Mediolanum International Funds Ltd Has $30.25 Million Stock Holdings in Analog Devices, Inc. $ADI

Mediolanum International Funds Ltd lifted its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 47.0% during the third quarter, Holdings Channel.com reports. The firm owned 123,574 shares of the semiconductor company’s stock after acquiring an additional 39,508 shares during the quarter. Mediolanum International Funds Ltd’s holdings in Analog Devices were worth $30,250,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in ADI. Howard Hughes Medical Institute bought a new position in Analog Devices during the 2nd quarter worth approximately $25,000. RMG Wealth Management LLC acquired a new stake in shares of Analog Devices during the second quarter worth $26,000. Clayton Financial Group LLC acquired a new position in Analog Devices in the third quarter valued at $31,000. Valley Wealth Managers Inc. bought a new stake in Analog Devices during the third quarter valued at $38,000. Finally, Sound Income Strategies LLC grew its holdings in Analog Devices by 141.8% during the 3rd quarter. Sound Income Strategies LLC now owns 162 shares of the semiconductor company’s stock worth $39,000 after acquiring an additional 95 shares during the period. 86.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Analog Devices

In related news, Director Ray Stata sold 3,125 shares of the firm’s stock in a transaction dated Tuesday, November 4th. The stock was sold at an average price of $230.21, for a total transaction of $719,406.25. Following the transaction, the director directly owned 142,571 shares of the company’s stock, valued at approximately $32,821,269.91. This trade represents a 2.14% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CAO Michael Sondel sold 8,169 shares of the stock in a transaction that occurred on Wednesday, December 10th. The shares were sold at an average price of $278.03, for a total transaction of $2,271,227.07. Following the transaction, the chief accounting officer owned 18,913 shares in the company, valued at $5,258,381.39. The trade was a 30.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. In the last three months, insiders sold 53,544 shares of company stock worth $14,328,561. Company insiders own 0.33% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have weighed in on ADI. Wall Street Zen upgraded Analog Devices from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. JPMorgan Chase & Co. lifted their price objective on shares of Analog Devices from $310.00 to $320.00 and gave the company an “overweight” rating in a report on Wednesday, November 26th. Stifel Nicolaus upped their price target on Analog Devices from $290.00 to $330.00 and gave the stock a “buy” rating in a report on Friday, January 16th. Robert W. Baird upped their price objective on shares of Analog Devices from $250.00 to $275.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 26th. Finally, The Goldman Sachs Group reissued a “buy” rating and issued a $300.00 price target on shares of Analog Devices in a report on Tuesday, November 25th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have issued a Hold rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $312.04.

Analog Devices Stock Performance

NASDAQ ADI opened at $310.88 on Friday. The stock has a market capitalization of $151.91 billion, a PE ratio of 68.18, a P/E/G ratio of 1.72 and a beta of 1.03. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $319.26. The company’s 50 day simple moving average is $284.07 and its two-hundred day simple moving average is $254.46. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.19 and a quick ratio of 1.68.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.04. Analog Devices had a return on equity of 11.23% and a net margin of 20.58%.The business had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same period in the prior year, the company earned $1.67 EPS. The company’s quarterly revenue was up 25.9% compared to the same quarter last year. Analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Monday, December 8th were given a $0.99 dividend. The ex-dividend date was Monday, December 8th. This represents a $3.96 annualized dividend and a yield of 1.3%. Analog Devices’s payout ratio is 86.84%.

Analog Devices Company Profile

Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.