Analog Devices, Inc. (NASDAQ:ADI) Shares Acquired by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. grew its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 19.5% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 3,750 shares of the semiconductor company’s stock after buying an additional 613 shares during the period. Vestmark Advisory Solutions Inc.’s holdings in Analog Devices were worth $797,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also modified their holdings of ADI. Freestone Capital Holdings LLC grew its holdings in shares of Analog Devices by 18.9% in the fourth quarter. Freestone Capital Holdings LLC now owns 15,055 shares of the semiconductor company’s stock valued at $3,199,000 after purchasing an additional 2,397 shares during the period. Lindbrook Capital LLC boosted its stake in Analog Devices by 1.3% during the fourth quarter. Lindbrook Capital LLC now owns 5,243 shares of the semiconductor company’s stock worth $1,114,000 after buying an additional 65 shares during the period. Raymond James Financial Inc. purchased a new position in Analog Devices during the fourth quarter worth about $833,386,000. First Business Financial Services Inc. boosted its stake in Analog Devices by 3.2% during the fourth quarter. First Business Financial Services Inc. now owns 13,224 shares of the semiconductor company’s stock worth $2,810,000 after buying an additional 407 shares during the period. Finally, Cullen Frost Bankers Inc. boosted its stake in Analog Devices by 2.9% during the fourth quarter. Cullen Frost Bankers Inc. now owns 79,914 shares of the semiconductor company’s stock worth $16,979,000 after buying an additional 2,226 shares during the period. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Analog Devices

In related news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $215.49, for a total value of $2,154,900.00. Following the transaction, the chief executive officer now directly owns 21,983 shares in the company, valued at $4,737,116.67. This trade represents a 31.27 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.33% of the company’s stock.

Analog Devices Stock Up 1.4 %

ADI stock opened at $225.86 on Friday. 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 $182.57 and a twelve month high of $247.10. The company’s 50 day moving average is $218.48 and its two-hundred day moving average is $221.21. The stock has a market cap of $112.02 billion, a P/E ratio of 71.93, a PEG ratio of 2.85 and a beta of 1.07.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, February 19th. The semiconductor company reported $1.63 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.54 by $0.09. The business had revenue of $2.42 billion for the quarter, compared to analyst estimates 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 for the quarter was down 3.6% compared to the same quarter last year. During the same period last year, the firm posted $1.73 earnings per share. Research analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices declared that its board has authorized a share repurchase plan on Tuesday, February 18th that permits the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to repurchase up to 9.2% of its stock through open market purchases. Stock repurchase plans are generally an indication that the company’s board of directors believes its stock is undervalued.

Analog Devices Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Tuesday, March 4th will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Tuesday, March 4th. This is a positive change from Analog Devices’s previous quarterly dividend of $0.92. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.75%. Analog Devices’s dividend payout ratio (DPR) is 126.11%.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ADI. UBS Group increased their price target on shares of Analog Devices from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. Barclays reduced their price target on shares of Analog Devices from $250.00 to $210.00 and set an “equal weight” rating on the stock in a research report on Friday, January 17th. JPMorgan Chase & Co. increased their price target on shares of Analog Devices from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. Lake Street Capital began coverage on shares of Analog Devices in a research report on Friday, February 14th. They set a “buy” rating on the stock. Finally, Wells Fargo & Company increased their price target on shares of Analog Devices from $220.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 20th. Six analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. According to data from MarketBeat, Analog Devices has an average rating of “Moderate Buy” and a consensus price target of $255.41.

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.