Amalgamated Bank Raises Stake in Analog Devices, Inc. (NASDAQ:ADI)

Amalgamated Bank boosted its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI – Get Rating) by 0.3% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 135,325 shares of the semiconductor company’s stock after acquiring an additional 348 shares during the period. Amalgamated Bank’s holdings in Analog Devices were worth $22,197,000 at the end of the most recent reporting period.

Other large investors also recently bought and sold shares of the company. Kistler Tiffany Companies LLC bought a new stake in shares of Analog Devices in the fourth quarter worth approximately $25,000. My Personal CFO LLC bought a new stake in Analog Devices during the fourth quarter valued at approximately $29,000. CarsonAllaria Wealth Management Ltd. bought a new stake in Analog Devices during the fourth quarter valued at approximately $34,000. Worth Asset Management LLC bought a new stake in Analog Devices during the first quarter valued at approximately $33,000. Finally, Mitsubishi UFJ Morgan Stanley Securities Co. Ltd. bought a new stake in Analog Devices during the fourth quarter valued at approximately $36,000. 85.34% of the stock is owned by hedge funds and other institutional investors.

Analog Devices Stock Up 1.4 %

Shares of Analog Devices stock traded up $2.38 on Friday, reaching $174.77. 1,855,137 shares of the company were exchanged, compared to its average volume of 3,325,087. Analog Devices, Inc. has a 1-year low of $133.48 and a 1-year high of $198.24. The company has a market cap of $88.41 billion, a P/E ratio of 24.42, a price-to-earnings-growth ratio of 1.33 and a beta of 1.15. The company has a debt-to-equity ratio of 0.18, a current ratio of 1.79 and a quick ratio of 1.50. The stock’s 50 day moving average price is $186.11 and its 200-day moving average price is $176.80.

Analog Devices (NASDAQ:ADI – Get Rating) last posted its earnings results on Wednesday, May 24th. The semiconductor company reported $2.83 earnings per share for the quarter, topping the consensus estimate of $2.75 by $0.08. The firm had revenue of $3.26 billion during the quarter, compared to analysts’ expectations of $3.21 billion. Analog Devices had a return on equity of 15.27% and a net margin of 28.16%. The firm’s revenue was up 9.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.40 earnings per share. As a group, equities analysts forecast that Analog Devices, Inc. will post 10.65 EPS for the current year.

Analog Devices Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 14th. Shareholders of record on Monday, June 5th will be paid a $0.86 dividend. This represents a $3.44 dividend on an annualized basis and a yield of 1.97%. The ex-dividend date is Friday, June 2nd. Analog Devices’s dividend payout ratio is currently 48.73%.

Wall Street Analysts Forecast Growth

Several equities analysts have weighed in on the stock. Sanford C. Bernstein lowered their price target on shares of Analog Devices from $220.00 to $210.00 in a report on Thursday. Wells Fargo & Company decreased their price target on shares of Analog Devices from $190.00 to $185.00 in a research note on Thursday. Cowen boosted their price objective on shares of Analog Devices from $200.00 to $225.00 and gave the company an “outperform” rating in a research report on Thursday, February 16th. Citigroup cut their price target on shares of Analog Devices from $225.00 to $200.00 in a report on Thursday. Finally, StockNews.com upgraded shares of Analog Devices from a “hold” rating to a “buy” rating in a report on Wednesday, May 17th. Four investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. Based on data from MarketBeat, Analog Devices has an average rating of “Moderate Buy” and a consensus price target of $208.17.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, Director James Champy sold 1,495 shares of the business’s stock in a transaction that occurred on Tuesday, March 14th. The stock was sold at an average price of $185.44, for a total value of $277,232.80. Following the completion of the sale, the director now owns 6,371 shares in the company, valued at $1,181,438.24. The sale was disclosed in a document filed with the SEC, which is available through this link. In related news, CFO Prashanth Mahendra-Rajah sold 26,250 shares of the company’s stock in a transaction on Monday, March 20th. The stock was sold at an average price of $187.01, for a total transaction of $4,909,012.50. Following the transaction, the chief financial officer now owns 23,871 shares of the company’s stock, valued at $4,464,115.71. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James Champy sold 1,495 shares of the company’s stock in a transaction on Tuesday, March 14th. The stock was sold at an average price of $185.44, for a total value of $277,232.80. Following the transaction, the director now directly owns 6,371 shares in the company, valued at approximately $1,181,438.24. The disclosure for this sale can be found here. 0.46% of the stock is owned by company insiders.

Analog Devices Company Profile

(Get Rating)

Analog Devices, Inc is a global high-performance semiconductor company, which engages in the design, development, manufacture, and marketing of integrated circuits (ICs). It produces a range of innovative products, including data converters, amplifiers and linear products, radio frequency (RF) ICs, power management products, sensors based on micro electromechanical systems (MEMS) technology and other sensors, and processing products, including DSP and other processors.