XTX Topco Ltd Purchases 5,558 Shares of Analog Devices, Inc. (NASDAQ:ADI)

XTX Topco Ltd lifted its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 58.0% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 15,146 shares of the semiconductor company's stock after buying an additional 5,558 shares during the period. XTX Topco Ltd's holdings in Analog Devices were worth $3,486,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Capital Performance Advisors LLP bought a new stake in shares of Analog Devices in the third quarter worth about $28,000. New Millennium Group LLC bought a new stake in shares of Analog Devices in the second quarter worth about $29,000. Archer Investment Corp grew its stake in shares of Analog Devices by 101.4% in the third quarter. Archer Investment Corp now owns 145 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 73 shares during the last quarter. ORG Partners LLC grew its stake 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 worth $35,000 after purchasing an additional 135 shares during the last quarter. Finally, Hobbs Group Advisors LLC bought a new stake in shares of Analog Devices in the second quarter worth about $37,000. Hedge funds and other institutional investors own 86.81% of the company's stock.

Analyst Ratings Changes

Several research firms have weighed in on ADI. Morgan Stanley cut their price objective on Analog Devices from $252.00 to $248.00 and set an "overweight" rating on the stock in a research report on Wednesday, November 27th. Cantor Fitzgerald reaffirmed a "neutral" rating and set a $250.00 price objective on shares of Analog Devices in a research report on Tuesday, October 8th. Piper Sandler cut their price objective on Analog Devices from $235.00 to $220.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 27th. TD Cowen cut their price objective on Analog Devices from $270.00 to $260.00 and set a "buy" rating on the stock in a research report on Wednesday, November 27th. Finally, Bank of America cut their price objective on Analog Devices from $260.00 to $255.00 and set a "buy" rating on the stock in a research report on Thursday, August 22nd. Seven investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus price target of $249.33.

Analog Devices Stock Up 1.7 %

NASDAQ ADI traded up $3.65 during mid-day trading on Friday, reaching $218.20. The stock had a trading volume of 3,189,366 shares, compared to its average volume of 3,278,270. The stock has a market cap of $108.29 billion, a PE ratio of 66.32, a price-to-earnings-growth ratio of 2.48 and a beta of 1.05. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.84 and a quick ratio of 1.35. The company has a fifty day moving average price of $223.45 and a 200 day moving average price of $226.02. Analog Devices, Inc. has a 1 year low of $180.37 and a 1 year high of $244.14.

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

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, December 20th. Shareholders 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 yield of 1.69%. Analog Devices's dividend payout ratio is presently 111.85%.

Insider Buying and Selling at Analog Devices

In other 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 completion of the sale, the executive vice president now directly owns 109,093 shares in the company, valued at $24,447,741.30. This represents a 21.57 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Vincent Roche sold 10,000 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 value of $2,238,700.00. Following the completion of the sale, the chief executive officer now owns 21,983 shares of the company's stock, valued at $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 sold 100,000 shares of company stock worth $22,596,300. Insiders own 0.31% of the company's stock.

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.