AustralianSuper Pty Ltd Makes New $520,000 Investment in Analog Devices, Inc. (NASDAQ:ADI)

AustralianSuper Pty Ltd purchased a new stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 2,577 shares of the semiconductor company's stock, valued at approximately $520,000.

Several other hedge funds also recently made changes to their positions in ADI. China Universal Asset Management Co. Ltd. lifted its stake in Analog Devices by 284.4% during the first quarter. China Universal Asset Management Co. Ltd. now owns 31,050 shares of the semiconductor company's stock worth $6,262,000 after purchasing an additional 22,973 shares during the last quarter. Broderick Brian C lifted its stake in Analog Devices by 2.6% during the fourth quarter. Broderick Brian C now owns 79,221 shares of the semiconductor company's stock worth $16,831,000 after purchasing an additional 2,017 shares during the last quarter. Freestone Grove Partners LP bought a new stake in Analog Devices during the fourth quarter worth about $10,212,000. Sowell Financial Services LLC bought a new stake in Analog Devices during the first quarter worth about $296,000. Finally, Keybank National Association OH lifted its stake in Analog Devices by 85.8% during the first quarter. Keybank National Association OH now owns 27,077 shares of the semiconductor company's stock worth $5,461,000 after purchasing an additional 12,505 shares during the last quarter. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Analog Devices

In other Analog Devices news, Director Ray Stata sold 3,125 shares of the firm's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $239.23, for a total value of $747,593.75. Following the completion of the transaction, the director owned 167,571 shares of the company's stock, valued at $40,088,010.33. This trade represents a 1.83% decrease in their position. The sale was disclosed in a filing with the SEC, which is available at this link. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $196.84, for a total transaction of $1,968,400.00. Following the sale, 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 disclosure for this sale can be found here. Insiders sold a total of 16,250 shares of company stock valued at $3,327,994 in the last quarter. 0.33% of the stock is owned by insiders.

Analysts Set New Price Targets

A number of research firms have recently weighed in on ADI. Evercore ISI boosted their target price on Analog Devices from $231.00 to $280.00 and gave the company an "outperform" rating in a research note on Friday, May 23rd. Oppenheimer boosted their price target on Analog Devices from $225.00 to $265.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. Wells Fargo & Company set a $235.00 target price on Analog Devices and gave the company an "equal weight" rating in a research note on Monday, June 16th. Noble Financial upgraded Analog Devices to an "outperform" rating in a research note on Wednesday, June 18th. Finally, Wall Street Zen raised Analog Devices from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. Six equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, Analog Devices presently has an average rating of "Moderate Buy" and a consensus price target of $258.89.

Analog Devices Stock Down 1.4%

Analog Devices stock traded down $3.36 during mid-day trading on Tuesday, reaching $237.12. 2,395,290 shares of the company were exchanged, compared to its average volume of 3,591,189. The business has a fifty day moving average of $230.08 and a 200 day moving average of $214.71. 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 firm has a market cap of $117.67 billion, a P/E ratio of 64.54, a PEG ratio of 2.23 and a beta of 1.02. Analog Devices, Inc. has a 12-month low of $158.65 and a 12-month high of $247.73.

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

Analog Devices Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.67%. Analog Devices's dividend payout ratio is currently 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.