HTLF Bank Buys New Holdings in Analog Devices, Inc. (NASDAQ:ADI)

HTLF Bank purchased a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 2,152 shares of the semiconductor company’s stock, valued at approximately $427,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Pinnacle Bancorp Inc. grew its holdings in Analog Devices by 101.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock worth $26,000 after acquiring an additional 65 shares during the period. Silver Oak Securities Incorporated purchased a new position in shares of Analog Devices during the 3rd quarter valued at approximately $29,000. Fortis Capital Advisors LLC purchased a new position in shares of Analog Devices during the 1st quarter valued at approximately $31,000. Quarry LP lifted its stake in shares of Analog Devices by 267.4% in the 1st quarter. Quarry LP now owns 169 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 123 shares during the period. Finally, Worth Asset Management LLC purchased a new stake in Analog Devices during the first quarter worth $33,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $192.11, for a total transaction of $1,921,100.00. Following the completion of the transaction, the chief executive officer now directly owns 5,713 shares of the company’s stock, valued at approximately $1,097,524.43. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Thursday, February 1st. The shares were sold at an average price of $192.11, for a total value of $1,921,100.00. Following the completion of the transaction, the chief executive officer now owns 5,713 shares in the company, valued at approximately $1,097,524.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director James Champy sold 1,228 shares of the company’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 transaction, the director now owns 6,371 shares in the company, valued at $1,259,164.44. The disclosure for this sale can be found here. Insiders have sold a total of 24,707 shares of company stock valued at $4,825,113 over the last quarter. Corporate insiders own 0.31% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently weighed in on ADI. KeyCorp upped their price target on Analog Devices from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Wolfe Research upgraded Analog Devices from a “peer perform” rating to an “outperform” rating and set a $225.00 target price on the stock in a report on Thursday, January 18th. Edward Jones upgraded Analog Devices from a “hold” rating to a “buy” rating in a research report on Friday, December 22nd. Barclays lifted their target price on shares of Analog Devices from $180.00 to $185.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 16th. Finally, Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $205.00 target price on shares of Analog Devices in a research report on Monday, March 4th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $208.17.

Analog Devices Stock Down 2.2 %

ADI stock opened at $183.36 on Friday. The company has a market cap of $90.93 billion, a price-to-earnings ratio of 32.80, a price-to-earnings-growth ratio of 4.71 and a beta of 1.17. The company has a fifty day moving average price of $192.82 and a 200 day moving average price of $186.53. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.51 and a quick ratio of 0.98. Analog Devices, Inc. has a 12 month low of $154.99 and a 12 month high of $204.20.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.71 by $0.02. Analog Devices had a return on equity of 12.76% and a net margin of 24.34%. The firm had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter in the previous year, the firm posted $2.75 EPS. The firm’s revenue for the quarter was down 22.7% on a year-over-year basis. Sell-side analysts expect that Analog Devices, Inc. will post 5.86 earnings per share for the current year.

Analog Devices Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, March 5th were given a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 2.01%. This is a positive change from Analog Devices’s previous quarterly dividend of $0.86. The ex-dividend date was Monday, March 4th. Analog Devices’s dividend payout ratio (DPR) is 65.83%.

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.