Quantinno Capital Management LP Has $22.35 Million Stock Position in Analog Devices, Inc. (NASDAQ:ADI)

Quantinno Capital Management LP lifted its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 31.9% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 105,196 shares of the semiconductor company's stock after acquiring an additional 25,447 shares during the quarter. Quantinno Capital Management LP's holdings in Analog Devices were worth $22,350,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of ADI. Fiduciary Alliance LLC bought a new stake in Analog Devices during the 4th quarter worth approximately $1,317,000. Brookstone Capital Management lifted its position in shares of Analog Devices by 21.9% during the fourth quarter. Brookstone Capital Management now owns 1,889 shares of the semiconductor company's stock worth $401,000 after acquiring an additional 340 shares in the last quarter. Capital Investment Advisors LLC lifted its position in shares of Analog Devices by 7.6% during the fourth quarter. Capital Investment Advisors LLC now owns 1,020 shares of the semiconductor company's stock worth $217,000 after acquiring an additional 72 shares in the last quarter. Wedmont Private Capital lifted its position in shares of Analog Devices by 1.9% during the fourth quarter. Wedmont Private Capital now owns 4,406 shares of the semiconductor company's stock worth $936,000 after acquiring an additional 83 shares in the last quarter. Finally, Elevated Capital Advisors LLC bought a new position in shares of Analog Devices in the fourth quarter worth $215,000. Institutional investors and hedge funds own 86.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on the company. JPMorgan Chase & Co. increased their target price on Analog Devices from $280.00 to $300.00 and gave the company an "overweight" rating in a research note on Thursday, February 20th. Citigroup lowered their price objective on shares of Analog Devices from $265.00 to $235.00 and set a "buy" rating for the company in a report on Friday, April 11th. Barclays lowered their target price on shares of Analog Devices from $240.00 to $170.00 and set an "equal weight" rating for the company in a report on Tuesday, April 22nd. Truist Financial lifted their target price on shares of Analog Devices from $230.00 to $248.00 and gave the company a "hold" rating in a report on Thursday, February 20th. Finally, Williams Trading set a $245.00 price target on shares of Analog Devices in a research report on Friday, February 14th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have assigned a buy rating to the company. According to data from MarketBeat.com, Analog Devices presently has a consensus rating of "Moderate Buy" and an average price target of $249.95.

Insider Activity at Analog Devices

In other Analog Devices news, Director Ray Stata sold 3,125 shares of the stock in a transaction that occurred on Tuesday, May 6th. The stock was 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 trade represents a 1.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Vivek Jain sold 12,684 shares of the stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $210.00, for a total value of $2,663,640.00. Following the transaction, the executive vice president now owns 43,175 shares in the company, valued at approximately $9,066,750. This trade represents a 22.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold 42,934 shares of company stock worth $8,735,156 in the last 90 days. 0.33% of the stock is currently owned by company insiders.

Analog Devices Price Performance

Analog Devices stock traded down $0.01 during trading hours on Friday, hitting $227.11. The stock had a trading volume of 3,617,772 shares, compared to its average volume of 3,513,185. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.93 and a quick ratio of 1.43. The stock has a market capitalization of $112.64 billion, a price-to-earnings ratio of 72.33, a PEG ratio of 2.85 and a beta of 0.98. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $247.10. The stock's fifty day moving average is $196.58 and its two-hundred day moving average is $210.55.

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

Analog Devices Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, March 4th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.96 dividend on an annualized basis and a yield of 1.74%. This is a positive change from Analog Devices's previous quarterly dividend of $0.92. Analog Devices's payout ratio is currently 126.11%.

Analog Devices declared that its Board of Directors has approved a stock repurchase program on Tuesday, February 18th that permits the company to repurchase $10.00 billion in shares. This repurchase authorization permits the semiconductor company to purchase up to 9.2% of its shares through open market purchases. Shares repurchase programs are typically an indication that the company's board of directors believes its shares are undervalued.

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.