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

Vise Technologies Inc. grew its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 139.7% in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 5,169 shares of the semiconductor company's stock after purchasing an additional 3,013 shares during the quarter. Vise Technologies Inc.'s holdings in Analog Devices were worth $1,098,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently made changes to their positions in ADI. Orion Capital Management LLC purchased a new position in Analog Devices during the fourth quarter valued at $27,000. Mainstream Capital Management LLC bought a new position in shares of Analog Devices during the 4th quarter valued at approximately $30,000. Hopwood Financial Services Inc. purchased a new stake in Analog Devices in the 4th quarter worth approximately $30,000. Cassady Schiller Wealth Management LLC raised its stake in Analog Devices by 63.2% during the 4th quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company's stock worth $30,000 after acquiring an additional 55 shares during the period. Finally, Financial Life Planners purchased a new position in Analog Devices during the fourth quarter valued at approximately $33,000. Institutional investors own 86.81% of the company's stock.

Insider Transactions at Analog Devices

In related news, Director Ray Stata sold 3,125 shares of the firm's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $180.21, for a total value of $563,156.25. Following the transaction, the director now owns 186,321 shares of the company's stock, valued at $33,576,907.41. This trade represents a 1.65% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CFO Richard C. Puccio, Jr. sold 4,000 shares of Analog Devices stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $209.19, for a total transaction of $836,760.00. Following the sale, the chief financial officer now owns 49,916 shares of the company's stock, valued at $10,441,928.04. The trade was a 7.42% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 42,934 shares of company stock worth $8,735,156. 0.33% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ADI. TD Cowen raised their price objective on shares of Analog Devices from $200.00 to $250.00 and gave the company a "buy" rating in a research report on Friday, May 23rd. Cowen reissued a "buy" rating on shares of Analog Devices in a report on Friday, May 23rd. Seaport Res Ptn raised Analog Devices to a "strong sell" rating in a research note on Wednesday, April 30th. Morgan Stanley cut their target price on Analog Devices from $214.00 to $212.00 and set an "overweight" rating for the company in a research report on Friday, May 23rd. Finally, Maxim Group assumed coverage on Analog Devices in a research note on Friday, February 14th. They set a "buy" rating on the stock. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $248.63.

Analog Devices Trading Up 0.0%

Shares of NASDAQ ADI traded up $0.08 during trading hours on Thursday, hitting $215.70. 3,790,497 shares of the company traded hands, compared to its average volume of 4,162,193. The company's 50 day moving average price is $198.11 and its 200 day moving average price is $210.11. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $247.10. The stock has a market capitalization of $106.98 billion, a price-to-earnings ratio of 68.69, a price-to-earnings-growth ratio of 2.85 and a beta of 0.98. The company has a current ratio of 1.93, a quick ratio of 1.43 and a debt-to-equity ratio of 0.19.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 EPS for the quarter, topping analysts' consensus estimates of $1.70 by $0.15. The firm had revenue of $2.64 billion during the quarter, compared to analysts' expectations of $2.50 billion. Analog Devices had a net margin of 16.75% and a return on equity of 8.91%. The firm's revenue for the quarter was up 22.3% compared to the same quarter last year. During the same period in the previous year, the company earned $1.40 EPS. On average, equities research analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

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

Analog Devices Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be paid a dividend of $0.99 per share. The ex-dividend date is Wednesday, June 4th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.84%. Analog Devices's dividend payout ratio is 107.90%.

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.