Tredje AP fonden Trims Position in Analog Devices, Inc. (NASDAQ:ADI)

Tredje AP fonden lessened its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 36.6% during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 26,940 shares of the semiconductor company’s stock after selling 15,581 shares during the period. Tredje AP fonden’s holdings in Analog Devices were worth $3,404,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of the company. Nomura Asset Management Co. Ltd. increased its position in shares of Analog Devices by 15.2% during the 4th quarter. Nomura Asset Management Co. Ltd. now owns 197,989 shares of the semiconductor company’s stock worth $23,529,000 after purchasing an additional 26,148 shares during the last quarter. Stratos Wealth Partners LTD. increased its position in shares of Analog Devices by 13.8% during the 1st quarter. Stratos Wealth Partners LTD. now owns 6,160 shares of the semiconductor company’s stock worth $552,000 after purchasing an additional 747 shares during the last quarter. Mercer Global Advisors Inc. ADV increased its position in shares of Analog Devices by 4.2% during the 4th quarter. Mercer Global Advisors Inc. ADV now owns 35,719 shares of the semiconductor company’s stock worth $4,245,000 after purchasing an additional 1,427 shares during the last quarter. Russell Investments Group Ltd. increased its position in shares of Analog Devices by 4.6% during the 4th quarter. Russell Investments Group Ltd. now owns 180,493 shares of the semiconductor company’s stock worth $21,448,000 after purchasing an additional 7,993 shares during the last quarter. Finally, ING Groep NV increased its position in shares of Analog Devices by 9.6% during the 4th quarter. ING Groep NV now owns 25,262 shares of the semiconductor company’s stock worth $3,002,000 after purchasing an additional 2,209 shares during the last quarter. Institutional investors and hedge funds own 86.97% of the company’s stock.

ADI stock traded up $0.05 during trading on Friday, hitting $111.06. 1,741,405 shares of the company’s stock were exchanged, compared to its average volume of 2,422,235. The business has a 50-day moving average price of $102.33 and a two-hundred day moving average price of $109.51. The stock has a market capitalization of $40.90 billion, a price-to-earnings ratio of 37.27, a PEG ratio of 2.07 and a beta of 1.37. Analog Devices, Inc. has a 52-week low of $79.07 and a 52-week high of $127.30. The company has a current ratio of 1.30, a quick ratio of 0.75 and a debt-to-equity ratio of 0.44.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, May 20th. The semiconductor company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.03. The firm had revenue of $1.32 billion during the quarter, compared to analysts’ expectations of $1.32 billion. Analog Devices had a return on equity of 14.51% and a net margin of 20.05%. The firm’s revenue was down 13.7% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.36 earnings per share. On average, equities research analysts anticipate that Analog Devices, Inc. will post 4.3 earnings per share for the current fiscal year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 9th. Investors of record on Friday, May 29th will be paid a dividend of $0.62 per share. This represents a $2.48 annualized dividend and a yield of 2.23%. The ex-dividend date of this dividend is Thursday, May 28th. Analog Devices’s payout ratio is 48.16%.

In other Analog Devices news, SVP Gregory N. Henderson sold 1,703 shares of the business’s stock in a transaction that occurred on Tuesday, April 7th. The stock was sold at an average price of $100.00, for a total value of $170,300.00. Following the completion of the sale, the senior vice president now owns 5,826 shares in the company, valued at $582,600. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Gregory N. Henderson sold 883 shares of the business’s stock in a transaction that occurred on Friday, March 13th. The shares were sold at an average price of $100.00, for a total value of $88,300.00. Following the completion of the sale, the senior vice president now owns 5,826 shares of the company’s stock, valued at approximately $582,600. The disclosure for this sale can be found here. In the last quarter, insiders sold 12,574 shares of company stock valued at $1,387,634. 0.42% of the stock is owned by company insiders.

Several research firms have weighed in on ADI. Sanford C. Bernstein dropped their target price on Analog Devices from $115.00 to $90.00 and set a “market perform” rating for the company in a research report on Thursday, March 19th. Stifel Nicolaus lifted their target price on Analog Devices from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday. Deutsche Bank lifted their target price on Analog Devices from $110.00 to $115.00 and gave the company a “hold” rating in a research report on Thursday. SunTrust Banks lifted their price objective on Analog Devices from $124.00 to $133.00 and gave the company a “buy” rating in a research note on Thursday. Finally, JPMorgan Chase & Co. decreased their price objective on Analog Devices from $134.00 to $119.00 and set a “neutral” rating for the company in a research note on Thursday. One equities research analyst has rated the stock with a sell rating, eight have assigned a hold rating and fifteen have issued a buy rating to the stock. Analog Devices has a consensus rating of “Buy” and an average target price of $121.70.

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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