Analog Devices, Inc. (NASDAQ:ADI) Shares Sold by Robeco Schweiz AG

Robeco Schweiz AG lowered its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 2.4% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 364,931 shares of the semiconductor company's stock after selling 8,844 shares during the quarter. Analog Devices makes up about 1.8% of Robeco Schweiz AG's portfolio, making the stock its 19th biggest position. Robeco Schweiz AG owned approximately 0.07% of Analog Devices worth $73,596,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. grew its stake in Analog Devices by 0.8% in the fourth quarter. Vanguard Group Inc. now owns 49,105,529 shares of the semiconductor company's stock worth $10,432,961,000 after purchasing an additional 413,084 shares in the last quarter. Geode Capital Management LLC boosted its position in Analog Devices by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 10,612,183 shares of the semiconductor company's stock valued at $2,248,971,000 after acquiring an additional 247,737 shares in the last quarter. Norges Bank bought a new stake in Analog Devices during the 4th quarter valued at $1,755,958,000. FMR LLC boosted its position in Analog Devices by 0.8% during the 4th quarter. FMR LLC now owns 7,450,018 shares of the semiconductor company's stock valued at $1,582,831,000 after acquiring an additional 61,390 shares in the last quarter. Finally, Northern Trust Corp boosted its position in Analog Devices by 8.4% during the 4th quarter. Northern Trust Corp now owns 5,521,162 shares of the semiconductor company's stock valued at $1,173,026,000 after acquiring an additional 427,328 shares in the last quarter. Institutional investors own 86.81% of the company's stock.

Analog Devices Stock Performance

Shares of NASDAQ ADI traded down $0.45 during trading on Friday, reaching $244.68. 2,035,790 shares of the company traded hands, compared to its average volume of 3,602,437. The firm's fifty day simple moving average is $226.02 and its 200 day simple moving average is $213.78. The stock has a market cap of $121.42 billion, a P/E ratio of 66.67, a PEG ratio of 2.26 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. The company has a current ratio of 2.08, a quick ratio of 1.51 and a debt-to-equity ratio of 0.19.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings data on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share for the quarter, beating analysts' consensus estimates of $1.70 by $0.15. The business had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.50 billion. Analog Devices had a return on equity of 9.56% and a net margin of 18.65%. The company's revenue was up 22.3% on a year-over-year basis. During the same quarter last year, the business posted $1.40 EPS. As a group, research analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were paid a $0.99 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $3.96 annualized dividend and a dividend yield of 1.62%. Analog Devices's dividend payout ratio is presently 107.90%.

Insider Activity

In related news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated 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 sale, the chief executive officer directly owned 142,996 shares in the company, valued at approximately $28,147,332.64. The trade was a 6.54% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction dated Tuesday, May 6th. The stock was sold at an average price of $195.84, for a total value of $612,000.00. Following the completion of the sale, the director owned 180,071 shares in the company, valued at approximately $35,265,104.64. The trade was a 1.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 16,250 shares of company stock valued at $3,143,556. 0.33% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Benchmark reaffirmed a "buy" rating and set a $260.00 target price (down previously from $275.00) on shares of Analog Devices in a research report on Friday, May 23rd. KeyCorp increased their target price on Analog Devices from $285.00 to $300.00 and gave the company an "overweight" rating in a research report on Tuesday. Keefe, Bruyette & Woods raised Analog Devices to an "outperform" rating in a research report on Wednesday, June 18th. Cfra Research cut Analog Devices from a "strong-buy" rating to a "moderate buy" rating in a research report on Thursday, May 22nd. Finally, Barclays raised their price objective on Analog Devices from $170.00 to $185.00 and gave the stock an "equal weight" rating in a research report on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price 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.