Captrust Financial Advisors Acquires 5,116 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Captrust Financial Advisors raised its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 19.9% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 30,786 shares of the semiconductor company's stock after buying an additional 5,116 shares during the quarter. Captrust Financial Advisors' holdings in Analog Devices were worth $6,541,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Norges Bank purchased a new position in Analog Devices in the fourth quarter valued at about $1,755,958,000. Raymond James Financial Inc. purchased a new position in Analog Devices in the fourth quarter valued at about $833,386,000. Proficio Capital Partners LLC increased its holdings in Analog Devices by 22,005.0% in the fourth quarter. Proficio Capital Partners LLC now owns 3,073,252 shares of the semiconductor company's stock valued at $652,943,000 after buying an additional 3,059,349 shares in the last quarter. Kovitz Investment Group Partners LLC increased its holdings in Analog Devices by 301.1% in the fourth quarter. Kovitz Investment Group Partners LLC now owns 1,581,157 shares of the semiconductor company's stock valued at $335,933,000 after buying an additional 1,186,981 shares in the last quarter. Finally, Madison Investment Advisors LLC purchased a new position in Analog Devices in the fourth quarter valued at about $111,470,000. 86.81% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Analog Devices

In related news, EVP Vivek Jain sold 12,684 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $210.00, for a total transaction of $2,663,640.00. Following the completion of the sale, the executive vice president now directly owns 43,175 shares of the company's stock, valued at $9,066,750. This represents a 22.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 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 transaction of $563,156.25. Following the sale, the director now owns 186,321 shares in the company, 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 sold 42,934 shares of company stock valued at $8,735,156. Company insiders own 0.33% of the company's stock.

Analog Devices Stock Up 7.5%

Shares of ADI traded up $15.64 during midday trading on Monday, hitting $223.15. The company had a trading volume of 6,358,142 shares, compared to its average volume of 3,496,925. The company's 50 day moving average price is $196.04 and its 200 day moving average price is $210.45. The stock has a market cap of $110.68 billion, a price-to-earnings ratio of 71.07, a PEG ratio of 2.85 and a beta of 0.98. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week high of $247.10. The company has a quick ratio of 1.43, a current ratio of 1.93 and a debt-to-equity ratio of 0.19.

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

Analog Devices announced that its board has initiated 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 reacquire up to 9.2% of its stock through open market purchases. Stock buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Analog Devices Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Tuesday, March 4th were paid a $0.99 dividend. This is a positive change from Analog Devices's previous quarterly dividend of $0.92. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.77%. The ex-dividend date was Tuesday, March 4th. Analog Devices's dividend payout ratio is currently 126.11%.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ADI. Wells Fargo & Company upped their target price on Analog Devices from $220.00 to $240.00 and gave the company an "equal weight" rating in a research note on Thursday, February 20th. Barclays reduced their target price on Analog Devices from $240.00 to $170.00 and set an "equal weight" rating on the stock in a research note on Tuesday, April 22nd. Benchmark upped their target price on Analog Devices from $245.00 to $275.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. Maxim Group started coverage on Analog Devices in a research note on Friday, February 14th. They issued a "buy" rating on the stock. Finally, Seaport Res Ptn raised shares of Analog Devices to a "strong sell" rating in a research note on Wednesday, April 30th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, Analog Devices currently has an average rating of "Moderate Buy" and a consensus price target of $250.19.

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.