Silverberg Bernstein Capital Management LLC Boosts Stock Position in Analog Devices, Inc. (NASDAQ:ADI)

Silverberg Bernstein Capital Management LLC lifted its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 1.1% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 18,303 shares of the semiconductor company’s stock after purchasing an additional 200 shares during the period. Analog Devices accounts for approximately 3.9% of Silverberg Bernstein Capital Management LLC’s portfolio, making the stock its 7th biggest holding. Silverberg Bernstein Capital Management LLC’s holdings in Analog Devices were worth $4,213,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Peoples Bank KS bought a new position in Analog Devices during the third quarter valued at about $1,633,000. Czech National Bank increased its stake in Analog Devices by 7.0% during the third quarter. Czech National Bank now owns 101,084 shares of the semiconductor company’s stock valued at $23,267,000 after acquiring an additional 6,584 shares during the period. Central Pacific Bank Trust Division increased its stake in Analog Devices by 20.8% during the third quarter. Central Pacific Bank Trust Division now owns 1,271 shares of the semiconductor company’s stock valued at $293,000 after acquiring an additional 219 shares during the period. Massmutual Trust Co. FSB ADV increased its stake in Analog Devices by 10.4% during the third quarter. Massmutual Trust Co. FSB ADV now owns 1,597 shares of the semiconductor company’s stock valued at $368,000 after acquiring an additional 150 shares during the period. Finally, Trust Co. of Toledo NA OH increased its stake in Analog Devices by 0.7% during the third quarter. Trust Co. of Toledo NA OH now owns 18,531 shares of the semiconductor company’s stock valued at $4,265,000 after acquiring an additional 134 shares during the period. 86.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ADI shares. Needham & Company LLC reaffirmed a “hold” rating on shares of Analog Devices in a report on Thursday, August 22nd. Bank of America decreased their price objective on Analog Devices from $260.00 to $255.00 and set a “buy” rating on the stock in a report on Thursday, August 22nd. Morgan Stanley lifted their price objective on Analog Devices from $250.00 to $257.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Truist Financial downgraded Analog Devices from a “buy” rating to a “hold” rating and decreased their price objective for the company from $266.00 to $233.00 in a report on Monday, September 23rd. Finally, Barclays lifted their price objective on Analog Devices from $235.00 to $250.00 and gave the company an “equal weight” rating in a report on Thursday, July 18th. Seven investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $249.80.

Analog Devices Trading Up 0.7 %

NASDAQ:ADI traded up $1.67 during trading hours on Friday, hitting $228.23. 1,895,235 shares of the stock were exchanged, compared to its average volume of 3,302,632. The company’s 50 day moving average is $222.83 and its two-hundred day moving average is $218.35. Analog Devices, Inc. has a twelve month low of $154.99 and a twelve month high of $244.14. The company has a quick ratio of 1.24, a current ratio of 1.69 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $113.25 billion, a P/E ratio of 53.32, a price-to-earnings-growth ratio of 3.75 and a beta of 1.07.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, August 21st. The semiconductor company reported $1.58 earnings per share (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 the consensus estimate of $2.27 billion. Analog Devices had a return on equity of 9.47% and a net margin of 17.07%. The business’s revenue for the quarter was down 24.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.49 EPS. On average, sell-side analysts anticipate that Analog Devices, Inc. will post 6.34 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 1.61%. The ex-dividend date was Tuesday, September 3rd. Analog Devices’s payout ratio is 85.98%.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $228.08, for a total transaction of $2,280,800.00. Following the completion of the sale, the chief executive officer now owns 51,039 shares in the company, valued at approximately $11,640,975.12. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In related news, Director Edward H. Frank sold 500 shares of the company’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $227.24, for a total value of $113,620.00. Following the completion of the sale, the director now owns 4,748 shares in the company, valued at $1,078,935.52. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction on Thursday, August 1st. The shares were sold at an average price of $228.08, for a total transaction of $2,280,800.00. Following the completion of the sale, the chief executive officer now owns 51,039 shares of the company’s stock, valued at approximately $11,640,975.12. This represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 91,495 shares of company stock worth $20,794,658. Insiders own 0.31% of the company’s stock.

About Analog Devices

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.