate of $2.11 by $0.29. Analog Devices had a return on equity of 12.11% and a net margin of 16.84%. The firm had revenue of $2.97 billion during the quarter, compared to analyst estimates of $2.84 billion. During the same period in the previous year, the company earned $1.54 EPS. The company’s revenue for the quarter was up 78.9% on a year-over-year basis. As a group, analysts anticipate that Analog Devices, Inc. will post 8.59 earnings per share for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, June 9th. Stockholders of record on Tuesday, May 31st will be issued a dividend of $0.76 per share. The ex-dividend date is Friday, May 27th. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.81%. Analog Devices’s dividend payout ratio (DPR) is presently 86.12%.

Several equities analysts have recently issued reports on the stock. The Goldman Sachs Group reduced their price target on shares of Analog Devices from $207.00 to $183.00 and set a “buy” rating for the company in a report on Tuesday, April 5th. UBS Group cut their price objective on shares of Analog Devices to $210.00 and set a “hold” rating on the stock in a research note on Thursday, May 19th. Oppenheimer restated an “outperform” rating and set a $210.00 price objective on shares of Analog Devices in a research note on Monday, May 16th. Sanford C. Bernstein lifted their price objective on shares of Analog Devices to $200.00 and gave the company an “outperform” rating in a research note on Thursday, May 19th. Finally, StockNews.com began coverage on shares of Analog Devices in a research note on Thursday, March 31st. They set a “hold” rating on the stock. Five equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Based on data from MarketBeat.com, Analog Devices presently has a consensus rating of “Buy” and a consensus target price of $199.52.

In related news, Director Tunc Doluca sold 4,700 shares of the company’s stock in a transaction on Tuesday, March 1st. The stock was sold at an average price of $159.76, for a total value of $750,872.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 3,901 shares of the company’s stock in a transaction on Thursday, May 19th. The shares were sold at an average price of $163.14, for a total value of $636,409.14. Following the completion of the sale, the chief financial officer now owns 16,108 shares in the company, valued at $2,627,859.12. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,901 shares of company stock valued at $2,951,831. Corporate insiders own 0.91% of the company’s stock.

Analog Devices Company Profile (Get Rating)

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. 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 high-end consumer markets; and power ICs include performance, integration, and software design simulation tools for accurate power supply designs.

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

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