Landscape Capital Management L.L.C. Invests $819,000 in Analog Devices, Inc. (NASDAQ:ADI)

Landscape Capital Management L.L.C. bought a new position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,857 shares of the semiconductor company's stock, valued at approximately $819,000.

Other institutional investors also recently modified their holdings of the company. Mainstream Capital Management LLC acquired a new stake in Analog Devices in the 4th quarter worth about $30,000. Hopwood Financial Services Inc. bought a new position in shares of Analog Devices during the fourth quarter worth approximately $30,000. Cassady Schiller Wealth Management LLC increased its holdings in shares of Analog Devices by 63.2% during the fourth quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company's stock worth $30,000 after purchasing an additional 55 shares during the period. Financial Life Planners bought a new stake in shares of Analog Devices in the fourth quarter valued at approximately $33,000. Finally, Kestra Investment Management LLC acquired a new stake in Analog Devices during the fourth quarter worth approximately $41,000. Institutional investors own 86.81% of the company's stock.

Insider Activity

In other news, CFO Richard C. Puccio, Jr. sold 4,000 shares of the company's stock in a transaction on Wednesday, March 19th. The shares were 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 of the company's stock, valued at approximately $10,441,928.04. This represents a 7.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $209.12, for a total transaction of $2,091,200.00. Following the sale, the chief executive officer now owns 64,918 shares of the company's stock, valued at approximately $13,575,652.16. This trade represents a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 26,684 shares of company stock valued at $5,591,600. Company insiders own 0.33% of the company's stock.

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Analog Devices Trading Up 0.4 %

NASDAQ ADI traded up $0.80 during trading hours on Friday, reaching $179.16. The company's stock had a trading volume of 6,528,835 shares, compared to its average volume of 3,444,715. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week high of $247.10. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.93 and a quick ratio of 1.43. The stock has a market cap of $88.86 billion, a P/E ratio of 57.06, a P/E/G ratio of 2.85 and a beta of 1.06. The firm has a fifty day simple moving average of $208.90 and a 200-day simple moving average of $216.04.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The semiconductor company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.09. Analog Devices had a net margin of 16.75% and a return on equity of 8.91%. The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter last year, the firm earned $1.73 earnings per share. The company's revenue for the quarter was down 3.6% on a year-over-year basis. Equities analysts forecast 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 initiated a share repurchase plan on Tuesday, February 18th that allows the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization allows the semiconductor company to purchase up to 9.2% of its shares through open market purchases. Shares repurchase plans are generally a sign that the company's board of directors believes its shares are undervalued.

Analog Devices Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, March 4th were given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 2.21%. The ex-dividend date of this dividend was Tuesday, March 4th. This is a positive change from Analog Devices's previous quarterly dividend of $0.92. Analog Devices's payout ratio is 126.11%.

Analysts Set New Price Targets

ADI has been the subject of a number of recent analyst reports. Lake Street Capital assumed coverage on Analog Devices in a research report on Friday, February 14th. They set a "buy" rating for the company. Morgan Stanley upped their price objective on shares of Analog Devices from $248.00 to $250.00 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. Williams Trading set a $245.00 price objective on shares of Analog Devices in a research note on Friday, February 14th. Wells Fargo & Company boosted their target price on shares of Analog Devices from $220.00 to $240.00 and gave the company an "equal weight" rating in a research report on Thursday, February 20th. Finally, Oppenheimer reaffirmed an "outperform" rating and set a $270.00 price target (up previously from $245.00) on shares of Analog Devices in a report on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $254.73.

About Analog Devices

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.