33,326 Shares in Analog Devices, Inc. (NASDAQ:ADI) Bought by Cypress Asset Management Inc. TX

Cypress Asset Management Inc. TX acquired a new stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund acquired 33,326 shares of the semiconductor company's stock, valued at approximately $7,179,000. Analog Devices makes up approximately 1.8% of Cypress Asset Management Inc. TX's investment portfolio, making the stock its 15th biggest holding.

A number of other institutional investors also recently added to or reduced their stakes in ADI. Orion Capital Management LLC acquired a new position in shares of Analog Devices during the 4th quarter worth approximately $27,000. Mainstream Capital Management LLC purchased a new stake in Analog Devices during the 4th quarter worth $30,000. Hopwood Financial Services Inc. purchased a new position in Analog Devices in the 4th quarter valued at about $30,000. Cassady Schiller Wealth Management LLC boosted 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 buying an additional 55 shares during the last quarter. Finally, Financial Life Planners acquired a new stake in shares of Analog Devices in the 4th quarter valued at about $33,000. Hedge funds and other institutional investors own 86.81% of the company's stock.

Insider Activity

In related news, CFO Richard C. Puccio, Jr. sold 4,000 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $209.19, for a total transaction of $836,760.00. Following the completion of the sale, the chief financial officer now directly owns 49,916 shares in the company, valued at approximately $10,441,928.04. The trade was a 7.42% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the company's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $209.12, for a total value of $2,091,200.00. Following the completion of the sale, the chief executive officer now owns 64,918 shares of the company's stock, valued at approximately $13,575,652.16. The trade was a 13.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,934 shares of company stock worth $8,735,156. Company insiders own 0.33% of the company's stock.

Analog Devices Trading Up 0.1%

Analog Devices stock traded up $0.13 during mid-day trading on Thursday, reaching $215.75. 3,799,744 shares of the company traded hands, compared to its average volume of 3,531,127. 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 firm's 50 day moving average price is $198.11 and its 200 day moving average price is $210.11. The firm has a market capitalization of $107.01 billion, a price-to-earnings ratio of 68.71, a P/E/G 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 announced its quarterly earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.70 by $0.15. The company had revenue of $2.64 billion for 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%. Analog Devices's revenue was up 22.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.40 EPS. On average, analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices declared that its board has initiated a stock buyback 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 shares through open market purchases. Shares buyback programs are generally an indication that the company's management believes its shares are undervalued.

Analog Devices Dividend Announcement

The company also recently declared 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 annualized dividend and a dividend yield of 1.84%. Analog Devices's dividend payout ratio is currently 107.90%.

Wall Street Analysts Forecast Growth

Several research firms recently weighed in on ADI. Cfra Research lowered shares of Analog Devices from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, May 22nd. Citigroup raised their target price on shares of Analog Devices from $235.00 to $260.00 and gave the stock a "buy" rating in a report on Monday, May 19th. Stifel Nicolaus upped their price target on shares of Analog Devices from $225.00 to $248.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. Benchmark reiterated a "buy" rating and issued a $260.00 target price (down previously from $275.00) on shares of Analog Devices in a research report on Friday, May 23rd. Finally, JPMorgan Chase & Co. raised their target price on shares of Analog Devices from $280.00 to $300.00 and gave the company an "overweight" rating in a research note on Thursday, February 20th. One equities research 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. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $248.63.

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.