GF Fund Management CO. LTD. Purchases New Holdings in Analog Devices, Inc. (NASDAQ:ADI)

GF Fund Management CO. LTD. purchased a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) in the fourth quarter, according to its most recent 13F filing with the SEC. The fund purchased 94,059 shares of the semiconductor company's stock, valued at approximately $19,984,000.

A number of other hedge funds have also recently made changes to their positions in the company. Orion Capital Management LLC purchased a new position in Analog Devices in the fourth quarter worth $27,000. Hopwood Financial Services Inc. purchased a new position in Analog Devices in the fourth quarter worth $30,000. Mainstream Capital Management LLC purchased a new stake in Analog Devices during the fourth quarter valued at about $30,000. Cassady Schiller Wealth Management LLC boosted its stake in shares of Analog Devices by 63.2% during the fourth quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company's stock valued at $30,000 after purchasing an additional 55 shares during the period. Finally, Financial Life Planners bought a new position in shares of Analog Devices during the fourth quarter valued at about $33,000. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Analog Devices Trading Down 0.2%

Shares of ADI traded down $0.39 during mid-day trading on Thursday, reaching $215.23. The stock had a trading volume of 1,252,144 shares, compared to its average volume of 3,521,445. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.93 and a quick ratio of 1.43. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $247.10. The business's fifty day moving average is $198.11 and its 200 day moving average is $210.11. The firm has a market cap of $106.75 billion, a price-to-earnings ratio of 68.61, a P/E/G ratio of 2.85 and a beta of 0.98.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its earnings results 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. The company had revenue of $2.64 billion during the quarter, compared to analyst estimates 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 last year, the firm posted $1.40 earnings per share. On average, sell-side analysts predict that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices declared that its board has approved a stock 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 buy up to 9.2% of its shares through open market purchases. Shares buyback programs are typically an indication that the company's leadership believes its stock is undervalued.

Analog Devices Dividend Announcement

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

Insider Transactions at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the firm's stock in a transaction dated 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 of the company's stock, valued at approximately $13,575,652.16. This trade represents a 13.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Vivek Jain sold 12,684 shares of Analog Devices stock in a transaction dated 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 sale, the executive vice president now owns 43,175 shares in the company, valued at $9,066,750. This trade represents a 22.71% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 42,934 shares of company stock valued at $8,735,156. 0.33% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ADI shares. Morgan Stanley lowered their price objective on shares of Analog Devices from $214.00 to $212.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd. Cowen restated a "buy" rating on shares of Analog Devices in a report on Friday, May 23rd. Maxim Group started coverage on shares of Analog Devices in a report on Friday, February 14th. They set a "buy" rating on the stock. Benchmark restated a "buy" rating and issued a $260.00 target price (down previously from $275.00) on shares of Analog Devices in a report on Friday, May 23rd. Finally, Cantor Fitzgerald raised their target price on shares of Analog Devices from $230.00 to $250.00 and gave the stock a "neutral" rating in a report on Monday, May 19th. One 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's stock. According to MarketBeat.com, Analog Devices currently has an average rating of "Moderate Buy" and an average price target of $248.63.

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.