Brown Advisory Inc. Reduces Stock Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Brown Advisory Inc. cut its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 9.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 580,792 shares of the semiconductor company's stock after selling 61,090 shares during the quarter. Brown Advisory Inc. owned about 0.12% of Analog Devices worth $123,395,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ADI. Broderick Brian C raised its holdings in Analog Devices by 2.6% during the 4th quarter. Broderick Brian C now owns 79,221 shares of the semiconductor company's stock valued at $16,831,000 after acquiring an additional 2,017 shares during the period. Freestone Grove Partners LP purchased a new stake in Analog Devices during the 4th quarter worth about $10,212,000. Curbstone Financial Management Corp bought a new position in Analog Devices in the 4th quarter worth about $460,000. Czech National Bank grew its stake in Analog Devices by 6.5% during the fourth quarter. Czech National Bank now owns 107,650 shares of the semiconductor company's stock valued at $22,871,000 after acquiring an additional 6,566 shares in the last quarter. Finally, Synergy Asset Management LLC increased its holdings in Analog Devices by 11.1% during the 4th quarter. Synergy Asset Management LLC now owns 25,569 shares of the semiconductor company's stock worth $5,404,000 after acquiring an additional 2,554 shares during the period. Hedge funds and other institutional investors own 86.81% of the company's stock.

Analog Devices Stock Up 2.5 %

Shares of Analog Devices stock opened at $198.59 on Monday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.43 and a current ratio of 1.93. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $247.10. The company's 50 day moving average price is $198.79 and its 200-day moving average price is $211.37. The stock 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 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 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.54 by $0.09. The business 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 company's revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the firm earned $1.73 EPS. Equities research analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, March 4th were given a dividend of $0.99 per share. This is a positive change from Analog Devices's previous quarterly dividend of $0.92. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.96 dividend on an annualized basis and a yield of 1.99%. Analog Devices's dividend payout ratio is presently 126.11%.

Analog Devices declared that its board has initiated a share repurchase program on Tuesday, February 18th that permits the company to repurchase $10.00 billion in shares. This repurchase authorization permits the semiconductor company to reacquire up to 9.2% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company's management believes its shares are undervalued.

Analyst Ratings Changes

A number of research firms have recently commented on ADI. Morgan Stanley set a $214.00 price target on shares of Analog Devices in a research report on Monday, April 21st. Maxim Group assumed coverage on Analog Devices in a research note on Friday, February 14th. They issued a "buy" rating on the stock. Stifel Nicolaus dropped their price target on Analog Devices from $275.00 to $225.00 and set a "buy" rating for the company in a research report on Thursday, April 17th. Barclays decreased their price objective on shares of Analog Devices from $240.00 to $170.00 and set an "equal weight" rating on the stock in a research report on Tuesday, April 22nd. Finally, Needham & Company LLC reissued a "hold" rating on shares of Analog Devices in a research note on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, Analog Devices has a consensus rating of "Moderate Buy" and an average target price of $250.43.

Insider Transactions at Analog Devices

In other Analog Devices news, EVP Vivek Jain sold 12,684 shares of Analog Devices stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $210.00, for a total transaction of $2,663,640.00. Following the sale, the executive vice president now directly owns 43,175 shares of the company's stock, valued at approximately $9,066,750. The trade was a 22.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ray Stata sold 3,125 shares of the stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $180.21, for a total value of $563,156.25. Following the completion of 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 disclosure for this sale can be found here. In the last three months, insiders have sold 39,809 shares of company stock worth $8,123,156. 0.33% of the stock is currently owned by 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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