Mufg Securities Americas Inc. Invests $1.56 Million in Analog Devices, Inc. (NASDAQ:ADI)

Mufg Securities Americas Inc. purchased a new stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 7,330 shares of the semiconductor company's stock, valued at approximately $1,557,000.

Other large investors have also made changes to their positions in the company. Malaga Cove Capital LLC acquired a new position in Analog Devices in the fourth quarter valued at about $257,000. Man Group plc raised its position in shares of Analog Devices by 8.2% during the fourth quarter. Man Group plc now owns 7,972 shares of the semiconductor company's stock worth $1,694,000 after purchasing an additional 601 shares during the period. Nia Impact Advisors LLC lifted its holdings in shares of Analog Devices by 1.3% during the 4th quarter. Nia Impact Advisors LLC now owns 13,433 shares of the semiconductor company's stock valued at $2,854,000 after purchasing an additional 168 shares in the last quarter. Nan Shan Life Insurance Co. Ltd. grew its position in shares of Analog Devices by 874.2% in the 4th quarter. Nan Shan Life Insurance Co. Ltd. now owns 228,049 shares of the semiconductor company's stock valued at $48,451,000 after purchasing an additional 204,640 shares during the period. Finally, NorthRock Partners LLC grew its position in shares of Analog Devices by 51.3% in the 4th quarter. NorthRock Partners LLC now owns 6,160 shares of the semiconductor company's stock valued at $1,309,000 after purchasing an additional 2,088 shares during the period. Institutional investors own 86.81% of the company's stock.

Analog Devices Stock Performance

Shares of NASDAQ ADI opened at $226.68 on Wednesday. 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 moving average price of $195.99 and a 200 day moving average price of $210.52. The stock has a market capitalization of $112.43 billion, a PE ratio of 72.19, a price-to-earnings-growth ratio of 2.85 and a beta of 0.98. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week high of $247.10.

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

Analog Devices Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Tuesday, March 4th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.75%. The ex-dividend date of this dividend was Tuesday, March 4th. This is an increase from Analog Devices's previous quarterly dividend of $0.92. Analog Devices's dividend payout ratio (DPR) is 126.11%.

Analog Devices announced that its board has initiated 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 reacquire up to 9.2% of its stock through open market purchases. Stock buyback programs are often an indication that the company's board believes its stock is undervalued.

Analysts Set New Price Targets

ADI has been the topic of several research analyst reports. UBS Group dropped their target price on shares of Analog Devices from $300.00 to $295.00 and set a "buy" rating on the stock in a report on Monday. Wells Fargo & Company raised their price objective on shares of Analog Devices from $220.00 to $240.00 and gave the stock an "equal weight" rating in a report on Thursday, February 20th. Seaport Res Ptn raised shares of Analog Devices to a "strong sell" rating in a research report on Wednesday, April 30th. Benchmark increased their target price on Analog Devices from $245.00 to $275.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Analog Devices in a research note on Thursday, February 20th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have given a buy rating to the company. According to data from MarketBeat.com, Analog Devices has an average rating of "Moderate Buy" and an average target price of $250.20.

Insider Transactions at Analog Devices

In other news, EVP Vivek Jain sold 12,684 shares of Analog Devices stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $210.00, for a total transaction of $2,663,640.00. Following the completion of the transaction, the executive vice president now directly owns 43,175 shares in the company, valued at approximately $9,066,750. The trade was a 22.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Ray Stata sold 3,125 shares of the business'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 value of $563,156.25. Following the transaction, the director now directly owns 186,321 shares in the company, valued at $33,576,907.41. The trade was a 1.65% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 42,934 shares of company stock worth $8,735,156 in the last ninety days. Insiders own 0.33% of the company's stock.

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.

Want to see what other hedge funds are holding ADI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Analog Devices, Inc. (NASDAQ:ADI - Free Report).

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.