Laurion Capital Management LP acquired a new stake in Analog Devices, Inc. (NASDAQ:ADI) during the second quarter, HoldingsChannel.com reports. The institutional investor acquired 28,600 shares of the semiconductor company’s stock, valued at approximately $2,743,000.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ADI. Wells Fargo & Company MN boosted its position in shares of Analog Devices by 6.6% in the 1st quarter. Wells Fargo & Company MN now owns 8,608,728 shares of the semiconductor company’s stock worth $784,513,000 after purchasing an additional 532,620 shares during the last quarter. Commerzbank Aktiengesellschaft FI boosted its position in shares of Analog Devices by 102.7% in the 1st quarter. Commerzbank Aktiengesellschaft FI now owns 9,544 shares of the semiconductor company’s stock worth $870,000 after purchasing an additional 4,836 shares during the last quarter. Mackay Shields LLC bought a new position in shares of Analog Devices in the 1st quarter worth $5,655,000. D.A. Davidson & CO. boosted its position in shares of Analog Devices by 7.9% in the 1st quarter. D.A. Davidson & CO. now owns 9,530 shares of the semiconductor company’s stock worth $868,000 after purchasing an additional 696 shares during the last quarter. Finally, Robeco Institutional Asset Management B.V. boosted its position in shares of Analog Devices by 42.6% in the 1st quarter. Robeco Institutional Asset Management B.V. now owns 49,119 shares of the semiconductor company’s stock worth $4,477,000 after purchasing an additional 14,677 shares during the last quarter. Hedge funds and other institutional investors own 88.05% of the company’s stock.

Several analysts recently commented on the company. B. Riley dropped their price objective on Analog Devices from $122.00 to $120.00 and set a “buy” rating on the stock in a research note on Thursday, May 31st. SunTrust Banks reaffirmed a “buy” rating and set a $118.00 price objective on shares of Analog Devices in a research note on Thursday, August 30th. Sanford C. Bernstein raised their price objective on Analog Devices from $105.00 to $110.00 and gave the stock an “outperform” rating in a research note on Thursday, May 31st. Oppenheimer raised their price objective on Analog Devices from $100.00 to $110.00 and gave the stock an “outperform” rating in a research note on Wednesday, May 30th. Finally, BidaskClub downgraded Analog Devices from a “strong-buy” rating to a “buy” rating in a research note on Monday, June 18th. Seven equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Analog Devices currently has a consensus rating of “Buy” and a consensus price target of $107.00.

ADI opened at $93.96 on Monday. Analog Devices, Inc. has a 1 year low of $80.10 and a 1 year high of $103.59. The stock has a market capitalization of $34.92 billion, a price-to-earnings ratio of 19.91, a PEG ratio of 1.29 and a beta of 1.18. The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.16 and a current ratio of 1.58.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, August 22nd. The semiconductor company reported $1.53 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.07. Analog Devices had a return on equity of 20.89% and a net margin of 22.94%. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the business posted $1.26 EPS. The company’s revenue for the quarter was up 9.7% on a year-over-year basis. analysts expect that Analog Devices, Inc. will post 5.89 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Wednesday, September 12th. Shareholders of record on Friday, August 31st will be paid a $0.48 dividend. This represents a $1.92 annualized dividend and a dividend yield of 2.04%. The ex-dividend date is Thursday, August 30th. Analog Devices’s dividend payout ratio is 40.68%.

Analog Devices declared that its Board of Directors has authorized a stock buyback plan on Tuesday, August 21st that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the semiconductor company to buy up to 5.8% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board of directors believes its shares are undervalued.

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Monday, July 2nd. The stock was sold at an average price of $95.04, for a total value of $950,400.00. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Joseph Hassett sold 12,000 shares of Analog Devices stock in a transaction dated Monday, August 27th. The shares were sold at an average price of $100.40, for a total value of $1,204,800.00. Following the completion of the sale, the senior vice president now directly owns 26,711 shares in the company, valued at approximately $2,681,784.40. The disclosure for this sale can be found here. Insiders sold a total of 106,655 shares of company stock worth $10,425,833 in the last three months. Company insiders own 0.70% of the company’s stock.

Analog Devices Company Profile

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.

Featured Story: Stop Order Uses For Individual Investors

Want to see what other hedge funds are holding ADI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Analog Devices, Inc. (NASDAQ:ADI).

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

Receive News & Ratings for Analog Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Analog Devices and related companies with MarketBeat.com's FREE daily email newsletter.