Meiji Yasuda Asset Management Co Ltd. Has $390,000 Position in Analog Devices, Inc. (ADI)

Meiji Yasuda Asset Management Co Ltd. raised its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 17.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,754 shares of the semiconductor company’s stock after buying an additional 722 shares during the period. Meiji Yasuda Asset Management Co Ltd.’s holdings in Analog Devices were worth $390,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of ADI. Wellington Management Group LLP raised its position in shares of Analog Devices by 14.4% in the first quarter. Wellington Management Group LLP now owns 18,479,225 shares of the semiconductor company’s stock worth $1,514,372,000 after buying an additional 2,319,193 shares during the last quarter. Wells Fargo & Company MN raised its position in shares of Analog Devices by 8.4% in the first quarter. Wells Fargo & Company MN now owns 7,957,053 shares of the semiconductor company’s stock worth $652,081,000 after buying an additional 614,150 shares during the last quarter. FMR LLC raised its position in shares of Analog Devices by 52.2% in the first quarter. FMR LLC now owns 7,757,023 shares of the semiconductor company’s stock worth $635,689,000 after buying an additional 2,661,277 shares during the last quarter. Massachusetts Financial Services Co. MA raised its position in shares of Analog Devices by 5.4% in the first quarter. Massachusetts Financial Services Co. MA now owns 6,523,133 shares of the semiconductor company’s stock worth $534,571,000 after buying an additional 335,191 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its position in shares of Analog Devices by 84.6% in the first quarter. First Eagle Investment Management LLC now owns 6,520,656 shares of the semiconductor company’s stock worth $534,368,000 after buying an additional 2,987,637 shares during the last quarter. Hedge funds and other institutional investors own 88.06% of the company’s stock.

Shares of Analog Devices, Inc. (ADI) opened at 78.14 on Wednesday. The company’s 50 day moving average price is $80.06 and its 200 day moving average price is $78.13. Analog Devices, Inc. has a one year low of $52.17 and a one year high of $90.49. The stock has a market capitalization of $28.68 billion, a price-to-earnings ratio of 29.93 and a beta of 1.27.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, May 31st. The semiconductor company reported $1.03 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.85 by $0.18. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. Analog Devices had a net margin of 20.88% and a return on equity of 19.39%. The company’s revenue for the quarter was up 41.2% compared to the same quarter last year. During the same period in the prior year, the business earned $0.64 EPS. On average, analysts expect that Analog Devices, Inc. will post $4.37 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Tuesday, June 20th. Investors of record on Friday, June 9th were paid a $0.45 dividend. This represents a $1.80 dividend on an annualized basis and a yield of 2.30%. The ex-dividend date was Wednesday, June 7th. Analog Devices’s payout ratio is presently 67.92%.

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A number of equities analysts have issued reports on the company. B. Riley reaffirmed a “buy” rating and set a $103.00 price target on shares of Analog Devices in a research note on Wednesday, March 22nd. Stifel Nicolaus reaffirmed a “buy” rating and set a $95.00 price target on shares of Analog Devices in a research note on Monday, March 13th. Stephens raised Analog Devices from an “equal weight” rating to an “overweight” rating in a research note on Monday, April 24th. Jefferies Group LLC reaffirmed a “buy” rating and set a $100.00 price target on shares of Analog Devices in a research note on Monday, May 22nd. Finally, Raymond James Financial, Inc. assumed coverage on Analog Devices in a research note on Friday, June 16th. They set a “market perform” rating for the company. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus target price of $88.67.

In other news, CAO Eileen Wynne sold 5,945 shares of the stock in a transaction dated Tuesday, April 18th. The shares were sold at an average price of $75.96, for a total transaction of $451,582.20. Following the completion of the transaction, the chief accounting officer now directly owns 3,305 shares in the company, valued at approximately $251,047.80. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, SVP Margaret K. Seif sold 3,000 shares of the stock in a transaction dated Thursday, April 20th. The stock was sold at an average price of $77.52, for a total transaction of $232,560.00. Following the transaction, the senior vice president now owns 20,404 shares of the company’s stock, valued at $1,581,718.08. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 67,526 shares of company stock valued at $5,684,971. Company insiders own 1.10% of the company’s stock.

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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