Richard C. Young & CO. LTD. boosted its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 0.7% during the first quarter, HoldingsChannel reports. The institutional investor owned 56,188 shares of the semiconductor company’s stock after acquiring an additional 398 shares during the quarter. Richard C. Young & CO. LTD.’s holdings in Analog Devices were worth $5,908,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds have also bought and sold shares of the business. Vanguard Group Inc boosted its stake in Analog Devices by 1.6% during the third quarter. Vanguard Group Inc now owns 31,687,292 shares of the semiconductor company’s stock worth $2,929,807,000 after buying an additional 496,719 shares in the last quarter. BlackRock Inc. boosted its stake in Analog Devices by 3.9% during the fourth quarter. BlackRock Inc. now owns 25,222,433 shares of the semiconductor company’s stock worth $2,164,841,000 after buying an additional 950,203 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its stake in Analog Devices by 6.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 18,194,991 shares of the semiconductor company’s stock worth $1,561,676,000 after buying an additional 1,147,088 shares in the last quarter. FMR LLC boosted its stake in Analog Devices by 18.3% during the fourth quarter. FMR LLC now owns 7,775,405 shares of the semiconductor company’s stock worth $667,363,000 after buying an additional 1,200,683 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Analog Devices by 1.9% during the fourth quarter. Northern Trust Corp now owns 5,791,733 shares of the semiconductor company’s stock worth $497,104,000 after buying an additional 109,661 shares in the last quarter. Hedge funds and other institutional investors own 89.02% of the company’s stock.

A number of research analysts have issued reports on ADI shares. Zacks Investment Research raised Analog Devices from a “sell” rating to a “hold” rating in a report on Thursday, January 24th. ValuEngine raised Analog Devices from a “hold” rating to a “buy” rating in a report on Friday, January 25th. BidaskClub raised Analog Devices from a “buy” rating to a “strong-buy” rating in a report on Wednesday, January 30th. Piper Jaffray Companies reissued an “outperform” rating and set a $112.00 price objective on shares of Analog Devices in a report on Friday, February 1st. Finally, Bank of America raised Analog Devices from a “neutral” rating to a “buy” rating and lifted their price objective for the company from $96.00 to $125.00 in a report on Monday, February 11th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating and twelve have assigned a buy rating to the stock. Analog Devices presently has a consensus rating of “Hold” and a consensus target price of $104.95.

In other news, SVP Martin Cotter sold 680 shares of the business’s stock in a transaction dated Wednesday, April 3rd. The stock was sold at an average price of $109.62, for a total transaction of $74,541.60. Following the completion of the transaction, the senior vice president now directly owns 173 shares in the company, valued at approximately $18,964.26. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $116.50, for a total value of $1,165,000.00. The disclosure for this sale can be found here. Over the last quarter, insiders sold 89,618 shares of company stock valued at $9,740,427. Corporate insiders own 0.50% of the company’s stock.

Shares of Analog Devices stock traded up $0.98 during trading on Friday, reaching $99.71. The company’s stock had a trading volume of 415,220 shares, compared to its average volume of 2,909,139. The company has a quick ratio of 1.64, a current ratio of 2.34 and a debt-to-equity ratio of 0.54. The stock has a market capitalization of $36.36 billion, a price-to-earnings ratio of 16.79, a P/E/G ratio of 1.47 and a beta of 1.27. Analog Devices, Inc. has a one year low of $76.62 and a one year high of $118.54.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, May 22nd. The semiconductor company reported $1.36 EPS for the quarter, topping the Zacks’ consensus estimate of $1.30 by $0.06. The firm had revenue of $1.53 billion during the quarter, compared to analyst estimates of $1.50 billion. Analog Devices had a return on equity of 19.99% and a net margin of 25.42%. The company’s revenue was down 2.4% on a year-over-year basis. During the same period last year, the company earned $1.45 earnings per share. As a group, sell-side analysts anticipate that Analog Devices, Inc. will post 5.47 EPS for the current year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 11th. Investors of record on Friday, May 31st will be given a $0.54 dividend. The ex-dividend date of this dividend is Thursday, May 30th. This represents a $2.16 dividend on an annualized basis and a yield of 2.17%. Analog Devices’s payout ratio is 36.36%.

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Analog Devices Profile

Analog Devices, Inc engages in the design, development, manufacture, and marketing of integrated circuits (ICs). Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable consumer devices.

Further Reading: Growth and Income Funds

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

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