Elo Mutual Pension Insurance Co Increases Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Elo Mutual Pension Insurance Co boosted its position in Analog Devices, Inc. (NASDAQ:ADI) by 0.5% during the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 45,572 shares of the semiconductor company’s stock after buying an additional 228 shares during the period. Elo Mutual Pension Insurance Co’s holdings in Analog Devices were worth $10,402,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of ADI. 9258 Wealth Management LLC grew its holdings in Analog Devices by 3.9% during the fourth quarter. 9258 Wealth Management LLC now owns 2,237 shares of the semiconductor company’s stock worth $444,000 after acquiring an additional 85 shares during the period. Level Four Advisory Services LLC boosted its holdings in Analog Devices by 17.3% during the fourth quarter. Level Four Advisory Services LLC now owns 2,082 shares of the semiconductor company’s stock worth $413,000 after buying an additional 307 shares in the last quarter. PNC Financial Services Group Inc. increased its holdings in Analog Devices by 3.9% in the fourth quarter. PNC Financial Services Group Inc. now owns 146,014 shares of the semiconductor company’s stock valued at $28,993,000 after buying an additional 5,514 shares in the last quarter. Gladstone Institutional Advisory LLC raised its position in shares of Analog Devices by 17.1% in the fourth quarter. Gladstone Institutional Advisory LLC now owns 1,564 shares of the semiconductor company’s stock worth $311,000 after acquiring an additional 228 shares during the period. Finally, D.A. Davidson & CO. boosted its stake in shares of Analog Devices by 2.2% during the 4th quarter. D.A. Davidson & CO. now owns 6,860 shares of the semiconductor company’s stock worth $1,362,000 after acquiring an additional 146 shares in the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ADI has been the subject of a number of analyst reports. Needham & Company LLC reaffirmed a “hold” rating on shares of Analog Devices in a report on Thursday, August 22nd. Morgan Stanley boosted their target price on shares of Analog Devices from $250.00 to $257.00 and gave the stock an “overweight” rating in a research note on Thursday, August 22nd. Bank of America lowered their price objective on Analog Devices from $260.00 to $255.00 and set a “buy” rating on the stock in a report on Thursday, August 22nd. Robert W. Baird raised their price objective on Analog Devices from $200.00 to $250.00 and gave the company an “outperform” rating in a report on Friday, May 24th. Finally, The Goldman Sachs Group boosted their target price on Analog Devices from $205.00 to $252.00 and gave the stock a “buy” rating in a report on Thursday, May 23rd. Six research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, Analog Devices has a consensus rating of “Moderate Buy” and an average price target of $251.45.

Analog Devices Price Performance

ADI opened at $225.35 on Wednesday. The firm has a market cap of $111.82 billion, a price-to-earnings ratio of 52.65, a PEG ratio of 3.74 and a beta of 1.07. The company has a current ratio of 1.69, a quick ratio of 1.24 and a debt-to-equity ratio of 0.19. The stock’s 50-day moving average price is $224.35 and its 200 day moving average price is $215.68. Analog Devices, Inc. has a 12-month low of $154.99 and a 12-month high of $244.14.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, August 21st. The semiconductor company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.50 by $0.08. Analog Devices had a net margin of 17.07% and a return on equity of 9.47%. The business had revenue of $2.31 billion during the quarter, compared to analyst estimates of $2.27 billion. During the same quarter last year, the firm posted $2.49 earnings per share. The business’s revenue for the quarter was down 24.8% compared to the same quarter last year. As a group, sell-side analysts expect that Analog Devices, Inc. will post 6.33 earnings per share for the current year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Investors of record on Tuesday, September 3rd were paid a dividend of $0.92 per share. The ex-dividend date was Tuesday, September 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.63%. Analog Devices’s payout ratio is currently 85.98%.

Insider Activity

In related news, Director Edward H. Frank sold 500 shares of the company’s stock in a transaction that occurred on Friday, August 23rd. The stock was sold at an average price of $227.24, for a total value of $113,620.00. Following the completion of the transaction, the director now directly owns 4,748 shares of the company’s stock, valued at $1,078,935.52. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director Edward H. Frank sold 500 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $227.24, for a total value of $113,620.00. Following the completion of the sale, the director now directly owns 4,748 shares of the company’s stock, valued at $1,078,935.52. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $228.69, for a total value of $2,286,900.00. Following the transaction, the chief executive officer now directly owns 51,039 shares in the company, valued at approximately $11,672,108.91. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 31,495 shares of company stock worth $7,181,458. 0.31% of the stock is currently owned by insiders.

Analog Devices 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.