Nomura Asset Management Co. Ltd. Has $15.99 Million Position in Analog Devices (ADI)

Nomura Asset Management Co. Ltd. increased its stake in shares of Analog Devices (NASDAQ:ADI) by 3.0% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 175,419 shares of the semiconductor company’s stock after buying an additional 5,091 shares during the quarter. Nomura Asset Management Co. Ltd.’s holdings in Analog Devices were worth $15,986,000 at the end of the most recent reporting period.

Several other institutional investors also recently bought and sold shares of the stock. Checchi Capital Advisers LLC raised its position in Analog Devices by 19.9% in the 1st quarter. Checchi Capital Advisers LLC now owns 3,502 shares of the semiconductor company’s stock valued at $319,000 after purchasing an additional 581 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its position in Analog Devices by 12.1% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 5,521 shares of the semiconductor company’s stock valued at $492,000 after purchasing an additional 595 shares during the last quarter. Cullen Frost Bankers Inc. raised its position in Analog Devices by 2.1% in the 1st quarter. Cullen Frost Bankers Inc. now owns 30,712 shares of the semiconductor company’s stock valued at $2,799,000 after purchasing an additional 624 shares during the last quarter. Penserra Capital Management LLC raised its position in Analog Devices by 18.6% in the 4th quarter. Penserra Capital Management LLC now owns 4,060 shares of the semiconductor company’s stock valued at $361,000 after purchasing an additional 638 shares during the last quarter. Finally, Bank of The West raised its position in Analog Devices by 2.3% in the 4th quarter. Bank of The West now owns 28,641 shares of the semiconductor company’s stock valued at $2,550,000 after purchasing an additional 653 shares during the last quarter. Institutional investors and hedge funds own 87.85% of the company’s stock.

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ADI stock opened at $100.64 on Wednesday. The firm has a market cap of $37.08 billion, a PE ratio of 21.32, a PEG ratio of 1.44 and a beta of 1.26. Analog Devices has a twelve month low of $76.07 and a twelve month high of $100.92. The company has a quick ratio of 1.14, a current ratio of 1.53 and a debt-to-equity ratio of 0.65.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, May 30th. The semiconductor company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.08. Analog Devices had a return on equity of 20.34% and a net margin of 17.72%. The company had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same quarter in the previous year, the company posted $1.03 earnings per share. The firm’s quarterly revenue was up 31.8% on a year-over-year basis. equities research analysts predict that Analog Devices will post 5.8 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, June 19th. Investors of record on Friday, June 8th will be paid a dividend of $0.48 per share. The ex-dividend date of this dividend is Thursday, June 7th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 1.91%. Analog Devices’s dividend payout ratio (DPR) is presently 40.68%.

In related news, SVP Joseph Hassett sold 17,150 shares of Analog Devices stock in a transaction on Friday, June 1st. The stock was sold at an average price of $97.95, for a total transaction of $1,679,842.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Champy sold 2,455 shares of Analog Devices stock in a transaction on Thursday, March 22nd. The stock was sold at an average price of $92.18, for a total value of $226,301.90. Following the sale, the director now directly owns 13,220 shares of the company’s stock, valued at $1,218,619.60. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 81,851 shares of company stock valued at $7,616,035. 0.70% of the stock is owned by insiders.

Several brokerages have issued reports on ADI. Deutsche Bank lifted their price objective on Analog Devices from $87.00 to $93.00 and gave the company a “hold” rating in a research report on Thursday, May 31st. BidaskClub upgraded Analog Devices from a “buy” rating to a “strong-buy” rating in a research report on Wednesday. Zacks Investment Research downgraded Analog Devices from a “buy” rating to a “hold” rating in a research report on Monday, May 21st. Stifel Nicolaus lifted their price objective on Analog Devices from $105.00 to $108.00 and gave the company a “buy” rating in a research report on Thursday, May 31st. Finally, JPMorgan Chase & Co. lifted their price objective on Analog Devices from $95.00 to $101.00 and gave the company a “neutral” rating in a research report on Thursday, May 31st. Eight investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $103.78.

About Analog Devices

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)