Siemens Fonds Invest GmbH Acquires 3,774 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Siemens Fonds Invest GmbH lifted its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 17.1% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 25,899 shares of the semiconductor company's stock after acquiring an additional 3,774 shares during the quarter. Siemens Fonds Invest GmbH's holdings in Analog Devices were worth $5,503,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of the business. Mutual Advisors LLC raised its position in Analog Devices by 8.6% in the 4th quarter. Mutual Advisors LLC now owns 2,060 shares of the semiconductor company's stock worth $443,000 after purchasing an additional 164 shares during the last quarter. Brighton Jones LLC raised its position in Analog Devices by 39.5% in the 4th quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company's stock worth $397,000 after purchasing an additional 529 shares during the last quarter. RFG Advisory LLC raised its position in Analog Devices by 3.9% in the 4th quarter. RFG Advisory LLC now owns 2,072 shares of the semiconductor company's stock worth $440,000 after purchasing an additional 77 shares during the last quarter. Geneos Wealth Management Inc. raised its position in Analog Devices by 9.5% in the 4th quarter. Geneos Wealth Management Inc. now owns 3,525 shares of the semiconductor company's stock worth $749,000 after purchasing an additional 306 shares during the last quarter. Finally, Archford Capital Strategies LLC raised its position in Analog Devices by 16.0% in the 4th quarter. Archford Capital Strategies LLC now owns 1,495 shares of the semiconductor company's stock worth $318,000 after purchasing an additional 206 shares during the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Analog Devices Stock Down 1.3%

Shares of Analog Devices stock traded down $2.76 during trading hours on Friday, reaching $212.99. 10,922,443 shares of the company's stock were exchanged, compared to its average volume of 3,565,401. The company has a 50 day moving average of $198.17 and a two-hundred day moving average of $210.03. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $247.10. The company has a current ratio of 1.93, a quick ratio of 1.43 and a debt-to-equity ratio of 0.19. The stock has a market cap of $105.70 billion, a P/E ratio of 67.83, a P/E/G ratio of 2.85 and a beta of 0.98.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings data on Thursday, May 22nd. The semiconductor company reported $1.85 EPS for the quarter, topping analysts' consensus estimates of $1.70 by $0.15. Analog Devices had a net margin of 16.75% and a return on equity of 8.91%. The company had revenue of $2.64 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the prior year, the business posted $1.40 EPS. The company's quarterly revenue was up 22.3% on a year-over-year basis. On average, sell-side analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently disclosed 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 1.86%. Analog Devices's dividend payout ratio is 107.90%.

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

Wall Street Analysts Forecast Growth

ADI has been the subject of several research analyst reports. Oppenheimer boosted their price objective on shares of Analog Devices from $225.00 to $265.00 and gave the stock an "outperform" rating in a research report on Friday, May 16th. KGI Securities began coverage on shares of Analog Devices in a research report on Friday, May 23rd. They set a "buy" rating for the company. Wall Street Zen upgraded shares of Analog Devices from a "hold" rating to a "buy" rating in a research report on Saturday, May 24th. Needham & Company LLC reiterated a "hold" rating on shares of Analog Devices in a research report on Friday, May 23rd. Finally, TD Cowen upped their target price 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. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, Analog Devices currently has a consensus rating of "Moderate Buy" and a consensus price target of $248.63.

Insider Transactions at Analog Devices

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 completion of the sale, the executive vice president now directly owns 43,175 shares in the company, valued at approximately $9,066,750. This trade represents a 22.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Ray Stata sold 3,125 shares of the firm's stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $195.84, for a total transaction of $612,000.00. Following the completion of the sale, the director now owns 180,071 shares of the company's stock, valued at $35,265,104.64. This trade represents a 1.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 42,934 shares of company stock worth $8,735,156 in the last three months. Insiders own 0.33% of the company's stock.

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.