Van Lanschot Kempen Investment Management N.V. Has $108.27 Million Stock Holdings in Analog Devices, Inc. $ADI

Van Lanschot Kempen Investment Management N.V. raised its position in Analog Devices, Inc. (NASDAQ:ADI) by 93.0% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 536,843 shares of the semiconductor company’s stock after buying an additional 258,639 shares during the quarter. Analog Devices accounts for 1.1% of Van Lanschot Kempen Investment Management N.V.’s holdings, making the stock its 24th biggest holding. Van Lanschot Kempen Investment Management N.V. owned 0.11% of Analog Devices worth $108,265,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ADI. China Universal Asset Management Co. Ltd. grew its holdings in shares of Analog Devices by 284.4% during the 1st quarter. China Universal Asset Management Co. Ltd. now owns 31,050 shares of the semiconductor company’s stock worth $6,262,000 after purchasing an additional 22,973 shares in the last quarter. Freestone Grove Partners LP acquired a new stake in shares of Analog Devices during the 4th quarter worth $10,212,000. Sowell Financial Services LLC acquired a new stake in shares of Analog Devices during the 1st quarter worth $296,000. Keybank National Association OH grew its holdings in shares of Analog Devices by 85.8% during the 1st quarter. Keybank National Association OH now owns 27,077 shares of the semiconductor company’s stock worth $5,461,000 after purchasing an additional 12,505 shares in the last quarter. Finally, Eastern Bank grew its holdings in shares of Analog Devices by 6.0% during the 1st quarter. Eastern Bank now owns 196,677 shares of the semiconductor company’s stock worth $39,664,000 after purchasing an additional 11,101 shares in the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Analog Devices Price Performance

Shares of ADI opened at $231.55 on Tuesday. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $247.73. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.08 and a quick ratio of 1.51. The company has a market capitalization of $114.91 billion, a price-to-earnings ratio of 63.09, a price-to-earnings-growth ratio of 2.13 and a beta of 1.05. The business has a 50-day moving average of $233.77 and a 200-day moving average of $216.45.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.15. Analog Devices had a return on equity of 9.56% and a net margin of 18.65%. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period last year, the company earned $1.40 earnings per share. The firm’s revenue was up 22.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Wednesday, June 4th. This represents a $3.96 annualized dividend and a yield of 1.7%. Analog Devices’s dividend payout ratio (DPR) is currently 107.90%.

Insider Buying and Selling

In other Analog Devices news, Director Ray Stata sold 3,125 shares of the firm’s stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $239.23, for a total value of $747,593.75. Following the completion of the sale, the director owned 167,571 shares of the company’s stock, valued at approximately $40,088,010.33. This trade represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 0.33% of the stock is owned by corporate insiders.

Analyst Ratings Changes

Several research firms have recently issued reports on ADI. Needham & Company LLC reissued a “hold” rating on shares of Analog Devices in a report on Friday, May 23rd. Oppenheimer increased their target price on Analog Devices from $225.00 to $265.00 and gave the stock an “outperform” rating in a report on Friday, May 16th. KGI Securities began coverage on Analog Devices in a report on Friday, May 23rd. They set a “buy” rating on the stock. Noble Financial raised Analog Devices to an “outperform” rating in a report on Wednesday, June 18th. Finally, UBS Group dropped their price objective on Analog Devices from $285.00 to $280.00 and set a “buy” rating for the company in a research report on Monday, July 7th. Six investment analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $258.89.

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.