Analog Devices, Inc. (NASDAQ:ADI) Shares Bought by Vident Advisory LLC

Vident Advisory LLC boosted its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 687.0% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 68,961 shares of the semiconductor company's stock after purchasing an additional 60,199 shares during the period. Vident Advisory LLC's holdings in Analog Devices were worth $14,652,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Brookstone Capital Management raised its stake in shares of Analog Devices by 21.9% during the fourth quarter. Brookstone Capital Management now owns 1,889 shares of the semiconductor company's stock valued at $401,000 after acquiring an additional 340 shares in the last quarter. Merit Financial Group LLC raised its stake in shares of Analog Devices by 40.2% during the fourth quarter. Merit Financial Group LLC now owns 5,776 shares of the semiconductor company's stock valued at $1,227,000 after acquiring an additional 1,656 shares in the last quarter. Integrated Investment Consultants LLC raised its stake in shares of Analog Devices by 6.4% during the fourth quarter. Integrated Investment Consultants LLC now owns 1,579 shares of the semiconductor company's stock valued at $335,000 after acquiring an additional 95 shares in the last quarter. Sanibel Captiva Trust Company Inc. raised its stake in shares of Analog Devices by 5.5% during the fourth quarter. Sanibel Captiva Trust Company Inc. now owns 2,557 shares of the semiconductor company's stock valued at $543,000 after acquiring an additional 134 shares in the last quarter. Finally, HB Wealth Management LLC raised its stake in shares of Analog Devices by 11.4% during the fourth quarter. HB Wealth Management LLC now owns 10,875 shares of the semiconductor company's stock valued at $2,311,000 after acquiring an additional 1,112 shares in the last quarter. Institutional investors own 86.81% of the company's stock.

Analog Devices Stock Performance

NASDAQ:ADI traded down $10.29 during mid-day trading on Thursday, hitting $211.93. The company's stock had a trading volume of 8,966,588 shares, compared to its average volume of 3,524,942. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $247.10. 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 stock has a market cap of $105.11 billion, a price-to-earnings ratio of 67.49, a PEG ratio of 2.85 and a beta of 0.98. The business's fifty day moving average is $197.63 and its two-hundred day moving average is $210.50.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 EPS for the quarter, beating the consensus estimate of $1.70 by $0.15. Analog Devices had a net margin of 16.75% and a return on equity of 8.91%. During the same period last year, the business earned $1.40 EPS. The business's quarterly revenue was up 22.3% compared to the same quarter last year. Analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices declared that its Board of Directors has approved a stock repurchase program on Tuesday, February 18th that authorizes the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 9.2% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.

Analog Devices Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Investors of record on Wednesday, June 4th will be given a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 1.87%. Analog Devices's dividend payout ratio (DPR) is presently 126.11%.

Insider Activity at Analog Devices

In related news, Director Ray Stata sold 3,125 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $180.21, for a total transaction of $563,156.25. Following the completion of the sale, the director now owns 186,321 shares of the company's stock, valued at approximately $33,576,907.41. This represents a 1.65% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the 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 completion of the sale, the chief executive officer now directly 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 position. The disclosure for this sale can be found here. In the last quarter, insiders sold 42,934 shares of company stock valued at $8,735,156. Corporate insiders own 0.33% of the company's stock.

Wall Street Analyst Weigh In

ADI has been the subject of several research analyst reports. Lake Street Capital initiated coverage on shares of Analog Devices in a research note on Friday, February 14th. They set a "buy" rating for the company. JPMorgan Chase & Co. lifted their price objective on shares of Analog Devices from $280.00 to $300.00 and gave the company an "overweight" rating in a report on Thursday, February 20th. Oppenheimer lifted their price objective on shares of Analog Devices from $225.00 to $265.00 and gave the company an "outperform" rating in a report on Friday, May 16th. Maxim Group started coverage on shares of Analog Devices in a report on Friday, February 14th. They set a "buy" rating on the stock. Finally, Truist Financial lifted their price objective on shares of Analog Devices from $230.00 to $248.00 and gave the company a "hold" rating in a report on Thursday, February 20th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have assigned a buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $252.35.

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.