Van Lanschot Kempen Investment Management N.V. Has $59.11 Million Stock Position in Analog Devices, Inc. (NASDAQ:ADI)

Van Lanschot Kempen Investment Management N.V. raised its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 1.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 278,204 shares of the semiconductor company's stock after purchasing an additional 3,069 shares during the quarter. Van Lanschot Kempen Investment Management N.V. owned 0.06% of Analog Devices worth $59,107,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently modified their holdings of ADI. TD Waterhouse Canada Inc. increased its position in shares of Analog Devices by 7.7% during the 4th quarter. TD Waterhouse Canada Inc. now owns 6,923 shares of the semiconductor company's stock worth $1,471,000 after purchasing an additional 497 shares in the last quarter. Tower Research Capital LLC TRC increased its holdings in shares of Analog Devices by 68.2% during the fourth quarter. Tower Research Capital LLC TRC now owns 53,948 shares of the semiconductor company's stock worth $11,462,000 after buying an additional 21,873 shares in the last quarter. MML Investors Services LLC increased its holdings in shares of Analog Devices by 4.4% during the fourth quarter. MML Investors Services LLC now owns 78,612 shares of the semiconductor company's stock worth $16,702,000 after buying an additional 3,288 shares in the last quarter. MetLife Investment Management LLC boosted its holdings in shares of Analog Devices by 1.8% in the 4th quarter. MetLife Investment Management LLC now owns 131,395 shares of the semiconductor company's stock worth $27,916,000 after acquiring an additional 2,375 shares in the last quarter. Finally, Norinchukin Bank The boosted its holdings in shares of Analog Devices by 6.9% in the 4th quarter. Norinchukin Bank The now owns 25,864 shares of the semiconductor company's stock worth $5,495,000 after acquiring an additional 1,676 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Ray Stata sold 3,125 shares of the stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $180.21, for a total transaction of $563,156.25. Following the completion of the transaction, the director now directly owns 186,321 shares in the company, valued at approximately $33,576,907.41. This trade represents a 1.65 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Richard C. Puccio, Jr. sold 4,000 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $209.19, for a total value of $836,760.00. Following the completion of the sale, the chief financial officer now owns 49,916 shares in the company, valued at $10,441,928.04. The trade was a 7.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,809 shares of company stock worth $6,154,756 over the last quarter. 0.33% of the stock is currently owned by company insiders.

Analog Devices Trading Down 0.3 %

Shares of ADI traded down $0.64 during trading hours on Friday, reaching $194.59. The stock had a trading volume of 3,206,761 shares, compared to its average volume of 3,457,828. The company has a market cap of $96.51 billion, a P/E ratio of 61.97, a P/E/G ratio of 2.85 and a beta of 1.06. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week high of $247.10. The company has a quick ratio of 1.43, a current ratio of 1.93 and a debt-to-equity ratio of 0.19. The firm has a 50-day moving average of $203.77 and a 200 day moving average of $213.11.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The semiconductor company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.09. Analog Devices had a return on equity of 8.91% and a net margin of 16.75%. The company had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the prior year, the company earned $1.73 earnings per share. The company's revenue for the quarter was down 3.6% compared to the same quarter last year. On average, sell-side analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices announced that its Board of Directors has initiated a stock repurchase plan on Tuesday, February 18th that allows the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to repurchase up to 9.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's management believes its shares are undervalued.

Analog Devices Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, March 4th were paid a $0.99 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.96 dividend on an annualized basis and a yield of 2.04%. This is a positive change from Analog Devices's previous quarterly dividend of $0.92. Analog Devices's payout ratio is presently 126.11%.

Analyst Ratings Changes

Several brokerages have issued reports on ADI. Citigroup cut their price objective on Analog Devices from $265.00 to $235.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Wells Fargo & Company upped their price target on shares of Analog Devices from $220.00 to $240.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 20th. Morgan Stanley set a $214.00 price objective on shares of Analog Devices in a research report on Monday. Truist Financial upped their target price on shares of Analog Devices from $230.00 to $248.00 and gave the stock a "hold" rating in a research report on Thursday, February 20th. Finally, Oppenheimer reissued an "outperform" rating and issued a $270.00 price target (up previously from $245.00) on shares of Analog Devices in a report on Thursday, February 20th. Six analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average price target of $250.43.

Analog Devices Company 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.