Flinton Capital Management LLC raised its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 10.7% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 11,934 shares of the semiconductor company’s stock after buying an additional 1,156 shares during the quarter. Flinton Capital Management LLC’s holdings in Analog Devices were worth $928,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently made changes to their positions in ADI. BlackRock Inc. grew its holdings in Analog Devices by 3,292.7% during the 1st quarter. BlackRock Inc. now owns 23,045,295 shares of the semiconductor company’s stock valued at $1,888,562,000 after buying an additional 22,366,040 shares in the last quarter. Vanguard Group Inc. grew its holdings in Analog Devices by 24.3% during the 1st quarter. Vanguard Group Inc. now owns 28,205,340 shares of the semiconductor company’s stock valued at $2,311,428,000 after buying an additional 5,506,925 shares in the last quarter. Franklin Resources Inc. grew its holdings in Analog Devices by 54.1% during the 2nd quarter. Franklin Resources Inc. now owns 9,251,799 shares of the semiconductor company’s stock valued at $719,786,000 after buying an additional 3,248,336 shares in the last quarter. FMR LLC grew its holdings in Analog Devices by 52.2% during the 1st quarter. FMR LLC now owns 7,757,023 shares of the semiconductor company’s stock valued at $635,689,000 after buying an additional 2,661,277 shares in the last quarter. Finally, State Street Corp grew its holdings in Analog Devices by 20.0% during the 1st quarter. State Street Corp now owns 14,958,586 shares of the semiconductor company’s stock valued at $1,225,852,000 after buying an additional 2,493,568 shares in the last quarter. 86.67% of the stock is owned by institutional investors and hedge funds.

A number of brokerages have issued reports on ADI. B. Riley reaffirmed a “buy” rating and set a $103.00 price objective on shares of Analog Devices in a report on Tuesday, June 27th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $92.00 price objective on shares of Analog Devices in a report on Friday, August 4th. Stifel Nicolaus reaffirmed a “buy” rating and set a $97.00 price objective on shares of Analog Devices in a report on Monday, September 25th. BidaskClub upgraded Analog Devices from a “hold” rating to a “buy” rating in a research report on Saturday. Finally, Jefferies Group LLC reiterated a “buy” rating on shares of Analog Devices in a research report on Monday, July 10th. Eleven analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $92.12.

Shares of Analog Devices, Inc. (NASDAQ:ADI) opened at 87.87 on Friday. The company has a market capitalization of $32.31 billion, a P/E ratio of 43.74 and a beta of 1.30. Analog Devices, Inc. has a 12 month low of $59.54 and a 12 month high of $90.49. The company has a 50-day moving average price of $82.99 and a 200-day moving average price of $80.42.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.11. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. Analog Devices had a return on equity of 19.06% and a net margin of 14.77%. The firm’s revenue for the quarter was up 64.9% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.82 earnings per share. On average, analysts forecast that Analog Devices, Inc. will post $4.62 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 19th. Shareholders of record on Friday, September 8th were paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.05%. The ex-dividend date was Thursday, September 7th. Analog Devices’s dividend payout ratio (DPR) is currently 86.12%.

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In other Analog Devices news, SVP Peter Real sold 4,505 shares of the business’s stock in a transaction on Friday, July 21st. The stock was sold at an average price of $80.07, for a total transaction of $360,715.35. Following the transaction, the senior vice president now owns 13,531 shares of the company’s stock, valued at $1,083,427.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Margaret K. Seif sold 3,000 shares of the business’s stock in a transaction on Monday, August 21st. The stock was sold at an average price of $77.81, for a total value of $233,430.00. Following the transaction, the senior vice president now directly owns 20,404 shares in the company, valued at approximately $1,587,635.24. The disclosure for this sale can be found here. Insiders have sold 126,494 shares of company stock worth $10,677,931 in the last three months. 1.10% of the stock is currently owned by corporate insiders.

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.

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

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