Benjamin F. Edwards & Company Inc. Grows Stake in Analog Devices, Inc. (NASDAQ:ADI)

Benjamin F. Edwards & Company Inc. boosted its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 253.9% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 71,054 shares of the semiconductor company's stock after purchasing an additional 50,975 shares during the quarter. Benjamin F. Edwards & Company Inc.'s holdings in Analog Devices were worth $14,108,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ADI. Massachusetts Financial Services Co. MA raised its holdings in shares of Analog Devices by 22.0% in the third quarter. Massachusetts Financial Services Co. MA now owns 13,868,437 shares of the semiconductor company's stock worth $2,428,225,000 after acquiring an additional 2,497,696 shares during the last quarter. Nordea Investment Management AB raised its stake in Analog Devices by 639.7% in the 3rd quarter. Nordea Investment Management AB now owns 1,718,502 shares of the semiconductor company's stock valued at $303,591,000 after purchasing an additional 1,486,180 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in Analog Devices by 20,527.8% in the 4th quarter. International Assets Investment Management LLC now owns 935,266 shares of the semiconductor company's stock valued at $1,857,060,000 after purchasing an additional 930,732 shares in the last quarter. Alecta Tjanstepension Omsesidigt boosted its stake in shares of Analog Devices by 193.8% during the 4th quarter. Alecta Tjanstepension Omsesidigt now owns 1,175,000 shares of the semiconductor company's stock worth $233,308,000 after purchasing an additional 775,000 shares during the last quarter. Finally, Invesco Ltd. raised its position in shares of Analog Devices by 7.5% in the third quarter. Invesco Ltd. now owns 10,003,284 shares of the semiconductor company's stock valued at $1,751,475,000 after buying an additional 701,367 shares during the last quarter. Institutional investors and hedge funds own 86.81% of the company's stock.

Insider Activity

In related news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $197.06, for a total transaction of $1,970,600.00. Following the sale, the chief executive officer now owns 51,039 shares in the company, valued at $10,057,745.34. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $197.06, for a total value of $1,970,600.00. Following the sale, the chief executive officer now directly owns 51,039 shares of the company's stock, valued at $10,057,745.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director James Champy sold 1,228 shares of the firm's stock in a transaction on Thursday, March 21st. The shares were sold at an average price of $197.64, for a total value of $242,701.92. Following the completion of the sale, the director now owns 6,371 shares in the company, 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 $4,874,613. Company insiders own 0.31% of the company's stock.

Analog Devices Stock Up 1.6 %

Shares of ADI stock traded up $3.14 during trading hours on Friday, hitting $199.63. 2,372,577 shares of the company were exchanged, compared to its average volume of 3,355,053. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.98 and a current ratio of 1.51. The stock has a market capitalization of $99.00 billion, a price-to-earnings ratio of 35.71, a P/E/G ratio of 4.86 and a beta of 1.14. Analog Devices, Inc. has a one year low of $154.99 and a one year high of $204.20. The business's 50-day simple moving average is $194.08 and its two-hundred day simple moving average is $187.97.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 EPS for the quarter, topping analysts' consensus estimates of $1.71 by $0.02. The company had revenue of $2.51 billion for the quarter, compared to the consensus estimate of $2.50 billion. Analog Devices had a return on equity of 12.76% and a net margin of 24.34%. Analog Devices's quarterly revenue was down 22.7% compared to the same quarter last year. During the same quarter last year, the business posted $2.75 EPS. Sell-side analysts predict that Analog Devices, Inc. will post 5.86 EPS for the current fiscal year.

Analog Devices Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th were given a $0.92 dividend. This is an increase from Analog Devices's previous quarterly dividend of $0.86. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.84%. The ex-dividend date was Monday, March 4th. Analog Devices's dividend payout ratio (DPR) is presently 65.83%.

Analysts Set New Price Targets

Several analysts have commented on ADI shares. Truist Financial lowered their target price on shares of Analog Devices from $226.00 to $222.00 and set a "buy" rating for the company in a research note on Thursday, February 22nd. KeyCorp raised their price target on Analog Devices from $220.00 to $230.00 and gave the stock an "overweight" rating in a research note on Thursday, February 22nd. Wolfe Research upgraded shares of 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. Sanford C. Bernstein lowered Analog Devices from an "outperform" rating to a "market perform" rating and set a $200.00 target price on the stock. in a research report on Thursday, January 4th. Finally, Oppenheimer reiterated an "outperform" rating and set a $215.00 target price on shares of Analog Devices in a report on Thursday, February 22nd. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company's stock. According to data from MarketBeat, Analog Devices has an average rating of "Moderate Buy" and a consensus price target of $208.17.

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.

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