Analog Devices, Inc. (NASDAQ:ADI) Stock Holdings Increased by Huntington National Bank

Huntington National Bank boosted its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 2.4% in the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 471,158 shares of the semiconductor company's stock after acquiring an additional 11,225 shares during the period. Analog Devices comprises approximately 0.8% of Huntington National Bank's portfolio, making the stock its 28th largest position. Huntington National Bank owned approximately 0.09% of Analog Devices worth $108,447,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in ADI. Capital Performance Advisors LLP purchased a new stake in shares of Analog Devices during the third quarter worth approximately $28,000. New Millennium Group LLC acquired a new position in Analog Devices during the second quarter worth about $29,000. ORG Partners LLC increased its holdings in Analog Devices by 675.0% in the second quarter. ORG Partners LLC now owns 155 shares of the semiconductor company's stock valued at $35,000 after buying an additional 135 shares in the last quarter. CVA Family Office LLC lifted its position in shares of Analog Devices by 40.2% during the 2nd quarter. CVA Family Office LLC now owns 157 shares of the semiconductor company's stock valued at $36,000 after acquiring an additional 45 shares during the period. Finally, Hobbs Group Advisors LLC purchased a new stake in shares of Analog Devices during the 2nd quarter worth approximately $37,000. Hedge funds and other institutional investors own 86.81% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have weighed in on ADI. Oppenheimer restated an "outperform" rating and set a $245.00 target price on shares of Analog Devices in a report on Thursday, August 22nd. JPMorgan Chase & Co. upped their target price on Analog Devices from $260.00 to $280.00 and gave the company an "overweight" rating in a research note on Thursday, August 22nd. Needham & Company LLC reissued a "hold" rating on shares of Analog Devices in a research report on Thursday, August 22nd. Barclays upped their price objective on Analog Devices from $235.00 to $250.00 and gave the company an "equal weight" rating in a research report on Thursday, July 18th. Finally, Cantor Fitzgerald reiterated a "neutral" rating and set a $250.00 price objective on shares of Analog Devices in a research report on Tuesday, October 8th. Six investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $249.80.

Analog Devices Stock Down 0.2 %

ADI stock traded down $0.36 during trading on Thursday, reaching $212.48. The stock had a trading volume of 1,079,391 shares, compared to its average volume of 3,205,626. Analog Devices, Inc. has a 1-year low of $178.66 and a 1-year high of $244.14. The company has a market capitalization of $105.49 billion, a P/E ratio of 63.92, a PEG ratio of 3.08 and a beta of 1.08. 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 firm has a fifty day moving average price of $226.16 and a 200 day moving average price of $225.02.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 21st. The semiconductor company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.08. The firm had revenue of $2.31 billion for the quarter, compared to analysts' expectations of $2.27 billion. Analog Devices had a net margin of 17.07% and a return on equity of 9.47%. The firm's quarterly revenue was down 24.8% on a year-over-year basis. During the same period in the prior year, the company posted $2.49 earnings per share. On average, equities analysts anticipate that Analog Devices, Inc. will post 6.34 earnings per share for the current year.

Analog Devices Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.92 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $3.68 annualized dividend and a yield of 1.73%. Analog Devices's dividend payout ratio (DPR) is 110.51%.

Insiders Place Their Bets

In other Analog Devices news, EVP Gregory M. Bryant sold 20,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $223.87, for a total value of $4,477,400.00. Following the sale, the executive vice president now directly owns 59,093 shares of the company's stock, valued at $13,229,149.91. This trade represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $223.87, for a total value of $2,238,700.00. Following the completion of the transaction, the chief executive officer now directly owns 21,983 shares of the company's stock, valued at $4,921,334.21. This represents a 0.00 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Gregory M. Bryant sold 20,000 shares of the business's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $223.87, for a total value of $4,477,400.00. Following the transaction, the executive vice president now owns 59,093 shares of the company's stock, valued at $13,229,149.91. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 111,495 shares of company stock valued at $25,229,958 over the last quarter. 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.