Impax Asset Management Group plc Has $313.66 Million Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Impax Asset Management Group plc lifted its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 2.0% during the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,583,138 shares of the semiconductor company's stock after buying an additional 30,978 shares during the quarter. Analog Devices makes up 1.3% of Impax Asset Management Group plc's holdings, making the stock its 24th largest holding. Impax Asset Management Group plc owned 0.32% of Analog Devices worth $313,660,000 at the end of the most recent quarter.

A number of other large investors also recently modified their holdings of ADI. Halpern Financial Inc. increased its holdings in Analog Devices by 331.4% in the 3rd quarter. Halpern Financial Inc. now owns 151 shares of the semiconductor company's stock valued at $26,000 after acquiring an additional 116 shares during the last quarter. Pinnacle Bancorp Inc. increased its holdings in Analog Devices by 101.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company's stock valued at $26,000 after acquiring an additional 65 shares during the last quarter. Silver Oak Securities Incorporated bought a new stake in Analog Devices in the 3rd quarter valued at $29,000. Fortis Capital Advisors LLC bought a new stake in Analog Devices in the 1st quarter valued at $31,000. Finally, Quarry LP increased its holdings in Analog Devices by 267.4% in the 1st quarter. Quarry LP now owns 169 shares of the semiconductor company's stock valued at $33,000 after acquiring an additional 123 shares during the last quarter. Hedge funds and other institutional investors own 86.81% of the company's stock.

Analog Devices Stock Up 3.8 %

Shares of ADI traded up $7.43 during mid-day trading on Tuesday, hitting $204.12. The company's stock had a trading volume of 4,597,974 shares, compared to its average volume of 3,360,517. The company has a current ratio of 1.51, a quick ratio of 0.98 and a debt-to-equity ratio of 0.17. Analog Devices, Inc. has a 52-week low of $154.99 and a 52-week high of $204.20. The firm has a market capitalization of $101.23 billion, a price-to-earnings ratio of 36.52, a PEG ratio of 4.89 and a beta of 1.17. The company's 50-day moving average is $193.03 and its 200-day moving average is $185.76.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The semiconductor company reported $1.73 earnings per share for the quarter, topping analysts' consensus estimates of $1.71 by $0.02. The firm had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.50 billion. Analog Devices had a net margin of 24.34% and a return on equity of 12.76%. The business's quarterly revenue was down 22.7% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.75 earnings per share. On average, equities research analysts forecast that Analog Devices, Inc. will post 5.86 EPS for the current fiscal year.

Analog Devices Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th were paid a $0.92 dividend. The ex-dividend date of this dividend was Monday, March 4th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.80%. This is a positive change from Analog Devices's previous quarterly dividend of $0.86. Analog Devices's dividend payout ratio is presently 65.83%.

Wall Street Analyst Weigh In

ADI has been the topic of a number of research reports. Morgan Stanley restated an "overweight" rating and issued a $212.00 target price (down from $219.00) on shares of Analog Devices in a report on Thursday, February 22nd. Barclays boosted their target price on shares of Analog Devices from $180.00 to $185.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 16th. KeyCorp boosted their target price on shares of Analog Devices from $220.00 to $230.00 and gave the stock an "overweight" rating in a report on Thursday, February 22nd. Oppenheimer restated an "outperform" rating and issued a $215.00 target price on shares of Analog Devices in a report on Thursday, February 22nd. Finally, Sanford C. Bernstein downgraded shares of Analog Devices from an "outperform" rating to a "market perform" rating and set a $200.00 target price on the stock. in a report on Thursday, January 4th. Seven analysts have rated the stock with a hold rating and thirteen have given a buy rating to the stock. According to data from MarketBeat.com, Analog Devices has a consensus rating of "Moderate Buy" and a consensus target price of $206.26.

Insider Transactions at Analog Devices

In related news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $192.11, for a total transaction of $1,921,100.00. Following the sale, the chief executive officer now directly owns 5,713 shares of the company's stock, valued at $1,097,524.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $192.11, for a total transaction of $1,921,100.00. Following the sale, the chief executive officer now directly owns 5,713 shares of the company's stock, valued at $1,097,524.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Vivek Jain sold 3,479 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $197.56, for a total transaction of $687,311.24. Following the sale, the executive vice president now directly owns 5,745 shares in the company, valued at $1,134,982.20. The disclosure for this sale can be found here. Insiders have sold 24,707 shares of company stock worth $4,825,113 over the last 90 days. 0.31% of the stock is currently owned by company insiders.

Analog Devices 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.