Commerzbank Aktiengesellschaft FI Has $2.36 Million Stock Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Commerzbank Aktiengesellschaft FI increased its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 312.6% during the 3rd quarter, HoldingsChannel reports. The firm owned 10,241 shares of the semiconductor company’s stock after purchasing an additional 7,759 shares during the period. Commerzbank Aktiengesellschaft FI’s holdings in Analog Devices were worth $2,358,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of ADI. Meadow Creek Wealth Advisors LLC raised its holdings in Analog Devices by 61.3% during the 3rd quarter. Meadow Creek Wealth Advisors LLC now owns 1,560 shares of the semiconductor company’s stock worth $359,000 after buying an additional 593 shares during the period. Weaver Capital Management LLC raised its holdings in shares of Analog Devices by 2.6% during the third quarter. Weaver Capital Management LLC now owns 4,257 shares of the semiconductor company’s stock worth $980,000 after acquiring an additional 107 shares during the period. Narwhal Capital Management boosted its stake in Analog Devices by 15.6% in the 3rd quarter. Narwhal Capital Management now owns 45,066 shares of the semiconductor company’s stock worth $10,373,000 after purchasing an additional 6,083 shares during the period. Blossom Wealth Management boosted its stake in Analog Devices by 3.0% in the 3rd quarter. Blossom Wealth Management now owns 1,881 shares of the semiconductor company’s stock worth $433,000 after purchasing an additional 55 shares during the period. Finally, Private Advisor Group LLC increased its holdings in Analog Devices by 6.4% during the 3rd quarter. Private Advisor Group LLC now owns 20,936 shares of the semiconductor company’s stock worth $4,818,000 after purchasing an additional 1,264 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Analog Devices news, Director Edward H. Frank sold 500 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $227.24, for a total value of $113,620.00. Following the completion of the transaction, the director now directly owns 4,748 shares in the company, valued at approximately $1,078,935.52. This represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. In other Analog Devices news, Director Edward H. Frank sold 500 shares of the stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $227.24, for a total transaction of $113,620.00. Following the completion of the sale, the director now owns 4,748 shares of the company’s stock, valued at approximately $1,078,935.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 transaction of $6,723,000.00. Following the transaction, the executive vice president now directly owns 109,093 shares of the company’s stock, valued at $24,447,741.30. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 91,495 shares of company stock worth $20,794,658 in the last 90 days. Insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Bank of America cut their target price on Analog Devices from $260.00 to $255.00 and set a “buy” rating on the stock in a research note on Thursday, August 22nd. Barclays increased their price target on Analog Devices from $235.00 to $250.00 and gave the company an “equal weight” rating in a research report on Thursday, July 18th. JPMorgan Chase & Co. boosted their price target on Analog Devices from $260.00 to $280.00 and gave the stock an “overweight” rating in a research report on Thursday, August 22nd. Needham & Company LLC reissued a “hold” rating on shares of Analog Devices in a report on Thursday, August 22nd. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and set a $250.00 price target on shares of Analog Devices in a research report on Tuesday, October 8th. Six analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $249.80.

Analog Devices Stock Performance

Shares of NASDAQ ADI opened at $226.99 on Wednesday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.69 and a quick ratio of 1.24. The firm has a market cap of $112.64 billion, a price-to-earnings ratio of 52.48, a P/E/G ratio of 3.87 and a beta of 1.07. The stock’s fifty day moving average price is $226.36 and its two-hundred day moving average price is $221.66. Analog Devices, Inc. has a one year low of $154.99 and a one year high of $244.14.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, August 21st. The semiconductor company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.08. Analog Devices had a return on equity of 9.47% and a net margin of 17.07%. The firm had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.27 billion. During the same quarter in the previous year, the business posted $2.49 earnings per share. The business’s revenue for the quarter was down 24.8% on a year-over-year basis. On average, equities analysts forecast that Analog Devices, Inc. will post 6.34 EPS for the current year.

Analog Devices Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 1.62%. The ex-dividend date was Tuesday, September 3rd. Analog Devices’s dividend payout ratio (DPR) is 85.98%.

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.