Raiffeisen Bank International AG Takes $1.62 Million Position in Analog Devices, Inc. (NASDAQ:ADI)

Raiffeisen Bank International AG purchased a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm purchased 7,617 shares of the semiconductor company's stock, valued at approximately $1,619,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of ADI. Hopwood Financial Services Inc. purchased a new position in shares of Analog Devices in the fourth quarter valued at $30,000. Mainstream Capital Management LLC acquired a new position in Analog Devices during the fourth quarter worth about $30,000. Cassady Schiller Wealth Management LLC lifted its holdings in shares of Analog Devices by 63.2% in the fourth quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company's stock valued at $30,000 after purchasing an additional 55 shares in the last quarter. Financial Life Planners acquired a new stake in shares of Analog Devices in the fourth quarter valued at approximately $33,000. Finally, Kestra Investment Management LLC purchased a new position in shares of Analog Devices during the 4th quarter worth approximately $41,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Analog Devices

In other news, Director Ray Stata sold 3,125 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $180.21, for a total transaction of $563,156.25. Following the completion of the transaction, the director now owns 186,321 shares in the company, valued at approximately $33,576,907.41. This represents a 1.65% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Vivek Jain sold 12,684 shares of Analog Devices stock in a transaction 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 sale, the executive vice president now directly owns 43,175 shares in the company, valued at $9,066,750. The trade was a 22.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,934 shares of company stock valued at $8,735,156 in the last three months. Corporate insiders own 0.33% of the company's stock.

Analog Devices Trading Down 0.0%

Shares of ADI stock traded down $0.05 during mid-day trading on Tuesday, reaching $224.49. The company's stock had a trading volume of 2,619,082 shares, compared to its average volume of 3,519,481. The company's 50 day simple moving average is $196.94 and its 200-day simple moving average is $210.32. Analog Devices, Inc. has a 12-month low of $158.65 and a 12-month high of $247.10. The company has a quick ratio of 1.43, a current ratio of 1.93 and a debt-to-equity ratio of 0.19. The firm has a market capitalization of $111.34 billion, a PE ratio of 71.49, a price-to-earnings-growth ratio of 2.85 and a beta of 0.98.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its earnings results on Wednesday, February 19th. The semiconductor company reported $1.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.54 by $0.09. The business 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 company's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.73 earnings per share. On average, research analysts predict that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices declared that its board has approved a share 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 buy up to 9.2% of its stock through open market purchases. Stock buyback plans are typically a sign that the company's board of directors believes its shares are undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the company. Stifel Nicolaus increased their target price on Analog Devices from $225.00 to $248.00 and gave the company a "buy" rating in a report on Tuesday. Seaport Res Ptn raised Analog Devices to a "strong sell" rating in a research report on Wednesday, April 30th. Williams Trading set a $245.00 price target on Analog Devices in a research report on Friday, February 14th. JPMorgan Chase & Co. upped their target price on shares of Analog Devices from $280.00 to $300.00 and gave the company an "overweight" rating in a report on Thursday, February 20th. Finally, Barclays lowered their price target 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. One research analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have given a buy rating to the stock. According to MarketBeat.com, Analog Devices currently has an average rating of "Moderate Buy" and an average target price of $252.35.

Analog Devices 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.