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

LMR Partners LLP boosted its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 663.2% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 35,000 shares of the semiconductor company's stock after buying an additional 30,414 shares during the period. LMR Partners LLP's holdings in Analog Devices were worth $7,436,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently made changes to their positions in the company. Mainstream Capital Management LLC bought a new stake in Analog Devices during the fourth quarter valued at approximately $30,000. Hopwood Financial Services Inc. purchased a new position in Analog Devices in the 4th quarter worth approximately $30,000. Cassady Schiller Wealth Management LLC boosted its position in Analog Devices by 63.2% during the 4th quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company's stock valued at $30,000 after buying an additional 55 shares during the period. Financial Life Planners bought a new stake in shares of Analog Devices in the fourth quarter worth about $33,000. Finally, Kestra Investment Management LLC purchased a new stake in Analog Devices in the fourth quarter worth $41,000. 86.81% of the stock is owned by institutional investors.

Analog Devices Stock Performance

ADI traded down $0.01 on Friday, reaching $227.11. 3,617,772 shares of the stock were exchanged, compared to its average volume of 3,510,424. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $247.10. The firm has a market capitalization of $112.64 billion, a PE ratio of 72.33, a PEG ratio of 2.85 and a beta of 0.98. 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 company's 50-day moving average price is $196.22 and its 200 day moving average price is $210.61.

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

Analog Devices declared that its board has approved a stock buyback program on Tuesday, February 18th that authorizes the company to buyback $10.00 billion in shares. This buyback authorization authorizes the semiconductor company to repurchase up to 9.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's board of directors believes its stock is undervalued.

Analog Devices Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Tuesday, March 4th were paid a dividend of $0.99 per share. This is a positive change from Analog Devices's previous quarterly dividend of $0.92. This represents a $3.96 annualized dividend and a dividend yield of 1.74%. The ex-dividend date of this dividend was Tuesday, March 4th. Analog Devices's dividend payout ratio is presently 126.11%.

Insider Transactions at Analog Devices

In related news, CFO Richard C. Puccio, Jr. sold 4,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $209.19, for a total transaction of $836,760.00. Following the completion of the transaction, the chief financial officer now owns 49,916 shares of the company's stock, valued at approximately $10,441,928.04. This trade represents a 7.42% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ray Stata sold 3,125 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $180.21, for a total value of $563,156.25. Following the completion of the sale, the director now directly owns 186,321 shares in the company, valued at approximately $33,576,907.41. The trade was a 1.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 42,934 shares of company stock valued at $8,735,156 in the last three months. 0.33% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of brokerages recently issued reports on ADI. Citigroup lowered their price target on shares of Analog Devices from $265.00 to $235.00 and set a "buy" rating for the company in a research report on Friday, April 11th. Maxim Group assumed coverage on Analog Devices in a research note on Friday, February 14th. They issued a "buy" rating for the company. Benchmark raised their target price on shares of Analog Devices from $245.00 to $275.00 and gave the company a "buy" rating in a report on Thursday, February 20th. Oppenheimer increased their price target on Analog Devices from $225.00 to $265.00 and gave the company an "outperform" rating in a report on Friday. Finally, Wells Fargo & Company boosted their price objective on Analog Devices from $220.00 to $240.00 and gave the company an "equal weight" rating in a report on Thursday, February 20th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $249.95.

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.