KBC Group NV Has $43.18 Million Stock Position in Analog Devices, Inc. (NASDAQ:ADI)

KBC Group NV reduced its stake in shares of Analog Devices, Inc. (NASDAQ:ADIFree Report) by 15.9% during the 4th quarter, according to its most recent 13F filing with the SEC. The firm owned 217,458 shares of the semiconductor company’s stock after selling 41,034 shares during the period. KBC Group NV’s holdings in Analog Devices were worth $43,179,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently bought and sold shares of the stock. Pinnacle Bancorp Inc. grew its stake in shares of Analog Devices by 101.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 65 shares in the last quarter. USA Financial Formulas grew its stake in shares of Analog Devices by 87.8% during the 4th quarter. USA Financial Formulas now owns 139 shares of the semiconductor company’s stock worth $28,000 after acquiring an additional 65 shares in the last quarter. Cetera Trust Company N.A bought a new position in shares of Analog Devices during the 4th quarter worth approximately $29,000. Private Wealth Management Group LLC bought a new position in shares of Analog Devices during the 4th quarter worth approximately $29,000. Finally, Stuart Chaussee & Associates Inc. bought a new position in shares of Analog Devices in the fourth quarter valued at $32,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Analog Devices

In other news, Director James Champy sold 1,228 shares of Analog Devices stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $197.64, for a total value of $242,701.92. Following the completion of the sale, the director now owns 6,371 shares in the company, valued at approximately $1,259,164.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other Analog Devices news, Director James Champy sold 1,228 shares of the business’s stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $197.64, for a total transaction of $242,701.92. Following the completion of the sale, the director now owns 6,371 shares in the company, valued at approximately $1,259,164.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Vivek Jain sold 3,479 shares of the business’s stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $197.56, for a total transaction of $687,311.24. Following the sale, the executive vice president now owns 5,745 shares of the company’s stock, valued at approximately $1,134,982.20. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,737 shares of company stock worth $6,998,205. Company insiders own 0.31% of the company’s stock.

Analog Devices Price Performance

ADI stock opened at $231.61 on Tuesday. 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 12 month low of $154.99 and a 12 month high of $241.88. The firm has a market cap of $114.93 billion, a P/E ratio of 54.25, a P/E/G ratio of 3.97 and a beta of 1.12. The company’s 50-day moving average price is $205.37 and its two-hundred day moving average price is $196.25.

Analog Devices (NASDAQ:ADIGet Free Report) last released its earnings results on Wednesday, May 22nd. The semiconductor company reported $1.40 EPS for the quarter, beating 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 firm had revenue of $2.16 billion for the quarter, compared to analyst estimates of $2.11 billion. During the same period last year, the firm earned $2.83 EPS. The business’s quarterly revenue was down 33.8% compared to the same quarter last year. On average, analysts anticipate that Analog Devices, Inc. will post 6.22 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 Monday, June 17th. Stockholders of record on Tuesday, June 4th will be given a $0.92 dividend. The ex-dividend date is Tuesday, June 4th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.59%. Analog Devices’s dividend payout ratio (DPR) is currently 85.98%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ADI. JPMorgan Chase & Co. increased their price target on shares of Analog Devices from $220.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. Needham & Company LLC reiterated a “hold” rating on shares of Analog Devices in a report on Thursday, May 23rd. Morgan Stanley upped their price objective on Analog Devices from $221.00 to $260.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. KeyCorp lifted their target price on Analog Devices from $230.00 to $285.00 and gave the stock an “overweight” rating in a research note on Thursday, May 23rd. Finally, Bank of America lifted their target price on Analog Devices from $225.00 to $260.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Seven research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $243.23.

Check Out Our Latest Stock Analysis on Analog Devices

Analog Devices Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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