1,272 Shares in Analog Devices, Inc. (NASDAQ:ADI) Bought by McNamara Financial Services Inc.

McNamara Financial Services Inc. acquired a new position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 1,272 shares of the semiconductor company's stock, valued at approximately $257,000.

Other institutional investors also recently made changes to their positions in the company. Vanguard Group Inc. boosted its position in Analog Devices by 0.8% during the fourth quarter. Vanguard Group Inc. now owns 49,105,529 shares of the semiconductor company's stock valued at $10,432,961,000 after buying an additional 413,084 shares during the period. Geode Capital Management LLC boosted its holdings in Analog Devices by 2.4% during the 4th quarter. Geode Capital Management LLC now owns 10,612,183 shares of the semiconductor company's stock valued at $2,248,971,000 after acquiring an additional 247,737 shares during the period. Norges Bank bought a new position in Analog Devices during the 4th quarter worth approximately $1,755,958,000. FMR LLC increased its stake in Analog Devices by 0.8% in the 4th quarter. FMR LLC now owns 7,450,018 shares of the semiconductor company's stock worth $1,582,831,000 after purchasing an additional 61,390 shares during the period. Finally, Northern Trust Corp increased its stake in Analog Devices by 8.4% in the 4th quarter. Northern Trust Corp now owns 5,521,162 shares of the semiconductor company's stock worth $1,173,026,000 after purchasing an additional 427,328 shares during the period. Hedge funds and other institutional investors own 86.81% of the company's stock.

Insider Activity

In other Analog Devices news, EVP Vivek Jain sold 12,684 shares of the firm's 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 transaction, the executive vice president now directly owns 43,175 shares of the company's stock, valued at approximately $9,066,750. This trade represents a 22.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $209.12, for a total transaction of $2,091,200.00. Following the sale, the chief executive officer now owns 64,918 shares of the company's stock, valued at $13,575,652.16. This trade represents a 13.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,934 shares of company stock valued at $8,735,156 over the last ninety days. 0.33% of the stock is currently owned by corporate insiders.

Wall Street Analyst Weigh In

Several research analysts have recently issued reports on ADI shares. 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 boosted their price objective 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. Piper Sandler dropped their target price on shares of Analog Devices from $240.00 to $215.00 and set a "neutral" rating for the company in a report on Friday, May 23rd. Williams Trading set a $260.00 target price on Analog Devices in a research note on Friday, May 23rd. Finally, KGI Securities initiated coverage on Analog Devices in a research report on Friday, May 23rd. They set a "buy" rating for the company. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have assigned a buy rating to the company's stock. According to data from MarketBeat.com, Analog Devices has a consensus rating of "Moderate Buy" and an average target price of $248.63.

Analog Devices Stock Up 1.9%

Shares of NASDAQ ADI traded up $4.22 on Friday, reaching $222.26. 3,246,027 shares of the company's stock traded hands, compared to its average volume of 3,556,407. The business's 50 day simple moving average is $199.12 and its two-hundred day simple moving average is $210.24. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $247.10. The company has a market cap of $110.30 billion, a price-to-earnings ratio of 70.78, a price-to-earnings-growth ratio of 2.85 and a beta of 1.00. 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 released its earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 EPS 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 business had revenue of $2.64 billion for the quarter, compared to the consensus estimate of $2.50 billion. During the same period in the previous year, the company posted $1.40 earnings per share. The company's revenue for the quarter was up 22.3% compared to the same quarter last year. As a group, equities research analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices announced that its board has initiated a stock 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 generally a sign that the company's management believes its stock is undervalued.

Analog Devices Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be issued a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.78%. The ex-dividend date is Wednesday, June 4th. Analog Devices's payout ratio is currently 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.