Analog Devices, Inc. (NASDAQ:ADI) Shares Acquired by Amalgamated Bank

Amalgamated Bank grew its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 1.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The firm owned 96,191 shares of the semiconductor company's stock after purchasing an additional 1,195 shares during the period. Amalgamated Bank's holdings in Analog Devices were worth $19,399,000 at the end of the most recent quarter.

A number of other hedge funds have also modified their holdings of the company. Brighton Jones LLC boosted its stake in shares of Analog Devices by 39.5% in the fourth quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company's stock worth $397,000 after buying an additional 529 shares during the last quarter. Cantillon Capital Management LLC boosted its stake in shares of Analog Devices by 0.5% in the fourth quarter. Cantillon Capital Management LLC now owns 2,309,278 shares of the semiconductor company's stock worth $490,629,000 after buying an additional 12,156 shares during the last quarter. Purkiss Capital Advisors LLC purchased a new stake in shares of Analog Devices in the fourth quarter worth about $205,000. BlueStem Wealth Partners LLC purchased a new stake in shares of Analog Devices in the fourth quarter worth about $334,000. Finally, Maia Wealth LLC boosted its stake in shares of Analog Devices by 25.6% in the fourth quarter. Maia Wealth LLC now owns 1,980 shares of the semiconductor company's stock worth $427,000 after buying an additional 403 shares during the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Analog Devices Stock Down 0.1%

NASDAQ ADI opened at $236.96 on Monday. The business has a fifty day moving average price of $215.31 and a 200 day moving average price of $211.67. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $247.10. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.51 and a current ratio of 2.08. The company has a market cap of $117.59 billion, a P/E ratio of 64.57, a P/E/G ratio of 2.19 and a beta of 1.00.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The semiconductor company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.70 by $0.15. Analog Devices had a return on equity of 9.56% and a net margin of 18.65%. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the company earned $1.40 EPS. The firm's revenue was up 22.3% compared to the same quarter last year. Research analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $3.96 dividend on an annualized basis and a yield of 1.67%. Analog Devices's payout ratio is 107.90%.

Analysts Set New Price Targets

A number of analysts have recently commented on ADI shares. Barclays upped their target price on Analog Devices from $170.00 to $185.00 and gave the stock an "equal weight" rating in a research note on Friday, May 23rd. Benchmark restated a "buy" rating and issued a $260.00 target price (down previously from $275.00) on shares of Analog Devices in a research note on Friday, May 23rd. Cantor Fitzgerald upgraded Analog Devices from a "neutral" rating to an "overweight" rating and increased their price target for the stock from $250.00 to $270.00 in a research report on Wednesday, June 18th. Evercore ISI increased their price target on Analog Devices from $231.00 to $280.00 and gave the stock an "outperform" rating in a research report on Friday, May 23rd. Finally, Cfra Research downgraded Analog Devices from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, May 22nd. One equities research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $251.75.

Insider Buying and Selling

In related news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $196.84, for a total transaction of $1,968,400.00. Following the transaction, the chief executive officer now owns 142,996 shares in the company, valued at approximately $28,147,332.64. This trade represents a 6.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ray Stata sold 3,125 shares of the firm's stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $195.84, for a total value of $612,000.00. Following the sale, the director now directly owns 180,071 shares of the company's stock, valued at approximately $35,265,104.64. This trade represents a 1.71% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 16,250 shares of company stock worth $3,143,556. 0.33% of the stock is owned by corporate insiders.

About Analog Devices

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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