Fiera Capital Corp boosted its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 29.4% in the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,597,696 shares of the semiconductor company’s stock after acquiring an additional 363,238 shares during the period. Fiera Capital Corp owned 0.44% of Analog Devices worth $124,301,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently bought and sold shares of ADI. BlackRock Inc. grew its stake in Analog Devices by 3,292.7% during the first quarter. BlackRock Inc. now owns 23,045,295 shares of the semiconductor company’s stock valued at $1,888,562,000 after acquiring an additional 22,366,040 shares in the last quarter. Vanguard Group Inc. lifted its position in Analog Devices by 24.3% during the first quarter. Vanguard Group Inc. now owns 28,205,340 shares of the semiconductor company’s stock valued at $2,311,428,000 after purchasing an additional 5,506,925 shares during the last quarter. Franklin Resources Inc. lifted its position in Analog Devices by 54.1% during the second quarter. Franklin Resources Inc. now owns 9,251,799 shares of the semiconductor company’s stock valued at $719,786,000 after purchasing an additional 3,248,336 shares during the last quarter. First Eagle Investment Management LLC lifted its position in Analog Devices by 84.6% during the first quarter. First Eagle Investment Management LLC now owns 6,520,656 shares of the semiconductor company’s stock valued at $534,368,000 after purchasing an additional 2,987,637 shares during the last quarter. Finally, FMR LLC lifted its position in Analog Devices by 52.2% during the first quarter. FMR LLC now owns 7,757,023 shares of the semiconductor company’s stock valued at $635,689,000 after purchasing an additional 2,661,277 shares during the last quarter. 86.72% of the stock is owned by institutional investors.

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ADI has been the subject of several research reports. Jefferies Group LLC reiterated a “buy” rating on shares of Analog Devices in a research report on Monday, July 10th. BidaskClub lowered shares of Analog Devices from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Citigroup Inc. reiterated a “neutral” rating and set a $88.00 price objective (down previously from $91.00) on shares of Analog Devices in a research report on Friday, September 1st. Raymond James Financial, Inc. initiated coverage on shares of Analog Devices in a research report on Friday, June 16th. They set a “market perform” rating for the company. Finally, Royal Bank Of Canada reiterated a “buy” rating and set a $92.00 price objective on shares of Analog Devices in a research report on Friday, August 4th. Twelve analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus target price of $91.85.

In related news, SVP Margaret K. Seif sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $80.28, for a total value of $240,840.00. Following the sale, the senior vice president now owns 20,404 shares of the company’s stock, valued at $1,638,033.12. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Bruce R. Evans bought 14,000 shares of Analog Devices stock in a transaction that occurred on Friday, July 7th. The stock was purchased at an average cost of $78.28 per share, for a total transaction of $1,095,920.00. Following the acquisition, the director now owns 67,540 shares of the company’s stock, valued at $5,287,031.20. The disclosure for this purchase can be found here. In the last ninety days, insiders sold 45,686 shares of company stock worth $3,780,282. 1.10% of the stock is owned by corporate insiders.

Shares of Analog Devices, Inc. (NASDAQ ADI) traded down 0.56% on Tuesday, hitting $81.76. 692,495 shares of the stock were exchanged. Analog Devices, Inc. has a 52-week low of $59.54 and a 52-week high of $90.49. The company’s 50 day moving average is $79.65 and its 200-day moving average is $80.11. The stock has a market cap of $30.01 billion, a PE ratio of 31.31 and a beta of 1.29.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.11. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Analog Devices had a net margin of 14.77% and a return on equity of 19.06%. The firm’s revenue was up 64.9% compared to the same quarter last year. During the same quarter last year, the company earned $0.82 earnings per share. Analysts predict that Analog Devices, Inc. will post $4.62 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Friday, September 8th will be issued a $0.45 dividend. The ex-dividend date is Thursday, September 7th. This represents a $1.80 annualized dividend and a yield of 2.19%. Analog Devices’s dividend payout ratio (DPR) is 86.12%.

Analog Devices Company Profile

Analog Devices, Inc (Analog Devices) designs, manufactures and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. Its products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products.

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

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