Mn Services Vermogensbeheer B.V. Has $47.57 Million Stock Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Mn Services Vermogensbeheer B.V. decreased its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 3.1% during the 4th quarter, according to its most recent disclosure with the SEC. The firm owned 239,593 shares of the semiconductor company's stock after selling 7,700 shares during the period. Mn Services Vermogensbeheer B.V.'s holdings in Analog Devices were worth $47,574,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Halpern Financial Inc. lifted its holdings in shares of Analog Devices by 331.4% during the 3rd quarter. Halpern Financial Inc. now owns 151 shares of the semiconductor company's stock worth $26,000 after acquiring an additional 116 shares during the period. Pinnacle Bancorp Inc. raised its stake in Analog Devices by 101.6% during the fourth quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company's stock worth $26,000 after purchasing an additional 65 shares during the period. Silver Oak Securities Incorporated acquired a new position in shares of Analog Devices in the 3rd quarter valued at $29,000. Fortis Capital Advisors LLC purchased a new stake in shares of Analog Devices during the 1st quarter valued at $31,000. Finally, Quarry LP grew its stake in shares of Analog Devices by 267.4% during the 1st quarter. Quarry LP now owns 169 shares of the semiconductor company's stock valued at $33,000 after buying an additional 123 shares during the period. Institutional investors and hedge funds own 86.81% of the company's stock.

Analog Devices Price Performance

Shares of ADI traded down $6.37 during midday trading on Friday, reaching $192.27. The stock had a trading volume of 3,337,216 shares, compared to its average volume of 2,978,266. The firm's 50 day moving average price is $193.24 and its 200-day moving average price is $186.14. Analog Devices, Inc. has a 52 week low of $154.99 and a 52 week high of $204.20. The company has a market capitalization of $95.35 billion, a P/E ratio of 34.40, a P/E/G ratio of 4.98 and a beta of 1.17. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.51 and a quick ratio of 0.98.

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

Analog Devices Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th were given a $0.92 dividend. This is an increase from Analog Devices's previous quarterly dividend of $0.86. This represents a $3.68 annualized dividend and a dividend yield of 1.91%. The ex-dividend date was Monday, March 4th. Analog Devices's dividend payout ratio (DPR) is 65.83%.

Wall Street Analysts Forecast Growth

A number of analysts recently issued reports on ADI shares. Barclays increased their target price on shares of Analog Devices from $180.00 to $185.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 16th. Wolfe Research raised shares of Analog Devices from a "peer perform" rating to an "outperform" rating and set a $225.00 target price on the stock in a research note on Thursday, January 18th. KeyCorp lifted their target price on shares of Analog Devices from $220.00 to $230.00 and gave the company an "overweight" rating in a report on Thursday, February 22nd. Sanford C. Bernstein downgraded Analog Devices from an "outperform" rating to a "market perform" rating and set a $200.00 price target for the company. in a report on Thursday, January 4th. Finally, The Goldman Sachs Group raised their price objective on Analog Devices from $191.00 to $205.00 and gave the company a "buy" rating in a research report on Thursday, February 22nd. Seven research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $206.26.

Insider Buying and Selling at Analog Devices

In related news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $192.11, for a total value of $1,921,100.00. Following the completion of the sale, the chief executive officer now directly owns 5,713 shares of the company's stock, valued at approximately $1,097,524.43. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Director James Champy sold 1,228 shares of the business's stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $197.64, for a total transaction of $242,701.92. Following the transaction, the director now directly owns 6,371 shares in the company, valued at approximately $1,259,164.44. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $192.11, for a total value of $1,921,100.00. Following the sale, the chief executive officer now owns 5,713 shares of the company's stock, valued at $1,097,524.43. The disclosure for this sale can be found here. Insiders have sold a total of 24,707 shares of company stock valued at $4,825,113 in the last three months. 0.31% of the stock is currently owned by company insiders.

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.