UMB Bank n.a. Grows Position in Analog Devices, Inc. (NASDAQ:ADI)

UMB Bank n.a. grew its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 1.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 11,094 shares of the semiconductor company’s stock after buying an additional 165 shares during the period. UMB Bank n.a.’s holdings in Analog Devices were worth $2,532,000 at the end of the most recent reporting period.

Several other hedge funds also recently bought and sold shares of the stock. Baader Bank Aktiengesellschaft increased its position in Analog Devices by 3.9% during the second quarter. Baader Bank Aktiengesellschaft now owns 1,143 shares of the semiconductor company’s stock worth $259,000 after buying an additional 43 shares in the last quarter. CVA Family Office LLC grew its position in shares of Analog Devices by 40.2% in the second quarter. CVA Family Office LLC now owns 157 shares of the semiconductor company’s stock valued at $36,000 after purchasing an additional 45 shares during the period. Tsfg LLC grew its position in shares of Analog Devices by 24.5% in the second quarter. Tsfg LLC now owns 269 shares of the semiconductor company’s stock valued at $61,000 after purchasing an additional 53 shares during the period. Mcdonald Partners LLC grew its position in shares of Analog Devices by 0.7% in the first quarter. Mcdonald Partners LLC now owns 7,567 shares of the semiconductor company’s stock valued at $1,497,000 after purchasing an additional 54 shares during the period. Finally, Capital Advisors Ltd. LLC grew its position in shares of Analog Devices by 5.1% in the second quarter. Capital Advisors Ltd. LLC now owns 1,169 shares of the semiconductor company’s stock valued at $267,000 after purchasing an additional 57 shares during the period. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Wall Street Analysts Forecast Growth

ADI has been the subject of a number of research reports. Bank of America lowered their price target on Analog Devices from $260.00 to $255.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. Needham & Company LLC reissued a “hold” rating on shares of Analog Devices in a research report on Thursday, August 22nd. The 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 report on Thursday, May 23rd. Truist Financial reduced their price objective on Analog Devices from $275.00 to $266.00 and set a “buy” rating on the stock in a research note on Thursday, August 22nd. Finally, UBS Group boosted their price objective on Analog Devices from $225.00 to $275.00 and gave the stock a “buy” rating in a research note on Thursday, May 23rd. Six equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Analog Devices has an average rating of “Moderate Buy” and a consensus target price of $251.45.

Insiders Place Their Bets

In other Analog Devices news, Director Edward H. Frank sold 995 shares of the company’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $234.31, for a total value of $233,138.45. Following the completion of the sale, the director now directly owns 3,753 shares in the company, valued at $879,365.43. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Edward H. Frank sold 995 shares of the stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $234.31, for a total transaction of $233,138.45. Following the completion of the sale, the director now owns 3,753 shares in the company, valued at approximately $879,365.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Gregory M. Bryant sold 17,612 shares of the stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $233.94, for a total value of $4,120,151.28. Following the sale, the executive vice president now owns 69,241 shares of the company’s stock, valued at approximately $16,198,239.54. The disclosure for this sale can be found here. Insiders sold 39,107 shares of company stock worth $9,014,710 over the last ninety days. Company insiders own 0.31% of the company’s stock.

Analog Devices Stock Performance

Shares of NASDAQ:ADI traded up $3.95 during trading on Friday, hitting $234.84. 2,770,944 shares of the company traded hands, compared to its average volume of 3,366,937. The stock has a market capitalization of $116.53 billion, a price-to-earnings ratio of 54.87, a PEG ratio of 3.69 and a beta of 1.08. The business’s fifty day moving average is $225.98 and its 200-day moving average is $212.32. Analog Devices, Inc. has a one year low of $154.99 and a one year high of $244.14. The company has a quick ratio of 1.13, a current ratio of 1.58 and a debt-to-equity ratio of 0.19.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Wednesday, August 21st. The semiconductor company reported $1.58 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.50 by $0.08. Analog Devices had a return on equity of 10.74% and a net margin of 20.45%. The business had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same period in the prior year, the company posted $2.49 EPS. The business’s revenue for the quarter was down 24.8% compared to the same quarter last year. As a group, equities analysts predict that Analog Devices, Inc. will post 6.24 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 Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be given a $0.92 dividend. The ex-dividend date is Tuesday, September 3rd. This represents a $3.68 dividend on an annualized basis and a yield of 1.57%. Analog Devices’s dividend payout ratio (DPR) is 85.98%.

Analog Devices Company 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.