Analog Devices, Inc. (NASDAQ:ADI) Stock Position Raised by Delaney Dennis R

Delaney Dennis R raised its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 0.6% in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 30,925 shares of the semiconductor company’s stock after buying an additional 176 shares during the period. Analog Devices comprises approximately 3.8% of Delaney Dennis R’s holdings, making the stock its 8th largest position. Delaney Dennis R’s holdings in Analog Devices were worth $7,059,000 at the end of the most recent reporting period.

Other hedge funds have also added to or reduced their stakes in the company. Baader Bank Aktiengesellschaft boosted its stake in shares of Analog Devices by 3.9% during the 2nd quarter. Baader Bank Aktiengesellschaft now owns 1,143 shares of the semiconductor company’s stock worth $259,000 after acquiring an additional 43 shares during the last quarter. CVA Family Office LLC lifted its position in Analog Devices by 40.2% during the second quarter. CVA Family Office LLC now owns 157 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 45 shares in the last quarter. SouthState Corp grew its holdings in Analog Devices by 28.6% during the second quarter. SouthState Corp now owns 225 shares of the semiconductor company’s stock valued at $51,000 after purchasing an additional 50 shares during the period. Investment Partners LTD. increased its position in Analog Devices by 2.9% in the second quarter. Investment Partners LTD. now owns 1,746 shares of the semiconductor company’s stock worth $399,000 after buying an additional 50 shares in the last quarter. Finally, Tsfg LLC increased its position in Analog Devices by 24.5% in the second quarter. Tsfg LLC now owns 269 shares of the semiconductor company’s stock worth $61,000 after buying an additional 53 shares in the last quarter. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Analog Devices Stock Performance

Shares of NASDAQ:ADI opened at $222.64 on Thursday. The company has a current ratio of 1.69, a quick ratio of 1.24 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $110.48 billion, a price-to-earnings ratio of 52.02, a PEG ratio of 3.74 and a beta of 1.07. Analog Devices, Inc. has a 12 month low of $154.99 and a 12 month high of $244.14. The firm’s 50-day moving average is $224.04 and its 200 day moving average is $215.73.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Wednesday, August 21st. The semiconductor company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.08. Analog Devices had a return on equity of 9.47% and a net margin of 17.07%. The firm had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same period last year, the company earned $2.49 EPS. Analog Devices’s quarterly revenue was down 24.8% compared to the same quarter last year. Research analysts predict that Analog Devices, Inc. will post 6.33 EPS for the current year.

Analog Devices Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.92 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $3.68 dividend on an annualized basis and a yield of 1.65%. Analog Devices’s payout ratio is 85.98%.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. KeyCorp boosted their price objective on Analog Devices from $230.00 to $285.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. Needham & Company LLC reiterated a “hold” rating on shares of Analog Devices in a research report on Thursday, August 22nd. Oppenheimer reissued an “outperform” rating and issued a $245.00 price objective on shares of Analog Devices in a research note on Thursday, August 22nd. Susquehanna lifted their target price on shares of Analog Devices from $230.00 to $280.00 and gave the company a “positive” rating in a research note on Thursday, May 23rd. Finally, Citigroup increased their price target on Analog Devices from $220.00 to $250.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Six research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, Analog Devices has an average rating of “Moderate Buy” and an average target price of $251.45.

Insider Buying and Selling at Analog Devices

In other news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction that occurred on Thursday, August 1st. The shares were sold at an average price of $228.08, for a total transaction of $2,280,800.00. Following the completion of the sale, the chief executive officer now owns 51,039 shares of the company’s stock, valued at $11,640,975.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Analog Devices news, Director Edward H. Frank sold 500 shares of the firm’s stock in a transaction dated Friday, August 23rd. The shares were sold at an average price of $227.24, for a total transaction of $113,620.00. Following the transaction, the director now owns 4,748 shares of the company’s stock, valued at approximately $1,078,935.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, August 1st. The stock was sold at an average price of $228.08, for a total transaction of $2,280,800.00. Following the completion of the sale, the chief executive officer now directly owns 51,039 shares of the company’s stock, valued at approximately $11,640,975.12. The disclosure for this sale can be found here. Insiders sold a total of 31,495 shares of company stock valued at $7,181,458 in the last three months. Company insiders own 0.31% of the company’s stock.

Analog Devices Profile

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. 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 consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.