Analog Devices, Inc. (NASDAQ:ADI) Stock Holdings Lifted by Rockefeller Capital Management L.P.

Rockefeller Capital Management L.P. increased its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 4.4% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 431,719 shares of the semiconductor company's stock after purchasing an additional 18,212 shares during the period. Rockefeller Capital Management L.P. owned 0.09% of Analog Devices worth $91,703,000 as of its most recent SEC filing.

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

Insider Transactions at Analog Devices

In other news, EVP Vivek Jain sold 12,684 shares of the firm's stock in a transaction on Monday, March 24th. The stock was sold at an average price of $210.00, for a total transaction of $2,663,640.00. Following the transaction, the executive vice president now directly owns 43,175 shares of the company's stock, valued at approximately $9,066,750. This trade represents a 22.71 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Wednesday, March 12th. The shares were sold at an average price of $209.12, for a total transaction of $2,091,200.00. Following the completion of the transaction, the chief executive officer now owns 64,918 shares of the company's stock, valued at $13,575,652.16. This represents a 13.35 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,684 shares of company stock worth $5,591,600. Insiders own 0.33% of the company's stock.

Analog Devices Stock Up 0.7 %

NASDAQ ADI traded up $1.20 on Thursday, hitting $177.13. 1,636,988 shares of the stock traded hands, compared to its average volume of 3,450,401. The company has a market capitalization of $87.85 billion, a P/E ratio of 56.47, a price-to-earnings-growth ratio of 2.85 and a beta of 1.06. The stock has a 50-day moving average of $207.12 and a 200 day moving average of $215.03. 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, Inc. has a twelve month low of $158.65 and a twelve month high of $247.10.

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 firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.36 billion. Analog Devices had a net margin of 16.75% and a return on equity of 8.91%. The firm's revenue was down 3.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.73 earnings per share. As a group, analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

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

Analog Devices Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, March 4th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 2.24%. This is a boost from Analog Devices's previous quarterly dividend of $0.92. The ex-dividend date of this dividend was Tuesday, March 4th. Analog Devices's dividend payout ratio (DPR) is presently 126.11%.

Wall Street Analyst Weigh In

ADI has been the topic of a number of research analyst reports. Truist Financial lifted their price target 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. Wells Fargo & Company boosted their price target on Analog Devices from $220.00 to $240.00 and gave the company an "equal weight" rating in a research report on Thursday, February 20th. Lake Street Capital started coverage on Analog Devices in a report on Friday, February 14th. They issued a "buy" rating on the stock. Maxim Group began coverage on shares of Analog Devices in a research report on Friday, February 14th. They set a "buy" rating for the company. Finally, Stifel Nicolaus reduced their price target on shares of Analog Devices from $275.00 to $225.00 and set a "buy" rating on the stock in a research report on Thursday. Six analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $254.05.

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.