Robeco Institutional Asset Management B.V. Grows Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Robeco Institutional Asset Management B.V. increased its stake in Analog Devices, Inc. (NASDAQ:ADI) by 229.6% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 796,824 shares of the semiconductor company’s stock after buying an additional 555,065 shares during the period. Robeco Institutional Asset Management B.V. owned about 0.16% of Analog Devices worth $160,695,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also made changes to their positions in ADI. Norges Bank acquired a new position in Analog Devices during the 4th quarter worth $1,755,958,000. Raymond James Financial Inc. bought a new position in shares of Analog Devices during the fourth quarter worth about $833,386,000. Proficio Capital Partners LLC grew its stake in Analog Devices by 22,005.0% in the fourth quarter. Proficio Capital Partners LLC now owns 3,073,252 shares of the semiconductor company’s stock worth $652,943,000 after purchasing an additional 3,059,349 shares in the last quarter. GAMMA Investing LLC increased its holdings in Analog Devices by 25,460.1% in the first quarter. GAMMA Investing LLC now owns 2,211,715 shares of the semiconductor company’s stock valued at $446,037,000 after buying an additional 2,203,062 shares during the last quarter. Finally, Kovitz Investment Group Partners LLC raised its stake in Analog Devices by 301.1% during the fourth quarter. Kovitz Investment Group Partners LLC now owns 1,581,157 shares of the semiconductor company’s stock valued at $335,933,000 after buying an additional 1,186,981 shares in the last quarter. Institutional investors own 86.81% of the company’s stock.

Wall Street Analysts Forecast Growth

ADI has been the subject of several research reports. KGI Securities began coverage on Analog Devices in a research report on Friday, May 23rd. They issued a “buy” rating for the company. Barclays lifted their price objective on shares of Analog Devices from $170.00 to $185.00 and gave the stock an “equal weight” rating in a report on Friday, May 23rd. Citigroup boosted their target price on shares of Analog Devices from $235.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, May 19th. Morgan Stanley reduced their price target on shares of Analog Devices from $214.00 to $212.00 and set an “overweight” rating on the stock in a research report on Friday, May 23rd. Finally, Raymond James Financial raised shares of Analog Devices from a “moderate buy” rating to a “strong-buy” rating in a report on Wednesday, June 18th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $251.75.

Insider Activity

In related news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Thursday, May 1st. The shares were sold at an average price of $196.84, for a total transaction of $1,968,400.00. Following the completion of the sale, the chief executive officer now directly owns 142,996 shares of the company’s stock, valued at $28,147,332.64. This represents a 6.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ray Stata sold 3,125 shares of the firm’s stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $180.21, for a total transaction of $563,156.25. Following the sale, the director now owns 186,321 shares of the company’s stock, valued at $33,576,907.41. The trade was a 1.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 16,250 shares of company stock worth $3,143,556. 0.33% of the stock is owned by company insiders.

Analog Devices Price Performance

Shares of NASDAQ ADI opened at $234.68 on Thursday. The stock has a market cap of $116.46 billion, a P/E ratio of 63.95, a P/E/G ratio of 2.17 and a beta of 1.00. The firm’s 50-day simple moving average is $212.88 and its 200 day simple moving average is $211.48. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $247.10. The company has a quick ratio of 1.51, a current ratio of 2.08 and a debt-to-equity ratio of 0.19.

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 firm had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Analog Devices had a net margin of 18.65% and a return on equity of 9.56%. Analog Devices’s quarterly revenue was up 22.3% on a year-over-year basis. During the same quarter last year, the company earned $1.40 EPS. Equities analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were paid a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 1.69%. The ex-dividend date was Wednesday, June 4th. Analog Devices’s payout ratio is currently 107.90%.

About Analog Devices

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.