Nomura Holdings Inc. Takes Position in Analog Devices, Inc. (NASDAQ:ADI)

Nomura Holdings Inc. bought a new stake in Analog Devices, Inc. (NASDAQ:ADIFree Report) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund bought 32,258 shares of the semiconductor company’s stock, valued at approximately $6,405,000.

Other institutional investors have also modified their holdings of the company. Pinnacle Bancorp Inc. grew its position in Analog Devices by 101.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 65 shares during the last quarter. USA Financial Formulas grew its position in Analog Devices by 87.8% in the 4th quarter. USA Financial Formulas now owns 139 shares of the semiconductor company’s stock valued at $28,000 after buying an additional 65 shares during the last quarter. Silver Oak Securities Incorporated purchased a new position in Analog Devices in the 3rd quarter valued at $29,000. Cetera Trust Company N.A purchased a new stake in shares of Analog Devices during the 4th quarter worth $29,000. Finally, Private Wealth Management Group LLC purchased a new stake in shares of Analog Devices during the 4th quarter worth $29,000. 86.81% of the stock is owned by institutional investors and hedge funds.

Analog Devices Trading Up 0.3 %

Shares of ADI stock opened at $235.37 on Tuesday. The firm has a 50-day moving average price of $209.36 and a 200 day moving average price of $198.08. Analog Devices, Inc. has a twelve month low of $154.99 and a twelve month high of $241.88. The company has a market capitalization of $116.80 billion, a price-to-earnings ratio of 54.99, a PEG ratio of 3.98 and a beta of 1.12. The company has a current ratio of 1.58, a quick ratio of 1.13 and a debt-to-equity ratio of 0.19.

Analog Devices (NASDAQ:ADIGet Free Report) last announced its earnings results on Wednesday, May 22nd. The semiconductor company reported $1.40 earnings per share for the quarter, beating the consensus estimate of $1.26 by $0.14. Analog Devices had a net margin of 20.45% and a return on equity of 10.74%. The firm had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.11 billion. During the same quarter in the previous year, the company posted $2.83 EPS. The firm’s revenue for the quarter was down 33.8% on a year-over-year basis. Research analysts forecast that Analog Devices, Inc. will post 6.22 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Monday, June 17th. Stockholders of record on Tuesday, June 4th will be issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Tuesday, June 4th. Analog Devices’s payout ratio is currently 85.98%.

Analysts Set New Price Targets

Several equities research analysts have commented on ADI shares. Susquehanna boosted their target price on shares of Analog Devices from $230.00 to $280.00 and gave the stock a “positive” rating in a research report on Thursday, May 23rd. TD Cowen boosted their target price on shares of Analog Devices from $210.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Truist Financial boosted their target price on shares of Analog Devices from $222.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Needham & Company LLC restated a “hold” rating on shares of Analog Devices in a research report on Thursday, May 23rd. Finally, Barclays boosted their target price on shares of Analog Devices from $185.00 to $210.00 and gave the stock an “equal weight” rating in a research report on Monday, May 20th. Seven analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $243.23.

Get Our Latest Stock Report on Analog Devices

Insider Transactions at Analog Devices

In other news, Director James Champy sold 1,228 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $197.64, for a total transaction of $242,701.92. Following the completion of the sale, the director now owns 6,371 shares in the company, valued at approximately $1,259,164.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director James Champy sold 1,228 shares of the business’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $197.64, for a total transaction of $242,701.92. Following the completion of the sale, the director now owns 6,371 shares in the company, valued at approximately $1,259,164.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Vivek Jain sold 3,479 shares of the company’s stock in a transaction that occurred on 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 owns 5,745 shares of the company’s stock, valued at approximately $1,134,982.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 33,737 shares of company stock worth $6,998,205. 0.31% of the stock is currently owned by company insiders.

Analog Devices Profile

(Free Report)

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.

Further Reading

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

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