Lido Advisors LLC Acquires 1,537 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Lido Advisors LLC increased its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 1.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 108,711 shares of the semiconductor company's stock after purchasing an additional 1,537 shares during the quarter. Lido Advisors LLC's holdings in Analog Devices were worth $23,097,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Mainstream Capital Management LLC bought a new position in Analog Devices in the fourth quarter valued at approximately $30,000. Hopwood Financial Services Inc. bought a new position in Analog Devices in the fourth quarter valued at approximately $30,000. Cassady Schiller Wealth Management LLC boosted its stake in Analog Devices by 63.2% in the fourth quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company's stock valued at $30,000 after acquiring an additional 55 shares during the last quarter. Financial Life Planners bought a new position in Analog Devices in the fourth quarter valued at approximately $33,000. Finally, Kestra Investment Management LLC acquired a new stake in Analog Devices in the fourth quarter worth $41,000. 86.81% of the stock is owned by institutional investors.

Analog Devices Trading Up 1.2 %

NASDAQ:ADI traded up $2.25 on Wednesday, reaching $194.92. 4,413,375 shares of the stock traded hands, compared to its average volume of 3,473,109. The firm has a market capitalization of $96.68 billion, a price-to-earnings ratio of 62.08, a price-to-earnings-growth ratio of 2.85 and a beta of 1.06. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $247.10. The company has a current ratio of 1.93, a quick ratio of 1.43 and a debt-to-equity ratio of 0.19. The company's 50 day moving average is $200.39 and its 200-day moving average is $212.07.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The semiconductor company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.54 by $0.09. The company had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.36 billion. Analog Devices had a net margin of 16.75% and a return on equity of 8.91%. The company's quarterly revenue was down 3.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.73 EPS. Equities research 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 authorized a stock repurchase plan on Tuesday, February 18th that authorizes the company to buyback $10.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to repurchase up to 9.2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's management believes its shares are undervalued.

Analog Devices Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, March 4th were given a $0.99 dividend. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.96 annualized dividend and a yield of 2.03%. This is an increase from Analog Devices's previous quarterly dividend of $0.92. Analog Devices's dividend payout ratio (DPR) is presently 126.11%.

Insider Activity at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the firm's stock in a transaction on 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 directly owns 64,918 shares in the company, valued at approximately $13,575,652.16. This trade represents a 13.35 % 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, EVP Vivek Jain sold 12,684 shares of the firm's stock in a transaction on Monday, March 24th. The shares were 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 owns 43,175 shares in the company, valued at approximately $9,066,750. This trade represents a 22.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 29,809 shares of company stock valued at $6,154,756. 0.33% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research analysts have recently weighed in on the company. Lake Street Capital began coverage on Analog Devices in a research report on Friday, February 14th. They set a "buy" rating for the company. UBS Group upped their price objective on Analog Devices from $275.00 to $300.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. Morgan Stanley set a $214.00 price objective on Analog Devices in a research note on Monday, April 21st. Benchmark upped their price objective on Analog Devices from $245.00 to $275.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. Finally, Maxim Group initiated coverage on Analog Devices in a research note on Friday, February 14th. They issued a "buy" rating on the stock. Six analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, Analog Devices currently has a consensus rating of "Moderate Buy" and an average price target of $250.43.

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.