Analog Devices, Inc. (NASDAQ:ADI) Shares Bought by Greenwood Gearhart Inc.

Greenwood Gearhart Inc. lifted its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 26.2% in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,420 shares of the semiconductor company’s stock after buying an additional 295 shares during the period. Greenwood Gearhart Inc.’s holdings in Analog Devices were worth $302,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of ADI. Marshall Wace LLP bought a new position in Analog Devices in the 4th quarter valued at about $50,990,000. Main Street Financial Solutions LLC acquired a new stake in shares of Analog Devices in the 4th quarter worth approximately $300,000. United Capital Financial Advisors LLC boosted its holdings in shares of Analog Devices by 38.3% in the fourth quarter. United Capital Financial Advisors LLC now owns 58,709 shares of the semiconductor company’s stock valued at $12,473,000 after acquiring an additional 16,254 shares in the last quarter. Delaney Dennis R increased its stake in shares of Analog Devices by 1.7% during the fourth quarter. Delaney Dennis R now owns 30,270 shares of the semiconductor company’s stock valued at $6,431,000 after acquiring an additional 495 shares during the period. Finally, Jump Financial LLC raised its stake in shares of Analog Devices by 4.0% in the 4th quarter. Jump Financial LLC now owns 1,888 shares of the semiconductor company’s stock worth $401,000 after buying an additional 73 shares in the last quarter. Institutional investors own 86.81% of the company’s stock.

Insider Buying and Selling at Analog Devices

In other news, CFO Richard C. Puccio, Jr. sold 4,000 shares of Analog Devices stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $209.19, for a total value of $836,760.00. Following the sale, the chief financial officer now directly owns 49,916 shares in the company, valued at approximately $10,441,928.04. This trade represents a 7.42 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Vivek Jain sold 12,684 shares of the business’s stock in a transaction dated Monday, March 24th. The shares were 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 owns 43,175 shares in the company, valued at $9,066,750. This represents a 22.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 26,684 shares of company stock valued at $5,591,600 in the last 90 days. Corporate insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

ADI has been the subject of several research reports. Needham & Company LLC reissued a “hold” rating on shares of Analog Devices in a research note on Thursday, February 20th. Williams Trading set a $245.00 price target on shares of Analog Devices in a report on Friday, February 14th. Citigroup decreased their price objective on shares of Analog Devices from $265.00 to $235.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Maxim Group initiated coverage on shares of Analog Devices in a research note on Friday, February 14th. They set a “buy” rating on the stock. Finally, UBS Group raised their target price on Analog Devices from $275.00 to $300.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. Six equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $254.73.

Analog Devices Stock Performance

Shares of Analog Devices stock opened at $179.54 on Wednesday. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $247.10. 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 company has a market cap of $89.05 billion, a P/E ratio of 57.18, a PEG ratio of 2.85 and a beta of 1.06. The business has a 50-day moving average price of $207.71 and a two-hundred day moving average price of $215.30.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Wednesday, February 19th. The semiconductor company reported $1.63 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.09. The business had revenue of $2.42 billion for the quarter, compared to analysts’ expectations 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 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 EPS. As a group, analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices announced that its Board of Directors has approved a stock buyback plan on Tuesday, February 18th that permits the company to buyback $10.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to purchase up to 9.2% of its shares through open market purchases. Shares buyback plans are generally a sign that the company’s board believes its stock is undervalued.

Analog Devices Increases Dividend

The firm 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 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 yield of 2.21%. The ex-dividend date of this dividend was Tuesday, March 4th. Analog Devices’s dividend payout ratio is currently 126.11%.

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.