China Universal Asset Management Co. Ltd. Raises Holdings in Analog Devices, Inc. (NASDAQ:ADI)

China Universal Asset Management Co. Ltd. boosted its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 284.4% during the first quarter, according to the company in its most recent Form 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 filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC lifted its position in shares of Analog Devices by 39.5% during the fourth quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company's stock valued at $397,000 after buying an additional 529 shares during the last quarter. Proficio Capital Partners LLC lifted its position in shares of Analog Devices by 4.0% during the fourth quarter. Proficio Capital Partners LLC now owns 14,465 shares of the semiconductor company's stock valued at $3,073,000 after buying an additional 562 shares during the last quarter. Vestmark Advisory Solutions Inc. lifted its position in shares of Analog Devices by 19.5% during the fourth quarter. Vestmark Advisory Solutions Inc. now owns 3,750 shares of the semiconductor company's stock valued at $797,000 after buying an additional 613 shares during the last quarter. Edgestream Partners L.P. purchased a new stake in shares of Analog Devices during the fourth quarter valued at about $1,386,000. Finally, Machina Capital S.A.S. acquired a new position in Analog Devices during the 4th quarter valued at about $223,000. Hedge funds and other institutional investors own 86.81% of the company's stock.

Analog Devices Stock Performance

ADI stock traded down $3.87 during trading on Monday, hitting $241.81. 2,783,358 shares of the company traded hands, compared to its average volume of 3,596,105. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.08 and a quick ratio of 1.51. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $247.10. The stock's 50-day simple moving average is $221.10 and its 200 day simple moving average is $212.75. The company has a market cap of $120.00 billion, a PE ratio of 65.89, a P/E/G ratio of 2.27 and a beta of 1.02.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its 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. Analog Devices had a net margin of 18.65% and a return on equity of 9.56%. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the company posted $1.40 EPS. The company's revenue for the quarter was up 22.3% on a year-over-year basis. On average, equities analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date of this dividend was Wednesday, June 4th. Analog Devices's dividend payout ratio (DPR) is presently 107.90%.

Insider Buying and Selling

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $196.84, for a total transaction of $1,968,400.00. Following the transaction, the chief executive officer directly owned 142,996 shares of the company's stock, valued at $28,147,332.64. This trade represents a 6.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ray Stata sold 3,125 shares of the stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $195.84, for a total transaction of $612,000.00. Following the transaction, the director directly owned 180,071 shares in the company, valued at approximately $35,265,104.64. The trade was a 1.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 16,250 shares of company stock valued at $3,143,556 over the last 90 days. Company insiders own 0.33% of the company's stock.

Analysts Set New Price Targets

Several research analysts recently issued reports on the company. Needham & Company LLC reaffirmed a "hold" rating on shares of Analog Devices in a research report on Friday, May 23rd. Stifel Nicolaus upped their target price on Analog Devices from $225.00 to $248.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Wall Street Zen upgraded shares of Analog Devices from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. Benchmark reaffirmed a "buy" rating and issued a $260.00 price target (down previously from $275.00) on shares of Analog Devices in a report on Friday, May 23rd. Finally, Wells Fargo & Company set a $235.00 price objective on shares of Analog Devices and gave the company an "equal weight" rating in a report on Monday, June 16th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $253.31.

Analog Devices Company Profile

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.