Mn Services Vermogensbeheer B.V. Purchases 2,100 Shares of Analog Devices, Inc. $ADI

Mn Services Vermogensbeheer B.V. boosted its position in shares of Analog Devices, Inc. (NASDAQ:ADIFree Report) by 1.1% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 187,593 shares of the semiconductor company’s stock after acquiring an additional 2,100 shares during the period. Mn Services Vermogensbeheer B.V.’s holdings in Analog Devices were worth $46,092,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also bought and sold shares of ADI. Solstein Capital LLC raised its stake in Analog Devices by 2.0% in the second quarter. Solstein Capital LLC now owns 2,307 shares of the semiconductor company’s stock valued at $549,000 after purchasing an additional 46 shares in the last quarter. SG Americas Securities LLC grew its holdings in shares of Analog Devices by 684.6% during the 3rd quarter. SG Americas Securities LLC now owns 862,314 shares of the semiconductor company’s stock valued at $211,871,000 after purchasing an additional 752,411 shares during the last quarter. Voya Investment Management LLC lifted its stake in Analog Devices by 22.3% in the third quarter. Voya Investment Management LLC now owns 1,293,403 shares of the semiconductor company’s stock worth $317,789,000 after purchasing an additional 236,211 shares during the last quarter. Robeco Institutional Asset Management B.V. boosted its position in Analog Devices by 55.0% during the third quarter. Robeco Institutional Asset Management B.V. now owns 1,204,226 shares of the semiconductor company’s stock valued at $295,878,000 after buying an additional 427,467 shares during the period. Finally, Cerity Partners LLC grew its stake in shares of Analog Devices by 15.5% during the third quarter. Cerity Partners LLC now owns 303,069 shares of the semiconductor company’s stock valued at $74,463,000 after buying an additional 40,738 shares during the last quarter. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

More Analog Devices News

Here are the key news stories impacting Analog Devices this week:

Analyst Ratings Changes

ADI has been the subject of several analyst reports. Barclays set a $315.00 target price on Analog Devices in a report on Thursday, January 15th. Citigroup raised their target price on shares of Analog Devices from $290.00 to $340.00 and gave the stock a “buy” rating in a report on Thursday, January 15th. Sanford C. Bernstein reiterated a “market perform” rating and set a $270.00 price target on shares of Analog Devices in a report on Wednesday, November 26th. Robert W. Baird upped their price objective on shares of Analog Devices from $250.00 to $275.00 and gave the company an “outperform” rating in a research note on Wednesday, November 26th. Finally, JPMorgan Chase & Co. raised their target price on Analog Devices from $310.00 to $320.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 26th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-two have issued a Buy rating and six have given a Hold rating to the company. According to data from MarketBeat, Analog Devices presently has an average rating of “Moderate Buy” and an average target price of $312.04.

Check Out Our Latest Research Report on ADI

Insider Buying and Selling

In other Analog Devices news, SVP Martin Cotter sold 10,000 shares of the stock in a transaction on Monday, January 5th. The stock was sold at an average price of $278.44, for a total value of $2,784,400.00. Following the completion of the transaction, the senior vice president owned 49,664 shares in the company, valued at approximately $13,828,444.16. This represents a 16.76% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Michael Sondel sold 8,169 shares of the business’s stock in a transaction on Wednesday, December 10th. The shares were sold at an average price of $278.03, for a total transaction of $2,271,227.07. Following the sale, the chief accounting officer owned 18,913 shares in the company, valued at approximately $5,258,381.39. This trade represents a 30.16% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold 53,544 shares of company stock valued at $14,328,561 over the last 90 days. 0.33% of the stock is currently owned by company insiders.

Analog Devices Price Performance

Shares of NASDAQ ADI opened at $305.60 on Friday. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $313.54. The stock has a market capitalization of $149.64 billion, a P/E ratio of 67.02, a P/E/G ratio of 1.66 and a beta of 1.03. The company’s 50-day moving average is $275.97 and its 200 day moving average is $252.05. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.19 and a quick ratio of 1.68.

Analog Devices (NASDAQ:ADIGet Free Report) last issued its quarterly earnings data on Tuesday, November 25th. The semiconductor company reported $2.26 EPS for the quarter, topping the consensus estimate of $2.22 by $0.04. Analog Devices had a net margin of 20.58% and a return on equity of 11.23%. The business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same period last year, the business posted $1.67 earnings per share. Analog Devices’s quarterly revenue was up 25.9% compared to the same quarter last year. On average, sell-side analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Monday, December 8th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Monday, December 8th. Analog Devices’s dividend payout ratio is presently 86.84%.

Analog Devices Profile

(Free Report)

Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.

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

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