Oddo BHF Asset Management Sas Invests $20.19 Million in Analog Devices, Inc. (NASDAQ:ADI)

Oddo BHF Asset Management Sas purchased a new position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 87,736 shares of the semiconductor company's stock, valued at approximately $20,194,000. Analog Devices makes up approximately 1.0% of Oddo BHF Asset Management Sas' portfolio, making the stock its 26th largest holding.

Other hedge funds have also modified their holdings of the company. Capital Performance Advisors LLP purchased a new stake in Analog Devices during the 3rd quarter worth approximately $28,000. New Millennium Group LLC acquired a new stake in Analog Devices during the 2nd quarter worth about $29,000. Archer Investment Corp grew its stake in Analog Devices by 101.4% during the 3rd quarter. Archer Investment Corp now owns 145 shares of the semiconductor company's stock valued at $33,000 after purchasing an additional 73 shares during the last quarter. ORG Partners LLC increased its holdings in shares of 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 purchasing an additional 135 shares during the period. Finally, Hobbs Group Advisors LLC purchased a new position in shares of Analog Devices in the second quarter worth about $37,000. 86.81% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $215.83, for a total value of $2,158,300.00. Following the sale, the chief executive officer now directly owns 21,983 shares in the company, valued at approximately $4,744,590.89. The trade was a 31.27 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Gregory M. Bryant sold 30,000 shares of the stock in a transaction dated Tuesday, October 1st. The stock was sold at an average price of $228.93, for a total transaction of $6,867,900.00. Following the transaction, the executive vice president now directly owns 79,093 shares of the company's stock, valued at approximately $18,106,760.49. This trade represents a 27.50 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 110,000 shares of company stock valued at $24,754,600 over the last ninety days. Company insiders own 0.31% of the company's stock.

Analyst Ratings Changes

Several brokerages have commented on ADI. Wells Fargo & Company began coverage on shares of Analog Devices in a research note on Friday, November 22nd. They set an "equal weight" rating and a $220.00 price objective for the company. Truist Financial lowered their price target on shares of Analog Devices from $233.00 to $227.00 and set a "hold" rating on the stock in a report on Wednesday, November 27th. Bank of America reduced their price objective on Analog Devices from $260.00 to $255.00 and set a "buy" rating for the company in a research note on Thursday, August 22nd. TD Cowen lowered their target price on Analog Devices from $270.00 to $260.00 and set a "buy" rating on the stock in a research note on Wednesday, November 27th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Analog Devices in a research report on Wednesday, November 27th. Seven equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average price target of $249.33.

Analog Devices Price Performance

Shares of NASDAQ:ADI traded down $1.11 during midday trading on Friday, hitting $216.61. The company's stock had a trading volume of 3,067,133 shares, compared to its average volume of 3,225,052. The company has a market cap of $107.50 billion, a P/E ratio of 65.13, a price-to-earnings-growth ratio of 2.47 and a beta of 1.05. Analog Devices, Inc. has a 12-month low of $181.80 and a 12-month high of $244.14. The business's 50 day simple moving average is $222.40 and its 200 day simple moving average is $225.64. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.35 and a current ratio of 1.84.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its earnings results on Tuesday, November 26th. The semiconductor company reported $1.67 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.03. Analog Devices had a return on equity of 9.01% and a net margin of 17.35%. The business had revenue of $2.44 billion for the quarter, compared to analysts' expectations of $2.41 billion. During the same period in the previous year, the firm posted $2.01 EPS. The business's revenue for the quarter was down 10.1% compared to the same quarter last year. On average, analysts forecast that Analog Devices, Inc. will post 7.15 EPS for the current year.

Analog Devices Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, December 9th will be given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.70%. The ex-dividend date is Monday, December 9th. Analog Devices's payout ratio is currently 111.85%.

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.