US Bancorp DE increased its position in shares of Analog Devices Inc. (NASDAQ:ADI) by 24.0% during the third quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 149,228 shares of the company’s stock after buying an additional 28,852 shares during the period. US Bancorp DE’s holdings in Analog Devices were worth $9,617,000 as of its most recent filing with the SEC.

Other large investors also recently added to or reduced their stakes in the company. Peddock Capital Advisors LLC acquired a new position in shares of Analog Devices during the third quarter worth $101,000. Evercore Wealth Management LLC boosted its position in shares of Analog Devices by 7.5% in the second quarter. Evercore Wealth Management LLC now owns 1,773 shares of the company’s stock worth $100,000 after buying an additional 123 shares during the period. Penserra Capital Management LLC boosted its position in shares of Analog Devices by 94.4% in the third quarter. Penserra Capital Management LLC now owns 1,932 shares of the company’s stock worth $123,000 after buying an additional 938 shares during the period. NN Investment Partners Holdings N.V. boosted its position in shares of Analog Devices by 16.9% in the second quarter. NN Investment Partners Holdings N.V. now owns 2,079 shares of the company’s stock worth $118,000 after buying an additional 300 shares during the period. Finally, Quadrant Capital Group LLC boosted its position in shares of Analog Devices by 18.9% in the second quarter. Quadrant Capital Group LLC now owns 2,421 shares of the company’s stock worth $131,000 after buying an additional 384 shares during the period. 87.96% of the stock is currently owned by institutional investors and hedge funds.

Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

Shares of Analog Devices Inc. (NASDAQ:ADI) traded up 0.80% on Wednesday, hitting $74.70. 2,016,849 shares of the stock traded hands. The company’s 50 day moving average is $65.32 and its 200 day moving average is $61.66. Analog Devices Inc. has a one year low of $47.24 and a one year high of $74.87. The stock has a market cap of $23.02 billion, a price-to-earnings ratio of 27.07 and a beta of 1.18.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Tuesday, November 22nd. The company reported $1.05 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.89 by $0.16. The company had revenue of $1 million for the quarter, compared to analysts’ expectations of $941.92 million. Analog Devices had a return on equity of 19.31% and a net margin of 25.18%. Analog Devices’s quarterly revenue was up 2.5% on a year-over-year basis. During the same period last year, the firm earned $1.03 earnings per share. On average, equities analysts forecast that Analog Devices Inc. will post $3.40 EPS for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, December 13th. Investors of record on Friday, December 2nd will be paid a $0.42 dividend. The ex-dividend date is Wednesday, November 30th. This represents a $1.68 annualized dividend and a dividend yield of 2.25%. Analog Devices’s payout ratio is presently 60.87%.

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ADI has been the subject of several analyst reports. Zacks Investment Research cut shares of Analog Devices from a “buy” rating to a “hold” rating in a report on Friday, August 5th. B. Riley reiterated a “buy” rating and set a $73.00 price target on shares of Analog Devices in a report on Monday, August 15th. Wells Fargo & Co. reiterated a “buy” rating on shares of Analog Devices in a report on Thursday, August 18th. Citigroup Inc. lowered their price target on shares of Analog Devices from $68.00 to $66.00 and set a “neutral” rating for the company in a report on Thursday, August 18th. Finally, Jefferies Group reiterated a “buy” rating and set a $84.00 price target on shares of Analog Devices in a report on Thursday, August 18th. Nine analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $73.97.

In other Analog Devices news, Director John C. Hodgson sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, October 4th. The shares were sold at an average price of $64.42, for a total value of $483,150.00. Following the completion of the sale, the director now directly owns 18,485 shares in the company, valued at $1,190,803.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director John C. Hodgson sold 5,000 shares of the firm’s stock in a transaction dated Monday, November 28th. The stock was sold at an average price of $73.95, for a total transaction of $369,750.00. Following the completion of the sale, the director now owns 15,985 shares of the company’s stock, valued at $1,182,090.75. The disclosure for this sale can be found here. 0.90% of the stock is owned by corporate insiders.

Analog Devices Company Profile

Analog Devices, Inc is engaged in designing, manufacturing and marketing analog, mixed-signal and digital signal processing (DSP) technology, including integrated circuits (ICs), algorithms, software and subsystems. The Company’s operating segments include United States, Rest of North/South America, Europe, Japan, China and Rest of Asia.

5 Day Chart for NASDAQ:ADI

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