Vise Technologies Inc. Acquires 3,013 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Vise Technologies Inc. increased its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 139.7% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,169 shares of the semiconductor company's stock after acquiring an additional 3,013 shares during the quarter. Vise Technologies Inc.'s holdings in Analog Devices were worth $1,098,000 at the end of the most recent reporting period.

Other large investors have also recently bought and sold shares of the company. Orion Capital Management LLC bought a new stake in Analog Devices in the 4th quarter valued at $27,000. Mainstream Capital Management LLC bought a new stake in Analog Devices in the fourth quarter valued at about $30,000. Hopwood Financial Services Inc. acquired a new position in Analog Devices in the fourth quarter worth about $30,000. Cassady Schiller Wealth Management LLC lifted its stake in Analog Devices by 63.2% during the fourth quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company's stock worth $30,000 after purchasing an additional 55 shares during the period. Finally, Financial Life Planners acquired a new stake in Analog Devices during the fourth quarter valued at approximately $33,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Analog Devices Trading Down 2.2%

Analog Devices stock traded down $4.81 during mid-day trading on Friday, hitting $210.94. 1,331,070 shares of the stock were exchanged, compared to its average volume of 3,524,897. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $247.10. The firm's fifty day simple moving average is $198.18 and its two-hundred day simple moving average is $210.08. The stock has a market capitalization of $104.68 billion, a price-to-earnings ratio of 67.18, a PEG ratio of 2.85 and a beta of 0.98. 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 posted its quarterly earnings data on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share for the quarter, topping the consensus estimate of $1.70 by $0.15. Analog Devices had a return on equity of 8.91% and a net margin of 16.75%. The firm had revenue of $2.64 billion during the quarter, compared to analyst estimates of $2.50 billion. During the same period last year, the company posted $1.40 EPS. The business's quarterly revenue was up 22.3% on a year-over-year basis. Analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 1.88%. The ex-dividend date is Wednesday, June 4th. Analog Devices's dividend payout ratio is presently 107.90%.

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

Wall Street Analysts Forecast Growth

ADI has been the subject of several analyst reports. Maxim Group initiated coverage on shares of Analog Devices in a report on Friday, February 14th. They set a "buy" rating for the company. Seaport Res Ptn raised Analog Devices to a "strong sell" rating in a report on Wednesday, April 30th. Piper Sandler dropped their price target on Analog Devices from $240.00 to $215.00 and set a "neutral" rating for the company in a report on Friday, May 23rd. Lake Street Capital initiated coverage on Analog Devices in a research note on Friday, February 14th. They issued a "buy" rating on the stock. Finally, Wells Fargo & Company restated a "positive" rating on shares of Analog Devices in a research note on Friday, May 23rd. One investment analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have given a buy rating to the company's stock. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and an average target price of $248.63.

Insiders Place Their Bets

In related news, EVP Vivek Jain sold 12,684 shares of the firm's stock in a transaction dated Monday, March 24th. The shares were 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 of the company's stock, valued at approximately $9,066,750. This trade represents a 22.71% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Richard C. Puccio, Jr. sold 4,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $209.19, for a total value of $836,760.00. Following the completion of the transaction, the chief financial officer now owns 49,916 shares in the company, valued at $10,441,928.04. This represents a 7.42% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 42,934 shares of company stock worth $8,735,156. 0.33% of the stock is currently owned by company insiders.

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.