Axa S.A. Acquires 22,726 Shares of Analog Devices, Inc. (NASDAQ:ADI)

AXA S.A. lifted its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 32.1% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 93,608 shares of the semiconductor company's stock after buying an additional 22,726 shares during the quarter. AXA S.A.'s holdings in Analog Devices were worth $19,888,000 as of its most recent SEC filing.

A number of other institutional investors also recently modified their holdings of the business. Wahed Invest LLC lifted its position in shares of Analog Devices by 4.1% during the 4th quarter. Wahed Invest LLC now owns 12,532 shares of the semiconductor company's stock valued at $2,663,000 after acquiring an additional 496 shares during the period. Mercer Global Advisors Inc. ADV bought a new position in Analog Devices in the 4th quarter valued at about $12,228,000. Keel Point LLC raised its position in shares of Analog Devices by 4.8% in the 4th quarter. Keel Point LLC now owns 2,288 shares of the semiconductor company's stock valued at $486,000 after buying an additional 104 shares in the last quarter. Eagle Strategies LLC boosted its position in shares of Analog Devices by 3.4% during the 4th quarter. Eagle Strategies LLC now owns 3,169 shares of the semiconductor company's stock worth $673,000 after acquiring an additional 104 shares in the last quarter. Finally, Freestone Grove Partners LP bought a new position in Analog Devices in the fourth quarter valued at approximately $10,212,000. Institutional investors own 86.81% of the company's stock.

Analog Devices Stock Up 2.3 %

Shares of NASDAQ ADI traded up $4.73 during midday trading on Friday, hitting $207.51. 3,426,805 shares of the stock traded hands, compared to its average volume of 3,479,368. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.43 and a current ratio of 1.93. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $247.10. The business has a 50 day moving average price of $196.41 and a two-hundred day moving average price of $210.81. The company has a market cap of $102.92 billion, a PE ratio of 66.09, a P/E/G ratio of 2.85 and a beta of 0.98.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings data on Wednesday, February 19th. The semiconductor company reported $1.63 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter, compared to analyst estimates of $2.36 billion. During the same period last year, the firm earned $1.73 earnings per share. The business's quarterly revenue was down 3.6% compared to the same quarter last year. On average, equities analysts predict that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, March 4th were paid a $0.99 dividend. This is a positive change from Analog Devices's previous quarterly dividend of $0.92. The ex-dividend date was Tuesday, March 4th. This represents a $3.96 annualized dividend and a yield of 1.91%. Analog Devices's dividend payout ratio (DPR) is 126.11%.

Analog Devices declared that its Board of Directors has approved a stock repurchase program on Tuesday, February 18th that authorizes the company to repurchase $10.00 billion in shares. This repurchase authorization authorizes the semiconductor company to buy up to 9.2% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

A number of equities research analysts have weighed in on ADI shares. Wells Fargo & Company raised their target price on Analog Devices from $220.00 to $240.00 and gave the company an "equal weight" rating in a report on Thursday, February 20th. JPMorgan Chase & Co. boosted their target price on Analog Devices from $280.00 to $300.00 and gave the stock an "overweight" rating in a research note on Thursday, February 20th. Morgan Stanley set a $214.00 price target on shares of Analog Devices in a research note on Monday, April 21st. Lake Street Capital began coverage on shares of Analog Devices in a research report on Friday, February 14th. They set a "buy" rating for the company. Finally, Stifel Nicolaus cut their target price on shares of Analog Devices from $275.00 to $225.00 and set a "buy" rating on the stock in a research report on Thursday, April 17th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have given a buy rating to the company's stock. Based on data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $250.43.

Insider Transactions at Analog Devices

In other Analog Devices news, Director Ray Stata sold 3,125 shares of the stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $180.21, for a total transaction of $563,156.25. Following the completion of the transaction, the director now directly owns 186,321 shares of the company's stock, valued at approximately $33,576,907.41. This represents a 1.65 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, 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 transaction of $2,663,640.00. Following the completion of the transaction, the executive vice president now owns 43,175 shares of the company's stock, valued at $9,066,750. The trade was a 22.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 42,934 shares of company stock worth $8,735,156 in the last 90 days. Insiders own 0.33% of the company's stock.

Analog Devices Company Profile

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.