Analog Devices, Inc. (NASDAQ:ADI) Shares Acquired by Silverberg Bernstein Capital Management LLC

Silverberg Bernstein Capital Management LLC boosted its position in Analog Devices, Inc. (NASDAQ:ADI) by 1.1% in the 3rd quarter, HoldingsChannel reports. The firm owned 18,303 shares of the semiconductor company’s stock after acquiring an additional 200 shares during the period. Analog Devices makes up about 3.9% of Silverberg Bernstein Capital Management LLC’s portfolio, making the stock its 7th largest position. 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 hedge funds have also bought and sold shares of ADI. Point72 Italy S.r.l. bought a new position in Analog Devices in the 4th quarter valued at about $6,367,000. Grayhawk Investment Strategies Inc. bought a new position in Analog Devices in the 4th quarter valued at about $850,000. Bradley Foster & Sargent Inc. CT raised its holdings in Analog Devices by 1,055.6% in the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 228,275 shares of the semiconductor company’s stock valued at $45,326,000 after acquiring an additional 208,522 shares during the period. Profund Advisors LLC raised its holdings in Analog Devices by 16.2% in the 4th quarter. Profund Advisors LLC now owns 72,344 shares of the semiconductor company’s stock valued at $14,365,000 after acquiring an additional 10,106 shares during the period. Finally, Norden Group LLC raised its holdings in Analog Devices by 1,534.0% in the 1st quarter. Norden Group LLC now owns 27,076 shares of the semiconductor company’s stock valued at $5,355,000 after acquiring an additional 25,419 shares during the period. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Analog Devices Price Performance

ADI traded up $1.67 during trading on Friday, hitting $228.23. 1,895,235 shares of the stock traded hands, compared to its average volume of 3,302,632. Analog Devices, Inc. has a twelve month low of $154.99 and a twelve month high of $244.14. The company has a market cap of $113.25 billion, a price-to-earnings ratio of 53.32, a PEG ratio of 3.75 and a beta of 1.07. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.69 and a quick ratio of 1.24. The business has a 50 day moving average price of $222.83 and a 200 day moving average price of $218.35.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, August 21st. The semiconductor company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.50 by $0.08. The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.27 billion. Analog Devices had a net margin of 17.07% and a return on equity of 9.47%. The company’s revenue was down 24.8% on a year-over-year basis. During the same period in the previous year, the business earned $2.49 earnings per share. Equities research analysts forecast that Analog Devices, Inc. will post 6.34 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

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

Insiders Place Their Bets

In other Analog Devices news, EVP Gregory M. Bryant sold 30,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $228.93, for a total transaction of $6,867,900.00. Following the sale, the executive vice president now owns 79,093 shares of the company’s stock, valued at approximately $18,106,760.49. The trade was a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, EVP Gregory M. Bryant sold 30,000 shares of the business’s stock in a transaction on Tuesday, October 1st. The shares were sold at an average price of $228.93, for a total value of $6,867,900.00. Following the sale, the executive vice president now owns 79,093 shares of the company’s stock, valued at $18,106,760.49. The trade was a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction on Thursday, August 1st. The stock was 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 directly owns 51,039 shares in the company, 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. Over the last quarter, insiders have sold 91,495 shares of company stock valued at $20,794,658. 0.31% of the stock is currently owned by insiders.

Analyst Ratings Changes

ADI has been the topic of several research analyst reports. JPMorgan Chase & Co. increased their price target on shares of Analog Devices from $260.00 to $280.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Oppenheimer reaffirmed an “outperform” rating and set a $245.00 target price on shares of Analog Devices in a report on Thursday, August 22nd. Truist Financial downgraded shares of Analog Devices from a “buy” rating to a “hold” rating and dropped their price target for the company from $266.00 to $233.00 in a research report on Monday, September 23rd. Morgan Stanley lifted their price target on shares of Analog Devices from $250.00 to $257.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Finally, Barclays lifted their price target on shares of Analog Devices from $235.00 to $250.00 and gave the company an “equal weight” rating in a research report on Thursday, July 18th. Seven research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $249.80.

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.