Delta Lloyd NV maintained its position in Analog Devices Inc. (NASDAQ:ADI) during the third quarter, according to its most recent disclosure with the SEC. The institutional investor owned 26,466 shares of the company’s stock at the end of the third quarter. Delta Lloyd NV’s holdings in Analog Devices were worth $1,706,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Hall Laurie J Trustee boosted its position in shares of Analog Devices by 26.0% in the second quarter. Hall Laurie J Trustee now owns 15,275 shares of the company’s stock valued at $890,000 after buying an additional 3,150 shares during the last quarter. Creative Planning raised its stake in Analog Devices by 31.6% in the second quarter. Creative Planning now owns 6,953 shares of the company’s stock valued at $394,000 after buying an additional 1,668 shares during the last quarter. Bank of Stockton raised its stake in Analog Devices by 1.4% in the second quarter. Bank of Stockton now owns 16,714 shares of the company’s stock valued at $947,000 after buying an additional 225 shares during the last quarter. Chevy Chase Trust Holdings Inc. raised its stake in Analog Devices by 0.4% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 263,035 shares of the company’s stock valued at $14,899,000 after buying an additional 968 shares during the last quarter. Finally, Exxonmobil Investment Management Inc. TX raised its stake in Analog Devices by 5.4% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 79,558 shares of the company’s stock valued at $4,506,000 after buying an additional 4,076 shares during the last quarter. Hedge funds and other institutional investors own 87.96% of the company’s stock.

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

Shares of Analog Devices Inc. (NASDAQ:ADI) traded up 0.50% during mid-day trading on Tuesday, reaching $74.53. 2,917,965 shares of the company traded hands. The stock has a market capitalization of $22.97 billion, a price-to-earnings ratio of 27.00 and a beta of 1.18. The company’s 50 day moving average is $65.32 and its 200 day moving average is $61.66. Analog Devices Inc. has a 52-week low of $47.24 and a 52-week high of $74.87.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Tuesday, November 22nd. The company reported $1.05 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.16. The company had revenue of $1 million for the quarter, compared to analyst estimates of $941.92 million. Analog Devices had a return on equity of 19.31% and a net margin of 25.18%. Analog Devices’s revenue was up 2.5% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.03 earnings per share. On average, equities analysts forecast that Analog Devices Inc. will post $3.40 earnings per share for the current year.

The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 13th. Shareholders of record on Friday, December 2nd will be issued a $0.42 dividend. This represents a $1.68 annualized dividend and a yield of 2.25%. The ex-dividend date of this dividend is Wednesday, November 30th. Analog Devices’s dividend payout ratio (DPR) is 60.87%.

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Several analysts have commented on the stock. Zacks Investment Research raised shares of Analog Devices from a “hold” rating to a “buy” rating and set a $72.00 price target for the company in a research report on Wednesday, October 5th. B. Riley reissued a “buy” rating and set a $80.00 price target on shares of Analog Devices in a research report on Tuesday, November 15th. Bank of America Corp. raised shares of Analog Devices from a “neutral” rating to a “buy” rating and increased their price target for the company from $72.89 to $85.00 in a research report on Wednesday, November 23rd. KeyCorp increased their price target on shares of Analog Devices from $77.00 to $84.00 and gave the company an “overweight” rating in a research report on Wednesday, November 23rd. Finally, Wells Fargo & Co. reissued a “buy” rating on shares of Analog Devices in a research report on Thursday, August 18th. Nine investment analysts have rated the stock with a hold rating and twenty-one have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $73.97.

In related news, Director John C. Hodgson sold 5,000 shares of the stock in a transaction on Monday, November 28th. The stock was sold at an average price of $73.95, for a total transaction of $369,750.00. Following the sale, the director now owns 15,985 shares of the company’s stock, valued at $1,182,090.75. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ray Stata sold 25,000 shares of the stock in a transaction on Wednesday, September 21st. The shares were sold at an average price of $63.20, for a total value of $1,580,000.00. Following the sale, the director now directly owns 257,631 shares in the company, valued at approximately $16,282,279.20. The disclosure for this sale can be found here. 0.90% of the stock is owned by company insiders.

About Analog Devices

Analog Devices, Inc is engaged in designing, manufacturing and marketing analog, mixed-signal and digital signal processing (DSP) technology, including integrated circuits (ICs), algorithms, software and subsystems. The Company’s operating segments include United States, Rest of North/South America, Europe, Japan, China and Rest of Asia.

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