Tokio Marine Asset Management Co. Ltd. Boosts Stake in Analog Devices, Inc. $ADI

Key Points

• Tokio Marine Asset Management Co. Ltd. increased its stake in Analog Devices, growing its holdings by 7.7% during Q1, now owning 14,912 shares valued at approximately $3.01 million.
• Analog Devices recently announced a quarterly dividend of $0.99 per share, translating to an annualized dividend yield of 1.7%.
• Recent analyst ratings for Analog Devices show 20 buy ratings and 6 hold ratings, indicating strong market confidence with an average target price of $258.89.

Tokio Marine Asset Management Co. Ltd. boosted its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 7.7% in the first quarter, according to its most recent filing with the SEC. The firm owned 14,912 shares of the semiconductor company's stock after acquiring an additional 1,062 shares during the period. Tokio Marine Asset Management Co. Ltd.'s holdings in Analog Devices were worth $3,007,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. National Pension Service boosted its position in shares of Analog Devices by 6.1% during the first quarter. National Pension Service now owns 1,102,764 shares of the semiconductor company's stock worth $222,394,000 after purchasing an additional 63,289 shares in the last quarter. GKV Capital Management Co. Inc. bought a new position in shares of Analog Devices during the first quarter worth $248,000. Prudential PLC boosted its position in shares of Analog Devices by 106.2% during the first quarter. Prudential PLC now owns 22,425 shares of the semiconductor company's stock worth $4,522,000 after purchasing an additional 11,547 shares in the last quarter. Resona Asset Management Co. Ltd. boosted its position in shares of Analog Devices by 7.7% during the first quarter. Resona Asset Management Co. Ltd. now owns 158,577 shares of the semiconductor company's stock worth $31,978,000 after purchasing an additional 11,304 shares in the last quarter. Finally, Westpac Banking Corp boosted its position in shares of Analog Devices by 84.3% during the first quarter. Westpac Banking Corp now owns 10,795 shares of the semiconductor company's stock worth $2,177,000 after purchasing an additional 4,937 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company's stock.

Analog Devices Stock Down 0.0%

NASDAQ:ADI traded down $0.08 on Monday, hitting $231.55. The stock had a trading volume of 2,238,185 shares, compared to its average volume of 3,931,553. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $247.73. The firm's fifty day simple moving average is $233.70 and its two-hundred day simple moving average is $216.31. The stock has a market cap of $114.91 billion, a P/E ratio of 63.09, a price-to-earnings-growth ratio of 2.13 and a beta of 1.05. 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 (NASDAQ:ADI - Get Free Report) last released its earnings results 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. Analog Devices had a net margin of 18.65% and a return on equity of 9.56%. The firm had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the firm earned $1.40 EPS. The company's revenue was up 22.3% compared to the same quarter last year. Analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were issued a $0.99 dividend. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $3.96 annualized dividend and a yield of 1.7%. Analog Devices's dividend payout ratio (DPR) is 107.90%.

Analyst Ratings Changes

ADI has been the topic of several research reports. Noble Financial raised shares of Analog Devices to an "outperform" rating in a research report on Wednesday, June 18th. Evercore ISI upped their target price on shares of Analog Devices from $231.00 to $280.00 and gave the stock an "outperform" rating in a research note on Friday, May 23rd. Oppenheimer upped their target price on shares of Analog Devices from $225.00 to $265.00 and gave the stock an "outperform" rating in a research note on Friday, May 16th. UBS Group reduced their target price on shares of Analog Devices from $285.00 to $280.00 and set a "buy" rating for the company in a research note on Monday, July 7th. Finally, Williams Trading set a $260.00 target price on shares of Analog Devices in a report on Friday, May 23rd. Six equities research analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $258.89.

Insider Buying and Selling

In related news, Director Ray Stata sold 3,125 shares of the firm's stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $239.23, for a total value of $747,593.75. Following the completion of the transaction, the director directly owned 167,571 shares of the company's stock, valued at approximately $40,088,010.33. This trade represents a 1.83% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 0.33% of the company's stock.

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.