BLI Banque de Luxembourg Investments Purchases Shares of 19,333 Analog Devices, Inc. (NASDAQ:ADI)

BLI Banque de Luxembourg Investments bought a new position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 19,333 shares of the semiconductor company's stock, valued at approximately $4,108,000.

Several other hedge funds have also added to or reduced their stakes in the company. Mainstream Capital Management LLC bought a new stake in shares of Analog Devices in the fourth quarter valued at about $30,000. Hopwood Financial Services Inc. acquired a new stake in Analog Devices in the 4th quarter worth about $30,000. Cassady Schiller Wealth Management LLC boosted its holdings in Analog Devices by 63.2% in the 4th quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company's stock valued at $30,000 after purchasing an additional 55 shares during the period. Financial Life Planners acquired a new position in shares of Analog Devices during the 4th quarter worth approximately $33,000. Finally, Kestra Investment Management LLC bought a new position in shares of Analog Devices during the fourth quarter worth approximately $41,000. 86.81% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. Seaport Res Ptn raised Analog Devices to a "strong sell" rating in a research report on Wednesday, April 30th. Morgan Stanley set a $214.00 target price on Analog Devices in a report on Monday, April 21st. Barclays dropped their price target on Analog Devices from $240.00 to $170.00 and set an "equal weight" rating for the company in a research note on Tuesday, April 22nd. Stifel Nicolaus reduced their price objective on shares of Analog Devices from $275.00 to $225.00 and set a "buy" rating on the stock in a research note on Thursday, April 17th. Finally, Williams Trading set a $245.00 target price on shares of Analog Devices in a research report on Friday, February 14th. One analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $250.43.

Insider Transactions at Analog Devices

In other news, EVP Vivek Jain sold 12,684 shares of Analog Devices stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $210.00, for a total value of $2,663,640.00. Following the completion of the transaction, the executive vice president now directly owns 43,175 shares of the company's stock, valued at approximately $9,066,750. This trade represents a 22.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Vincent Roche sold 10,000 shares of the company's stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $209.12, for a total value of $2,091,200.00. Following the sale, the chief executive officer now owns 64,918 shares in the company, valued at approximately $13,575,652.16. The trade was a 13.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 39,809 shares of company stock worth $8,123,156 over the last ninety days. 0.33% of the stock is owned by insiders.

Analog Devices Trading Up 2.4 %

NASDAQ ADI traded up $4.72 during trading hours on Wednesday, reaching $200.32. The company's stock had a trading volume of 2,965,657 shares, compared to its average volume of 3,475,741. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week high of $247.10. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.93 and a quick ratio of 1.43. The stock has a market cap of $99.35 billion, a P/E ratio of 63.80, a P/E/G ratio of 2.85 and a beta of 0.98. The firm has a fifty day simple moving average of $197.51 and a 200-day simple moving average of $211.05.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The semiconductor company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.09. Analog Devices had a net margin of 16.75% and a return on equity of 8.91%. The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter last year, the firm earned $1.73 earnings per share. The company's revenue for the quarter was down 3.6% on a year-over-year basis. Equities analysts forecast that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Tuesday, March 4th were given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.98%. This is an increase from Analog Devices's previous quarterly dividend of $0.92. The ex-dividend date of this dividend was Tuesday, March 4th. Analog Devices's dividend payout ratio (DPR) is 126.11%.

Analog Devices declared that its Board of Directors has initiated a stock buyback plan on Tuesday, February 18th that allows the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to repurchase up to 9.2% of its shares through open market purchases. Shares repurchase plans are typically an indication that the company's board believes its shares are undervalued.

About Analog Devices

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.