Asset Management One Co. Ltd. Has $42.81 Million Stock Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Asset Management One Co. Ltd. boosted its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 7.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 212,272 shares of the semiconductor company's stock after purchasing an additional 15,178 shares during the period. Asset Management One Co. Ltd.'s holdings in Analog Devices were worth $42,809,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of the company. Orion Capital Management LLC acquired a new stake in shares of Analog Devices in the fourth quarter worth about $27,000. Menard Financial Group LLC acquired a new stake in shares of Analog Devices in the fourth quarter worth about $27,000. Hopwood Financial Services Inc. acquired a new stake in shares of Analog Devices in the fourth quarter worth about $30,000. Mainstream Capital Management LLC acquired a new stake in shares of Analog Devices in the fourth quarter worth about $30,000. Finally, Cassady Schiller Wealth Management LLC lifted its position in shares of Analog Devices by 63.2% in the fourth quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company's stock worth $30,000 after buying an additional 55 shares during the last quarter. Institutional investors and hedge funds own 86.81% of the company's stock.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on ADI. Benchmark reaffirmed a "buy" rating and issued a $260.00 price target (down previously from $275.00) on shares of Analog Devices in a research report on Friday, May 23rd. UBS Group dropped their price objective on Analog Devices from $295.00 to $285.00 and set a "buy" rating on the stock in a research note on Friday, May 23rd. Evercore ISI lifted their price objective on Analog Devices from $231.00 to $280.00 and gave the stock an "outperform" rating in a research note on Friday, May 23rd. Stifel Nicolaus lifted their price objective on Analog Devices from $225.00 to $248.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Finally, Keefe, Bruyette & Woods upgraded Analog Devices to an "outperform" rating in a research note on Wednesday, June 18th. One analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $251.75.

Analog Devices Price Performance

Shares of ADI stock traded up $2.62 during trading hours on Thursday, hitting $237.30. The company had a trading volume of 3,057,719 shares, compared to its average volume of 3,574,504. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $247.10. The firm has a market capitalization of $117.76 billion, a price-to-earnings ratio of 64.66, a PEG ratio of 2.17 and a beta of 1.00. The firm's fifty day moving average is $212.88 and its 200 day moving average is $211.48. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.51 and a current ratio of 2.08.

Analog Devices (NASDAQ:ADI - Get Free Report) last released 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 return on equity of 9.56% and a net margin of 18.65%. The company 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 was up 22.3% compared to the same quarter last year. On average, sell-side analysts predict that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were paid a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $3.96 annualized dividend and a dividend yield of 1.67%. Analog Devices's dividend payout ratio is currently 107.90%.

Insider Activity

In other news, Director Ray Stata sold 3,125 shares of the business's stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $195.84, for a total value of $612,000.00. Following the transaction, the director now directly owns 180,071 shares of the company's stock, valued at $35,265,104.64. The trade was a 1.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was 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 now directly owns 142,996 shares in the company, valued at $28,147,332.64. The trade was a 6.54% decrease in their ownership of the stock. 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. Company insiders own 0.33% of the company's stock.

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.