Teacher Retirement System of Texas Increases Stock Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Teacher Retirement System of Texas lifted its stake in Analog Devices, Inc. (NASDAQ:ADIGet Rating) by 1.1% in the first quarter, according to the company in its most recent 13F filing with the SEC. The firm owned 276,912 shares of the semiconductor company’s stock after purchasing an additional 2,894 shares during the quarter. Teacher Retirement System of Texas owned about 0.05% of Analog Devices worth $45,740,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Archford Capital Strategies LLC boosted its holdings in Analog Devices by 34.0% during the 1st quarter. Archford Capital Strategies LLC now owns 4,153 shares of the semiconductor company’s stock valued at $664,000 after acquiring an additional 1,054 shares during the period. Peoples Financial Services CORP. boosted its holdings in Analog Devices by 13.2% during the 1st quarter. Peoples Financial Services CORP. now owns 9,652 shares of the semiconductor company’s stock valued at $1,594,000 after acquiring an additional 1,129 shares during the period. LPL Financial LLC boosted its holdings in Analog Devices by 11.4% during the 4th quarter. LPL Financial LLC now owns 131,694 shares of the semiconductor company’s stock valued at $23,148,000 after acquiring an additional 13,495 shares during the period. Buckley Wealth Management LLC purchased a new position in Analog Devices during the 1st quarter valued at $211,000. Finally, Latitude Advisors LLC boosted its holdings in Analog Devices by 44.0% during the 1st quarter. Latitude Advisors LLC now owns 4,940 shares of the semiconductor company’s stock valued at $816,000 after acquiring an additional 1,509 shares during the period. Hedge funds and other institutional investors own 86.15% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ADI. The Goldman Sachs Group decreased their target price on Analog Devices from $185.00 to $167.00 in a research report on Friday, July 15th. Truist Financial lifted their target price on Analog Devices from $194.00 to $203.00 and gave the company a “buy” rating in a research report on Thursday, May 19th. Oppenheimer reaffirmed an “outperform” rating and set a $210.00 target price on shares of Analog Devices in a research report on Thursday, June 23rd. Morgan Stanley decreased their target price on Analog Devices from $186.00 to $173.00 and set an “equal weight” rating for the company in a research report on Friday, June 10th. Finally, Deutsche Bank Aktiengesellschaft reduced their price target on Analog Devices from $185.00 to $165.00 in a research report on Wednesday, July 20th. Five investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, Analog Devices presently has an average rating of “Moderate Buy” and an average target price of $195.79.

Analog Devices Trading Up 0.2 %

ADI opened at $177.25 on Friday. Analog Devices, Inc. has a 52 week low of $138.50 and a 52 week high of $191.95. The business has a fifty day simple moving average of $157.13 and a 200-day simple moving average of $158.67. The firm has a market cap of $92.14 billion, a P/E ratio of 50.21, a P/E/G ratio of 1.56 and a beta of 1.13. The company has a quick ratio of 1.53, a current ratio of 1.99 and a debt-to-equity ratio of 0.17.

Analog Devices (NASDAQ:ADIGet Rating) last announced its quarterly earnings data on Wednesday, May 18th. The semiconductor company reported $2.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $2.12 by $0.28. Analog Devices had a return on equity of 12.11% and a net margin of 16.84%. The business had revenue of $2.97 billion for the quarter, compared to analysts’ expectations of $2.84 billion. During the same period last year, the firm earned $1.54 earnings per share. The company’s revenue for the quarter was up 78.9% compared to the same quarter last year. On average, equities analysts expect that Analog Devices, Inc. will post 9.23 earnings per share for the current year.

Analog Devices Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, June 9th. Stockholders of record on Tuesday, May 31st were given a dividend of $0.76 per share. This represents a $3.04 dividend on an annualized basis and a dividend yield of 1.72%. The ex-dividend date was Friday, May 27th. Analog Devices’s dividend payout ratio (DPR) is currently 86.12%.

Insider Transactions at Analog Devices

In related news, Director Tunc Doluca sold 7,000 shares of the firm’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $170.34, for a total transaction of $1,192,380.00. Following the transaction, the director now owns 78,357 shares of the company’s stock, valued at $13,347,331.38. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In related news, Director Tunc Doluca sold 7,000 shares of the firm’s stock in a transaction dated Monday, August 1st. The stock was sold at an average price of $170.34, for a total transaction of $1,192,380.00. Following the transaction, the director now owns 78,357 shares of the company’s stock, valued at $13,347,331.38. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Bruce R. Evans acquired 3,650 shares of the stock in a transaction on Friday, June 17th. The stock was acquired at an average cost of $144.16 per share, for a total transaction of $526,184.00. Following the acquisition, the director now directly owns 104,008 shares in the company, valued at approximately $14,993,793.28. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 26,236 shares of company stock worth $4,360,291. Corporate insiders own 0.91% of the company’s stock.

Analog Devices Company Profile

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Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. 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 high-end consumer markets; and power ICs include performance, integration, and software design simulation tools for accurate power supply designs.

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

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