BNP PARIBAS ASSET MANAGEMENT Holding SA buys 5,233 shares of Analog Devices, Inc. (NASDAQ:ADI)

VaselineSeptember 1, 2024

0 5 minutes read

Analog Devices logo BNP PARIBAS ASSET MANAGEMENT Holding SA increased its position in shares of Analog Devices, Inc. (NASDAQ:ADI – Free Report ) by 23.3% in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 27,650 shares of the semiconductor company’s stock after purchasing an additional 5,233 shares during the quarter. BNP PARIBAS ASSET MANAGEMENT Holding SA’s holdings in Analog Devices were worth $6,311,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the company. International Assets Investment Management LLC boosted its holdings in shares of Analog Devices by 3.9% in the fourth quarter. International Assets Investment Management LLC now owns 4,710 shares of the semiconductor company’s stock valued at $935,000 after buying an additional 176 shares during the last quarter. Savant Capital LLC raised its position in shares of Analog Devices by 33.7% in the fourth quarter. Savant Capital LLC now owns 6,311 shares of the semiconductor company’s stock worth $1,253,000 after acquiring an additional 1,590 shares in the last quarter. Commonwealth Equity Services LLC boosted its stake in Analog Devices by 2.6% in the fourth quarter. Commonwealth Equity Services LLC now owns 299,938 shares of the semiconductor company’s stock valued at $59,556,000 after acquiring an additional 7,497 shares during the period. 9258 Wealth Management LLC boosted its holdings in Analog Devices by 3.9% in the fourth quarter. 9258 Wealth Management LLC now owns 2,237 shares of the semiconductor company’s stock valued at $444,000 after acquiring an additional 85 shares in the last quarter. Finally, Sapient Capital LLC acquired a new stake in Analog Devices in the fourth quarter valued at about $339,000. 86.81% of shares are held by institutional investors.

Analog device stock up 1.7%

Shares of Analog Devices stock opened at $234.84 on Friday. Analog Devices, Inc. it has a 52-week low of $154.99 and a 52-week high of $244.14. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.13, and a current ratio of 1.58. The company’s 50-day simple moving average is $226.06, and its 200-day simple moving average is $212.60. The firm has a market cap of $116.53 billion, a PE ratio of 54.87, a P/E/G ratio of 3.69 and a beta of 1.08.

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Analog Devices (NASDAQ:ADI – Get Free Report ) last posted its quarterly earnings results on Wednesday, August 21st. The semiconductor company reported $1.58 EPS for the quarter, topping the consensus estimate of $1.50 by $0.08. The firm had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.27 billion. Analog Devices had a net margin of 20.45% and a return on equity of 10.74%. The company’s revenue for the quarter was down 24.8% year over year. During the same period in the previous year, the firm posted EPS of $2.49. On average, analysts predict that Analog Devices, Inc. will post 6.24 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd will be issued a dividend of $0.92 per share. The ex-dividend date is Tuesday, September 3rd. This represents a dividend of $3.68 on an annualized basis and a yield of 1.57%. Analog Devices’ payout ratio is 85.98%.

Changes in Analyst Ratings

Several brokerages have recently issued reports on ADI. Bank of America cut their price target on shares of Analog Devices from $260.00 to $255.00 and set a “buy” rating on the stock in a research note on Thursday, August 22nd. Robert W. Baird upped their target price on shares of Analog Devices from $200.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, May 24th. Goldman Sachs Group boosted their price target on Analog Devices from $205.00 to $252.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Needham & Company LLC reaffirmed a “hold” rating on shares of Analog Devices in a research note on Thursday, August 22nd. Finally, Jefferies Financial Group initiated coverage on Analog Devices in a research note on Monday, May 13th. They issued a “buy” rating and a $250.00 price target for the company. Six analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. The company presently has a consensus rating of “Moderate Buy” and a consensus price target of $251.45, based on data from MarketBeat.

Check out our latest Analog Devices research report

Insiders place their bets

In other news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction dated Monday, July 1st. The shares were sold at an average price of $226.70, for a total transaction of $2,267,000.00. Following the transaction, the chief executive officer now directly owns 51,039 shares in the company, valued at approximately $11,570,541.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC’s website. In other news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction that occurred on Monday, July 1st. The shares were sold at an average price of $226.70, for a total transaction of $2,267,000.00. Following the completion of the transaction, the chief executive officer now directly owns 51,039 shares in the company, valued at approximately $11,570,541.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible via this hyperlink. Also, EVP Gregory M. Bryant sold 17,612 shares of the business’s stock in a transaction that occurred on Thursday, June 13th. The stock was sold at an average price of $233.94, for a total value of $4,120,151.28. Following the transaction, the executive vice president now directly owns 69,241 shares in the company, valued at $16,198,239.54. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,107 shares of company stock worth $9,014,710. 0.31% of shares are currently held by corporate insiders.

Analog Devices Company Profile

(Free report)

Analog Devices, Inc designs, manufactures, tests and markets integrated circuits (ICs), software and subsystem products in the United States, the rest of North and South America, Europe, Japan, China and the rest of Asia. The company provides data conversion products, which translate real-world analog signals into digital data, as well as the translation of digital data into analog signals; Power management and reference products for power conversion, driver monitoring, sequencing and power management applications in the automotive, communications, industrial and consumer markets; and power ICs that include performance simulation, integration and software design tools for precise power designs.