Mercer Global Advisors Inc. ADV Takes Position in Analog Devices, Inc. (NASDAQ:ADI)

Mercer Global Advisors Inc. ADV bought a new position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the fourth quarter, according to its most recent disclosure with the SEC. The firm bought 57,553 shares of the semiconductor company's stock, valued at approximately $12,228,000.

Several other institutional investors and hedge funds also recently bought and sold shares of ADI. Mainstream Capital Management LLC bought a new position in shares of Analog Devices in the fourth quarter worth about $30,000. Hopwood Financial Services Inc. bought a new stake in Analog Devices during the 4th quarter worth approximately $30,000. Cassady Schiller Wealth Management LLC lifted its holdings in 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 in the last quarter. Financial Life Planners bought a new position in shares of Analog Devices in the fourth quarter worth approximately $33,000. Finally, Kestra Investment Management LLC purchased a new stake in shares of Analog Devices in the fourth quarter worth $41,000. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of brokerages have issued reports on ADI. Seaport Res Ptn upgraded Analog Devices to a "strong sell" rating in a research note on Wednesday, April 30th. Barclays lowered their price target on Analog Devices from $240.00 to $170.00 and set an "equal weight" rating on the stock in a report on Tuesday, April 22nd. JPMorgan Chase & Co. increased 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. Benchmark boosted their target price on shares of Analog Devices from $245.00 to $275.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Finally, Williams Trading set a $245.00 target price on shares of Analog Devices in a research note on Friday, February 14th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have issued a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus price target of $250.43.

Analog Devices Trading Down 0.4 %

NASDAQ ADI traded down $0.87 during trading on Monday, hitting $197.72. The stock had a trading volume of 2,022,494 shares, compared to its average volume of 3,475,520. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.43 and a current ratio of 1.93. The stock has a 50 day simple moving average of $198.07 and a 200 day simple moving average of $211.15. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $247.10. The stock has a market capitalization of $98.06 billion, a price-to-earnings ratio of 62.97, a P/E/G ratio of 2.85 and a beta of 0.98.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its earnings results on Wednesday, February 19th. The semiconductor company reported $1.63 earnings per share for the quarter, topping analysts' consensus estimates of $1.54 by $0.09. The business had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.36 billion. Analog Devices had a return on equity of 8.91% and a net margin of 16.75%. The business's revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the firm posted $1.73 earnings per share. Sell-side analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, March 4th were paid a $0.99 dividend. This is an increase from Analog Devices's previous quarterly dividend of $0.92. This represents a $3.96 dividend on an annualized basis and a yield of 2.00%. The ex-dividend date of this dividend was Tuesday, March 4th. Analog Devices's dividend payout ratio is currently 126.11%.

Analog Devices declared that its Board of Directors has initiated a share buyback plan 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 plans are generally a sign that the company's management believes its stock is undervalued.

Insider Transactions at Analog Devices

In other news, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $196.84, for a total value of $1,968,400.00. Following the completion of the sale, the chief executive officer now owns 142,996 shares in the company, valued at approximately $28,147,332.64. The trade was a 6.54 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ray Stata sold 3,125 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $180.21, for a total transaction of $563,156.25. Following the transaction, the director now owns 186,321 shares in the company, valued at approximately $33,576,907.41. This represents a 1.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 39,809 shares of company stock valued at $8,123,156. 0.33% of the stock is currently owned by company insiders.

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.