PKO Investment Management Joint Stock Co Makes New $2.13 Million Investment in Analog Devices, Inc. (NASDAQ:ADI)

PKO Investment Management Joint Stock Co bought a new stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor bought 10,000 shares of the semiconductor company's stock, valued at approximately $2,125,000.

A number of other institutional investors and hedge funds also recently modified their holdings of ADI. Vanguard Group Inc. raised its position in shares of Analog Devices by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 49,105,529 shares of the semiconductor company's stock valued at $10,432,961,000 after buying an additional 413,084 shares in the last quarter. Geode Capital Management LLC raised its position in shares of Analog Devices by 2.4% in the fourth quarter. Geode Capital Management LLC now owns 10,612,183 shares of the semiconductor company's stock valued at $2,248,971,000 after buying an additional 247,737 shares in the last quarter. Norges Bank acquired a new stake in shares of Analog Devices in the fourth quarter valued at approximately $1,755,958,000. FMR LLC raised its position in shares of Analog Devices by 0.8% in the fourth quarter. FMR LLC now owns 7,450,018 shares of the semiconductor company's stock valued at $1,582,831,000 after buying an additional 61,390 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Analog Devices by 8.4% in the fourth quarter. Northern Trust Corp now owns 5,521,162 shares of the semiconductor company's stock valued at $1,173,026,000 after buying an additional 427,328 shares in the last quarter. 86.81% of the stock is owned by institutional investors.

Insider Activity

In related news, EVP Vivek Jain sold 12,684 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $210.00, for a total value of $2,663,640.00. Following the completion of the transaction, the executive vice president now directly owns 43,175 shares of the company's stock, valued at approximately $9,066,750. This trade represents a 22.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $209.12, for a total transaction of $2,091,200.00. Following the completion of the transaction, the chief executive officer now directly owns 64,918 shares of the company's stock, valued at approximately $13,575,652.16. This trade represents a 13.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 42,934 shares of company stock valued at $8,735,156 in the last three months. Company insiders own 0.33% of the company's stock.

Analog Devices Stock Down 1.3%

ADI stock traded down $2.76 during trading on Friday, reaching $212.99. The stock had a trading volume of 10,922,443 shares, compared to its average volume of 3,565,401. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $247.10. The company has a quick ratio of 1.43, a current ratio of 1.93 and a debt-to-equity ratio of 0.19. The company's 50 day moving average is $198.17 and its two-hundred day moving average is $210.03. The company has a market capitalization of $105.70 billion, a price-to-earnings ratio of 67.83, a P/E/G ratio of 2.85 and a beta of 0.98.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly earnings data on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.70 by $0.15. Analog Devices had a net margin of 16.75% and a return on equity of 8.91%. The business had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the firm posted $1.40 EPS. The firm's quarterly revenue was up 22.3% compared to the same quarter last year. Equities research analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices announced that its board has initiated a stock buyback program on Tuesday, February 18th that permits the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to repurchase up to 9.2% of its stock through open market purchases. Stock repurchase programs are generally a sign that the company's board of directors believes its stock is undervalued.

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.86%. The ex-dividend date is Wednesday, June 4th. Analog Devices's dividend payout ratio is currently 107.90%.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ADI shares. Seaport Res Ptn upgraded shares of Analog Devices to a "strong sell" rating in a research report on Wednesday, April 30th. TD Cowen boosted their price objective on shares of Analog Devices from $200.00 to $250.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Cantor Fitzgerald boosted their price objective on shares of Analog Devices from $230.00 to $250.00 and gave the company a "neutral" rating in a research report on Monday, May 19th. UBS Group lowered their price objective on shares of Analog Devices from $295.00 to $285.00 and set a "buy" rating for the company in a research report on Friday, May 23rd. Finally, Wall Street Zen upgraded shares of Analog Devices from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $248.63.

About Analog Devices

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.