Boston Partners Acquires 155,084 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Boston Partners grew its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 33.7% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 614,862 shares of the semiconductor company’s stock after purchasing an additional 155,084 shares during the quarter. Boston Partners owned about 0.12% of Analog Devices worth $119,758,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ADI. Markel Corp boosted its position in Analog Devices by 1.4% during the first quarter. Markel Corp now owns 1,077,821 shares of the semiconductor company’s stock worth $178,034,000 after purchasing an additional 15,150 shares during the period. Fairfield Bush & CO. bought a new position in Analog Devices during the first quarter worth about $82,000. United Bank boosted its position in shares of Analog Devices by 24.7% in the first quarter. United Bank now owns 6,647 shares of the semiconductor company’s stock valued at $1,098,000 after acquiring an additional 1,315 shares during the period. U.S. Capital Wealth Advisors LLC boosted its position in shares of Analog Devices by 34.7% in the first quarter. U.S. Capital Wealth Advisors LLC now owns 1,599 shares of the semiconductor company’s stock valued at $264,000 after acquiring an additional 412 shares during the period. Finally, Canada Pension Plan Investment Board boosted its position in shares of Analog Devices by 14.5% in the first quarter. Canada Pension Plan Investment Board now owns 116,085 shares of the semiconductor company’s stock valued at $19,175,000 after acquiring an additional 14,718 shares during the period. Institutional investors own 85.55% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently commented on ADI shares. Oppenheimer restated an “outperform” rating and issued a $215.00 price objective on shares of Analog Devices in a research report on Thursday, August 24th. Raymond James lowered their target price on shares of Analog Devices from $225.00 to $200.00 and set an “outperform” rating on the stock in a research note on Thursday, August 24th. StockNews.com assumed coverage on shares of Analog Devices in a research note on Thursday, October 5th. They issued a “hold” rating on the stock. The Goldman Sachs Group lowered their target price on shares of Analog Devices from $204.00 to $188.00 and set a “buy” rating on the stock in a research note on Wednesday, August 23rd. Finally, Susquehanna reaffirmed a “positive” rating and issued a $215.00 target price on shares of Analog Devices in a research note on Monday, September 18th. Six investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $205.46.

Insider Activity at Analog Devices

In other news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $182.60, for a total transaction of $1,826,000.00. Following the sale, the chief executive officer now owns 70,713 shares in the company, valued at approximately $12,912,193.80. The sale was disclosed in a document filed with the SEC, which is accessible through this link. 0.46% of the stock is currently owned by company insiders.

Analog Devices Stock Up 1.8 %

Shares of NASDAQ ADI opened at $183.05 on Friday. The company has a market cap of $91.22 billion, a price-to-earnings ratio of 24.87, a PEG ratio of 2.25 and a beta of 1.16. The firm’s fifty day moving average is $171.62 and its 200 day moving average is $180.80. Analog Devices, Inc. has a 52 week low of $154.99 and a 52 week high of $200.10. The company has a quick ratio of 1.10, a current ratio of 1.71 and a debt-to-equity ratio of 0.18.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, August 23rd. The semiconductor company reported $2.49 earnings per share for the quarter, missing the consensus estimate of $2.52 by ($0.03). The company had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.10 billion. Analog Devices had a net margin of 29.23% and a return on equity of 15.20%. The business’s revenue was down 1.1% on a year-over-year basis. During the same quarter last year, the firm earned $2.52 EPS. On average, equities research analysts expect that Analog Devices, Inc. will post 10.08 earnings per share for the current year.

Analog Devices Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, September 14th. Investors of record on Tuesday, September 5th were issued a $0.86 dividend. This represents a $3.44 annualized dividend and a yield of 1.88%. The ex-dividend date was Friday, September 1st. Analog Devices’s dividend payout ratio (DPR) is currently 46.74%.

About Analog Devices

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. 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 high-end consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.