Analog Devices, Inc. (NASDAQ:ADI) Shares Purchased by Robeco Institutional Asset Management B.V.

Robeco Institutional Asset Management B.V. boosted its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 229.6% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 796,824 shares of the semiconductor company's stock after purchasing an additional 555,065 shares during the period. Robeco Institutional Asset Management B.V. owned approximately 0.16% of Analog Devices worth $160,695,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently bought and sold shares of the business. Midwest Professional Planners LTD. grew its holdings in 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 purchasing an additional 53 shares during the last quarter. Portland Global Advisors LLC lifted its position in Analog Devices by 1.3% during the fourth quarter. Portland Global Advisors LLC now owns 4,014 shares of the semiconductor company's stock valued at $853,000 after purchasing an additional 53 shares during the period. Cassady Schiller Wealth Management LLC lifted its position in Analog Devices by 63.2% during the fourth quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company's stock valued at $30,000 after purchasing an additional 55 shares during the period. Continuum Advisory LLC lifted its position in Analog Devices by 14.8% during the first quarter. Continuum Advisory LLC now owns 443 shares of the semiconductor company's stock valued at $89,000 after purchasing an additional 57 shares during the period. Finally, Keystone Financial Services raised its position 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 acquiring an additional 61 shares during the period. 86.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were 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 now owns 142,996 shares of the company's stock, valued at $28,147,332.64. This represents a 6.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ray Stata sold 3,125 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $195.84, for a total transaction of $612,000.00. Following the completion of the sale, the director now directly owns 180,071 shares of the company's stock, valued at approximately $35,265,104.64. This trade represents a 1.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 16,250 shares of company stock valued at $3,143,556 in the last 90 days. Company insiders own 0.33% of the company's stock.

Analog Devices Price Performance

NASDAQ ADI traded down $0.34 during trading hours on Friday, hitting $236.96. 3,617,735 shares of the company's stock traded hands, compared to its average volume of 3,584,581. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $247.10. The company has a market capitalization of $117.59 billion, a PE ratio of 64.57, a PEG ratio of 2.19 and a beta of 1.00. 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 firm's 50-day moving average is $214.10 and its 200-day moving average is $211.61.

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

Analog Devices Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ADI. Wall Street Zen upgraded shares of Analog Devices from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Citigroup upped their price objective on shares of Analog Devices from $235.00 to $260.00 and gave the stock a "buy" rating in a research report on Monday, May 19th. Cantor Fitzgerald upgraded shares of Analog Devices from a "neutral" rating to an "overweight" rating and upped their price objective for the stock from $250.00 to $270.00 in a research report on Wednesday, June 18th. Barclays upped their price objective on shares of Analog Devices from $170.00 to $185.00 and gave the stock an "equal weight" rating in a research report on Friday, May 23rd. Finally, Raymond James Financial raised shares of Analog Devices from a "moderate buy" rating to a "strong-buy" rating in a research note on Wednesday, June 18th. One research analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Analog Devices currently has an average rating of "Moderate Buy" and an average price target of $251.75.

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.