National Pension Service Has $222.39 Million Stock Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Key Points

• The National Pension Service increased its stake in Analog Devices, Inc. by 6.1%, purchasing an additional 63,289 shares, bringing its total to over 1.1 million shares valued at approximately $222.4 million.
• Multiple institutional investors have recently adjusted their holdings in Analog Devices, resulting in 86.81% of the stock being owned by these investors.
• Analysts generally hold a positive outlook on Analog Devices, with the stock receiving a consensus rating of "Moderate Buy" and an average target price of $258.89.

National Pension Service boosted its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 6.1% in the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 1,102,764 shares of the semiconductor company's stock after purchasing an additional 63,289 shares during the quarter. National Pension Service owned about 0.22% of Analog Devices worth $222,394,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in ADI. Orion Capital Management LLC acquired a new stake in shares of Analog Devices during the 4th quarter worth approximately $27,000. Menard Financial Group LLC bought a new position in Analog Devices in the 4th quarter valued at $27,000. Alpine Bank Wealth Management bought a new position in Analog Devices in the 1st quarter valued at $27,000. N.E.W. Advisory Services LLC bought a new position in Analog Devices in the 1st quarter valued at $33,000. Finally, North Capital Inc. bought a new stake in shares of Analog Devices during the first quarter worth $36,000. Institutional investors own 86.81% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the company. Cowen restated a "buy" rating on shares of Analog Devices in a research report on Friday, May 23rd. Needham & Company LLC reissued a "hold" rating on shares of Analog Devices in a research note on Friday, May 23rd. Citigroup reissued a "buy" rating and issued a $290.00 target price (up from $260.00) on shares of Analog Devices in a research note on Monday, July 7th. Raymond James Financial raised Analog Devices from a "moderate buy" rating to a "strong-buy" rating in a research report on Wednesday, June 18th. Finally, Wall Street Zen raised Analog Devices from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Six research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus price target of $258.89.

Insider Transactions at Analog Devices

In related news, Director Ray Stata sold 3,125 shares of the stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $239.23, for a total transaction of $747,593.75. Following the sale, the director owned 167,571 shares of the company's stock, valued at $40,088,010.33. This represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 0.33% of the stock is owned by corporate insiders.

Analog Devices Stock Performance

Shares of Analog Devices stock traded down $4.58 on Friday, hitting $231.63. The stock had a trading volume of 3,825,918 shares, compared to its average volume of 3,617,735. The stock has a market cap of $114.95 billion, a price-to-earnings ratio of 63.11, a price-to-earnings-growth ratio of 2.18 and a beta of 1.05. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $247.73. The company has a quick ratio of 1.51, a current ratio of 2.08 and a debt-to-equity ratio of 0.19. The business's 50 day moving average is $233.70 and its two-hundred day moving average is $216.24.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.70 by $0.15. The business 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 quarterly revenue was up 22.3% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.40 earnings per share. Analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were given 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 yield of 1.7%. Analog Devices's dividend payout ratio is currently 107.90%.

Analog Devices Company 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.