Riverbridge Partners LLC boosted its position in Analog Devices, Inc. (NASDAQ:ADI) by 0.1% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 514,921 shares of the semiconductor company’s stock after purchasing an additional 655 shares during the period. Riverbridge Partners LLC owned about 0.14% of Analog Devices worth $61,193,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently made changes to their positions in the company. CIBC Asset Management Inc increased its holdings in Analog Devices by 1.4% in the third quarter. CIBC Asset Management Inc now owns 126,499 shares of the semiconductor company’s stock valued at $14,134,000 after buying an additional 1,691 shares in the last quarter. NEXT Financial Group Inc increased its stake in shares of Analog Devices by 15.9% during the 3rd quarter. NEXT Financial Group Inc now owns 2,408 shares of the semiconductor company’s stock worth $269,000 after purchasing an additional 331 shares in the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Analog Devices by 1.2% during the 3rd quarter. Cambridge Investment Research Advisors Inc. now owns 30,406 shares of the semiconductor company’s stock worth $3,432,000 after purchasing an additional 373 shares in the last quarter. Raine Capital LLC increased its stake in shares of Analog Devices by 152.2% during the 3rd quarter. Raine Capital LLC now owns 58,000 shares of the semiconductor company’s stock worth $6,480,000 after purchasing an additional 35,000 shares in the last quarter. Finally, UBS Group AG increased its stake in shares of Analog Devices by 4.1% during the 2nd quarter. UBS Group AG now owns 399,755 shares of the semiconductor company’s stock worth $45,120,000 after purchasing an additional 15,763 shares in the last quarter. Hedge funds and other institutional investors own 86.98% of the company’s stock.

A number of research analysts have recently weighed in on the stock. Nomura raised their price objective on shares of Analog Devices from $90.00 to $100.00 and gave the stock a “neutral” rating in a research note on Wednesday, November 27th. Morgan Stanley raised their price objective on shares of Analog Devices from $108.00 to $118.00 and gave the stock an “equal weight” rating in a research note on Wednesday, December 18th. Bank of America raised their price objective on shares of Analog Devices from $130.00 to $140.00 and gave the stock a “buy” rating in a research note on Thursday, December 19th. ValuEngine cut shares of Analog Devices from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. Finally, Credit Suisse Group raised their price objective on shares of Analog Devices from $120.00 to $130.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have assigned a buy rating to the stock. The company currently has a consensus rating of “Buy” and an average price target of $119.32.

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Friday, November 1st. The shares were sold at an average price of $108.96, for a total value of $1,089,600.00. Following the transaction, the chief executive officer now owns 31,206 shares in the company, valued at approximately $3,400,205.76. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kenton J. Sicchitano sold 11,860 shares of Analog Devices stock in a transaction on Thursday, January 9th. The shares were sold at an average price of $120.96, for a total transaction of $1,434,585.60. Following the completion of the transaction, the director now owns 34,255 shares in the company, valued at approximately $4,143,484.80. The disclosure for this sale can be found here. Insiders sold a total of 106,817 shares of company stock valued at $12,553,478 over the last ninety days. 0.50% of the stock is owned by corporate insiders.

ADI stock traded up $0.47 during midday trading on Tuesday, hitting $119.53. The stock had a trading volume of 1,265,444 shares, compared to its average volume of 1,600,894. The firm has a market cap of $43.67 billion, a PE ratio of 23.21, a price-to-earnings-growth ratio of 2.00 and a beta of 1.42. The company has a debt-to-equity ratio of 0.44, a current ratio of 1.32 and a quick ratio of 0.91. Analog Devices, Inc. has a 12-month low of $85.44 and a 12-month high of $124.79. The company’s 50-day moving average price is $117.28 and its 200 day moving average price is $113.45.

Analog Devices (NASDAQ:ADI) last released its earnings results on Tuesday, November 26th. The semiconductor company reported $1.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.22 by ($0.03). The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.45 billion. Analog Devices had a return on equity of 16.39% and a net margin of 22.75%. The firm’s revenue was down 6.1% on a year-over-year basis. During the same period in the previous year, the firm posted $1.55 earnings per share. As a group, sell-side analysts anticipate that Analog Devices, Inc. will post 4.78 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Tuesday, December 17th. Shareholders of record on Friday, December 6th were paid a $0.54 dividend. The ex-dividend date of this dividend was Thursday, December 5th. This represents a $2.16 annualized dividend and a yield of 1.81%. Analog Devices’s payout ratio is currently 41.94%.

About Analog Devices

Analog Devices, Inc engages in the design, development, manufacture, and marketing of integrated circuits (ICs). Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable consumer devices.

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Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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