<div id="readability-page-1"><p>Mirae Asset Global Investments Co. Ltd. grew its position in  Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 10.6% during the 3rd quarter, according to the company in its most recent disclosure with the SEC. The firm owned 429,405 shares of the semiconductor company's stock after purchasing an additional 41,233 shares during the period. Mirae Asset Global Investments Co. Ltd. owned about 0.09% of Analog Devices worth $99,643,000 at the end of the most recent reporting period.</p><div><p><span></span><span>Get <strong>Analog Devices</strong> alerts:</span></p></div><ul><li>Analog Devices Sends Signal to Market: Growth Will Return</li></ul><p>A number of other hedge funds and other institutional investors also recently made changes to their positions in ADI. New Millennium Group LLC bought a new position in  Analog Devices during the second quarter worth about $29,000.  ORG Partners LLC grew its position in shares of  Analog Devices by 675.0% in the 2nd quarter. ORG Partners LLC now owns 155 shares of the semiconductor company's stock valued at $35,000 after purchasing an additional 135 shares during the period.  CVA Family Office LLC increased its stake in  Analog Devices by 40.2% during the 2nd quarter. CVA Family Office LLC now owns 157 shares of the semiconductor company's stock worth $36,000 after purchasing an additional 45 shares in the last quarter.  Hobbs Group Advisors LLC bought a new stake in  Analog Devices during the 2nd quarter worth approximately $37,000.  Finally, New Covenant Trust Company N.A. acquired a new stake in  Analog Devices during the 1st quarter worth approximately $40,000. 86.81% of the stock is owned by institutional investors. </p><h2>Insider Transactions at Analog Devices</h2><p>In related news, EVP Gregory M. Bryant sold 30,000 shares of the company's stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $224.10, for a total transaction of $6,723,000.00. Following the completion of the sale, the executive vice president now owns 109,093 shares of the company's stock, valued at $24,447,741.30. This represents a 0.00 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In other news, EVP Gregory M. Bryant sold 30,000 shares of Analog Devices stock in a transaction on Wednesday, September 25th. The stock was sold at an average price of $224.10, for a total value of $6,723,000.00. Following the transaction, the executive vice president now owns 109,093 shares in the company, valued at approximately $24,447,741.30. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the company's stock in a transaction on Thursday, August 1st. The stock was sold at an average price of $228.08, for a total value of $2,280,800.00. Following the sale, the chief executive officer now owns 51,039 shares of the company's stock, valued at approximately $11,640,975.12. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 91,495 shares of company stock valued at $20,794,658. 0.31% of the stock is currently owned by company insiders. </p><h2>Analog Devices Stock Up 0.2 %</h2><ul><li>Analog Devices Extends Rally: Signals Start to Cyclical Recovery</li></ul><p>ADI stock opened at $230.17 on Friday. Analog Devices, Inc. has a 1-year low of $154.99 and a 1-year high of $244.14. The business's 50 day simple moving average is $226.71 and its 200 day simple moving average is $221.75. The company has a current ratio of 1.69, a quick ratio of 1.24 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $114.21 billion, a PE ratio of 53.78, a PEG ratio of 3.87 and a beta of 1.07. </p><p>Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings data on Wednesday, August 21st. The semiconductor company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.50 by $0.08. The firm had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.27 billion. Analog Devices had a net margin of 17.07% and a return on equity of 9.47%. The company's quarterly revenue was down 24.8% on a year-over-year basis. During the same period in the previous year, the company earned $2.49 earnings per share.  As a group, research analysts anticipate that  Analog Devices, Inc. will post 6.34 EPS for the current year. </p><h2>Analog Devices Dividend Announcement</h2><ul><li>NXP Semiconductors Will Set a New High Soon: $300 in Sight</li></ul><p>The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders of record on Tuesday, September 3rd were given a $0.92 dividend. The ex-dividend date  was Tuesday, September 3rd. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.60%. Analog Devices's payout ratio is presently 85.98%. </p><h2>Analyst Ratings Changes</h2><p>Several equities research analysts have recently issued reports on ADI shares. Cantor Fitzgerald  reissued a &#34;neutral&#34; rating and set a $250.00 price objective on shares of Analog Devices in a research report on Tuesday, October 8th. Morgan Stanley increased their target price on Analog Devices from $250.00 to $257.00 and gave the stock an &#34;overweight&#34; rating in a report on Thursday, August 22nd. Truist Financial cut Analog Devices from a &#34;buy&#34; rating to a &#34;hold&#34; rating and reduced their price objective for the stock from $266.00 to $233.00 in a research report on Monday, September 23rd. Needham &amp; Company LLC  reissued a &#34;hold&#34; rating on shares of Analog Devices in a research report on Thursday, August 22nd. Finally, Oppenheimer  reaffirmed an &#34;outperform&#34; rating and set a $245.00 price target on shares of Analog Devices in a research report on Thursday, August 22nd. Six analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, Analog Devices  has an average rating of &#34;Moderate Buy&#34; and an average target price of $249.80.</p><p><b>Get Our Latest Stock Report on ADI</b></p><h2>About Analog Devices</h2> (Free Report)<p>Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.</p><h2>Featured Stories</h2><ul><li>Five stocks we like better than Analog Devices</li><li>What is a buyback in stocks? A comprehensive guide for investors</li><li>Lam Research Proves Analysts Wrong with a Strong Earnings Report</li><li>How to Know Which Cryptocurrency to Buy: A Guide for Investors</li><li>PureCycle: Up 250% in 2024 - Is This Materials Stock Still a Buy?</li><li>What Does a Gap Up Mean in Stocks? How to Play the Gap</li><li>MarketBeat Week in Review – 10/21- 10/25</li></ul><p><img src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QURJ?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" width="650" height="350" original-src="https://imageproxy.pbkrs.com/https://www.marketbeat.com/scripts/SECFilingChart.ashx/query-UHJlZml4PU5BU0RBUSZTeW1ib2w9QURJ"/></p><p><em>This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. 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<p>Mirae Asset Global Investments Co. Ltd. increased its stake in Analog Devices, Inc. (NASDAQ:ADI) by 10.6% in Q3, owning 429,405 shares valued at approximately $64.3 million. Other institutional investors also adjusted their positions. Insider transactions included EVP Gregory M. Bryant selling 30,000 shares and CEO Vincent Roche selling 10,000 shares. ADI stock rose 0.2%, with a market cap of $21.21 billion and a PE ratio of 53.78. The company reported Q3 earnings of $0.58 EPS, surpassing estimates, despite a 24.8% year-over-year revenue decline.</p>

Mirae Asset Global Investments Co. Ltd. Has $99.64 Million Position in Analog Devices, Inc. (NASDAQ:ADI)