Lumina Fund Management LLC purchased a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI) in the second quarter, according to its most recent filing with the SEC. The firm purchased 7,500 shares of the semiconductor company’s stock, valued at approximately $584,000.

Several other hedge funds also recently bought and sold shares of ADI. BlackRock Inc. lifted its position in shares of Analog Devices by 3,292.7% during the 1st quarter. BlackRock Inc. now owns 23,045,295 shares of the semiconductor company’s stock valued at $1,888,562,000 after acquiring an additional 22,366,040 shares during the period. Vanguard Group Inc. lifted its position in shares of Analog Devices by 24.3% during the 1st quarter. Vanguard Group Inc. now owns 28,205,340 shares of the semiconductor company’s stock valued at $2,311,428,000 after acquiring an additional 5,506,925 shares during the period. Franklin Resources Inc. lifted its position in shares of Analog Devices by 54.1% during the 2nd quarter. Franklin Resources Inc. now owns 9,251,799 shares of the semiconductor company’s stock valued at $719,786,000 after acquiring an additional 3,248,336 shares during the period. FMR LLC lifted its position in shares of Analog Devices by 52.2% during the 1st quarter. FMR LLC now owns 7,757,023 shares of the semiconductor company’s stock valued at $635,689,000 after acquiring an additional 2,661,277 shares during the period. Finally, State Street Corp lifted its position in shares of Analog Devices by 20.0% during the 1st quarter. State Street Corp now owns 14,958,586 shares of the semiconductor company’s stock valued at $1,225,852,000 after acquiring an additional 2,493,568 shares during the period. Institutional investors own 86.67% of the company’s stock.

Shares of Analog Devices, Inc. (ADI) traded up 0.81% during mid-day trading on Friday, hitting $84.92. 2,097,691 shares of the stock traded hands. The stock has a 50-day moving average of $80.41 and a 200-day moving average of $80.16. The company has a market cap of $31.22 billion, a price-to-earnings ratio of 42.27 and a beta of 1.29. Analog Devices, Inc. has a 52 week low of $59.54 and a 52 week high of $90.49.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.11. Analog Devices had a net margin of 14.77% and a return on equity of 19.06%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the prior year, the firm earned $0.82 EPS. The company’s revenue was up 64.9% compared to the same quarter last year. Analysts anticipate that Analog Devices, Inc. will post $4.62 EPS for the current year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, September 19th. Shareholders of record on Friday, September 8th were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.80 dividend on an annualized basis and a yield of 2.12%. Analog Devices’s payout ratio is 86.12%.

A number of equities research analysts have recently issued reports on the stock. Argus lifted their price target on shares of Analog Devices from $86.00 to $92.00 and gave the company an “outperform” rating in a research report on Thursday, June 1st. Royal Bank Of Canada lifted their price target on shares of Analog Devices from $90.00 to $92.00 and gave the company an “outperform” rating in a research report on Thursday, June 1st. Morgan Stanley reiterated an “overweight” rating and set a $98.00 price target on shares of Analog Devices in a research report on Wednesday. Drexel Hamilton reiterated a “buy” rating and set a $105.00 price target (up from $93.00) on shares of Analog Devices in a research report on Wednesday, May 31st. Finally, B. Riley reiterated a “buy” rating and set a $110.00 price target on shares of Analog Devices in a research report on Saturday, September 2nd. Thirteen investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company. The stock presently has an average rating of “Buy” and an average target price of $91.92.

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In other news, SVP Peter Real sold 4,505 shares of the stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $83.52, for a total transaction of $376,257.60. Following the transaction, the senior vice president now owns 13,531 shares in the company, valued at approximately $1,130,109.12. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Neil S. Novich sold 9,303 shares of the stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $84.46, for a total transaction of $785,731.38. Following the transaction, the director now owns 29,588 shares in the company, valued at approximately $2,499,002.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 106,494 shares of company stock valued at $8,920,681. Insiders own 1.10% of the company’s stock.

Analog Devices Profile

Analog Devices, Inc (Analog Devices) designs, manufactures and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. Its products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products.

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

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