IFM Investors Pty Ltd Boosts Stake in Analog Devices, Inc. (NASDAQ:ADI)

IFM Investors Pty Ltd raised its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 9.4% during the first quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 101,957 shares of the semiconductor company's stock after purchasing an additional 8,730 shares during the period. IFM Investors Pty Ltd's holdings in Analog Devices were worth $20,562,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the company. Midwest Professional Planners LTD. increased its holdings in shares of Analog Devices by 0.6% in the fourth quarter. Midwest Professional Planners LTD. now owns 9,296 shares of the semiconductor company's stock worth $1,975,000 after buying an additional 53 shares during the period. Portland Global Advisors LLC increased its holdings in shares of Analog Devices by 1.3% in the fourth quarter. Portland Global Advisors LLC now owns 4,014 shares of the semiconductor company's stock worth $853,000 after buying an additional 53 shares during the period. Cassady Schiller Wealth Management LLC increased its holdings 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 period. Continuum Advisory LLC increased its holdings in shares of Analog Devices by 14.8% in the first quarter. Continuum Advisory LLC now owns 443 shares of the semiconductor company's stock worth $89,000 after buying an additional 57 shares during the period. Finally, Keystone Financial Services increased its holdings in shares of Analog Devices by 1.6% in the first quarter. Keystone Financial Services now owns 3,791 shares of the semiconductor company's stock worth $765,000 after buying an additional 61 shares during the period. Hedge funds and other institutional investors own 86.81% of the company's stock.

Analog Devices Stock Up 0.4%

Shares of NASDAQ ADI traded up $0.93 during mid-day trading on Friday, hitting $246.08. 1,837,392 shares of the stock traded hands, compared to its average volume of 3,593,981. 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, Inc. has a 52 week low of $158.65 and a 52 week high of $247.10. The company has a market cap of $122.12 billion, a price-to-earnings ratio of 67.05, a PEG ratio of 2.27 and a beta of 1.02. The stock has a fifty day moving average price of $221.10 and a 200-day moving average price of $212.68.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings results 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 previous year, the company posted $1.40 earnings per share. The firm's revenue was up 22.3% on a year-over-year basis. Research analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 1.61%. The ex-dividend date of this dividend was Wednesday, June 4th. Analog Devices's dividend payout ratio (DPR) is 107.90%.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, 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 value of $612,000.00. Following the sale, the director directly owned 180,071 shares of the company's stock, valued at approximately $35,265,104.64. The trade was a 1.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction 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 sale, the chief executive officer directly owned 142,996 shares in the company, valued at $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 16,250 shares of company stock worth $3,143,556 over the last three months. Corporate insiders own 0.33% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on ADI shares. Barclays lifted their price objective on Analog Devices from $170.00 to $185.00 and gave the stock an "equal weight" rating in a report 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 report on Friday, May 23rd. Cfra Research downgraded Analog Devices from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, May 22nd. Raymond James Financial raised Analog Devices from a "moderate buy" rating to a "strong-buy" rating in a research note on Wednesday, June 18th. Finally, Morgan Stanley reduced their price target on Analog Devices from $214.00 to $212.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Analog Devices has a consensus rating of "Moderate Buy" and an average target price of $251.75.

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.