Epoch Investment Partners Inc. Decreases Stake in Analog Devices, Inc. (ADI)

Epoch Investment Partners Inc. reduced its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 4.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 326,377 shares of the semiconductor company’s stock after selling 14,901 shares during the period. Epoch Investment Partners Inc. owned approximately 0.09% of Analog Devices worth $30,177,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also bought and sold shares of the company. BlackRock Inc. increased its position in Analog Devices by 1.0% during the third quarter. BlackRock Inc. now owns 24,272,230 shares of the semiconductor company’s stock worth $2,244,211,000 after purchasing an additional 240,811 shares during the last quarter. Massachusetts Financial Services Co. MA increased its position in Analog Devices by 0.7% during the third quarter. Massachusetts Financial Services Co. MA now owns 17,047,903 shares of the semiconductor company’s stock worth $1,576,249,000 after purchasing an additional 118,861 shares during the last quarter. Franklin Resources Inc. increased its position in Analog Devices by 1.6% during the third quarter. Franklin Resources Inc. now owns 11,756,513 shares of the semiconductor company’s stock worth $1,087,005,000 after purchasing an additional 180,025 shares during the last quarter. FMR LLC increased its position in Analog Devices by 3.9% during the second quarter. FMR LLC now owns 9,175,704 shares of the semiconductor company’s stock worth $880,133,000 after purchasing an additional 348,581 shares during the last quarter. Finally, Morgan Stanley increased its position in Analog Devices by 19.9% during the second quarter. Morgan Stanley now owns 7,076,283 shares of the semiconductor company’s stock worth $678,754,000 after purchasing an additional 1,172,933 shares during the last quarter. 89.57% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ADI opened at $86.42 on Friday. Analog Devices, Inc. has a 1-year low of $76.62 and a 1-year high of $103.59. The stock has a market cap of $33.14 billion, a price-to-earnings ratio of 15.05, a P/E/G ratio of 1.31 and a beta of 1.27. The company has a quick ratio of 1.08, a current ratio of 1.50 and a debt-to-equity ratio of 0.57.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Tuesday, November 20th. The semiconductor company reported $1.55 earnings per share for the quarter, beating analysts’ consensus estimates of $1.52 by $0.03. Analog Devices had a net margin of 24.12% and a return on equity of 20.88%. The business had revenue of $1.60 billion during the quarter, compared to analysts’ expectations of $1.57 billion. During the same period last year, the business earned $1.45 earnings per share. The business’s revenue for the quarter was up 3.6% on a year-over-year basis. As a group, equities research analysts predict that Analog Devices, Inc. will post 5.5 earnings per share for the current fiscal year.

Analog Devices declared that its board has approved a stock buyback plan on Tuesday, August 21st that allows the company to repurchase $2.00 billion in shares. This repurchase authorization allows the semiconductor company to buy up to 5.8% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company’s board believes its stock is undervalued.

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, December 10th. Stockholders of record on Thursday, November 29th will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.22%. The ex-dividend date is Wednesday, November 28th. Analog Devices’s payout ratio is 32.32%.

In other news, SVP Margaret K. Seif sold 2,700 shares of the firm’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $92.81, for a total value of $250,587.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, October 1st. The shares were sold at an average price of $92.81, for a total transaction of $928,100.00. Following the completion of the transaction, the chief executive officer now directly owns 27,376 shares of the company’s stock, valued at approximately $2,540,766.56. The disclosure for this sale can be found here. In the last three months, insiders sold 50,800 shares of company stock valued at $4,601,096. Insiders own 1.10% of the company’s stock.

Several equities research analysts recently issued reports on the stock. SunTrust Banks restated a “buy” rating and set a $118.00 price objective on shares of Analog Devices in a research report on Thursday, August 30th. BidaskClub upgraded shares of Analog Devices from a “sell” rating to a “hold” rating in a research report on Saturday, August 25th. Zacks Investment Research cut shares of Analog Devices from a “buy” rating to a “hold” rating in a research report on Friday, August 24th. Raymond James raised their price objective on shares of Analog Devices from $105.00 to $110.00 and gave the stock an “outperform” rating in a research report on Thursday, August 23rd. Finally, B. Riley cut their price objective on shares of Analog Devices from $120.00 to $117.00 and set a “buy” rating for the company in a research report on Thursday, August 23rd. Two analysts have rated the stock with a sell rating, nine have assigned a hold rating and fourteen have given a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $100.52.

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Analog Devices Company Profile

Analog Devices, Inc designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits (ICs), algorithms, software, and subsystems. It offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency ICs to support cellular infrastructure.

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Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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