Tokio Marine Asset Management Co. Ltd. Increases Stock Position in Analog Devices, Inc. (NASDAQ:ADI)

Tokio Marine Asset Management Co. Ltd. raised its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 2.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 10,863 shares of the semiconductor company’s stock after purchasing an additional 251 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s holdings in Analog Devices were worth $2,157,000 at the end of the most recent reporting period.

Several other hedge funds have also modified their holdings of the company. Pinnacle Bancorp Inc. lifted its holdings in shares of Analog Devices by 101.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 65 shares in the last quarter. Silver Oak Securities Incorporated acquired a new stake in shares of Analog Devices in the 3rd quarter worth about $29,000. Cetera Trust Company N.A bought a new stake in shares of Analog Devices in the 4th quarter worth approximately $29,000. Northwest Capital Management Inc increased its position in shares of Analog Devices by 519.2% in the fourth quarter. Northwest Capital Management Inc now owns 161 shares of the semiconductor company’s stock worth $32,000 after acquiring an additional 135 shares in the last quarter. Finally, CGC Financial Services LLC purchased a new position in Analog Devices during the fourth quarter valued at approximately $37,000. 86.81% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, EVP Vivek Jain sold 3,479 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $197.56, for a total value of $687,311.24. Following the completion of the sale, the executive vice president now directly owns 5,745 shares in the company, valued at approximately $1,134,982.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other Analog Devices news, Director James Champy sold 1,228 shares of the company’s stock in a transaction dated Thursday, March 21st. The shares were sold at an average price of $197.64, for a total transaction of $242,701.92. Following the completion of the sale, the director now directly owns 6,371 shares in the company, valued at $1,259,164.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, EVP Vivek Jain sold 3,479 shares of the stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $197.56, for a total transaction of $687,311.24. Following the completion of the transaction, the executive vice president now directly owns 5,745 shares of the company’s stock, valued at approximately $1,134,982.20. The disclosure for this sale can be found here. In the last three months, insiders sold 24,707 shares of company stock valued at $4,825,113. Insiders own 0.31% of the company’s stock.

Analog Devices Stock Up 0.7 %

Analog Devices stock traded up $1.40 on Thursday, hitting $197.90. 1,207,073 shares of the stock traded hands, compared to its average volume of 3,369,825. Analog Devices, Inc. has a 1 year low of $154.99 and a 1 year high of $204.20. The business’s fifty day simple moving average is $192.97 and its 200 day simple moving average is $187.00. The firm has a market cap of $98.14 billion, a P/E ratio of 34.96, a price-to-earnings-growth ratio of 4.76 and a beta of 1.17. The company has a current ratio of 1.51, a quick ratio of 0.98 and a debt-to-equity ratio of 0.17.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.02. The firm had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.50 billion. Analog Devices had a return on equity of 12.76% and a net margin of 24.34%. The company’s revenue for the quarter was down 22.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $2.75 EPS. As a group, sell-side analysts forecast that Analog Devices, Inc. will post 5.86 earnings per share for the current year.

Analog Devices Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, March 5th were issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 1.86%. This is an increase from Analog Devices’s previous quarterly dividend of $0.86. The ex-dividend date was Monday, March 4th. Analog Devices’s payout ratio is 65.83%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ADI shares. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $205.00 target price on shares of Analog Devices in a report on Monday, March 4th. Barclays lifted their target price on Analog Devices from $180.00 to $185.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 16th. Truist Financial lowered their target price on Analog Devices from $226.00 to $222.00 and set a “buy” rating on the stock in a research report on Thursday, February 22nd. Morgan Stanley reissued an “overweight” rating and set a $212.00 price objective on shares of Analog Devices in a report on Thursday, April 11th. Finally, Wolfe Research upgraded Analog Devices from a “peer perform” rating to an “outperform” rating and set a $225.00 price objective on the stock in a research report on Thursday, January 18th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $208.17.

Analog Devices 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.