Analog Devices, Inc. (NASDAQ:ADI) Shares Bought by Wilmington Savings Fund Society FSB

Wilmington Savings Fund Society FSB lifted its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 13.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 113,055 shares of the semiconductor company's stock after purchasing an additional 13,788 shares during the quarter. Wilmington Savings Fund Society FSB's holdings in Analog Devices were worth $26,022,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ADI. Sfmg LLC increased its stake in shares of Analog Devices by 64.9% in the 3rd quarter. Sfmg LLC now owns 2,252 shares of the semiconductor company's stock valued at $518,000 after purchasing an additional 886 shares in the last quarter. World Investment Advisors LLC grew its holdings in Analog Devices by 4,581.5% in the third quarter. World Investment Advisors LLC now owns 42,180 shares of the semiconductor company's stock valued at $9,709,000 after purchasing an additional 41,279 shares during the period. Pine Valley Investments Ltd Liability Co grew its holdings in Analog Devices by 0.9% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 7,680 shares of the semiconductor company's stock valued at $1,768,000 after purchasing an additional 65 shares during the period. Anchor Investment Management LLC increased its position in shares of Analog Devices by 33.2% in the third quarter. Anchor Investment Management LLC now owns 2,485 shares of the semiconductor company's stock valued at $572,000 after buying an additional 619 shares in the last quarter. Finally, SkyView Investment Advisors LLC raised its stake in shares of Analog Devices by 4.1% during the 3rd quarter. SkyView Investment Advisors LLC now owns 3,261 shares of the semiconductor company's stock worth $751,000 after buying an additional 128 shares during the period. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analog Devices Trading Up 0.3 %

NASDAQ:ADI traded up $0.60 on Thursday, hitting $217.72. The stock had a trading volume of 2,992,493 shares, compared to its average volume of 3,225,634. The company has a fifty day moving average price of $222.57 and a two-hundred day moving average price of $225.70. Analog Devices, Inc. has a 1-year low of $181.80 and a 1-year 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 market cap of $108.05 billion, a price-to-earnings ratio of 65.72, a PEG ratio of 2.48 and a beta of 1.05.

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

Analog Devices Announces Dividend

The firm 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 dividend on an annualized basis and a dividend yield of 1.69%. The ex-dividend date of this dividend is Monday, December 9th. Analog Devices's payout ratio is 111.85%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ADI. Cantor Fitzgerald reissued a "neutral" rating and issued a $250.00 price target on shares of Analog Devices in a research note on Tuesday, October 8th. TD Cowen dropped their target price on shares of Analog Devices from $270.00 to $260.00 and set a "buy" rating on the stock in a research report on Wednesday, November 27th. Wells Fargo & Company initiated coverage on shares of Analog Devices in a research report on Friday, November 22nd. They set an "equal weight" rating and a $220.00 price target for the company. Truist Financial decreased their price target on shares of Analog Devices from $233.00 to $227.00 and set a "hold" rating on the stock in a research note on Wednesday, November 27th. Finally, Piper Sandler cut their price objective on Analog Devices from $235.00 to $220.00 and set a "neutral" rating for the company in a research note 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 stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus price target of $249.33.

Insider Activity at Analog Devices

In other news, EVP Gregory M. Bryant sold 30,000 shares of Analog Devices 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 completion of the sale, the executive vice president now directly owns 109,093 shares of the company's stock, valued at approximately $24,447,741.30. The trade was a 21.57 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $228.93, for a total value of $2,289,300.00. Following the completion of the sale, the chief executive officer now owns 45,326 shares in the company, valued at $10,376,481.18. This represents a 18.07 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 110,000 shares of company stock worth $24,754,600. Company 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.