Analog Devices, Inc. (NASDAQ:ADI) Holdings Boosted by Markel Group Inc.

Markel Group Inc. grew its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 3.1% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 1,163,971 shares of the semiconductor company's stock after purchasing an additional 35,300 shares during the quarter. Analog Devices makes up 2.5% of Markel Group Inc.'s holdings, making the stock its 10th biggest holding. Markel Group Inc. owned approximately 0.23% of Analog Devices worth $231,118,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ADI. Exchange Traded Concepts LLC lifted its stake in shares of Analog Devices by 95.6% in the third quarter. Exchange Traded Concepts LLC now owns 10,103 shares of the semiconductor company's stock worth $1,769,000 after acquiring an additional 4,938 shares during the period. CX Institutional lifted its stake in shares of Analog Devices by 267.2% in the third quarter. CX Institutional now owns 17,411 shares of the semiconductor company's stock worth $3,048,000 after acquiring an additional 12,669 shares during the period. L. Roy Papp & Associates LLP lifted its stake in shares of Analog Devices by 0.8% in the third quarter. L. Roy Papp & Associates LLP now owns 36,622 shares of the semiconductor company's stock worth $6,412,000 after acquiring an additional 291 shares during the period. Handelsbanken Fonder AB lifted its stake in shares of Analog Devices by 1.9% in the third quarter. Handelsbanken Fonder AB now owns 157,694 shares of the semiconductor company's stock worth $27,611,000 after acquiring an additional 2,978 shares during the period. Finally, Harrington Investments INC lifted its stake in shares of Analog Devices by 5.1% in the third quarter. Harrington Investments INC now owns 1,610 shares of the semiconductor company's stock worth $282,000 after acquiring an additional 78 shares during the period. 86.81% of the stock is owned by institutional investors and hedge funds.

Analog Devices Stock Performance

ADI stock traded up $4.03 during midday trading on Friday, hitting $201.97. The company's stock had a trading volume of 3,136,261 shares, compared to its average volume of 3,090,032. The stock's 50-day moving average price is $193.45 and its 200 day moving average price is $187.36. The company has a quick ratio of 0.98, a current ratio of 1.51 and a debt-to-equity ratio of 0.17. Analog Devices, Inc. has a 1 year low of $154.99 and a 1 year high of $204.20. The stock has a market cap of $100.16 billion, a price-to-earnings ratio of 36.13, a PEG ratio of 4.97 and a beta of 1.17.

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

Analog Devices Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th were given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date was Monday, March 4th. This is a boost from Analog Devices's previous quarterly dividend of $0.86. Analog Devices's dividend payout ratio is currently 65.83%.

Analyst Upgrades and Downgrades

ADI has been the topic of a number of recent analyst reports. Oppenheimer reaffirmed an "outperform" rating and issued a $215.00 price objective on shares of Analog Devices in a research note on Thursday, February 22nd. Evercore ISI assumed coverage on Analog Devices in a report on Tuesday, April 16th. They issued an "outperform" rating and a $254.00 target price for the company. Morgan Stanley reiterated an "overweight" rating and issued a $212.00 target price on shares of Analog Devices in a report on Thursday, April 11th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $205.00 target price on shares of Analog Devices in a report on Monday, March 4th. Finally, Wolfe Research upgraded Analog Devices from a "peer perform" rating to an "outperform" rating and set a $225.00 target price for the company in a report on Thursday, January 18th. Seven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $208.17.

Insider Activity

In related news, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction on Thursday, February 1st. The stock was sold at an average price of $192.11, for a total transaction of $1,921,100.00. Following the sale, the chief executive officer now directly owns 5,713 shares in the company, valued at approximately $1,097,524.43. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. In other Analog Devices news, EVP Vivek Jain sold 3,479 shares of the company's stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $197.56, for a total value of $687,311.24. Following the transaction, the executive vice president now directly owns 5,745 shares in the company, valued at approximately $1,134,982.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the company's stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $192.11, for a total value of $1,921,100.00. Following the completion of the transaction, the chief executive officer now owns 5,713 shares in the company, valued at $1,097,524.43. The disclosure for this sale can be found here. Insiders have sold 24,707 shares of company stock valued at $4,825,113 in the last 90 days. Insiders own 0.31% of the company's stock.

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.