KBC Group NV Has $49.76 Million Stake in Analog Devices, Inc. (NASDAQ:ADI)

KBC Group NV lessened its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 1.5% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 216,167 shares of the semiconductor company's stock after selling 3,325 shares during the period. KBC Group NV's holdings in Analog Devices were worth $49,755,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. grew its stake in Analog Devices by 4.7% during the first quarter. Vanguard Group Inc. now owns 47,716,169 shares of the semiconductor company's stock valued at $9,437,781,000 after acquiring an additional 2,160,668 shares in the last quarter. Price T Rowe Associates Inc. MD grew its position in shares of Analog Devices by 19.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,163,882 shares of the semiconductor company's stock valued at $1,614,735,000 after purchasing an additional 1,330,242 shares in the last quarter. Capital International Investors increased its holdings in shares of Analog Devices by 14.3% in the first quarter. Capital International Investors now owns 5,155,597 shares of the semiconductor company's stock worth $1,019,726,000 after purchasing an additional 644,945 shares during the last quarter. Van ECK Associates Corp lifted its position in shares of Analog Devices by 17.3% in the third quarter. Van ECK Associates Corp now owns 4,754,759 shares of the semiconductor company's stock worth $1,078,617,000 after buying an additional 700,862 shares in the last quarter. Finally, American Century Companies Inc. boosted its stake in Analog Devices by 21.4% during the second quarter. American Century Companies Inc. now owns 4,351,585 shares of the semiconductor company's stock valued at $993,293,000 after buying an additional 767,534 shares during the last quarter. Hedge funds and other institutional investors own 86.81% of the company's stock.

Analyst Ratings Changes

Several research analysts recently commented on ADI shares. Barclays lifted their price target on Analog Devices from $235.00 to $250.00 and gave the stock an "equal weight" rating in a research report on Thursday, July 18th. Bank of America decreased their price target on Analog Devices from $260.00 to $255.00 and set a "buy" rating on the stock in a report on Thursday, August 22nd. Oppenheimer reaffirmed an "outperform" rating and set a $245.00 price objective on shares of Analog Devices in a research note on Thursday, August 22nd. Cantor Fitzgerald reissued a "neutral" rating and issued a $250.00 target price on shares of Analog Devices in a research note on Tuesday, October 8th. Finally, Truist Financial cut shares of Analog Devices from a "buy" rating to a "hold" rating and dropped their price target for the stock from $266.00 to $233.00 in a research note on Monday, September 23rd. Six investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $249.80.

Insider Buying and Selling

In other Analog Devices news, Director Edward H. Frank sold 995 shares of Analog Devices stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $234.31, for a total transaction of $233,138.45. Following the sale, the director now directly owns 3,753 shares in the company, valued at $879,365.43. The trade was a 20.96 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Gregory M. Bryant sold 30,000 shares of the stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $224.10, for a total transaction of $6,723,000.00. Following the sale, the executive vice president now directly owns 109,093 shares in the company, valued at $24,447,741.30. This trade represents a 21.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 111,495 shares of company stock worth $25,229,958 in the last 90 days. Company insiders own 0.31% of the company's stock.

Analog Devices Stock Performance

ADI stock traded down $5.89 on Friday, hitting $206.35. The company had a trading volume of 3,880,957 shares, compared to its average volume of 3,218,283. The stock's 50-day simple moving average is $226.02 and its 200 day simple moving average is $224.94. 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 stock has a market cap of $102.45 billion, a price-to-earnings ratio of 63.09, a P/E/G ratio of 2.98 and a beta of 1.08. Analog Devices, Inc. has a 12-month low of $178.66 and a 12-month high of $244.14.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings results on Wednesday, August 21st. The semiconductor company reported $1.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.50 by $0.08. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.27 billion. Analog Devices had a net margin of 17.07% and a return on equity of 9.47%. The business's revenue for the quarter was down 24.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.49 earnings per share. As a group, equities research analysts expect that Analog Devices, Inc. will post 6.34 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were issued a $0.92 dividend. This represents a $3.68 annualized dividend and a dividend yield of 1.78%. The ex-dividend date was Tuesday, September 3rd. Analog Devices's payout ratio is 110.51%.

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.