Parametric Portfolio Associates LLC boosted its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 1.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 1,359,196 shares of the semiconductor company’s stock after buying an additional 13,341 shares during the quarter. Parametric Portfolio Associates LLC owned approximately 0.37% of Analog Devices worth $153,412,000 as of its most recent SEC filing.

A number of other large investors have also recently bought and sold shares of the business. Geode Capital Management LLC grew its position in shares of Analog Devices by 7.5% in the fourth quarter. Geode Capital Management LLC now owns 4,950,995 shares of the semiconductor company’s stock valued at $424,353,000 after purchasing an additional 346,998 shares during the last quarter. Janus Henderson Group PLC grew its stake in shares of Analog Devices by 0.3% in the 1st quarter. Janus Henderson Group PLC now owns 123,545 shares of the semiconductor company’s stock worth $13,005,000 after buying an additional 417 shares in the last quarter. Wealthstreet Investment Advisors LLC purchased a new position in shares of Analog Devices in the 1st quarter worth $211,000. Cetera Advisors LLC grew its stake in shares of Analog Devices by 1.6% in the 1st quarter. Cetera Advisors LLC now owns 7,063 shares of the semiconductor company’s stock worth $745,000 after buying an additional 112 shares in the last quarter. Finally, Cetera Advisor Networks LLC increased its holdings in shares of Analog Devices by 14.8% in the 1st quarter. Cetera Advisor Networks LLC now owns 3,110 shares of the semiconductor company’s stock worth $331,000 after buying an additional 400 shares during the last quarter. 87.52% of the stock is currently owned by hedge funds and other institutional investors.

Shares of ADI stock traded up $1.16 during trading hours on Wednesday, reaching $115.14. 168,651 shares of the company’s stock were exchanged, compared to its average volume of 2,198,855. The stock’s 50 day moving average is $112.15 and its 200-day moving average is $109.72. The company has a market cap of $41.69 billion, a price-to-earnings ratio of 19.40, a P/E/G ratio of 1.75 and a beta of 1.43. The company has a current ratio of 1.35, a quick ratio of 0.92 and a debt-to-equity ratio of 0.45. Analog Devices, Inc. has a fifty-two week low of $76.62 and a fifty-two week high of $124.79.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, August 21st. The semiconductor company reported $1.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.22 by $0.04. Analog Devices had a return on equity of 17.87% and a net margin of 24.71%. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter last year, the firm earned $1.53 EPS. The business’s quarterly revenue was down 5.0% on a year-over-year basis. Equities analysts anticipate that Analog Devices, Inc. will post 5.2 EPS for the current year.

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, September 11th. Investors of record on Friday, August 30th will be given a dividend of $0.54 per share. The ex-dividend date of this dividend is Thursday, August 29th. This represents a $2.16 dividend on an annualized basis and a dividend yield of 1.88%. Analog Devices’s payout ratio is currently 36.36%.

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Monday, July 1st. The stock was sold at an average price of $115.23, for a total value of $1,152,300.00. Following the completion of the transaction, the chief executive officer now directly owns 31,206 shares of the company’s stock, valued at approximately $3,595,867.38. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CFO Prashanth Mahendra-Rajah sold 1,463 shares of Analog Devices stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $109.75, for a total value of $160,564.25. The disclosure for this sale can be found here. Insiders sold a total of 71,862 shares of company stock valued at $7,978,717 in the last quarter. 0.50% of the stock is owned by insiders.

ADI has been the subject of a number of analyst reports. Goldman Sachs Group raised shares of Analog Devices from a “sell” rating to a “buy” rating and increased their price target for the company from $101.00 to $114.00 in a report on Monday, June 10th. BidaskClub raised shares of Analog Devices from a “sell” rating to a “hold” rating in a research report on Saturday, August 31st. ValuEngine upgraded shares of Analog Devices from a “hold” rating to a “buy” rating in a research note on Thursday, September 5th. SunTrust Banks cut their price objective on shares of Analog Devices to $122.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd. Finally, Royal Bank of Canada reduced their price objective on shares of Analog Devices from $140.00 to $120.00 and set an “outperform” rating for the company in a research note on Wednesday, May 22nd. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $110.11.

Analog Devices Company Profile

Analog Devices, Inc engages in the design, development, manufacture, and marketing of integrated circuits (ICs). Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable consumer devices.

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Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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