TIAA Trust National Association Grows Holdings in Analog Devices, Inc. (NASDAQ:ADI)

TIAA Trust National Association boosted its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 1.7% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 21,866 shares of the semiconductor company’s stock after acquiring an additional 360 shares during the period. TIAA Trust National Association’s holdings in Analog Devices were worth $4,325,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Amarillo National Bank grew its stake in shares of Analog Devices by 3.7% in the fourth quarter. Amarillo National Bank now owns 1,511 shares of the semiconductor company’s stock worth $300,000 after acquiring an additional 54 shares during the last quarter. Mcdonald Partners LLC grew its position in Analog Devices by 0.7% during the 1st quarter. Mcdonald Partners LLC now owns 7,567 shares of the semiconductor company’s stock valued at $1,497,000 after purchasing an additional 54 shares during the last quarter. Keystone Financial Services increased its stake in Analog Devices by 1.8% during the 4th quarter. Keystone Financial Services now owns 3,136 shares of the semiconductor company’s stock valued at $623,000 after purchasing an additional 55 shares in the last quarter. Signaturefd LLC raised its holdings in Analog Devices by 0.5% in the first quarter. Signaturefd LLC now owns 11,003 shares of the semiconductor company’s stock worth $2,176,000 after buying an additional 59 shares during the last quarter. Finally, Wealth Alliance lifted its stake in shares of Analog Devices by 3.6% in the fourth quarter. Wealth Alliance now owns 1,769 shares of the semiconductor company’s stock worth $351,000 after buying an additional 61 shares in the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, EVP Gregory M. Bryant sold 17,612 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $233.94, for a total value of $4,120,151.28. Following the transaction, the executive vice president now directly owns 69,241 shares in the company, valued at $16,198,239.54. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other news, EVP Gregory M. Bryant sold 17,612 shares of Analog Devices stock in a transaction that occurred on Thursday, June 13th. The shares were sold at an average price of $233.94, for a total transaction of $4,120,151.28. Following the sale, the executive vice president now owns 69,241 shares in the company, valued at $16,198,239.54. 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 business’s stock in a transaction on Monday, July 1st. The stock was sold at an average price of $226.70, for a total transaction of $2,267,000.00. Following the completion of the transaction, the chief executive officer now directly owns 51,039 shares in the company, valued at approximately $11,570,541.30. The disclosure for this sale can be found here. In the last quarter, insiders sold 46,642 shares of company stock worth $10,481,343. Corporate insiders own 0.31% of the company’s stock.

Analog Devices Stock Performance

ADI traded up $6.76 during midday trading on Monday, reaching $237.98. The company had a trading volume of 867,956 shares, compared to its average volume of 3,250,400. The business has a 50-day moving average of $230.45 and a two-hundred day moving average of $206.60. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a 1 year low of $154.99 and a 1 year high of $244.14. The company has a market cap of $118.09 billion, a P/E ratio of 55.28, a P/E/G ratio of 3.90 and a beta of 1.08.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, May 22nd. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.26 by $0.14. Analog Devices had a net margin of 20.45% and a return on equity of 10.74%. The company had revenue of $2.16 billion during the quarter, compared to analyst estimates of $2.11 billion. During the same period in the prior year, the firm posted $2.83 EPS. The firm’s quarterly revenue was down 33.8% compared to the same quarter last year. As a group, equities research analysts predict that Analog Devices, Inc. will post 6.24 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, June 4th were paid a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.55%. The ex-dividend date of this dividend was Tuesday, June 4th. Analog Devices’s dividend payout ratio (DPR) is 85.98%.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ADI. KeyCorp raised their price target on shares of Analog Devices from $230.00 to $285.00 and gave the company an “overweight” rating in a research report on Thursday, May 23rd. Needham & Company LLC reissued a “hold” rating on shares of Analog Devices in a report on Thursday, May 23rd. Robert W. Baird boosted their price target on Analog Devices from $200.00 to $250.00 and gave the stock an “outperform” rating in a research note on Friday, May 24th. Barclays increased their price objective on Analog Devices from $235.00 to $250.00 and gave the company an “equal weight” rating in a research report on Thursday. Finally, TD Cowen boosted their target price on Analog Devices from $210.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Seven research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $245.50.

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.