Aptus Capital Advisors LLC Has $17.54 Million Position in Analog Devices, Inc. (NASDAQ:ADI)

Aptus Capital Advisors LLC boosted its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 19.2% in the fourth quarter, according to its most recent filing with the SEC. The firm owned 82,553 shares of the semiconductor company's stock after acquiring an additional 13,303 shares during the period. Aptus Capital Advisors LLC's holdings in Analog Devices were worth $17,539,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Aspire Growth Partners LLC acquired a new stake in shares of Analog Devices during the fourth quarter worth $680,000. AXA S.A. grew its position in shares of Analog Devices by 32.1% during the 4th quarter. AXA S.A. now owns 93,608 shares of the semiconductor company's stock worth $19,888,000 after buying an additional 22,726 shares during the period. Wahed Invest LLC increased its stake in shares of Analog Devices by 4.1% in 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 last quarter. Mercer Global Advisors Inc. ADV acquired a new stake in shares of Analog Devices in the 4th quarter valued at approximately $12,228,000. Finally, Keel Point LLC boosted its stake in Analog Devices by 4.8% during the 4th quarter. Keel Point LLC now owns 2,288 shares of the semiconductor company's stock worth $486,000 after acquiring an additional 104 shares during the last quarter. Institutional investors own 86.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently weighed in on ADI. Lake Street Capital initiated coverage on shares of Analog Devices in a research report on Friday, February 14th. They set a "buy" rating on the stock. Needham & Company LLC reiterated a "hold" rating on shares of Analog Devices in a report on Thursday, February 20th. JPMorgan Chase & Co. raised their price target on Analog Devices from $280.00 to $300.00 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. Williams Trading set a $245.00 price objective on Analog Devices in a report on Friday, February 14th. Finally, Citigroup lowered their target price on Analog Devices from $265.00 to $235.00 and set a "buy" rating for the company in a research note on Friday, April 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $250.43.

Analog Devices Trading Up 2.5 %

Shares of Analog Devices stock opened at $198.59 on Friday. The company has a market capitalization of $98.50 billion, a price-to-earnings ratio of 63.25, a P/E/G ratio of 2.85 and a beta of 1.06. The business has a fifty day simple moving average of $198.79 and a two-hundred day simple moving average of $211.59. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $247.10. 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 issued its quarterly earnings data on Wednesday, February 19th. The semiconductor company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.09. The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.36 billion. Analog Devices had a net margin of 16.75% and a return on equity of 8.91%. The business's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period last year, the business posted $1.73 earnings per share. Research analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, March 4th were issued a $0.99 dividend. The ex-dividend date was Tuesday, March 4th. 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 1.99%. Analog Devices's payout ratio is currently 126.11%.

Analog Devices announced that its Board of Directors has approved a share buyback plan on Tuesday, February 18th that permits the company to buyback $10.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to repurchase up to 9.2% of its shares through open market purchases. Shares buyback plans are typically a sign that the company's management believes its stock is undervalued.

Insider Transactions at Analog Devices

In other news, Director Ray Stata sold 3,125 shares of the company's stock in a transaction on Tuesday, April 15th. The shares were 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 in the company, 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 filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the firm's stock in a transaction on Thursday, May 1st. The shares were sold at an average price of $196.84, for a total value of $1,968,400.00. Following the sale, the chief executive officer now directly owns 142,996 shares in the company, valued at approximately $28,147,332.64. This trade represents a 6.54 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders have sold 39,809 shares of company stock valued at $8,123,156. 0.33% of the stock is owned by corporate insiders.

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.

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