Analog Devices, Inc. (NASDAQ:ADI) Shares Sold by Snyder Capital Management L P

Snyder Capital Management L P lessened its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 6.2% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 273,296 shares of the semiconductor company's stock after selling 18,051 shares during the period. Analog Devices makes up about 1.2% of Snyder Capital Management L P's portfolio, making the stock its 29th biggest position. Snyder Capital Management L P owned approximately 0.06% of Analog Devices worth $58,064,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently bought and sold shares of the stock. Kovitz Investment Group Partners LLC boosted its holdings in shares of Analog Devices by 301.1% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 1,581,157 shares of the semiconductor company's stock valued at $335,933,000 after acquiring an additional 1,186,981 shares during the last quarter. Keyvantage Wealth LLC purchased a new stake in shares of Analog Devices in the 4th quarter valued at $269,000. Stonebridge Capital Advisors LLC lifted its stake in shares of Analog Devices by 12.2% in the 4th quarter. Stonebridge Capital Advisors LLC now owns 13,982 shares of the semiconductor company's stock valued at $2,971,000 after purchasing an additional 1,525 shares during the period. Integrated Wealth Concepts LLC lifted its stake in shares of Analog Devices by 61.6% in the 4th quarter. Integrated Wealth Concepts LLC now owns 6,511 shares of the semiconductor company's stock valued at $1,383,000 after purchasing an additional 2,481 shares during the period. Finally, Burling Wealth Partners LLC purchased a new stake in Analog Devices during the fourth quarter worth $515,000. Hedge funds and other institutional investors own 86.81% of the company's stock.

Insider Buying and Selling at Analog Devices

In other news, Director Ray Stata sold 3,125 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $180.21, for a total value of $563,156.25. Following the transaction, the director now owns 186,321 shares of the company's stock, valued at approximately $33,576,907.41. The trade was a 1.65 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, EVP Vivek Jain sold 12,684 shares of the business's 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 completion of the transaction, the executive vice president now directly owns 43,175 shares in the company, valued at approximately $9,066,750. The trade was a 22.71 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 29,809 shares of company stock worth $6,154,756. 0.33% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

ADI has been the topic of a number of recent analyst reports. Maxim Group initiated coverage on shares of Analog Devices in a report on Friday, February 14th. They set a "buy" rating on the stock. Stifel Nicolaus lowered their price target on shares of Analog Devices from $275.00 to $225.00 and set a "buy" rating on the stock in a report on Thursday, April 17th. Benchmark increased their price objective on shares of Analog Devices from $245.00 to $275.00 and gave the company a "buy" rating in a report on Thursday, February 20th. JPMorgan Chase & Co. boosted their target price on shares of Analog Devices from $280.00 to $300.00 and gave the stock an "overweight" rating in a research note on Thursday, February 20th. Finally, Needham & Company LLC reiterated a "hold" rating on shares of Analog Devices in a report on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. Based on data from MarketBeat, Analog Devices presently has an average rating of "Moderate Buy" and an average target price of $250.43.

Analog Devices Stock Down 0.9 %

Shares of ADI stock traded down $1.72 on Wednesday, reaching $190.95. 1,535,466 shares of the stock were exchanged, compared to its average volume of 3,458,646. The company has a current ratio of 1.93, a quick ratio of 1.43 and a debt-to-equity ratio of 0.19. The business's 50 day moving average price is $201.27 and its 200 day moving average price is $212.19. The company has a market capitalization of $94.71 billion, a price-to-earnings ratio of 60.81, a PEG ratio of 2.85 and a beta of 1.06. 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 issued its earnings results 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 company's revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.73 earnings per share. As a group, sell-side analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices declared that its Board of Directors has authorized a share buyback program on Tuesday, February 18th that allows the company to buyback $10.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to buy up to 9.2% of its shares through open market purchases. Shares buyback programs are typically a sign that the company's board of directors believes its stock is undervalued.

Analog Devices Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders 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 dividend yield of 2.07%. This is a boost from Analog Devices's previous quarterly dividend of $0.92. Analog Devices's payout ratio is 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.