CHICAGO TRUST Co NA Has $492,000 Stake in Analog Devices, Inc. (NASDAQ:ADI)

CHICAGO TRUST Co NA increased its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 37.4% during the second quarter, HoldingsChannel.com reports. The firm owned 2,156 shares of the semiconductor company’s stock after buying an additional 587 shares during the period. CHICAGO TRUST Co NA’s holdings in Analog Devices were worth $492,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also recently bought and sold shares of the stock. USA Financial Formulas grew its holdings in shares of Analog Devices by 87.8% during the fourth quarter. USA Financial Formulas now owns 139 shares of the semiconductor company’s stock worth $28,000 after buying an additional 65 shares in the last quarter. Cetera Trust Company N.A bought a new position in shares of Analog Devices in the 4th quarter valued at $29,000. Private Wealth Management Group LLC bought a new position in shares of Analog Devices in the 4th quarter valued at $29,000. Riverview Trust Co bought a new stake in Analog Devices during the 1st quarter worth $30,000. Finally, Northwest Capital Management Inc grew its position in Analog Devices by 519.2% during the 4th quarter. Northwest Capital Management Inc now owns 161 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 135 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors.

Analog Devices Stock Performance

Shares of NASDAQ ADI traded down $2.33 during midday trading on Friday, hitting $211.31. The company’s stock had a trading volume of 2,482,181 shares, compared to its average volume of 3,369,276. Analog Devices, Inc. has a 1-year low of $154.99 and a 1-year high of $244.14. The firm’s fifty day moving average price is $228.86 and its 200-day moving average price is $209.45. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.13 and a current ratio of 1.58. The firm has a market cap of $104.86 billion, a P/E ratio of 49.37, a P/E/G ratio of 3.69 and a beta of 1.08.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, May 22nd. The semiconductor company reported $1.40 EPS for the quarter, topping the consensus estimate of $1.26 by $0.14. The company had revenue of $2.16 billion during the quarter, compared to the consensus estimate of $2.11 billion. Analog Devices had a net margin of 20.45% and a return on equity of 10.74%. The company’s revenue for the quarter was down 33.8% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.83 earnings per share. On average, sell-side analysts forecast that Analog Devices, Inc. will post 6.24 EPS for the current fiscal year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, June 17th. Investors of record on Tuesday, June 4th were paid a $0.92 dividend. The ex-dividend date of this dividend was Tuesday, June 4th. This represents a $3.68 annualized dividend and a dividend yield of 1.74%. Analog Devices’s dividend payout ratio is presently 85.98%.

Insiders Place Their Bets

In related news, EVP Gregory M. Bryant sold 17,612 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $233.94, for a total value of $4,120,151.28. Following the completion of the transaction, the executive vice president now owns 69,241 shares of the company’s stock, valued at $16,198,239.54. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CAO Michael Sondel sold 4,830 shares of the stock in a transaction on Friday, May 24th. The stock was sold at an average price of $236.58, for a total transaction of $1,142,681.40. Following the completion of the transaction, the chief accounting officer now owns 10,547 shares in the company, valued at approximately $2,495,209.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Gregory M. Bryant sold 17,612 shares of the business’s stock in a transaction dated Thursday, June 13th. The stock was sold at an average price of $233.94, for a total value of $4,120,151.28. Following the transaction, the executive vice president now directly 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 a total of 46,642 shares of company stock valued at $10,791,543 over the last ninety days. 0.31% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several equities analysts recently commented on ADI shares. KeyCorp upped their price objective on Analog Devices from $230.00 to $285.00 and gave the company an “overweight” rating in a research note on Thursday, May 23rd. Morgan Stanley lifted their price objective on Analog Devices from $221.00 to $260.00 and gave the stock an “overweight” rating in a research report on Thursday, May 23rd. Cantor Fitzgerald restated a “neutral” rating and issued a $250.00 target price on shares of Analog Devices in a research note on Tuesday, July 16th. JPMorgan Chase & Co. boosted their price target on Analog Devices from $220.00 to $260.00 and gave the stock an “overweight” rating in a research note on Thursday, May 23rd. Finally, Sanford C. Bernstein upped their target price on shares of Analog Devices from $200.00 to $220.00 and gave the company a “market perform” rating in a report on Thursday, May 23rd. Seven investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, Analog Devices presently has an average rating of “Moderate Buy” and a consensus target price of $245.50.

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.