Analog Devices, Inc. (NASDAQ:ADI) Shares Acquired by Lansdowne Partners UK LLP

Lansdowne Partners UK LLP increased its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 41.7% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 280,460 shares of the semiconductor company's stock after acquiring an additional 82,494 shares during the period. Analog Devices makes up about 4.3% of Lansdowne Partners UK LLP's holdings, making the stock its 6th largest holding. Lansdowne Partners UK LLP owned about 0.06% of Analog Devices worth $59,587,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently bought and sold shares of the stock. Townsquare Capital LLC raised its holdings in Analog Devices by 3.5% in the fourth quarter. Townsquare Capital LLC now owns 13,292 shares of the semiconductor company's stock valued at $2,824,000 after acquiring an additional 454 shares in the last quarter. Crux Wealth Advisors purchased a new position in Analog Devices in the fourth quarter valued at $1,071,000. Nicolet Bankshares Inc. raised its stake in Analog Devices by 0.9% in the fourth quarter. Nicolet Bankshares Inc. now owns 7,914 shares of the semiconductor company's stock valued at $1,681,000 after buying an additional 69 shares in the last quarter. Rockefeller Capital Management L.P. boosted its position in shares of Analog Devices by 4.4% during the 4th quarter. Rockefeller Capital Management L.P. now owns 431,719 shares of the semiconductor company's stock worth $91,703,000 after acquiring an additional 18,212 shares in the last quarter. Finally, Petros Family Wealth LLC purchased a new position in shares of Analog Devices in the 4th quarter valued at about $847,000. 86.81% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of equities analysts recently issued reports on the company. Maxim Group initiated coverage on Analog Devices in a report on Friday, February 14th. They issued a "buy" rating for the company. JPMorgan Chase & Co. boosted their price target on shares of Analog Devices from $280.00 to $300.00 and gave the company an "overweight" rating in a research report on Thursday, February 20th. Wells Fargo & Company lifted their target price on Analog Devices from $220.00 to $240.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 20th. Williams Trading set a $245.00 price target on Analog Devices in a research report on Friday, February 14th. Finally, Truist Financial raised their target price on shares of Analog Devices from $230.00 to $248.00 and gave the stock a "hold" rating in a research report on Thursday, February 20th. Six equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, Analog Devices currently has an average rating of "Moderate Buy" and a consensus target price of $254.05.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, EVP Vivek Jain sold 12,684 shares of the business's stock in a transaction on 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 in the company, valued at approximately $9,066,750. The trade was a 22.71 % decrease in their position. The sale 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 firm's stock in a transaction on Wednesday, March 12th. The stock was 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 $13,575,652.16. This trade represents a 13.35 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 26,684 shares of company stock worth $5,591,600. 0.33% of the stock is owned by insiders.

Analog Devices Price Performance

ADI traded up $0.34 during trading on Thursday, reaching $176.27. 3,341,234 shares of the stock were exchanged, compared to its average volume of 3,456,897. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $247.10. The company has a market capitalization of $87.43 billion, a price-to-earnings ratio of 56.14, a P/E/G ratio of 2.85 and a beta of 1.06. The business's 50 day moving average price is $207.12 and its two-hundred day moving average price is $215.03. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.93 and a quick ratio of 1.43.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its earnings results on Wednesday, February 19th. The semiconductor company reported $1.63 earnings per share 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 period last year, the firm posted $1.73 EPS. The firm's revenue for the quarter was down 3.6% on a year-over-year basis. As a group, equities research analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, March 4th were issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a yield of 2.25%. The ex-dividend date was Tuesday, March 4th. This is a boost from Analog Devices's previous quarterly dividend of $0.92. Analog Devices's dividend payout ratio is 126.11%.

Analog Devices declared that its board has approved a share buyback plan on Tuesday, February 18th that authorizes the company to buyback $10.00 billion in shares. This buyback authorization authorizes the semiconductor company to reacquire up to 9.2% of its shares through open market purchases. Shares buyback plans are often an indication that the company's board of directors believes its stock is undervalued.

Analog Devices 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.