Penserra Capital Management LLC Purchases 38,831 Shares of Analog Devices, Inc. $ADI

Penserra Capital Management LLC lifted its position in Analog Devices, Inc. (NASDAQ:ADI) by 46.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 122,033 shares of the semiconductor company’s stock after buying an additional 38,831 shares during the quarter. Penserra Capital Management LLC’s holdings in Analog Devices were worth $29,982,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also bought and sold shares of ADI. Norges Bank bought a new position in shares of Analog Devices in the second quarter worth about $1,803,377,000. Marshall Wace LLP grew its holdings in Analog Devices by 948.2% in the 2nd quarter. Marshall Wace LLP now owns 1,085,990 shares of the semiconductor company’s stock valued at $258,487,000 after buying an additional 982,385 shares during the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main increased its position in Analog Devices by 47.4% in the 2nd quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,745,985 shares of the semiconductor company’s stock worth $653,599,000 after buying an additional 882,909 shares during the period. Vanguard Group Inc. lifted its holdings in shares of Analog Devices by 1.5% during the second quarter. Vanguard Group Inc. now owns 50,227,231 shares of the semiconductor company’s stock worth $11,955,086,000 after buying an additional 761,861 shares during the last quarter. Finally, SG Americas Securities LLC boosted its position in shares of Analog Devices by 684.6% in the third quarter. SG Americas Securities LLC now owns 862,314 shares of the semiconductor company’s stock valued at $211,871,000 after acquiring an additional 752,411 shares during the period. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

ADI has been the topic of a number of research reports. Morgan Stanley reaffirmed an “overweight” rating and set a $314.00 target price on shares of Analog Devices in a research report on Friday, January 16th. BNP Paribas Exane initiated coverage on shares of Analog Devices in a report on Tuesday, November 4th. They set an “outperform” rating and a $300.00 price objective on the stock. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $270.00 price objective on shares of Analog Devices in a research report on Wednesday, November 26th. UBS Group set a $350.00 target price on shares of Analog Devices in a research note on Wednesday, January 21st. Finally, JPMorgan Chase & Co. boosted their price target on Analog Devices from $310.00 to $320.00 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have given a Buy rating and six have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, Analog Devices has an average rating of “Moderate Buy” and a consensus target price of $312.04.

Insiders Place Their Bets

In other Analog Devices news, SVP Katsufumi Nakamura sold 500 shares of the company’s stock in a transaction on Friday, January 9th. The stock was sold at an average price of $301.46, for a total value of $150,730.00. Following the sale, the senior vice president directly owned 12,710 shares in the company, valued at $3,831,556.60. This represents a 3.79% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, CAO Michael Sondel sold 8,169 shares of the stock in a transaction on Wednesday, December 10th. The stock was sold at an average price of $278.03, for a total value of $2,271,227.07. Following the transaction, the chief accounting officer owned 18,913 shares of the company’s stock, valued at $5,258,381.39. This represents a 30.16% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders have sold 50,419 shares of company stock worth $14,328,855 over the last quarter. Corporate insiders own 0.36% of the company’s stock.

Analog Devices Price Performance

Shares of Analog Devices stock opened at $311.29 on Wednesday. The firm has a market cap of $152.11 billion, a P/E ratio of 68.27, a price-to-earnings-growth ratio of 1.72 and a beta of 1.03. The firm’s 50-day simple moving average is $286.81 and its 200-day simple moving average is $255.58. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $321.23. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.68 and a current ratio of 2.19.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.04. The firm had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.02 billion. Analog Devices had a net margin of 20.58% and a return on equity of 11.23%. The company’s quarterly revenue was up 25.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.67 earnings per share. As a group, research analysts expect that Analog Devices, Inc. will post 7.14 EPS 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 dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 1.3%. The ex-dividend date was Monday, December 8th. Analog Devices’s dividend payout ratio (DPR) 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.