Analog Devices, Inc. (NASDAQ:ADI) is Reynders McVeigh Capital Management LLC's 7th Largest Position

Reynders McVeigh Capital Management LLC raised its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 1.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 260,654 shares of the semiconductor company's stock after purchasing an additional 3,160 shares during the quarter. Analog Devices accounts for approximately 2.9% of Reynders McVeigh Capital Management LLC's investment portfolio, making the stock its 7th biggest position. Reynders McVeigh Capital Management LLC owned about 0.05% of Analog Devices worth $55,378,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Broderick Brian C lifted its stake in shares of Analog Devices by 2.6% in the 4th quarter. Broderick Brian C now owns 79,221 shares of the semiconductor company's stock valued at $16,831,000 after acquiring an additional 2,017 shares during the last quarter. Curbstone Financial Management Corp acquired a new stake in shares of Analog Devices during the fourth quarter valued at about $460,000. Czech National Bank increased its stake in shares of Analog Devices by 6.5% in the fourth quarter. Czech National Bank now owns 107,650 shares of the semiconductor company's stock valued at $22,871,000 after buying an additional 6,566 shares during the period. Synergy Asset Management LLC raised its holdings in Analog Devices by 11.1% in the 4th quarter. Synergy Asset Management LLC now owns 25,569 shares of the semiconductor company's stock valued at $5,404,000 after buying an additional 2,554 shares during the last quarter. Finally, Oddo BHF Asset Management Sas bought a new stake in Analog Devices during the 3rd quarter worth approximately $20,194,000. Institutional investors own 86.81% of the company's stock.

Wall Street Analyst Weigh In

ADI has been the topic of several recent research reports. Stifel Nicolaus cut their target price on Analog Devices from $275.00 to $225.00 and set a "buy" rating on the stock in a report on Thursday. Barclays lowered their target price on shares of Analog Devices from $250.00 to $210.00 and set an "equal weight" rating for the company in a research note on Friday, January 17th. Wells Fargo & Company upped their target price 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. Maxim Group assumed coverage on shares of Analog Devices in a research report on Friday, February 14th. They set a "buy" rating for the company. Finally, JPMorgan Chase & Co. increased 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. Six investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $254.05.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction that occurred on 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 transaction, the chief executive officer now directly 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 transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Richard C. Puccio, Jr. sold 4,000 shares of the firm's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $209.19, for a total transaction of $836,760.00. Following the completion of the transaction, the chief financial officer now owns 49,916 shares in the company, valued at $10,441,928.04. This represents a 7.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,809 shares of company stock worth $6,154,756 over the last three months. 0.33% of the stock is owned by insiders.

Analog Devices Price Performance

ADI stock traded up $0.34 during mid-day trading on Friday, reaching $176.27. 3,341,234 shares of the company traded hands, compared to its average volume of 3,459,664. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $247.10. The company has a market capitalization of $87.43 billion, a P/E ratio of 56.14, a P/E/G ratio of 2.85 and a beta of 1.06. 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 company has a fifty day moving average price of $206.55 and a 200-day moving average price of $214.66.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The semiconductor company reported $1.63 EPS for the quarter, beating analysts' consensus estimates of $1.54 by $0.09. The firm had revenue of $2.42 billion during 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 business's revenue for the quarter was down 3.6% on a year-over-year basis. During the same period in the previous year, the business earned $1.73 EPS. As a group, analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, March 4th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 2.25%. This is a boost from Analog Devices's previous quarterly dividend of $0.92. The ex-dividend date was Tuesday, March 4th. Analog Devices's dividend payout ratio is 126.11%.

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

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.