Analog Devices, Inc. (NASDAQ:ADI) Shares Acquired by China Universal Asset Management Co. Ltd.

China Universal Asset Management Co. Ltd. grew its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 284.4% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 31,050 shares of the semiconductor company's stock after purchasing an additional 22,973 shares during the quarter. China Universal Asset Management Co. Ltd.'s holdings in Analog Devices were worth $6,262,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of ADI. Midwest Professional Planners LTD. lifted its holdings in Analog Devices by 0.6% in the fourth quarter. Midwest Professional Planners LTD. now owns 9,296 shares of the semiconductor company's stock valued at $1,975,000 after acquiring an additional 53 shares during the last quarter. Portland Global Advisors LLC lifted its holdings in Analog Devices by 1.3% in the fourth quarter. Portland Global Advisors LLC now owns 4,014 shares of the semiconductor company's stock valued at $853,000 after acquiring an additional 53 shares during the last quarter. Cassady Schiller Wealth Management LLC lifted its holdings in Analog Devices by 63.2% in the fourth quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company's stock valued at $30,000 after acquiring an additional 55 shares during the last quarter. Continuum Advisory LLC lifted its holdings in Analog Devices by 14.8% in the first quarter. Continuum Advisory LLC now owns 443 shares of the semiconductor company's stock valued at $89,000 after acquiring an additional 57 shares during the last quarter. Finally, Keystone Financial Services lifted its holdings in Analog Devices by 1.6% in the first quarter. Keystone Financial Services now owns 3,791 shares of the semiconductor company's stock valued at $765,000 after acquiring an additional 61 shares during the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $196.84, for a total value of $1,968,400.00. Following the completion of the transaction, the chief executive officer directly owned 142,996 shares of the company's stock, valued at approximately $28,147,332.64. This trade represents a 6.54% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Ray Stata sold 3,125 shares of the stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $195.84, for a total transaction of $612,000.00. Following the completion of the transaction, the director directly owned 180,071 shares of the company's stock, valued at approximately $35,265,104.64. This trade represents a 1.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 16,250 shares of company stock valued at $3,143,556 over the last three months. 0.33% of the stock is currently owned by corporate insiders.

Analog Devices Stock Performance

Shares of ADI traded up $2.41 during mid-day trading on Thursday, hitting $245.13. 2,428,082 shares of the company's stock were exchanged, compared to its average volume of 3,608,420. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $248.62. The firm has a market capitalization of $121.65 billion, a P/E ratio of 66.79, a P/E/G ratio of 2.26 and a beta of 1.02. The business's 50 day moving average is $224.07 and its two-hundred day moving average is $213.39. The company has a current ratio of 2.08, a quick ratio of 1.51 and a debt-to-equity ratio of 0.19.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.70 by $0.15. The firm had revenue of $2.64 billion during the quarter, compared to analysts' expectations of $2.50 billion. Analog Devices had a net margin of 18.65% and a return on equity of 9.56%. The firm's revenue for the quarter was up 22.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.40 earnings per share. On average, equities analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $3.96 annualized dividend and a yield of 1.62%. Analog Devices's dividend payout ratio is currently 107.90%.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ADI. KeyCorp upped their price objective on Analog Devices from $285.00 to $300.00 and gave the stock an "overweight" rating in a research report on Tuesday. UBS Group cut their price objective on Analog Devices from $285.00 to $280.00 and set a "buy" rating on the stock in a research report on Monday. Williams Trading set a $260.00 price objective on Analog Devices in a research report on Friday, May 23rd. Keefe, Bruyette & Woods upgraded shares of Analog Devices to an "outperform" rating in a research note on Wednesday, June 18th. Finally, Citigroup reiterated a "buy" rating and set a $290.00 target price (up previously from $260.00) on shares of Analog Devices in a research note on Monday. One investment analyst has rated the stock with a sell rating, five have assigned a hold rating, twenty have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Analog Devices has an average rating of "Moderate Buy" and an average price target of $257.67.

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.