Analog Devices, Inc. (NASDAQ:ADI) Shares Acquired by Harvest Fund Management Co. Ltd

Harvest Fund Management Co. Ltd increased its stake in Analog Devices, Inc. (NASDAQ:ADI) by 8.9% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 4,847 shares of the semiconductor company’s stock after purchasing an additional 397 shares during the quarter. Harvest Fund Management Co. Ltd’s holdings in Analog Devices were worth $962,000 at the end of the most recent quarter.

Other institutional investors have also bought and sold shares of the company. International Assets Investment Management LLC lifted its stake in Analog Devices by 1.7% during the third quarter. International Assets Investment Management LLC now owns 4,534 shares of the semiconductor company’s stock valued at $784,000 after buying an additional 75 shares in the last quarter. Arkadios Wealth Advisors increased its holdings in shares of Analog Devices by 4.2% in the 3rd quarter. Arkadios Wealth Advisors now owns 1,943 shares of the semiconductor company’s stock valued at $340,000 after purchasing an additional 78 shares during the period. Montecito Bank & Trust increased its holdings in shares of Analog Devices by 13.1% in the 3rd quarter. Montecito Bank & Trust now owns 1,767 shares of the semiconductor company’s stock valued at $309,000 after purchasing an additional 204 shares during the period. Ellenbecker Investment Group purchased a new stake in shares of Analog Devices in the third quarter worth approximately $271,000. Finally, Romano Brothers AND Company purchased a new stake in shares of Analog Devices in the third quarter worth approximately $259,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Insiders Place Their Bets

In other Analog Devices news, EVP Vivek Jain sold 3,479 shares of the stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $197.56, for a total value of $687,311.24. Following the completion of the transaction, the executive vice president now directly owns 5,745 shares in the company, valued at $1,134,982.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $192.11, for a total transaction of $1,921,100.00. Following the completion of the transaction, the chief executive officer now directly owns 5,713 shares in the company, valued at $1,097,524.43. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Vivek Jain sold 3,479 shares of the firm’s stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $197.56, for a total value of $687,311.24. Following the transaction, the executive vice president now owns 5,745 shares of the company’s stock, valued at $1,134,982.20. The disclosure for this sale can be found here. Insiders have sold 24,707 shares of company stock worth $4,825,113 in the last 90 days. Company insiders own 0.31% of the company’s stock.

Analog Devices Stock Up 1.9 %

Shares of Analog Devices stock traded up $3.62 on Tuesday, reaching $189.93. 4,175,059 shares of the company were exchanged, compared to its average volume of 3,358,335. Analog Devices, Inc. has a one year low of $154.99 and a one year high of $204.20. The company has a market capitalization of $94.19 billion, a price-to-earnings ratio of 33.98, a PEG ratio of 4.60 and a beta of 1.17. The company has a current ratio of 1.51, a quick ratio of 0.98 and a debt-to-equity ratio of 0.17. The company has a 50-day moving average of $192.77 and a 200 day moving average of $186.93.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 earnings per share for the quarter, beating analysts’ consensus estimates of $1.71 by $0.02. Analog Devices had a return on equity of 12.76% and a net margin of 24.34%. The business had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter in the prior year, the business earned $2.75 EPS. The firm’s revenue for the quarter was down 22.7% on a year-over-year basis. On average, equities research analysts forecast that Analog Devices, Inc. will post 5.86 earnings per share for the current year.

Analog Devices Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, March 5th were given a dividend of $0.92 per share. This is a boost from Analog Devices’s previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Monday, March 4th. This represents a $3.68 annualized dividend and a yield of 1.94%. Analog Devices’s dividend payout ratio (DPR) is presently 65.83%.

Wall Street Analyst Weigh In

A number of analysts have recently issued reports on ADI shares. Sanford C. Bernstein lowered shares of Analog Devices from an “outperform” rating to a “market perform” rating and set a $200.00 price target for the company. in a research report on Thursday, January 4th. KeyCorp increased their price target on shares of Analog Devices from $220.00 to $230.00 and gave the stock an “overweight” rating in a research report on Thursday, February 22nd. Truist Financial reduced their price target on shares of Analog Devices from $226.00 to $222.00 and set a “buy” rating for the company in a research report on Thursday, February 22nd. Oppenheimer reissued an “outperform” rating and issued a $215.00 price target on shares of Analog Devices in a research report on Thursday, February 22nd. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $212.00 price objective on shares of Analog Devices in a research report on Thursday, April 11th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average target price of $208.17.

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.