Deutsche Bank AG Has $458.68 Million Stock Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Deutsche Bank AG increased its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 71.0% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 2,158,914 shares of the semiconductor company's stock after purchasing an additional 896,694 shares during the period. Deutsche Bank AG owned about 0.44% of Analog Devices worth $458,683,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Mainstream Capital Management LLC bought a new stake in Analog Devices during the 4th quarter worth about $30,000. Hopwood Financial Services Inc. acquired a new stake in Analog Devices in the 4th quarter valued at about $30,000. Cassady Schiller Wealth Management LLC increased its position in Analog Devices by 63.2% in the 4th quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company's stock valued at $30,000 after acquiring an additional 55 shares in the last quarter. Financial Life Planners acquired a new stake in Analog Devices in the 4th quarter valued at about $33,000. Finally, Kestra Investment Management LLC acquired a new stake in Analog Devices in the 4th quarter valued at about $41,000. 86.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ADI has been the subject of several research reports. Stifel Nicolaus lowered their price objective on shares of 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 cut 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. Lake Street Capital started coverage on Analog Devices in a report on Friday, February 14th. They issued a "buy" rating for the company. UBS Group lowered their price target on Analog Devices from $300.00 to $295.00 and set a "buy" rating for the company in a report on Monday. Finally, Citigroup lowered their price target on Analog Devices from $265.00 to $235.00 and set a "buy" rating for the company in a report on Friday, April 11th. One analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have issued a buy rating to the company's stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus price target of $250.19.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the firm's stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $209.12, for a total transaction of $2,091,200.00. Following the transaction, the chief executive officer now owns 64,918 shares in the company, valued at $13,575,652.16. This trade represents a 13.35% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Vivek Jain sold 12,684 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $210.00, for a total value of $2,663,640.00. Following the transaction, the executive vice president now owns 43,175 shares in the company, valued at approximately $9,066,750. This trade represents a 22.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,934 shares of company stock valued at $8,735,156 in the last ninety days. 0.33% of the stock is currently owned by corporate insiders.

Analog Devices Stock Up 7.5%

ADI stock traded up $15.64 during mid-day trading on Monday, reaching $223.15. The company had a trading volume of 6,358,142 shares, compared to its average volume of 3,496,925. 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 stock has a 50 day simple moving average of $196.04 and a two-hundred day simple moving average of $210.45. The company has a market capitalization 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.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The semiconductor company reported $1.63 earnings per share (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 during the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the previous year, the company posted $1.73 EPS. The firm's quarterly revenue was down 3.6% on a year-over-year basis. As a group, equities analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Increases Dividend

The company 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. This represents a $3.96 dividend on an annualized basis and a yield of 1.77%. This is a positive change from Analog Devices's previous quarterly dividend of $0.92. The ex-dividend date was Tuesday, March 4th. Analog Devices's dividend payout ratio is currently 126.11%.

Analog Devices announced that its Board of Directors has authorized a share repurchase program 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 programs are often a sign that the company's leadership believes its stock is undervalued.

About Analog Devices

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.