Natixis Advisors LLC Raises Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Natixis Advisors LLC lifted its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 6.9% during the 3rd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 763,472 shares of the semiconductor company's stock after purchasing an additional 49,612 shares during the period. Natixis Advisors LLC owned about 0.15% of Analog Devices worth $175,728,000 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. Summit Global Investments purchased a new position in shares of Analog Devices during the 3rd quarter valued at about $867,000. Versor Investments LP purchased a new stake in Analog Devices during the 3rd quarter valued at approximately $952,000. Tidal Investments LLC raised its position in shares of Analog Devices by 24.9% during the first quarter. Tidal Investments LLC now owns 31,715 shares of the semiconductor company's stock valued at $6,268,000 after buying an additional 6,314 shares during the last quarter. BDF Gestion bought a new position in shares of Analog Devices during the second quarter worth $4,491,000. Finally, Envestnet Portfolio Solutions Inc. increased its holdings 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 acquiring an additional 2,280 shares during the last quarter. Hedge funds and other institutional investors own 86.81% of the company's stock.

Insider Buying and Selling

In other Analog Devices news, Director Edward H. Frank sold 995 shares of the firm's stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $234.31, for a total value of $233,138.45. Following the transaction, the director now owns 3,753 shares in the company, valued at approximately $879,365.43. This trade represents a 20.96 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Gregory M. Bryant sold 20,000 shares of the company's stock in a transaction on Friday, November 1st. The stock was sold at an average price of $223.87, for a total transaction 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. The trade was a 25.29 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 111,495 shares of company stock valued at $25,229,958. 0.31% of the stock is owned by company insiders.

Analog Devices Stock Performance

Shares of NASDAQ ADI traded down $5.89 during trading on Friday, reaching $206.35. 3,880,962 shares of the company traded hands, compared to its average volume of 3,218,283. The stock has a market cap of $102.45 billion, a P/E ratio of 61.97, a PEG ratio of 2.98 and a beta of 1.08. The firm's fifty day simple moving average is $225.88 and its 200 day simple moving average is $224.95. 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 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 data on Wednesday, August 21st. The semiconductor company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.50 by $0.08. Analog Devices had a return on equity of 9.47% and a net margin of 17.07%. The business had revenue of $2.31 billion for the quarter, compared to analyst estimates of $2.27 billion. During the same quarter in the prior year, the firm posted $2.49 EPS. The business's quarterly revenue was down 24.8% compared to the same quarter last year. As a group, research analysts anticipate that Analog Devices, Inc. will post 6.34 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Oppenheimer restated an "outperform" rating and set a $245.00 price objective on shares of Analog Devices in a research report on Thursday, August 22nd. Morgan Stanley upped their price objective on Analog Devices from $250.00 to $257.00 and gave the stock an "overweight" rating in a report on Thursday, August 22nd. JPMorgan Chase & Co. increased their target price on Analog Devices from $260.00 to $280.00 and gave the company an "overweight" rating in a research report on Thursday, August 22nd. Truist Financial cut shares of Analog Devices from a "buy" rating to a "hold" rating and reduced their price target for the stock from $266.00 to $233.00 in a research report on Monday, September 23rd. 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 stock. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $249.80.

Analog Devices Company 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.