Analog Devices, Inc. (NASDAQ:ADI) Shares Bought by Asset Management One Co. Ltd.

Asset Management One Co. Ltd. raised its position in Analog Devices, Inc. (NASDAQ:ADI) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 197,094 shares of the semiconductor company’s stock after acquiring an additional 590 shares during the quarter. Asset Management One Co. Ltd.’s holdings in Analog Devices were worth $42,767,000 as of its most recent SEC filing.

Several other institutional investors also recently bought and sold shares of the company. Avestar Capital LLC grew its position in Analog Devices by 9.9% in the 4th quarter. Avestar Capital LLC now owns 4,156 shares of the semiconductor company’s stock valued at $883,000 after acquiring an additional 375 shares in the last quarter. Consolidated Planning Corp grew its position in shares of Analog Devices by 203.1% during the fourth quarter. Consolidated Planning Corp now owns 8,376 shares of the semiconductor company’s stock worth $1,780,000 after buying an additional 5,613 shares in the last quarter. Van ECK Associates Corp grew its position in shares of Analog Devices by 4.8% during the fourth quarter. Van ECK Associates Corp now owns 4,981,475 shares of the semiconductor company’s stock worth $1,058,364,000 after buying an additional 226,716 shares in the last quarter. Gladstone Institutional Advisory LLC grew its position in shares of Analog Devices by 1.7% during the fourth quarter. Gladstone Institutional Advisory LLC now owns 8,845 shares of the semiconductor company’s stock worth $1,879,000 after buying an additional 145 shares in the last quarter. Finally, Community Financial Services Group LLC grew its position in shares of Analog Devices by 11.1% during the fourth quarter. Community Financial Services Group LLC now owns 8,452 shares of the semiconductor company’s stock worth $1,796,000 after buying an additional 847 shares in the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In related news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $215.49, for a total transaction of $2,154,900.00. Following the transaction, the chief executive officer now owns 21,983 shares of the company’s stock, valued at $4,737,116.67. This represents a 31.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. 0.33% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ADI shares. Wells Fargo & Company started coverage on Analog Devices in a research report on Friday, November 22nd. They set an “equal weight” rating and a $220.00 price objective for the company. Morgan Stanley lowered their price objective on Analog Devices from $252.00 to $248.00 and set an “overweight” rating for the company in a research report on Wednesday, November 27th. Barclays decreased their target price on Analog Devices from $250.00 to $210.00 and set an “equal weight” rating for the company in a research note on Friday, January 17th. TD Cowen decreased their target price on Analog Devices from $270.00 to $260.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Finally, Benchmark initiated coverage on Analog Devices in a research note on Friday. They set a “buy” rating and a $245.00 target price for the company. Seven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, Analog Devices presently has a consensus rating of “Moderate Buy” and a consensus price target of $248.52.

Analog Devices Trading Up 2.5 %

NASDAQ:ADI opened at $214.61 on Friday. The firm has a market cap of $106.47 billion, a P/E ratio of 65.23, a PEG ratio of 2.38 and a beta of 1.04. The company has a current ratio of 1.84, a quick ratio of 1.35 and a debt-to-equity ratio of 0.19. The stock’s 50 day simple moving average is $214.11 and its 200-day simple moving average is $219.80. Analog Devices, Inc. has a 12-month low of $182.57 and a 12-month high of $244.14.

Analog Devices (NASDAQ:ADI) last released its earnings results on Tuesday, November 26th. The semiconductor company reported $1.67 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.64 by $0.03. The business had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.41 billion. Analog Devices had a return on equity of 9.01% and a net margin of 17.35%. The company’s revenue for the quarter was down 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.01 earnings per share. Equities analysts anticipate that Analog Devices, Inc. will post 7.09 EPS for the current year.

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 9th were issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.71%. The ex-dividend date of this dividend was Monday, December 9th. Analog Devices’s payout ratio is currently 111.85%.

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.