Voya Investment Management LLC Has $18.41 Million Stake in Analog Devices, Inc. (ADI)
Voya Investment Management LLC lifted its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 14.7% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 236,675 shares of the semiconductor company’s stock after purchasing an additional 30,314 shares during the period. Voya Investment Management LLC owned about 0.06% of Analog Devices worth $18,413,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors have also made changes to their positions in the company. Ontario Teachers Pension Plan Board lifted its position in shares of Analog Devices by 25.9% during the 2nd quarter. Ontario Teachers Pension Plan Board now owns 58,937 shares of the semiconductor company’s stock valued at $4,585,000 after buying an additional 12,142 shares in the last quarter. Veritable L.P. grew its stake in Analog Devices by 30.9% in the 2nd quarter. Veritable L.P. now owns 18,784 shares of the semiconductor company’s stock valued at $1,461,000 after acquiring an additional 4,436 shares during the period. Evercore Wealth Management LLC grew its stake in Analog Devices by 4.7% in the 2nd quarter. Evercore Wealth Management LLC now owns 7,882 shares of the semiconductor company’s stock valued at $613,000 after acquiring an additional 352 shares during the period. Dimensional Fund Advisors LP grew its stake in Analog Devices by 15.5% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,137,165 shares of the semiconductor company’s stock valued at $88,475,000 after acquiring an additional 152,742 shares during the period. Finally, Hancock Holding Co. purchased a new stake in Analog Devices in the 2nd quarter worth $528,000. Hedge funds and other institutional investors own 86.67% of the company’s stock.
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Shares of Analog Devices, Inc. (ADI) opened at 85.82 on Tuesday. The company has a 50-day moving average of $82.10 and a 200 day moving average of $80.26. The stock has a market capitalization of $31.55 billion, a price-to-earnings ratio of 42.72 and a beta of 1.30. Analog Devices, Inc. has a one year low of $59.54 and a one year high of $90.49.
Analog Devices (NASDAQ:ADI) last issued its quarterly 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. Analog Devices had a return on equity of 19.06% and a net margin of 14.77%. The company had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the firm posted $0.82 EPS. Analog Devices’s revenue was up 64.9% on a year-over-year basis. Equities research analysts forecast that Analog Devices, Inc. will post $4.62 earnings per share for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 19th. Stockholders of record on Friday, September 8th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.10%. The ex-dividend date was Thursday, September 7th. Analog Devices’s dividend payout ratio (DPR) is 86.12%.
A number of equities analysts have weighed in on the stock. Stifel Nicolaus restated a “buy” rating and set a $97.00 price objective on shares of Analog Devices in a research report on Monday, September 25th. ValuEngine lowered shares of Analog Devices from a “buy” rating to a “hold” rating in a research report on Thursday, September 21st. Morgan Stanley reiterated an “overweight” rating and issued a $98.00 target price on shares of Analog Devices in a research report on Wednesday, September 20th. BidaskClub lowered shares of Analog Devices from a “buy” rating to a “hold” rating in a research report on Saturday, September 9th. Finally, B. Riley reissued a “buy” rating and set a $110.00 target price on shares of Analog Devices in a research note on Saturday, September 2nd. Thirteen analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $91.92.
In related news, Director Bruce R. Evans bought 14,000 shares of the firm’s stock in a transaction that occurred on Friday, July 7th. The shares were acquired at an average cost of $78.28 per share, with a total value of $1,095,920.00. Following the completion of the transaction, the director now owns 67,540 shares of the company’s stock, valued at $5,287,031.20. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ray Stata sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $83.50, for a total transaction of $2,087,500.00. Following the completion of the sale, the director now owns 234,481 shares of the company’s stock, valued at $19,579,163.50. The disclosure for this sale can be found here. Insiders have sold 106,494 shares of company stock worth $8,920,681 in the last 90 days. Insiders own 1.10% of the company’s stock.
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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