Robeco Schweiz AG Reduces Holdings in Analog Devices, Inc. $ADI

Robeco Schweiz AG trimmed its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 10.7% during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 312,568 shares of the semiconductor company’s stock after selling 37,287 shares during the quarter. Analog Devices makes up about 1.7% of Robeco Schweiz AG’s holdings, making the stock its 19th biggest position. Robeco Schweiz AG owned 0.06% of Analog Devices worth $76,798,000 as of its most recent SEC filing.

Other institutional investors also recently bought and sold shares of the company. Vanguard Group Inc. boosted its holdings in shares of Analog Devices by 1.5% in the second quarter. Vanguard Group Inc. now owns 50,227,231 shares of the semiconductor company’s stock valued at $11,955,086,000 after acquiring an additional 761,861 shares in the last quarter. State Street Corp boosted its holdings in Analog Devices by 2.2% in the 2nd quarter. State Street Corp now owns 23,317,256 shares of the semiconductor company’s stock valued at $5,549,973,000 after purchasing an additional 506,507 shares in the last quarter. Geode Capital Management LLC increased its position in Analog Devices by 5.7% during the 2nd quarter. Geode Capital Management LLC now owns 11,687,660 shares of the semiconductor company’s stock worth $2,770,448,000 after purchasing an additional 633,425 shares during the period. Norges Bank acquired a new stake in Analog Devices in the second quarter valued at $1,803,377,000. Finally, Ameriprise Financial Inc. grew its stake in shares of Analog Devices by 6.3% during the 2nd quarter. Ameriprise Financial Inc. now owns 6,326,772 shares of the semiconductor company’s stock worth $1,506,448,000 after purchasing an additional 375,207 shares during the period. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Friday, January 2nd. The shares were sold at an average price of $275.07, for a total value of $2,750,700.00. Following the completion of the sale, the chief executive officer owned 155,688 shares in the company, valued at approximately $42,825,098.16. This trade represents a 6.04% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Katsufumi Nakamura sold 500 shares of the company’s stock in a transaction dated Friday, January 9th. The shares were sold at an average price of $301.46, for a total value of $150,730.00. Following the sale, the senior vice president owned 12,710 shares in the company, valued at approximately $3,831,556.60. This represents a 3.79% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 50,419 shares of company stock worth $13,399,592 in the last three months. 0.33% of the stock is owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have weighed in on ADI shares. Robert W. Baird lifted their price target on shares of Analog Devices from $250.00 to $275.00 and gave the company an “outperform” rating in a report on Wednesday, November 26th. Stifel Nicolaus set a $280.00 target price on shares of Analog Devices in a report on Friday, November 21st. Cfra reissued a “buy” rating and issued a $280.00 price objective on shares of Analog Devices in a report on Tuesday, November 25th. Wells Fargo & Company increased their target price on shares of Analog Devices from $250.00 to $265.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 25th. Finally, KeyCorp lifted their price objective on shares of Analog Devices from $330.00 to $375.00 and gave the stock an “overweight” rating in a research note on Tuesday. Three analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and seven have issued a Hold rating to the company. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $290.04.

Analog Devices Stock Performance

Shares of Analog Devices stock opened at $296.21 on Wednesday. The firm has a 50 day simple moving average of $265.19 and a 200 day simple moving average of $248.85. The firm has a market cap of $145.04 billion, a P/E ratio of 64.96, a P/E/G ratio of 1.62 and a beta of 1.03. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $303.20. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.19 and a quick ratio of 1.68.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Tuesday, November 25th. The semiconductor company reported $2.26 EPS for the quarter, topping the consensus estimate of $2.22 by $0.04. The business had revenue of $3.08 billion for the quarter, compared to the consensus estimate of $3.02 billion. Analog Devices had a return on equity of 11.23% and a net margin of 20.58%.The firm’s revenue was up 25.9% compared to the same quarter last year. During the same quarter last year, the business posted $1.67 EPS. Sell-side analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Stockholders of record on Monday, December 8th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, December 8th. Analog Devices’s dividend payout ratio (DPR) is presently 86.84%.

Analog Devices Profile

Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.