Lansdowne Partners UK LLP Acquires 82,494 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Lansdowne Partners UK LLP lifted its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 41.7% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 280,460 shares of the semiconductor company's stock after acquiring an additional 82,494 shares during the quarter. Analog Devices accounts for approximately 4.3% of Lansdowne Partners UK LLP's holdings, making the stock its 6th largest position. Lansdowne Partners UK LLP owned 0.06% of Analog Devices worth $59,587,000 at the end of the most recent quarter.

A number of other institutional investors have also made changes to their positions in ADI. Broderick Brian C lifted its holdings 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 worth $16,831,000 after purchasing an additional 2,017 shares during the last quarter. Curbstone Financial Management Corp bought a new position in shares of Analog Devices during the fourth quarter worth about $460,000. Czech National Bank lifted its position in Analog Devices by 6.5% in the 4th quarter. Czech National Bank now owns 107,650 shares of the semiconductor company's stock valued at $22,871,000 after purchasing an additional 6,566 shares during the last quarter. Synergy Asset Management LLC grew its position 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 worth $5,404,000 after purchasing an additional 2,554 shares during the last quarter. Finally, Oddo BHF Asset Management Sas bought a new stake in shares of Analog Devices during the third quarter valued at approximately $20,194,000. 86.81% of the stock is currently owned by institutional investors.

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Insider Buying and Selling at Analog Devices

In other Analog Devices news, EVP Vivek Jain sold 12,684 shares of the company's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $210.00, for a total value of $2,663,640.00. Following the transaction, the executive vice president now directly owns 43,175 shares of the company's stock, valued at $9,066,750. This represents a 22.71 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the firm's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $209.12, for a total value of $2,091,200.00. Following the sale, the chief executive officer now directly owns 64,918 shares of the company's stock, valued at $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. In the last quarter, insiders have sold 26,684 shares of company stock worth $5,591,600. 0.33% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

ADI has been the topic of several recent analyst reports. UBS Group lifted their target price on Analog Devices from $275.00 to $300.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. increased their target price on shares of Analog Devices from $280.00 to $300.00 and gave the company an "overweight" rating in a research report on Thursday, February 20th. Lake Street Capital assumed coverage on shares of Analog Devices in a research report on Friday, February 14th. They set a "buy" rating on the stock. Wells Fargo & Company increased their price objective on shares of Analog Devices from $220.00 to $240.00 and gave the company an "equal weight" rating in a report on Thursday, February 20th. Finally, Maxim Group began coverage on Analog Devices in a report on Friday, February 14th. They set a "buy" rating on the stock. Six investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company's stock. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $254.73.

Analog Devices Stock Up 0.5 %

NASDAQ:ADI traded up $0.94 during trading hours on Tuesday, hitting $179.54. 3,033,786 shares of the stock traded hands, compared to its average volume of 3,448,896. The firm has a 50 day moving average price of $207.71 and a 200 day moving average price of $215.30. The firm has a market cap of $89.05 billion, a price-to-earnings ratio of 57.18, a PEG ratio of 2.85 and a beta of 1.06. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week 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.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The semiconductor company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.09. Analog Devices had a return on equity of 8.91% and a net margin of 16.75%. The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same period in the prior year, the business earned $1.73 EPS. The business's revenue for the quarter was down 3.6% on a year-over-year basis. Equities research analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

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

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 dividend of $0.99 per share. The ex-dividend date was Tuesday, March 4th. This is an increase 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%. Analog Devices's payout ratio is presently 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.