OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC Has $1.70 Million Stake in Analog Devices, Inc. (NASDAQ:ADI)

OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 60.0% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,000 shares of the semiconductor company's stock after buying an additional 3,000 shares during the period. OCONNOR A Distinct Business Unit of UBS ASSET MANAGEMENT AMERICAS LLC's holdings in Analog Devices were worth $1,700,000 as of its most recent SEC filing.

Other large investors have also recently modified their holdings of the company. Mainstream Capital Management LLC bought a new position in Analog Devices in the 4th quarter worth $30,000. Hopwood Financial Services Inc. purchased a new stake in shares of Analog Devices during the 4th quarter valued at about $30,000. Cassady Schiller Wealth Management LLC increased its position 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 acquiring an additional 55 shares during the last quarter. Financial Life Planners purchased a new stake in Analog Devices in the 4th quarter worth about $33,000. Finally, Kestra Investment Management LLC purchased a new stake in Analog Devices in the 4th quarter worth about $41,000. Hedge funds and other institutional investors own 86.81% of the company's stock.

Insider Transactions at Analog Devices

In other Analog Devices news, CFO Richard C. Puccio, Jr. sold 4,000 shares of the stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $209.19, for a total value of $836,760.00. Following the completion of the sale, the chief financial officer now owns 49,916 shares in the company, valued at $10,441,928.04. This represents a 7.42% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ray Stata sold 3,125 shares of the firm's stock in a transaction on Tuesday, May 6th. The shares were sold at an average price of $195.84, for a total transaction of $612,000.00. Following the transaction, the director now owns 180,071 shares in the company, valued at $35,265,104.64. This represents a 1.71% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 42,934 shares of company stock valued at $8,735,156. Insiders own 0.33% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. UBS Group dropped their price objective on shares of Analog Devices from $300.00 to $295.00 and set a "buy" rating on the stock in a research note on Monday, May 12th. Needham & Company LLC restated a "hold" rating on shares of Analog Devices in a research report on Thursday, February 20th. Williams Trading set a $245.00 price objective on shares of Analog Devices in a research report on Friday, February 14th. Lake Street Capital assumed coverage on shares of Analog Devices in a research note on Friday, February 14th. They set a "buy" rating for the company. Finally, Cantor Fitzgerald upped their price objective on shares of Analog Devices from $230.00 to $250.00 and gave the company a "neutral" rating in a research note on Monday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus target price of $249.95.

Analog Devices Stock Performance

Shares of Analog Devices stock traded down $1.30 on Monday, reaching $225.81. 840,812 shares of the stock were exchanged, compared to its average volume of 3,507,353. The business has a fifty day moving average price of $196.58 and a two-hundred day moving average price of $210.33. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $247.10. The firm has a market capitalization of $112.00 billion, a PE ratio of 71.87, a PEG ratio of 2.85 and a beta of 0.98. The company has a current ratio of 1.93, a quick ratio of 1.43 and a debt-to-equity ratio of 0.19.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The semiconductor company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.54 by $0.09. The company had revenue of $2.42 billion during 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 firm's revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the firm posted $1.73 earnings per share. As a group, research analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices announced that its board has approved a stock buyback plan on Tuesday, February 18th that authorizes the company to buyback $10.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to repurchase up to 9.2% of its shares through open market purchases. Shares buyback plans are usually a sign that the company's board of directors believes its shares are undervalued.

Analog Devices Increases Dividend

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

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.