Dana Investment Advisors Inc. boosted its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 13.3% in the fourth quarter, HoldingsChannel reports. The fund owned 108,505 shares of the semiconductor company’s stock after acquiring an additional 12,770 shares during the period. Analog Devices accounts for 0.9% of Dana Investment Advisors Inc.’s portfolio, making the stock its 21st biggest holding. Dana Investment Advisors Inc.’s holdings in Analog Devices were worth $29,427,000 at the end of the most recent reporting period.
A number of other large investors also recently bought and sold shares of the business. 1620 Investment Advisors Inc. lifted its position in Analog Devices by 5.0% during the 4th quarter. 1620 Investment Advisors Inc. now owns 671 shares of the semiconductor company’s stock valued at $182,000 after acquiring an additional 32 shares during the period. Stephens Inc. AR lifted its position in Analog Devices by 2.2% during the 4th quarter. Stephens Inc. AR now owns 3,671 shares of the semiconductor company’s stock valued at $995,000 after acquiring an additional 79 shares during the period. AlphaCore Capital LLC increased its stake in Analog Devices by 47.0% during the 4th quarter. AlphaCore Capital LLC now owns 9,059 shares of the semiconductor company’s stock valued at $2,457,000 after purchasing an additional 2,896 shares in the last quarter. Commerzbank Aktiengesellschaft FI increased its stake in Analog Devices by 29.6% during the 4th quarter. Commerzbank Aktiengesellschaft FI now owns 19,561 shares of the semiconductor company’s stock valued at $5,305,000 after purchasing an additional 4,463 shares in the last quarter. Finally, Kapstone Financial Advisors LLC increased its stake in Analog Devices by 6.7% during the 4th quarter. Kapstone Financial Advisors LLC now owns 2,917 shares of the semiconductor company’s stock valued at $791,000 after purchasing an additional 183 shares in the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.
Analog Devices Stock Performance
Shares of NASDAQ ADI opened at $417.49 on Friday. The firm’s 50-day moving average price is $353.44 and its 200-day moving average price is $310.00. The company has a quick ratio of 1.35, a current ratio of 1.76 and a debt-to-equity ratio of 0.21. The company has a market cap of $203.82 billion, a PE ratio of 76.32, a PEG ratio of 1.72 and a beta of 1.19. Analog Devices, Inc. has a 52-week low of $206.00 and a 52-week high of $435.72.
Analog Devices Increases Dividend
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Stockholders of record on Tuesday, March 3rd were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date of this dividend was Tuesday, March 3rd. This is a boost from Analog Devices’s previous quarterly dividend of $0.99. Analog Devices’s payout ratio is 80.44%.
Wall Street Analysts Forecast Growth
A number of analysts have weighed in on the stock. Robert W. Baird set a $365.00 price objective on shares of Analog Devices in a research note on Thursday, February 19th. Wall Street Zen lowered shares of Analog Devices from a “buy” rating to a “hold” rating in a research note on Saturday. UBS Group raised their price objective on shares of Analog Devices from $400.00 to $430.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. Citigroup restated a “buy” rating on shares of Analog Devices in a research note on Thursday, February 19th. Finally, Oppenheimer raised their price objective on shares of Analog Devices from $400.00 to $450.00 and gave the company an “outperform” rating in a research note on Tuesday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and four have given a Hold rating to the company. According to MarketBeat, Analog Devices presently has an average rating of “Moderate Buy” and a consensus price target of $379.54.
Read Our Latest Stock Report on ADI
Analog Devices News Roundup
Here are the key news stories impacting Analog Devices this week:
- Positive Sentiment: Analysts and market commentary continue to highlight ADI’s exposure to AI-driven data center spending, broad-based revenue growth, and expanding margins, supporting the stock’s strength. Analog Devices Climbs 57% YTD: Time to Buy, Sell or Hold the Stock?
- Positive Sentiment: Cantor Fitzgerald raised its price target on Analog Devices to $510 from $400 and kept an Overweight rating, citing a firmer analog semiconductor cycle and improving demand trends. Analog Devices (ADI): The Best Electric Vehicle Supply Chain Stock to Invest In
- Positive Sentiment: ADI is also being singled out as a stock to own in the current tech rally, with AI optimism and a stronger market backdrop improving sentiment toward the shares. 4 Tech Stocks to Buy as S&P 500 Closes Above 7,500 Milestone
- Neutral Sentiment: With ADI’s Q2 earnings approaching, investors are watching Wall Street’s estimates for revenue, EPS, and key operating metrics for clues on whether momentum can continue. Ahead of Analog Devices (ADI) Q2 Earnings: Get Ready With Wall Street Estimates for Key Metrics
- Neutral Sentiment: Recent articles also note that while ADI’s stock has already posted a strong multi-month run, investors are weighing whether the valuation leaves room for more upside after the rally. 2 Reasons to Like ADI (and 1 Not So Much)
Insider Transactions at Analog Devices
In other news, CAO Michael Sondel sold 4,199 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $361.02, for a total transaction of $1,515,922.98. Following the sale, the chief accounting officer owned 14,740 shares of the company’s stock, valued at $5,321,434.80. This trade represents a 22.17% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Friday, May 1st. The stock was sold at an average price of $397.91, for a total transaction of $3,979,100.00. Following the completion of the transaction, the chief executive officer directly owned 187,538 shares in the company, valued at approximately $74,623,245.58. The trade was a 5.06% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last ninety days, insiders have sold 24,199 shares of company stock worth $8,676,423. Insiders own 0.36% of the company’s stock.
Analog Devices Profile
Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.
The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.
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