GF Fund Management CO. LTD. Purchases 1,827 Shares of Analog Devices, Inc. (NASDAQ:ADI)

GF Fund Management CO. LTD. grew its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 1.9% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 95,886 shares of the semiconductor company's stock after buying an additional 1,827 shares during the period. GF Fund Management CO. LTD.'s holdings in Analog Devices were worth $19,337,000 at the end of the most recent reporting period.

Other large investors have also modified their holdings of the company. Norges Bank purchased a new position in Analog Devices during the 4th quarter worth $1,755,958,000. Raymond James Financial Inc. purchased a new stake in shares of Analog Devices in the fourth quarter valued at about $833,386,000. GAMMA Investing LLC boosted its holdings in shares of Analog Devices by 25,460.1% in the first quarter. GAMMA Investing LLC now owns 2,211,715 shares of the semiconductor company's stock valued at $446,037,000 after acquiring an additional 2,203,062 shares in the last quarter. Kovitz Investment Group Partners LLC boosted its holdings in shares of Analog Devices by 301.1% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 1,581,157 shares of the semiconductor company's stock valued at $335,933,000 after acquiring an additional 1,186,981 shares in the last quarter. Finally, Deutsche Bank AG boosted its holdings in shares of Analog Devices by 71.0% in the fourth quarter. Deutsche Bank AG now owns 2,158,914 shares of the semiconductor company's stock valued at $458,683,000 after acquiring an additional 896,694 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company's stock.

Insider Activity at Analog Devices

In related news, CEO Vincent Roche sold 10,000 shares of the business's 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 owned 142,996 shares of the company's stock, valued at approximately $28,147,332.64. The trade was a 6.54% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Ray Stata sold 3,125 shares of the business's stock in a transaction on Tuesday, May 6th. The stock was 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 $35,265,104.64. This trade represents a 1.71% decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,250 shares of company stock worth $3,143,556. Insiders own 0.33% of the company's stock.

Analyst Upgrades and Downgrades

ADI has been the topic of several analyst reports. Morgan Stanley lowered their target price on shares of Analog Devices from $214.00 to $212.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. Citigroup raised their price objective on shares of Analog Devices from $235.00 to $260.00 and gave the company a "buy" rating in a research note on Monday, May 19th. Needham & Company LLC restated a "hold" rating on shares of Analog Devices in a research report on Friday, May 23rd. Raymond James Financial upgraded shares of Analog Devices from a "moderate buy" rating to a "strong-buy" rating in a research report on Wednesday, June 18th. Finally, TD Cowen lifted their target price on shares of Analog Devices from $200.00 to $250.00 and gave the stock a "buy" rating in a research report on Friday, May 23rd. One research analyst has rated the stock with a sell rating, five have assigned a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat, Analog Devices has an average rating of "Moderate Buy" and an average target price of $251.75.

Analog Devices Price Performance

Shares of NASDAQ:ADI traded up $0.93 during trading hours on Friday, hitting $246.08. 1,837,392 shares of the company's stock traded hands, compared to its average volume of 3,599,370. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week high of $247.10. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.51 and a current ratio of 2.08. The company's fifty day simple moving average is $221.10 and its two-hundred day simple moving average is $212.71. The company has a market cap of $122.12 billion, a price-to-earnings ratio of 67.05, a price-to-earnings-growth ratio of 2.27 and a beta of 1.02.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share for the quarter, beating 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 company had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same quarter last year, the firm posted $1.40 EPS. The business's revenue for the quarter was up 22.3% on a year-over-year basis. As a group, equities analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently declared 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 1.61%. The ex-dividend date was Wednesday, June 4th. Analog Devices's dividend payout ratio (DPR) is 107.90%.

Analog Devices 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.