Analog Devices, Inc. (NASDAQ:ADI) Shares Purchased by Fort Washington Investment Advisors Inc. OH

Fort Washington Investment Advisors Inc. OH grew its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 8.5% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 238,871 shares of the semiconductor company’s stock after acquiring an additional 18,810 shares during the period. Fort Washington Investment Advisors Inc. OH’s holdings in Analog Devices were worth $54,525,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of ADI. Mitsubishi UFJ Asset Management Co. Ltd. raised its position in shares of Analog Devices by 4.3% during the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 521,438 shares of the semiconductor company’s stock valued at $98,531,000 after acquiring an additional 21,522 shares in the last quarter. Point72 Italy S.r.l. acquired a new stake in shares of Analog Devices during the fourth quarter worth $6,367,000. Grayhawk Investment Strategies Inc. bought a new position in shares of Analog Devices in the 4th quarter worth about $850,000. Capital International Investors boosted its holdings in shares of Analog Devices by 5.8% in the 4th quarter. Capital International Investors now owns 4,510,652 shares of the semiconductor company’s stock valued at $895,702,000 after buying an additional 246,799 shares during the period. Finally, Bradley Foster & Sargent Inc. CT grew its position in shares of Analog Devices by 1,055.6% during the 4th quarter. Bradley Foster & Sargent Inc. CT now owns 228,275 shares of the semiconductor company’s stock valued at $45,326,000 after buying an additional 208,522 shares during the last quarter. Institutional investors own 86.81% of the company’s stock.

Analog Devices Price Performance

Shares of NASDAQ ADI traded up $3.95 during mid-day trading on Friday, reaching $234.84. 2,770,944 shares of the company traded hands, compared to its average volume of 3,366,937. The firm has a market cap of $116.53 billion, a PE ratio of 54.87, a price-to-earnings-growth ratio of 3.69 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.58 and a quick ratio of 1.13. Analog Devices, Inc. has a fifty-two week low of $154.99 and a fifty-two week high of $244.14. The stock has a fifty day simple moving average of $225.98 and a 200-day simple moving average of $212.32.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Wednesday, August 21st. The semiconductor company reported $1.58 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.50 by $0.08. The company had revenue of $2.31 billion for the quarter, compared to analysts’ expectations of $2.27 billion. Analog Devices had a return on equity of 10.74% and a net margin of 20.45%. The firm’s revenue for the quarter was down 24.8% on a year-over-year basis. During the same period last year, the firm earned $2.49 EPS. Equities research analysts anticipate that Analog Devices, Inc. will post 6.24 EPS for the current fiscal year.

Analog Devices Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd will be given a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 1.57%. The ex-dividend date is Tuesday, September 3rd. Analog Devices’s dividend payout ratio is 85.98%.

Insider Activity

In other Analog Devices news, Director Edward H. Frank sold 995 shares of the firm’s stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $234.31, for a total transaction of $233,138.45. Following the transaction, the director now directly owns 3,753 shares in the company, valued at $879,365.43. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, EVP Gregory M. Bryant sold 17,612 shares of the business’s stock in a transaction on Thursday, June 13th. The shares were sold at an average price of $233.94, for a total value of $4,120,151.28. Following the completion of the sale, the executive vice president now directly owns 69,241 shares in the company, valued at $16,198,239.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Edward H. Frank sold 995 shares of the firm’s stock in a transaction on Thursday, August 29th. The shares were sold at an average price of $234.31, for a total transaction of $233,138.45. Following the completion of the transaction, the director now owns 3,753 shares in the company, valued at $879,365.43. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 39,107 shares of company stock worth $9,014,710. 0.31% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities analysts have issued reports on ADI shares. Robert W. Baird raised their target price on shares of Analog Devices from $200.00 to $250.00 and gave the stock an “outperform” rating in a report on Friday, May 24th. Cantor Fitzgerald reissued a “neutral” rating and issued a $250.00 price target on shares of Analog Devices in a report on Tuesday, July 16th. Jefferies Financial Group assumed coverage on Analog Devices in a research note on Monday, May 13th. They set a “buy” rating and a $250.00 price objective for the company. UBS Group raised their target price on Analog Devices from $225.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, May 23rd. Finally, TD Cowen upped their price target on shares of Analog Devices from $210.00 to $270.00 and gave the stock a “buy” rating in a research report on Thursday, May 23rd. Six research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $251.45.

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.