B. Metzler seel. Sohn & Co. Holding AG purchased a new position in Analog Devices, Inc. (NASDAQ:ADI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 10,713 shares of the semiconductor company’s stock, valued at approximately $1,718,000.
A number of other institutional investors and hedge funds have also made changes to their positions in ADI. Norges Bank bought a new stake in Analog Devices in the fourth quarter worth $574,864,000. Price T Rowe Associates Inc. MD increased its position in Analog Devices by 68.2% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 4,345,668 shares of the semiconductor company’s stock worth $641,986,000 after purchasing an additional 1,761,299 shares during the last quarter. FMR LLC boosted its stake in Analog Devices by 21.0% during the fourth quarter. FMR LLC now owns 6,370,184 shares of the semiconductor company’s stock worth $941,067,000 after buying an additional 1,104,853 shares during the period. Amundi Pioneer Asset Management Inc. boosted its stake in Analog Devices by 35.7% during the fourth quarter. Amundi Pioneer Asset Management Inc. now owns 3,021,801 shares of the semiconductor company’s stock worth $446,410,000 after buying an additional 795,033 shares during the period. Finally, Egerton Capital UK LLP purchased a new position in Analog Devices during the fourth quarter worth $116,175,000. Institutional investors own 91.90% of the company’s stock.
A number of analysts recently weighed in on ADI shares. Zacks Investment Research raised shares of Analog Devices from a “hold” rating to a “buy” rating and set a $172.00 price objective for the company in a research note on Monday, February 22nd. Piper Sandler raised their price target on shares of Analog Devices from $150.00 to $180.00 and gave the company an “overweight” rating in a report on Thursday, February 25th. KeyCorp raised their price target on shares of Analog Devices from $160.00 to $175.00 and gave the company an “overweight” rating in a report on Wednesday, January 6th. Argus lifted their target price on shares of Analog Devices from $155.00 to $180.00 and gave the stock a “buy” rating in a research note on Friday, February 19th. Finally, The Goldman Sachs Group lifted their target price on shares of Analog Devices from $156.00 to $169.00 and gave the stock a “buy” rating in a research note on Monday, December 14th. Six analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The company currently has a consensus rating of “Buy” and an average price target of $157.92.
Shares of NASDAQ:ADI opened at $159.45 on Thursday. The company has a debt-to-equity ratio of 0.43, a current ratio of 1.84 and a quick ratio of 1.40. The firm has a market capitalization of $58.82 billion, a PE ratio of 48.61, a price-to-earnings-growth ratio of 2.26 and a beta of 1.31. The firm’s 50-day moving average is $154.64 and its two-hundred day moving average is $142.21. Analog Devices, Inc. has a 1 year low of $95.75 and a 1 year high of $164.40.
Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Tuesday, February 16th. The semiconductor company reported $1.44 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.32 by $0.12. Analog Devices had a net margin of 21.79% and a return on equity of 15.51%. The company had revenue of $1.56 billion for the quarter, compared to analyst estimates of $1.51 billion. During the same period in the prior year, the firm earned $1.03 earnings per share. Analysts expect that Analog Devices, Inc. will post 5.69 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Tuesday, March 9th. Investors of record on Friday, February 26th were paid a dividend of $0.69 per share. This represents a $2.76 dividend on an annualized basis and a dividend yield of 1.73%. This is a positive change from Analog Devices’s previous quarterly dividend of $0.62. The ex-dividend date was Thursday, February 25th. Analog Devices’s dividend payout ratio is presently 56.21%.
About Analog Devices
Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. The company offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency and microwave ICs to support cellular infrastructure.
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