National Pension Service Acquires 18,394 Shares of Analog Devices, Inc. (NASDAQ:ADI)

National Pension Service increased its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 2.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 902,622 shares of the semiconductor company's stock after acquiring an additional 18,394 shares during the quarter. National Pension Service owned about 0.18% of Analog Devices worth $179,225,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also bought and sold shares of ADI. Pinnacle Bancorp Inc. lifted its position 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. Cetera Trust Company N.A bought a new stake in shares of Analog Devices during the 4th quarter worth approximately $29,000. Stuart Chaussee & Associates Inc. acquired a new stake in shares of Analog Devices during the 4th quarter worth approximately $32,000. Northwest Capital Management Inc increased its stake in Analog Devices by 519.2% in the fourth quarter. Northwest Capital Management Inc now owns 161 shares of the semiconductor company's stock valued at $32,000 after acquiring an additional 135 shares during the last quarter. Finally, Silver Oak Securities Incorporated acquired a new position in Analog Devices during the third quarter valued at approximately $29,000. Institutional investors and hedge funds own 86.81% of the company's stock.

Analog Devices Trading Up 0.6 %

Shares of ADI stock traded up $1.29 during mid-day trading on Wednesday, hitting $204.86. The company's stock had a trading volume of 2,464,271 shares, compared to its average volume of 3,330,833. Analog Devices, Inc. has a 52 week low of $154.99 and a 52 week high of $205.77. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.98 and a current ratio of 1.51. The company's fifty day simple moving average is $194.85 and its 200-day simple moving average is $188.89. The company has a market cap of $101.59 billion, a PE ratio of 36.65, a P/E/G ratio of 5.01 and a beta of 1.14.

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, beating the consensus estimate of $1.71 by $0.02. The company had revenue of $2.51 billion during 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%. Analog Devices's revenue for the quarter was down 22.7% compared to the same quarter last year. During the same quarter in the previous year, the business posted $2.75 EPS. As a group, equities research analysts expect that Analog Devices, Inc. will post 5.86 earnings per share for the current fiscal year.

Analog Devices Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, March 5th were given a $0.92 dividend. The ex-dividend date was Monday, March 4th. This represents a $3.68 annualized dividend and a yield of 1.80%. This is an increase from Analog Devices's previous quarterly dividend of $0.86. Analog Devices's dividend payout ratio (DPR) is presently 65.83%.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, Director James Champy sold 1,228 shares of the business's stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $197.64, for a total transaction of $242,701.92. Following the completion of the sale, the director now directly owns 6,371 shares of the company's stock, valued at approximately $1,259,164.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director James Champy sold 1,228 shares of the stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $197.64, for a total value of $242,701.92. Following the completion of the sale, the director now owns 6,371 shares in the company, valued at $1,259,164.44. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, EVP Vivek Jain sold 3,479 shares of the company's stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $197.56, for a total transaction of $687,311.24. Following the completion of the sale, the executive vice president now directly owns 5,745 shares of the company's stock, valued at $1,134,982.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 24,707 shares of company stock worth $4,874,613. 0.31% of the stock is owned by corporate insiders.

Wall Street Analyst Weigh In

A number of equities research analysts have weighed in on the company. The Goldman Sachs Group raised their target price on Analog Devices from $191.00 to $205.00 and gave the company a "buy" rating in a report on Thursday, February 22nd. KeyCorp boosted their target price on Analog Devices from $220.00 to $230.00 and gave the stock an "overweight" rating in a research note on Thursday, February 22nd. Barclays raised their price target on shares of Analog Devices from $180.00 to $185.00 and gave the company an "equal weight" rating in a research note on Tuesday, January 16th. Morgan Stanley reiterated an "overweight" rating and set a $212.00 price objective on shares of Analog Devices in a research report on Thursday, April 11th. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $215.00 target price on shares of Analog Devices in a research note on Thursday, February 22nd. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat.com, Analog Devices has a consensus rating of "Moderate Buy" and an average target price of $208.17.

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.

Want to see what other hedge funds are holding ADI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Analog Devices, Inc. (NASDAQ:ADI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.