Boston Trust Walden Corp Decreases Stake in Analog Devices, Inc. (NASDAQ:ADI)

Boston Trust Walden Corp trimmed its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 11.3% during the third quarter, according to its most recent 13F filing with the SEC. The firm owned 316,612 shares of the semiconductor company's stock after selling 40,335 shares during the period. Boston Trust Walden Corp owned about 0.06% of Analog Devices worth $72,875,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Norden Group LLC boosted its position in Analog Devices by 1,534.0% in the 1st quarter. Norden Group LLC now owns 27,076 shares of the semiconductor company's stock valued at $5,355,000 after buying an additional 25,419 shares during the period. New Mexico Educational Retirement Board grew its stake in Analog Devices by 16.4% during the 1st quarter. New Mexico Educational Retirement Board now owns 30,586 shares of the semiconductor company's stock worth $6,050,000 after purchasing an additional 4,300 shares in the last quarter. Tidal Investments LLC grew its stake in Analog Devices by 24.9% during the 1st quarter. Tidal Investments LLC now owns 31,715 shares of the semiconductor company's stock worth $6,268,000 after purchasing an additional 6,314 shares in the last quarter. BDF Gestion purchased a new stake in Analog Devices during the 2nd quarter worth about $4,491,000. Finally, Envestnet Portfolio Solutions Inc. raised its position in Analog Devices by 3.2% in the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 74,092 shares of the semiconductor company's stock valued at $16,912,000 after purchasing an additional 2,280 shares in the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. JPMorgan Chase & Co. boosted their price objective on Analog Devices from $260.00 to $280.00 and gave the stock an "overweight" rating in a research report on Thursday, August 22nd. Needham & Company LLC reiterated a "hold" rating on shares of Analog Devices in a report on Thursday, August 22nd. Cantor Fitzgerald restated a "neutral" rating and issued a $250.00 price objective on shares of Analog Devices in a report on Tuesday, October 8th. Morgan Stanley lifted their price objective on shares of Analog Devices from $250.00 to $257.00 and gave the stock an "overweight" rating in a research report on Thursday, August 22nd. Finally, Truist Financial lowered Analog Devices from a "buy" rating to a "hold" rating and dropped their target price for the company from $266.00 to $233.00 in a report on Monday, September 23rd. Six research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $249.80.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, EVP Gregory M. Bryant sold 30,000 shares of Analog Devices stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $224.10, for a total value of $6,723,000.00. Following the transaction, the executive vice president now directly owns 109,093 shares in the company, valued at approximately $24,447,741.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other Analog Devices news, EVP Gregory M. Bryant sold 30,000 shares of Analog Devices stock in a transaction that occurred on Wednesday, September 25th. The stock was sold at an average price of $224.10, for a total value of $6,723,000.00. Following the transaction, the executive vice president now directly owns 109,093 shares in the company, valued at approximately $24,447,741.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Edward H. Frank sold 500 shares of Analog Devices stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $227.24, for a total value of $113,620.00. Following the completion of the transaction, the director now owns 4,748 shares in the company, valued at $1,078,935.52. This trade represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 91,495 shares of company stock worth $20,794,658. 0.31% of the stock is currently owned by insiders.

Analog Devices Stock Performance

ADI stock traded up $0.49 on Friday, hitting $230.17. The company's stock had a trading volume of 1,733,471 shares, compared to its average volume of 3,223,514. The stock has a market cap of $114.21 billion, a price-to-earnings ratio of 53.78, a price-to-earnings-growth ratio of 3.87 and a beta of 1.07. The firm has a 50 day moving average of $226.85 and a two-hundred day moving average of $221.99. The company has a current ratio of 1.69, a quick ratio of 1.24 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a 1 year low of $154.99 and a 1 year high of $244.14.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its earnings results on Wednesday, August 21st. The semiconductor company reported $1.58 EPS for the quarter, beating analysts' consensus estimates of $1.50 by $0.08. The business had revenue of $2.31 billion during 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 business's revenue was down 24.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.49 earnings per share. Equities analysts predict that Analog Devices, Inc. will post 6.34 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were paid a $0.92 dividend. The ex-dividend date was Tuesday, September 3rd. This represents a $3.68 annualized dividend and a dividend yield of 1.60%. Analog Devices's dividend payout ratio (DPR) is currently 85.98%.

About Analog Devices

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.