National Bank of Canada FI Buys 336,989 Shares of Analog Devices, Inc. (NASDAQ:ADI)

National Bank of Canada FI increased its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 131.6% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 593,156 shares of the semiconductor company's stock after acquiring an additional 336,989 shares during the quarter. National Bank of Canada FI owned approximately 0.12% of Analog Devices worth $114,820,000 at the end of the most recent reporting period.

Other large investors also recently added to or reduced their stakes in the company. Amarillo National Bank grew its stake in shares of Analog Devices by 3.7% in the fourth quarter. Amarillo National Bank now owns 1,511 shares of the semiconductor company's stock valued at $300,000 after buying an additional 54 shares in the last quarter. Keystone Financial Services grew its position in Analog Devices by 1.8% in the fourth quarter. Keystone Financial Services now owns 3,136 shares of the semiconductor company's stock valued at $623,000 after acquiring an additional 55 shares in the last quarter. Ancora Advisors LLC raised its stake in shares of Analog Devices by 2.1% during the third quarter. Ancora Advisors LLC now owns 2,744 shares of the semiconductor company's stock valued at $480,000 after purchasing an additional 57 shares during the period. Legacy Advisors LLC lifted its position in shares of Analog Devices by 2.3% during the third quarter. Legacy Advisors LLC now owns 2,657 shares of the semiconductor company's stock worth $465,000 after purchasing an additional 59 shares in the last quarter. Finally, MRA Advisory Group boosted its stake in shares of Analog Devices by 2.5% in the third quarter. MRA Advisory Group now owns 2,534 shares of the semiconductor company's stock valued at $444,000 after purchasing an additional 61 shares during the period. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Vivek Jain sold 3,479 shares of the company's stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $197.56, for a total value of $687,311.24. Following the completion of the sale, the executive vice president now owns 5,745 shares of the company's stock, valued at $1,134,982.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, EVP Vivek Jain sold 3,479 shares of the firm's stock in a transaction that occurred 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 transaction, the executive vice president now owns 5,745 shares in the company, valued at $1,134,982.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction that occurred on Monday, April 1st. The stock was sold at an average price of $197.40, for a total value of $1,974,000.00. Following the sale, the chief executive officer now directly owns 51,039 shares in the company, valued at approximately $10,075,098.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 24,707 shares of company stock valued at $4,874,613. Insiders own 0.31% of the company's stock.

Analyst Ratings Changes

A number of equities analysts have commented on the stock. KeyCorp boosted their price objective on shares of Analog Devices from $220.00 to $230.00 and gave the stock an "overweight" rating in a report on Thursday, February 22nd. Truist Financial reduced their price target on Analog Devices from $226.00 to $222.00 and set a "buy" rating for the company in a report on Thursday, February 22nd. Barclays upped their target price on Analog Devices from $180.00 to $185.00 and gave the company an "equal weight" rating in a research report on Tuesday, January 16th. Morgan Stanley reissued an "overweight" rating and set a $212.00 price target on shares of Analog Devices in a research report on Thursday, April 11th. Finally, The Goldman Sachs Group lifted their price target on shares of Analog Devices from $191.00 to $205.00 and gave the stock a "buy" rating in a research note on Thursday, February 22nd. Seven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average price target of $208.17.

Analog Devices Stock Performance

Shares of Analog Devices stock traded up $3.14 on Friday, reaching $199.63. 2,372,862 shares of the company were exchanged, compared to its average volume of 3,339,473. Analog Devices, Inc. has a 1-year low of $154.99 and a 1-year high of $204.20. The firm has a market cap of $99.00 billion, a price-to-earnings ratio of 35.71, a P/E/G ratio of 5.01 and a beta of 1.14. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.98 and a current ratio of 1.51. The company's 50-day moving average is $194.27 and its two-hundred day moving average is $188.38.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.02. The firm had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.50 billion. Analog Devices had a return on equity of 12.76% and a net margin of 24.34%. The firm's revenue for the quarter was down 22.7% on a year-over-year basis. During the same period last year, the company earned $2.75 earnings per share. As a group, research analysts expect that Analog Devices, Inc. will post 5.86 earnings per share for the current fiscal year.

Analog Devices Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, March 5th were paid a $0.92 dividend. The ex-dividend date was Monday, March 4th. This represents a $3.68 annualized dividend and a dividend yield of 1.84%. This is a positive change from Analog Devices's previous quarterly dividend of $0.86. Analog Devices's dividend payout ratio (DPR) is presently 65.83%.

Analog Devices 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.