Analog Devices, Inc. (NASDAQ:ADI) Shares Acquired by Meeder Advisory Services Inc.

Meeder Advisory Services Inc. grew its stake in Analog Devices, Inc. (NASDAQ:ADI) by 10.1% during the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 14,545 shares of the semiconductor company’s stock after purchasing an additional 1,336 shares during the quarter. Meeder Advisory Services Inc.’s holdings in Analog Devices were worth $2,933,000 as of its most recent filing with the SEC.

A number of other institutional investors have also modified their holdings of the stock. Geode Capital Management LLC raised its stake in shares of Analog Devices by 2.4% in the 4th quarter. Geode Capital Management LLC now owns 10,612,183 shares of the semiconductor company’s stock valued at $2,248,971,000 after purchasing an additional 247,737 shares in the last quarter. FMR LLC grew its position in shares of Analog Devices by 0.8% during the 4th quarter. FMR LLC now owns 7,450,018 shares of the semiconductor company’s stock valued at $1,582,831,000 after buying an additional 61,390 shares during the last quarter. Northern Trust Corp grew its position in shares of Analog Devices by 8.4% during the 4th quarter. Northern Trust Corp now owns 5,521,162 shares of the semiconductor company’s stock valued at $1,173,026,000 after buying an additional 427,328 shares during the last quarter. The Manufacturers Life Insurance Company grew its position in shares of Analog Devices by 5.1% during the 4th quarter. The Manufacturers Life Insurance Company now owns 3,715,313 shares of the semiconductor company’s stock valued at $789,356,000 after buying an additional 181,309 shares during the last quarter. Finally, UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its position in shares of Analog Devices by 25.1% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 3,333,615 shares of the semiconductor company’s stock valued at $708,260,000 after buying an additional 668,023 shares during the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analog Devices Trading Up 1.3%

Analog Devices stock opened at $230.77 on Tuesday. The firm has a 50 day simple moving average of $230.76 and a 200-day simple moving average of $215.31. 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 stock has a market capitalization of $114.52 billion, a PE ratio of 62.88, a price-to-earnings-growth ratio of 2.10 and a beta of 1.02. Analog Devices, Inc. has a 12-month low of $158.65 and a 12-month high of $247.73.

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

Analog Devices Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were issued a $0.99 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $3.96 annualized dividend and a dividend yield of 1.72%. Analog Devices’s dividend payout ratio is currently 107.90%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently weighed in on ADI shares. Wells Fargo & Company set a $235.00 price objective on shares of Analog Devices and gave the company an “equal weight” rating in a research report on Monday, June 16th. Needham & Company LLC reaffirmed a “hold” rating on shares of Analog Devices in a research report on Friday, May 23rd. Oppenheimer boosted their price objective on shares of Analog Devices from $225.00 to $265.00 and gave the company an “outperform” rating in a research report on Friday, May 16th. Cowen reaffirmed a “buy” rating on shares of Analog Devices in a research report on Friday, May 23rd. Finally, Cantor Fitzgerald upgraded shares of Analog Devices from a “neutral” rating to an “overweight” rating and upped their target price for the stock from $250.00 to $270.00 in a research report on Wednesday, June 18th. Six equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $258.89.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $196.84, for a total value of $1,968,400.00. Following the transaction, the chief executive officer owned 142,996 shares of the company’s stock, valued at approximately $28,147,332.64. This represents a 6.54% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ray Stata sold 3,125 shares of the company’s stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $239.23, for a total value of $747,593.75. Following the completion of the transaction, the director directly owned 167,571 shares in the company, valued at $40,088,010.33. This represents a 1.83% decrease in their position. The disclosure for this sale can be found here. Insiders sold 16,250 shares of company stock worth $3,327,994 in the last ninety days. 0.33% of the stock is owned by corporate insiders.

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.