Tokio Marine Asset Management Co. Ltd. buys 988 shares of Analog Devices, Inc. (NASDAQ:ADI)

Tokio Marine Asset Management Co. Ltd. increased its position in Analog Devices, Inc. (NASDAQ:ADI – Free Report) by 9.1% in the 1st quarter, according to the company’s latest filing with the Securities and Exchange Commission (SEC). The firm now owns 11,851 shares of the semiconductor company’s stock after purchasing an additional 988 shares during the quarter. Tokio Marine Asset Management Co. Ltd.’s stake in Analog Devices was worth $2,344,000 at the end of the last quarter.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank purchased a new position in shares of Analog Devices in the fourth quarter worth $1,225,227,000. Massachusetts Financial Services Co. MA increased its holdings in shares of Analog Devices by 8.6% in the fourth quarter. Massachusetts Financial Services Co. MA now owns 15,065,652 shares of the semiconductor company’s stock worth $2,991,436,000 after acquiring an additional 1,197,215 shares during the period. International Assets Investment Management LLC increased its holdings in shares of Analog Devices by 20,527.8% in the fourth quarter. International Assets Investment Management LLC now owns 935,266 shares of the semiconductor company’s stock worth $1,857,060,000 after acquiring an additional 930,732 shares during the period. Van ECK Associates Corp. increased its holdings in shares of Analog Devices by 27.7% during the first quarter. Van ECK Associates Corp. now owns 3,691,023 shares of the semiconductor company’s stock worth $730,047,000 after acquiring an additional 800,199 shares during the period. Finally, Alecta Tjanstepension Omsesidigt increased its holdings in shares of Analog Devices by 193.8% during the fourth quarter. Alecta Tjanstepension Omsesidigt now owns 1,175,000 shares of the semiconductor company’s stock worth $233,308,000 after acquiring an additional 775,000 shares during the period. Institutional investors own 86.81% of the outstanding shares.

Buying and selling confidential information

In related news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction on Wednesday, May 1. The shares were sold at an average price of $197.06, for a total value of $1,970,600.00. Following the transaction, the CEO now owns 51,039 shares of the company’s stock, valued at $10,057,745.34. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC’s website. In related news, EVP Gregory M. Bryant sold 17,612 shares of the company’s stock in a transaction dated Thursday, June 13. The shares were sold at an average price of $233.94, for a total value of $4,120,151.28. Following the sale, the executive vice president now directly owns 69,241 shares of the company’s stock, valued at $16,198,239.54. The transaction was disclosed in legal documents filed with the Securities and Exchange Commission, which can be accessed through this link . Additionally, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction dated Wednesday, May 1. The shares were sold at an average price of $197.06, for a total of $1,970,600.00. Following the completion of the sale, the CEO now directly owns 51,039 shares of the company’s stock, valued at $10,057,745.34. Disclosure of this sale can be found here . During the last quarter, insiders sold 46,642 shares of the company’s stock, valued at $10,481,343. Company insiders own 0.31% of the company’s stock.

Changes in analyst ratings

Several analysts have recently commented on shares of ADI. Bank of America raised their price target on Analog Devices from $225.00 to $260.00 and gave the company a “buy” rating in a research note on Thursday, May 23. Evercore ISI initiated coverage on Analog Devices in a research note on Tuesday, April 16. They issued an “outperform” rating and a $254.00 price target for the company. Stifel Nicolaus raised their price target on Analog Devices from $220.00 to $240.00 and gave the company a “buy” rating in a research note on Monday, May 20. Robert W. Baird raised their price target on Analog Devices from $200.00 to $250.00 and gave the company an “outperform” rating in a research note on Friday, May 24. Finally, Goldman Sachs Group raised their price objective for Analog Devices from $205.00 to $252.00 and gave the stock a “buy” rating in a research report on Thursday, May 23. Seven investment analysts have rated the stock a “hold” and eighteen have issued a buy rating for the company. Analog Devices currently has a consensus rating of “Moderate Buy” and an average price target of $243.23, according to data from MarketBeat.

See our latest stock analysis on Analog Devices

Sales of analog devices increased by 0.0%

Shares of Analog Devices opened at $230.90 on Monday. The company has a 50-day simple moving average of $223.56 and a 200-day simple moving average of $203.83. Analog Devices, Inc. has a one-year low of $154.99 and a one-year high of $241.88. The company has a market capitalization of $114.58 billion, a price-to-earnings ratio of 53.95, a P/E/G ratio of 3.89 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 current ratio of 1.13.

Analog Devices (NASDAQ:ADI – Get Free Report) last announced its quarterly financial results on Wednesday, May 22. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.14. The company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.11 billion. Analog Devices reported a return on equity of 10.74% and a net margin of 20.45%. The company’s quarterly revenue declined 33.8% year-over-year. During the same quarter last year, the company reported EPS of $2.83. Research analysts forecast that Analog Devices, Inc. will report EPS of $6.24 for the current year.

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, June 17. Shareholders of record on Tuesday, June 4 received a dividend of $0.92 per share. This represents an annual dividend of $3.68 and a yield of 1.59%. The ex-dividend date was Tuesday, June 4. Analog Devices has a payout ratio of 85.98%.

Analog Devices Company Profile

(Free report)

Analog Devices, Inc. designs, manufactures, tests, and sells integrated circuits (ICs), software, and subsystem products in the United States, the rest of North and South America, Europe, Japan, China, and the rest of Asia. The company provides data converter products that translate real-world analog signals into digital data, and that translate digital data into analog signals; power management and reference products for power conversion, controller monitoring, sequencing, and power management in automotive, communications, industrial, and consumer applications; and power supply ICs, which include performance simulation, integration, and software design tools for accurate power supply design.

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