Robecosam AG grew its stake in Analog Devices, Inc. (NASDAQ:ADI) by 750.0% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 170,000 shares of the semiconductor company’s stock after acquiring an additional 150,000 shares during the quarter. Robecosam AG’s holdings in Analog Devices were worth $15,195,000 at the end of the most recent quarter.
Several other hedge funds also recently made changes to their positions in the company. Neuberger Berman Group LLC increased its stake in Analog Devices by 97.4% during the 3rd quarter. Neuberger Berman Group LLC now owns 4,303,569 shares of the semiconductor company’s stock worth $370,839,000 after purchasing an additional 2,123,268 shares in the last quarter. Boston Partners bought a new stake in Analog Devices during the 4th quarter worth approximately $67,877,000. American Century Companies Inc. increased its stake in Analog Devices by 69.9% during the 4th quarter. American Century Companies Inc. now owns 1,683,434 shares of the semiconductor company’s stock worth $149,876,000 after purchasing an additional 692,814 shares in the last quarter. Alkeon Capital Management LLC increased its stake in Analog Devices by 25.1% during the 3rd quarter. Alkeon Capital Management LLC now owns 2,526,537 shares of the semiconductor company’s stock worth $217,712,000 after purchasing an additional 507,000 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its stake in Analog Devices by 13.7% during the 3rd quarter. First Eagle Investment Management LLC now owns 3,654,773 shares of the semiconductor company’s stock worth $314,932,000 after purchasing an additional 439,675 shares in the last quarter. 88.54% of the stock is owned by institutional investors.
In other Analog Devices news, SVP Gregory N. Henderson sold 4,000 shares of the firm’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $91.52, for a total transaction of $366,080.00. Following the completion of the sale, the senior vice president now owns 1,163 shares of the company’s stock, valued at approximately $106,437.76. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Joseph Hassett sold 18,400 shares of the firm’s stock in a transaction on Thursday, December 14th. The shares were sold at an average price of $85.06, for a total value of $1,565,104.00. Following the sale, the senior vice president now directly owns 30,139 shares of the company’s stock, valued at approximately $2,563,623.34. The disclosure for this sale can be found here. Insiders have sold a total of 84,618 shares of company stock valued at $7,554,228 in the last ninety days. Insiders own 0.70% of the company’s stock.
Shares of Analog Devices, Inc. (NASDAQ ADI) opened at $94.73 on Monday. The company has a market capitalization of $35,031.50, a P/E ratio of 18.36, a PEG ratio of 1.42 and a beta of 1.25. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.71. Analog Devices, Inc. has a twelve month low of $74.65 and a twelve month high of $98.38.
Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, February 28th. The semiconductor company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.29 by $0.13. The company had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.49 billion. Analog Devices had a return on equity of 18.78% and a net margin of 13.80%. The firm’s revenue for the quarter was up 54.4% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.94 EPS. analysts forecast that Analog Devices, Inc. will post 5.57 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 20th. Stockholders of record on Friday, March 9th will be issued a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.03%. The ex-dividend date is Thursday, March 8th. This is an increase from Analog Devices’s previous quarterly dividend of $0.45. Analog Devices’s dividend payout ratio is presently 91.87%.
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About Analog Devices
Analog Devices, Inc (Analog Devices) designs, manufactures and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. Its products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products.
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