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

Robeco Institutional Asset Management B.V. trimmed its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 19.5% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 241,759 shares of the semiconductor company's stock after selling 58,609 shares during the period. Robeco Institutional Asset Management B.V.'s holdings in Analog Devices were worth $51,364,000 as of its most recent filing with the SEC.

Several other large investors have also recently made changes to their positions in ADI. Capital Performance Advisors LLP purchased a new stake in shares of Analog Devices in the 3rd quarter valued at $28,000. Archer Investment Corp lifted its position in shares of Analog Devices by 101.4% during the third quarter. Archer Investment Corp now owns 145 shares of the semiconductor company's stock worth $33,000 after purchasing an additional 73 shares in the last quarter. Peterson Financial Group Inc. acquired a new position in shares of Analog Devices in the third quarter valued at approximately $43,000. Reston Wealth Management LLC purchased a new stake in Analog Devices during the 3rd quarter worth approximately $48,000. Finally, Northwest Investment Counselors LLC acquired a new stake in Analog Devices during the 3rd quarter worth approximately $80,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ADI has been the topic of a number of recent research reports. Piper Sandler cut their price objective on Analog Devices from $235.00 to $220.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 27th. Barclays reduced their price target on Analog Devices from $250.00 to $210.00 and set an "equal weight" rating on the stock in a research report on Friday, January 17th. Needham & Company LLC reissued a "hold" rating on shares of Analog Devices in a research report on Wednesday, November 27th. Morgan Stanley reduced their target price on shares of Analog Devices from $252.00 to $248.00 and set an "overweight" rating on the stock in a report on Wednesday, November 27th. Finally, Wells Fargo & Company assumed coverage on shares of Analog Devices in a report on Friday, November 22nd. They set an "equal weight" rating and a $220.00 price target for the company. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $248.70.

Insider Activity at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $223.87, for a total transaction of $2,238,700.00. Following the completion of the transaction, the chief executive officer now owns 21,983 shares in the company, valued at approximately $4,921,334.21. The trade was a 31.27 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Gregory M. Bryant sold 20,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $223.87, for a total transaction of $4,477,400.00. Following the completion of the sale, the executive vice president now owns 59,093 shares in the company, valued at $13,229,149.91. This represents a 25.29 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 50,000 shares of company stock worth $11,029,300 over the last 90 days. Company insiders own 0.31% of the company's stock.

Analog Devices Stock Performance

Shares of Analog Devices stock traded up $0.39 during trading on Thursday, reaching $210.30. The company's stock had a trading volume of 485,596 shares, compared to its average volume of 3,159,529. The company has a 50-day moving average price of $216.50 and a two-hundred day moving average price of $221.67. Analog Devices, Inc. has a fifty-two week low of $182.57 and a fifty-two week high of $244.14. The firm has a market cap of $104.34 billion, a PE ratio of 64.02, a P/E/G ratio of 2.57 and a beta of 1.05. The company has a current ratio of 1.84, a quick ratio of 1.35 and a debt-to-equity ratio of 0.19.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its earnings results on Tuesday, November 26th. The semiconductor company reported $1.67 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.64 by $0.03. The business had revenue of $2.44 billion for the quarter, compared to analyst estimates of $2.41 billion. Analog Devices had a return on equity of 9.01% and a net margin of 17.35%. The company's revenue for the quarter was down 10.1% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.01 earnings per share. On average, analysts forecast that Analog Devices, Inc. will post 7.09 EPS for the current year.

Analog Devices Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 9th were issued a $0.92 dividend. The ex-dividend date of this dividend was Monday, December 9th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.75%. Analog Devices's dividend payout ratio is presently 111.85%.

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.