9,821 Shares in Analog Devices, Inc. (NASDAQ:ADI) Bought by FORA Capital LLC

FORA Capital LLC acquired a new stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 9,821 shares of the semiconductor company's stock, valued at approximately $2,087,000.

A number of other large investors have also recently added to or reduced their stakes in ADI. Deutsche Bank AG lifted its holdings in Analog Devices by 71.0% in the 4th quarter. Deutsche Bank AG now owns 2,158,914 shares of the semiconductor company's stock valued at $458,683,000 after purchasing an additional 896,694 shares in the last quarter. Colonial Trust Co SC lifted its holdings in Analog Devices by 2.7% in the 4th quarter. Colonial Trust Co SC now owns 4,569 shares of the semiconductor company's stock valued at $971,000 after purchasing an additional 118 shares in the last quarter. Cetera Investment Advisers lifted its holdings in Analog Devices by 2.1% in the 4th quarter. Cetera Investment Advisers now owns 93,958 shares of the semiconductor company's stock valued at $19,962,000 after purchasing an additional 1,914 shares in the last quarter. BOKF NA lifted its holdings in Analog Devices by 1.5% in the 4th quarter. BOKF NA now owns 5,398 shares of the semiconductor company's stock valued at $1,146,000 after purchasing an additional 82 shares in the last quarter. Finally, Bramshill Investments LLC lifted its holdings in Analog Devices by 166.7% in the 4th quarter. Bramshill Investments LLC now owns 4,000 shares of the semiconductor company's stock valued at $850,000 after purchasing an additional 2,500 shares in the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Analog Devices

In other news, CEO Vincent Roche sold 10,000 shares of the firm'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 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. This trade represents a 13.35% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ray Stata sold 3,125 shares of the firm's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $180.21, for a total transaction of $563,156.25. Following the sale, the director now directly owns 186,321 shares of the company's stock, valued at $33,576,907.41. The trade was a 1.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold 42,934 shares of company stock valued at $8,735,156 over the last 90 days. 0.33% of the stock is owned by corporate insiders.

Analog Devices Trading Up 2.3%

ADI traded up $4.73 on Friday, reaching $207.51. 3,537,537 shares of the company's stock were exchanged, compared to its average volume of 3,485,435. The company's 50 day moving average is $196.04 and its 200-day moving average is $210.45. The company has a market cap of $102.92 billion, a price-to-earnings ratio of 66.09, a PEG ratio of 2.85 and a beta of 0.98. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $247.10. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.43 and a current ratio of 1.93.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly earnings data on Wednesday, February 19th. The semiconductor company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.09. Analog Devices had a net margin of 16.75% and a return on equity of 8.91%. The company had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter last year, the company earned $1.73 earnings per share. Analog Devices's revenue for the quarter was down 3.6% on a year-over-year basis. Equities analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices announced that its board has authorized a share repurchase program on Tuesday, February 18th that authorizes the company to buyback $10.00 billion in shares. This buyback authorization authorizes the semiconductor company to buy up to 9.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's management believes its shares are undervalued.

Analog Devices Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, March 4th were given a $0.99 dividend. This is an increase from Analog Devices's previous quarterly dividend of $0.92. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.96 annualized dividend and a yield of 1.91%. Analog Devices's dividend payout ratio (DPR) is 126.11%.

Analyst Ratings Changes

A number of research analysts have issued reports on ADI shares. Maxim Group started coverage on shares of Analog Devices in a report on Friday, February 14th. They issued a "buy" rating on the stock. Stifel Nicolaus reduced their target price on shares of Analog Devices from $275.00 to $225.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Wells Fargo & Company upped their target price on shares of Analog Devices from $220.00 to $240.00 and gave the company an "equal weight" rating in a report on Thursday, February 20th. Citigroup reduced their target price on shares of Analog Devices from $265.00 to $235.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Finally, Oppenheimer reiterated an "outperform" rating and set a $270.00 price objective (up from $245.00) on shares of Analog Devices in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and seventeen have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $250.43.

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.