ING Groep NV Purchases 30,355 Shares of Analog Devices, Inc. $ADI

ING Groep NV raised its position in Analog Devices, Inc. (NASDAQ:ADI) by 24.7% during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 153,357 shares of the semiconductor company’s stock after buying an additional 30,355 shares during the quarter. ING Groep NV’s holdings in Analog Devices were worth $37,680,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of ADI. Norges Bank bought a new position in Analog Devices during the second quarter worth about $1,803,377,000. Marshall Wace LLP grew its position in shares of Analog Devices by 948.2% during the 2nd quarter. Marshall Wace LLP now owns 1,085,990 shares of the semiconductor company’s stock worth $258,487,000 after purchasing an additional 982,385 shares in the last quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in shares of Analog Devices by 47.4% during 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 purchasing an additional 882,909 shares in the last quarter. Vanguard Group Inc. increased 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 purchasing an additional 761,861 shares during the period. Finally, SG Americas Securities LLC raised 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 buying an additional 752,411 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Monday, February 2nd. The stock was sold at an average price of $306.92, for a total transaction of $3,069,200.00. Following the transaction, the chief executive officer directly owned 155,688 shares of the company’s stock, valued at approximately $47,783,760.96. The trade was a 6.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Martin Cotter sold 10,000 shares of the stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $278.44, for a total value of $2,784,400.00. Following the completion of the sale, the senior vice president directly owned 49,664 shares of the company’s stock, valued at approximately $13,828,444.16. The trade was a 16.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 53,544 shares of company stock worth $15,320,417 over the last 90 days. Company insiders own 0.36% of the company’s stock.

Analog Devices Trading Up 0.7%

ADI opened at $325.16 on Wednesday. The company has a market cap of $158.88 billion, a P/E ratio of 71.31, a PEG ratio of 1.75 and a beta of 1.03. The company has a current ratio of 2.19, a quick ratio of 1.68 and a debt-to-equity ratio of 0.24. The company’s 50 day moving average is $292.61 and its 200-day moving average is $258.77. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $327.74.

Analog Devices (NASDAQ:ADI) last announced 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. Analog Devices had a net margin of 20.58% and a return on equity of 11.23%. The company had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same period in the prior year, the business earned $1.67 earnings per share. The company’s revenue for the quarter was up 25.9% compared to the same quarter last year. Equities research analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Monday, December 8th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 1.2%. The ex-dividend date was Monday, December 8th. Analog Devices’s dividend payout ratio is presently 86.84%.

Analyst Ratings Changes

A number of brokerages recently issued reports on ADI. Barclays set a $315.00 price target on Analog Devices in a research report on Thursday, January 15th. Zacks Research raised Analog Devices from a “hold” rating to a “strong-buy” rating in a report on Thursday, January 1st. Stifel Nicolaus boosted their price target on Analog Devices from $290.00 to $330.00 and gave the company a “buy” rating in a research note on Friday, January 16th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $300.00 price objective on shares of Analog Devices in a research report on Tuesday, November 25th. Finally, Oppenheimer raised their target price on shares of Analog Devices from $265.00 to $350.00 and gave the company an “outperform” rating in a report on Friday, January 16th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and six have assigned a Hold rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $314.22.

About Analog Devices

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.