Stock Yards Bank & Trust Co. Sells 4,286 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Stock Yards Bank & Trust Co. decreased its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 3.2% during the third quarter, according to the company in its most recent disclosure with the SEC. The firm owned 129,441 shares of the semiconductor company's stock after selling 4,286 shares during the quarter. Stock Yards Bank & Trust Co.'s holdings in Analog Devices were worth $29,793,000 at the end of the most recent quarter.

A number of other large investors have also made changes to their positions in ADI. Baader Bank Aktiengesellschaft raised its holdings in Analog Devices by 3.9% in the 2nd quarter. Baader Bank Aktiengesellschaft now owns 1,143 shares of the semiconductor company's stock worth $259,000 after purchasing an additional 43 shares during the period. Grove Bank & Trust raised its stake in shares of Analog Devices by 3.1% in the third quarter. Grove Bank & Trust now owns 1,445 shares of the semiconductor company's stock worth $333,000 after buying an additional 43 shares during the period. Legacy Financial Advisors Inc. lifted its position in shares of Analog Devices by 1.4% during the 2nd quarter. Legacy Financial Advisors Inc. now owns 3,482 shares of the semiconductor company's stock valued at $795,000 after buying an additional 48 shares in the last quarter. Quotient Wealth Partners LLC grew its stake in shares of Analog Devices by 2.5% during the 3rd quarter. Quotient Wealth Partners LLC now owns 1,977 shares of the semiconductor company's stock valued at $455,000 after acquiring an additional 48 shares during the period. Finally, Bank of Hawaii increased its holdings in Analog Devices by 4.8% in the 3rd quarter. Bank of Hawaii now owns 1,043 shares of the semiconductor company's stock worth $240,000 after acquiring an additional 48 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors.

Analog Devices Trading Up 0.3 %

NASDAQ ADI traded up $0.60 during trading hours on Thursday, hitting $217.72. 2,976,856 shares of the company were exchanged, compared to its average volume of 3,225,634. Analog Devices, Inc. has a 52 week low of $181.80 and a 52 week high of $244.14. The company has a quick ratio of 1.35, a current ratio of 1.84 and a debt-to-equity ratio of 0.19. The stock has a 50-day moving average price of $222.57 and a 200 day moving average price of $225.70. The stock has a market cap of $108.05 billion, a PE ratio of 65.72, a price-to-earnings-growth ratio of 2.48 and a beta of 1.05.

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

Analog Devices Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Friday, December 20th. Investors of record on Monday, December 9th will be paid a dividend of $0.92 per share. The ex-dividend date is Monday, December 9th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.69%. Analog Devices's dividend payout ratio is presently 111.85%.

Analyst Ratings Changes

Several equities analysts have weighed in on the stock. TD Cowen lowered their price target on shares of Analog Devices from $270.00 to $260.00 and set a "buy" rating on the stock in a report on Wednesday, November 27th. Oppenheimer restated an "outperform" rating and set a $245.00 target price on shares of Analog Devices in a research note on Thursday, August 22nd. Needham & Company LLC reiterated a "hold" rating on shares of Analog Devices in a research note on Wednesday, November 27th. Wells Fargo & Company started coverage on Analog Devices in a research report on Friday, November 22nd. They issued an "equal weight" rating and a $220.00 price objective on the stock. Finally, Truist Financial cut their target price on Analog Devices from $233.00 to $227.00 and set a "hold" rating for the company in a research report on Wednesday, November 27th. Seven research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $249.33.

Insider Activity at Analog Devices

In other Analog Devices news, EVP Gregory M. Bryant sold 30,000 shares of the company's stock in a transaction 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 owns 109,093 shares of the company's stock, valued at $24,447,741.30. This represents a 21.57 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction 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 sale, the chief executive officer now owns 21,983 shares of the company's stock, valued at approximately $4,921,334.21. This trade represents a 31.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 100,000 shares of company stock worth $22,596,300. 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.