Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 4.5% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 50,796 shares of the semiconductor company’s stock after purchasing an additional 2,200 shares during the period. Mitsubishi UFJ Kokusai Asset Management Co. Ltd.’s holdings in Analog Devices were worth $5,347,000 at the end of the most recent reporting period.
A number of other institutional investors have also bought and sold shares of the business. Securian Asset Management Inc lifted its stake in Analog Devices by 0.3% in the first quarter. Securian Asset Management Inc now owns 38,067 shares of the semiconductor company’s stock worth $4,007,000 after purchasing an additional 131 shares during the last quarter. FTB Advisors Inc. lifted its stake in Analog Devices by 10.2% in the first quarter. FTB Advisors Inc. now owns 45,899 shares of the semiconductor company’s stock worth $4,831,000 after purchasing an additional 4,253 shares during the last quarter. Daiwa Securities Group Inc. lifted its stake in Analog Devices by 3.0% in the first quarter. Daiwa Securities Group Inc. now owns 16,618 shares of the semiconductor company’s stock worth $1,749,000 after purchasing an additional 480 shares during the last quarter. World Asset Management Inc lifted its stake in Analog Devices by 2.8% in the first quarter. World Asset Management Inc now owns 22,162 shares of the semiconductor company’s stock worth $2,333,000 after purchasing an additional 594 shares during the last quarter. Finally, Integrated Investment Consultants LLC bought a new stake in Analog Devices in the first quarter worth $206,000. 91.21% of the stock is owned by institutional investors and hedge funds.
In other Analog Devices news, SVP Martin Cotter sold 680 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $109.62, for a total value of $74,541.60. Following the sale, the senior vice president now owns 173 shares in the company, valued at $18,964.26. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, SVP Margaret K. Seif sold 10,000 shares of the company’s stock in a transaction dated Friday, February 22nd. The stock was sold at an average price of $105.60, for a total transaction of $1,056,000.00. Following the completion of the sale, the senior vice president now owns 13,517 shares in the company, valued at approximately $1,427,395.20. The disclosure for this sale can be found here. In the last 90 days, insiders sold 112,120 shares of company stock worth $12,114,745. Corporate insiders own 0.50% of the company’s stock.
ADI stock traded up $1.56 during trading on Wednesday, reaching $101.44. The company had a trading volume of 4,887,546 shares, compared to its average volume of 2,904,260. The company has a market cap of $35.91 billion, a P/E ratio of 17.08, a PEG ratio of 1.49 and a beta of 1.27. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.34 and a quick ratio of 1.64. Analog Devices, Inc. has a 52 week low of $76.62 and a 52 week high of $118.54.
Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, May 22nd. The semiconductor company reported $1.36 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.06. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Analog Devices had a net margin of 25.42% and a return on equity of 19.99%. The business’s revenue was down 2.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.45 earnings per share. On average, equities research analysts expect that Analog Devices, Inc. will post 5.47 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Shareholders of record on Friday, May 31st will be issued a $0.54 dividend. This represents a $2.16 dividend on an annualized basis and a yield of 2.13%. Analog Devices’s dividend payout ratio (DPR) is presently 36.36%.
Several equities analysts have recently commented on ADI shares. Zacks Investment Research raised shares of Analog Devices from a “sell” rating to a “hold” rating in a research note on Monday, February 18th. SunTrust Banks upped their price objective on shares of Analog Devices to $126.00 and gave the company an “average” rating in a research note on Thursday, February 21st. Robert W. Baird reaffirmed a “buy” rating and set a $100.00 price objective on shares of Analog Devices in a research note on Wednesday, February 20th. ValuEngine raised shares of Analog Devices from a “hold” rating to a “buy” rating in a research note on Friday, January 25th. Finally, Piper Jaffray Companies reaffirmed an “outperform” rating and set a $112.00 price objective on shares of Analog Devices in a research note on Friday, February 1st. One investment analyst has rated the stock with a sell rating, twelve have assigned a hold rating and eleven have given a buy rating to the company. The company presently has a consensus rating of “Hold” and an average price target of $104.72.
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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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