Power Corp of Canada Has $9.19 Million Stock Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Power Corp of Canada decreased its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 26.2% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 46,272 shares of the semiconductor company’s stock after selling 16,448 shares during the quarter. Analog Devices makes up 1.0% of Power Corp of Canada’s holdings, making the stock its 22nd biggest position. Power Corp of Canada’s holdings in Analog Devices were worth $9,188,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Pinnacle Bancorp Inc. raised its stake in Analog Devices by 101.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 65 shares in the last quarter. USA Financial Formulas boosted its holdings in Analog Devices by 87.8% in the fourth quarter. USA Financial Formulas now owns 139 shares of the semiconductor company’s stock valued at $28,000 after acquiring an additional 65 shares during the last quarter. Cetera Trust Company N.A bought a new stake in Analog Devices in the fourth quarter valued at approximately $29,000. Private Wealth Management Group LLC bought a new stake in Analog Devices in the fourth quarter valued at approximately $29,000. Finally, Stuart Chaussee & Associates Inc. acquired a new position in Analog Devices in the fourth quarter valued at approximately $32,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analog Devices Trading Up 0.4 %

ADI traded up $0.93 on Tuesday, hitting $236.30. 3,098,246 shares of the company were exchanged, compared to its average volume of 3,367,978. The firm has a fifty day simple moving average of $210.19 and a two-hundred day simple moving average of $198.46. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.13 and a current ratio of 1.58. Analog Devices, Inc. has a 12 month low of $154.99 and a 12 month high of $241.88. The stock has a market capitalization of $117.26 billion, a PE ratio of 55.21, a price-to-earnings-growth ratio of 3.98 and a beta of 1.12.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Wednesday, May 22nd. The semiconductor company reported $1.40 earnings per share for the quarter, topping analysts’ consensus estimates of $1.26 by $0.14. Analog Devices had a return on equity of 10.74% and a net margin of 20.45%. 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 company earned $2.83 EPS. The business’s quarterly revenue was down 33.8% compared to the same quarter last year. Sell-side analysts expect that Analog Devices, Inc. will post 6.22 earnings per share for the current year.

Analog Devices Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, June 17th. Shareholders of record on Tuesday, June 4th will be paid a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Tuesday, June 4th. Analog Devices’s payout ratio is 85.98%.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, CAO Michael Sondel sold 4,830 shares of Analog Devices stock in a transaction on Friday, May 24th. The stock was sold at an average price of $236.58, for a total transaction of $1,142,681.40. Following the completion of the transaction, the chief accounting officer now owns 10,547 shares in the company, valued at $2,495,209.26. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In other Analog Devices news, CAO Michael Sondel sold 4,830 shares of the company’s stock in a transaction dated Friday, May 24th. The shares were sold at an average price of $236.58, for a total transaction of $1,142,681.40. Following the transaction, the chief accounting officer now owns 10,547 shares in the company, valued at approximately $2,495,209.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James Champy sold 4,200 shares of Analog Devices stock in a transaction that occurred on Tuesday, May 28th. The stock was sold at an average price of $233.55, for a total transaction of $980,910.00. Following the completion of the sale, the director now owns 6,371 shares of the company’s stock, valued at $1,487,947.05. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 33,737 shares of company stock worth $6,998,205. 0.31% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ADI shares. Cantor Fitzgerald upped their target price on Analog Devices from $205.00 to $240.00 and gave the stock a “neutral” rating in a research report on Wednesday, May 15th. Jefferies Financial Group assumed coverage on Analog Devices in a report on Monday, May 13th. They set a “buy” rating and a $250.00 price target for the company. UBS Group upped their price objective on Analog Devices from $225.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Oppenheimer upped their price objective on Analog Devices from $215.00 to $245.00 and gave the company an “outperform” rating in a research note on Thursday, May 16th. Finally, Robert W. Baird upped their price objective on Analog Devices from $200.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, May 24th. Seven analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $243.23.

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.