Flputnam Investment Management Co. Has $39.39 Million Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Flputnam Investment Management Co. trimmed its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 28.1% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 198,387 shares of the semiconductor company's stock after selling 77,656 shares during the period. Analog Devices accounts for approximately 0.9% of Flputnam Investment Management Co.'s holdings, making the stock its 24th biggest position. Flputnam Investment Management Co.'s holdings in Analog Devices were worth $39,392,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the company. Amarillo National Bank boosted its stake in Analog Devices by 3.7% during the 4th quarter. Amarillo National Bank now owns 1,511 shares of the semiconductor company's stock valued at $300,000 after purchasing an additional 54 shares during the period. Keystone Financial Services lifted its stake in shares of Analog Devices by 1.8% in the 4th quarter. Keystone Financial Services now owns 3,136 shares of the semiconductor company's stock worth $623,000 after acquiring an additional 55 shares during the period. Ancora Advisors LLC lifted its stake in shares of Analog Devices by 2.1% in the 3rd quarter. Ancora Advisors LLC now owns 2,744 shares of the semiconductor company's stock worth $480,000 after acquiring an additional 57 shares during the period. Legacy Advisors LLC lifted its stake in shares of Analog Devices by 2.3% in the 3rd quarter. Legacy Advisors LLC now owns 2,657 shares of the semiconductor company's stock worth $465,000 after acquiring an additional 59 shares during the period. Finally, MRA Advisory Group lifted its stake in shares of Analog Devices by 2.5% in the 3rd quarter. MRA Advisory Group now owns 2,534 shares of the semiconductor company's stock worth $444,000 after acquiring an additional 61 shares during the period. 86.81% of the stock is owned by institutional investors and hedge funds.

Analog Devices Stock Down 1.0 %

ADI stock traded down $1.98 during trading hours on Monday, hitting $190.29. The company's stock had a trading volume of 2,559,740 shares, compared to its average volume of 3,366,080. The company has a quick ratio of 0.98, a current ratio of 1.51 and a debt-to-equity ratio of 0.17. The company has a market capitalization of $94.37 billion, a PE ratio of 34.04, a price-to-earnings-growth ratio of 4.82 and a beta of 1.17. Analog Devices, Inc. has a 12 month low of $154.99 and a 12 month high of $204.20. The stock has a 50 day moving average price of $193.20 and a two-hundred day moving average price of $186.33.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.71 by $0.02. The company had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.50 billion. Analog Devices had a net margin of 24.34% and a return on equity of 12.76%. The company's revenue for the quarter was down 22.7% compared to the same quarter last year. During the same period in the previous year, the firm posted $2.75 earnings per share. On average, equities research analysts expect that Analog Devices, Inc. will post 5.86 earnings per share for the current year.

Analog Devices Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, March 5th were issued a dividend of $0.92 per share. This is an increase from Analog Devices's previous quarterly dividend of $0.86. This represents a $3.68 annualized dividend and a dividend yield of 1.93%. The ex-dividend date of this dividend was Monday, March 4th. Analog Devices's dividend payout ratio is currently 65.83%.

Insider Buying and Selling

In related news, CEO Vincent Roche sold 10,000 shares of the company's stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $192.11, for a total transaction of $1,921,100.00. Following the completion of the sale, the chief executive officer now directly owns 5,713 shares of the company's stock, valued at approximately $1,097,524.43. The transaction was disclosed in a legal filing with the SEC, which is available through this link. In related news, CEO Vincent Roche sold 10,000 shares of the company's stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $192.11, for a total transaction of $1,921,100.00. Following the completion of the sale, the chief executive officer now directly owns 5,713 shares of the company's stock, valued at approximately $1,097,524.43. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director James Champy sold 1,228 shares of the stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $197.64, for a total transaction of $242,701.92. Following the completion of the sale, the director now directly owns 6,371 shares of the company's stock, valued at $1,259,164.44. The disclosure for this sale can be found here. In the last three months, insiders sold 24,707 shares of company stock valued at $4,825,113. Company insiders own 0.31% of the company's stock.

Analysts Set New Price Targets

A number of research firms recently commented on ADI. Morgan Stanley reiterated an "overweight" rating and issued a $212.00 target price on shares of Analog Devices in a report on Thursday. Sanford C. Bernstein downgraded shares of Analog Devices from an "outperform" rating to a "market perform" rating and set a $200.00 target price on the stock. in a report on Thursday, January 4th. Truist Financial dropped their target price on shares of Analog Devices from $226.00 to $222.00 and set a "buy" rating on the stock in a report on Thursday, February 22nd. Edward Jones upgraded shares of Analog Devices from a "hold" rating to a "buy" rating in a report on Friday, December 22nd. Finally, KeyCorp boosted their price target on shares of Analog Devices from $220.00 to $230.00 and gave the company an "overweight" rating in a report on Thursday, February 22nd. Seven investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $206.26.

About Analog Devices

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.