MML Investors Services LLC Has $16.70 Million Stock Holdings in Analog Devices, Inc. (NASDAQ:ADI)

MML Investors Services LLC boosted its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 4.4% during the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 78,612 shares of the semiconductor company's stock after acquiring an additional 3,288 shares during the quarter. MML Investors Services LLC's holdings in Analog Devices were worth $16,702,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Mainstream Capital Management LLC bought a new position in shares of Analog Devices in the 4th quarter valued at about $30,000. Hopwood Financial Services Inc. bought a new position in shares of Analog Devices in the 4th quarter valued at about $30,000. Cassady Schiller Wealth Management LLC raised its position in shares of 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 acquiring an additional 55 shares during the period. Financial Life Planners acquired a new stake in shares of Analog Devices in the 4th quarter valued at approximately $33,000. Finally, Kestra Investment Management LLC acquired a new stake in shares of Analog Devices in the 4th quarter valued at approximately $41,000. Institutional investors own 86.81% of the company's stock.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, Director Ray Stata sold 3,125 shares of the stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $180.21, for a total value of $563,156.25. Following the transaction, the director now directly owns 186,321 shares of the company's stock, valued at $33,576,907.41. This represents a 1.65 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $209.12, for a total transaction of $2,091,200.00. Following the completion of the transaction, the chief executive officer now directly owns 64,918 shares in the company, valued at approximately $13,575,652.16. This represents a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 29,809 shares of company stock valued at $6,154,756 in the last three months. 0.33% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ADI. UBS Group increased their price target on shares of Analog Devices from $275.00 to $300.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. Stifel Nicolaus cut their price target 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. Williams Trading set a $245.00 price target on shares of Analog Devices in a research report on Friday, February 14th. Maxim Group started coverage on shares of Analog Devices in a research report on Friday, February 14th. They issued a "buy" rating on the stock. Finally, Citigroup dropped their target price on shares of Analog Devices from $265.00 to $235.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Six research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $250.43.

Analog Devices Stock Performance

Shares of ADI stock traded down $0.64 on Friday, reaching $194.59. The stock had a trading volume of 3,206,761 shares, compared to its average volume of 3,459,754. The company has a quick ratio of 1.43, a current ratio of 1.93 and a debt-to-equity ratio of 0.19. The firm's 50-day moving average is $203.25 and its two-hundred day moving average is $212.60. The firm has a market capitalization of $96.51 billion, a price-to-earnings ratio of 61.97, a P/E/G ratio of 2.85 and a beta of 1.06. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $247.10.

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

Analog Devices declared that its Board of Directors has approved a stock buyback program on Tuesday, February 18th that allows the company to buyback $10.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to purchase up to 9.2% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's management believes its shares are undervalued.

Analog Devices Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, March 4th were issued a $0.99 dividend. This is a boost from Analog Devices's previous quarterly dividend of $0.92. This represents a $3.96 annualized dividend and a yield of 2.04%. The ex-dividend date was Tuesday, March 4th. Analog Devices's dividend payout ratio is currently 126.11%.

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.