Robeco Institutional Asset Management B.V. Acquires 14,677 Shares of Analog Devices (ADI)

Robeco Institutional Asset Management B.V. lifted its holdings in Analog Devices (NASDAQ:ADI) by 42.6% in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 49,119 shares of the semiconductor company’s stock after purchasing an additional 14,677 shares during the quarter. Robeco Institutional Asset Management B.V.’s holdings in Analog Devices were worth $4,477,000 at the end of the most recent quarter.

Several other hedge funds have also bought and sold shares of the stock. Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its stake in Analog Devices by 2.0% during the first quarter. Fjarde AP Fonden Fourth Swedish National Pension Fund now owns 110,900 shares of the semiconductor company’s stock worth $10,106,000 after buying an additional 2,134 shares during the period. Quantitative Systematic Strategies LLC purchased a new stake in shares of Analog Devices during the first quarter valued at $1,434,000. San Francisco Sentry Investment Group CA boosted its stake in shares of Analog Devices by 34.2% during the first quarter. San Francisco Sentry Investment Group CA now owns 4,901 shares of the semiconductor company’s stock valued at $447,000 after purchasing an additional 1,249 shares during the period. M&T Bank Corp boosted its stake in shares of Analog Devices by 1.2% during the first quarter. M&T Bank Corp now owns 270,797 shares of the semiconductor company’s stock valued at $24,677,000 after purchasing an additional 3,160 shares during the period. Finally, D.A. Davidson & CO. boosted its stake in shares of Analog Devices by 7.9% during the first quarter. D.A. Davidson & CO. now owns 9,530 shares of the semiconductor company’s stock valued at $868,000 after purchasing an additional 696 shares during the period. 87.93% of the stock is owned by hedge funds and other institutional investors.

In other news, CAO Eileen Wynne sold 5,209 shares of the company’s stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $94.86, for a total transaction of $494,125.74. Following the transaction, the chief accounting officer now owns 3,895 shares in the company, valued at $369,479.70. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Margaret K. Seif sold 7,000 shares of the company’s stock in a transaction dated Monday, March 5th. The shares were sold at an average price of $88.83, for a total transaction of $621,810.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 67,106 shares of company stock worth $6,060,346. Corporate insiders own 0.70% of the company’s stock.

Shares of Analog Devices stock opened at $94.88 on Monday. The stock has a market capitalization of $35.09 billion, a price-to-earnings ratio of 18.39, a PEG ratio of 1.40 and a beta of 1.24. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.71. Analog Devices has a one year low of $76.07 and a one year high of $98.38.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, February 28th. The semiconductor company reported $1.42 EPS for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.13. The business had revenue of $1.52 billion during the quarter, compared to the consensus estimate of $1.49 billion. Analog Devices had a net margin of 13.80% and a return on equity of 18.78%. The firm’s revenue was up 54.4% on a year-over-year basis. During the same period in the previous year, the company posted $0.94 earnings per share. sell-side analysts anticipate that Analog Devices will post 5.63 EPS for the current year.

A number of brokerages have recently issued reports on ADI. Zacks Investment Research lowered shares of Analog Devices from a “buy” rating to a “hold” rating in a research note on Monday, May 14th. BidaskClub raised shares of Analog Devices from a “hold” rating to a “buy” rating in a research note on Friday, May 11th. B. Riley reissued a “buy” rating and set a $122.00 target price (up from $113.00) on shares of Analog Devices in a research note on Wednesday, February 28th. SunTrust Banks boosted their target price on shares of Analog Devices to $116.00 and gave the company a “positive” rating in a research note on Thursday, April 12th. They noted that the move was a valuation call. Finally, KeyCorp boosted their target price on shares of Analog Devices from $107.00 to $110.00 and gave the company an “overweight” rating in a research note on Thursday, March 1st. Seven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. Analog Devices has a consensus rating of “Buy” and an average target price of $101.21.

Analog Devices Company Profile

Analog Devices, Inc designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits (ICs), algorithms, software, and subsystems. It offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency ICs to support cellular infrastructure.

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

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