DekaBank Deutsche Girozentrale Raises Position in Analog Devices, Inc. (NASDAQ:ADI)

DekaBank Deutsche Girozentrale grew its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 0.7% during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,006,430 shares of the semiconductor company's stock after acquiring an additional 7,187 shares during the quarter. DekaBank Deutsche Girozentrale owned about 0.20% of Analog Devices worth $200,392,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Midwest Professional Planners LTD. grew its position in Analog Devices by 0.6% during the 4th quarter. Midwest Professional Planners LTD. now owns 9,296 shares of the semiconductor company's stock worth $1,975,000 after acquiring an additional 53 shares during the last quarter. Portland Global Advisors LLC grew its position in Analog Devices by 1.3% during the 4th quarter. Portland Global Advisors LLC now owns 4,014 shares of the semiconductor company's stock worth $853,000 after acquiring an additional 53 shares during the last quarter. Cassady Schiller Wealth Management LLC grew its position in Analog Devices by 63.2% during the 4th quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company's stock worth $30,000 after acquiring an additional 55 shares during the last quarter. Continuum Advisory LLC grew its position in Analog Devices by 14.8% during the 1st quarter. Continuum Advisory LLC now owns 443 shares of the semiconductor company's stock worth $89,000 after acquiring an additional 57 shares during the last quarter. Finally, Keystone Financial Services grew its position in Analog Devices by 1.6% during the 1st quarter. Keystone Financial Services now owns 3,791 shares of the semiconductor company's stock worth $765,000 after acquiring an additional 61 shares during the last quarter. Hedge funds and other institutional investors own 86.81% of the company's stock.

Analog Devices Trading Down 0.2%

Shares of Analog Devices stock traded down $0.45 on Friday, hitting $244.68. 2,035,790 shares of the company's stock traded hands, compared to its average volume of 3,602,041. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $253.18. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.08 and a quick ratio of 1.51. The company has a fifty day moving average of $226.02 and a two-hundred day moving average of $213.78. The company has a market capitalization of $121.42 billion, a price-to-earnings ratio of 66.67, a price-to-earnings-growth ratio of 2.26 and a beta of 1.02.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 EPS 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 quarter in the prior year, the company earned $1.40 EPS. The firm's revenue for the quarter was up 22.3% compared to the same quarter last year. As a group, sell-side analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Dividend Announcement

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

Insider Buying and Selling

In other news, Director Ray Stata sold 3,125 shares of the company'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 transaction of $612,000.00. Following the transaction, the director directly owned 180,071 shares of the company's stock, valued at $35,265,104.64. This represents a 1.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Vincent Roche sold 10,000 shares of the company'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 transaction, the chief executive officer directly owned 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. Insiders have sold 16,250 shares of company stock worth $3,143,556 over the last ninety days. 0.33% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities research analysts recently weighed in on the company. Cfra Research lowered Analog Devices from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, May 22nd. Cantor Fitzgerald upgraded Analog Devices from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $250.00 to $270.00 in a research report on Wednesday, June 18th. Keefe, Bruyette & Woods upgraded Analog Devices to an "outperform" rating in a research report on Wednesday, June 18th. UBS Group reduced their price target on Analog Devices from $285.00 to $280.00 and set a "buy" rating on the stock in a research report on Monday. Finally, Cowen reiterated a "buy" rating on shares of Analog Devices in a research report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, twenty have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company 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.