Jefferies Financial Group Inc. Sells 16,138 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Jefferies Financial Group Inc. lowered its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 87.2% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 2,364 shares of the semiconductor company's stock after selling 16,138 shares during the period. Jefferies Financial Group Inc.'s holdings in Analog Devices were worth $502,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ADI. Broderick Brian C grew its holdings in Analog Devices by 2.6% during the fourth quarter. Broderick Brian C now owns 79,221 shares of the semiconductor company's stock valued at $16,831,000 after purchasing an additional 2,017 shares during the last quarter. Freestone Grove Partners LP bought a new stake in shares of Analog Devices during the 4th quarter worth $10,212,000. Curbstone Financial Management Corp acquired a new position in Analog Devices in the 4th quarter valued at $460,000. Synergy Asset Management LLC grew its stake in Analog Devices by 11.1% in the 4th quarter. Synergy Asset Management LLC now owns 25,569 shares of the semiconductor company's stock valued at $5,404,000 after buying an additional 2,554 shares during the last quarter. Finally, RFG Advisory LLC raised its holdings in Analog Devices by 3.9% in the 4th quarter. RFG Advisory LLC now owns 2,072 shares of the semiconductor company's stock worth $440,000 after acquiring an additional 77 shares during the period. Institutional investors and hedge funds own 86.81% of the company's stock.

Insider Transactions at Analog Devices

In other news, CFO Richard C. Puccio, Jr. sold 4,000 shares of the stock in a transaction on Wednesday, March 19th. The stock was sold at an average price of $209.19, for a total transaction of $836,760.00. Following the sale, the chief financial officer now owns 49,916 shares in the company, valued at approximately $10,441,928.04. This represents a 7.42% 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, Director Ray Stata sold 3,125 shares of the firm's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $195.84, for a total value of $612,000.00. Following the completion of the sale, the director now owns 180,071 shares of the company's stock, valued at approximately $35,265,104.64. This trade represents a 1.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 42,934 shares of company stock valued at $8,735,156. 0.33% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on the company. Truist Financial raised their price target on Analog Devices from $230.00 to $248.00 and gave the company a "hold" rating in a research report on Thursday, February 20th. Stifel Nicolaus raised their target price on Analog Devices from $225.00 to $248.00 and gave the company a "buy" rating in a report on Tuesday. Citigroup upped their price target on Analog Devices from $235.00 to $260.00 and gave the stock a "buy" rating in a report on Monday. Seaport Res Ptn upgraded shares of Analog Devices to a "strong sell" rating in a research note on Wednesday, April 30th. Finally, Lake Street Capital started coverage on shares of Analog Devices in a research note on Friday, February 14th. They set a "buy" rating for the company. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average target price of $252.35.

Analog Devices Price Performance

Shares of ADI stock traded down $0.05 during trading hours on Tuesday, hitting $224.49. The company had a trading volume of 2,619,082 shares, compared to its average volume of 3,516,008. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $247.10. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.43 and a current ratio of 1.93. The firm's fifty day moving average is $196.94 and its 200 day moving average is $210.32. The firm has a market capitalization of $111.34 billion, a price-to-earnings ratio of 71.49, a PEG ratio of 2.85 and a beta of 0.98.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced 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. Analog Devices had a return on equity of 8.91% and a net margin of 16.75%. The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.36 billion. During the same quarter in the previous year, the firm earned $1.73 EPS. Analog Devices's quarterly revenue was down 3.6% on a year-over-year basis. On average, sell-side analysts predict that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices declared that its Board of Directors has authorized a share buyback program on Tuesday, February 18th that authorizes the company to repurchase $10.00 billion in shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 9.2% of its shares through open market purchases. Shares repurchase programs are usually an indication that the company's management 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.