Broderick Brian C Acquires 2,017 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Broderick Brian C boosted its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 2.6% during the 4th quarter, according to the company in its most recent disclosure with the SEC. The fund owned 79,221 shares of the semiconductor company's stock after buying an additional 2,017 shares during the quarter. Analog Devices accounts for about 3.3% of Broderick Brian C's investment portfolio, making the stock its 9th largest position. Broderick Brian C's holdings in Analog Devices were worth $16,831,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds also recently modified their holdings of ADI. Curbstone Financial Management Corp purchased a new position in Analog Devices in the fourth quarter valued at about $460,000. Czech National Bank lifted its stake in 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 acquiring an additional 6,566 shares during the last quarter. Synergy Asset Management LLC increased its stake in shares of Analog Devices by 11.1% during 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. Oddo BHF Asset Management Sas bought a new position in shares of Analog Devices during the 3rd quarter valued at $20,194,000. Finally, RFG Advisory LLC lifted its stake in shares of Analog Devices by 3.9% in the 4th quarter. RFG Advisory LLC now owns 2,072 shares of the semiconductor company's stock valued at $440,000 after purchasing an additional 77 shares during the last quarter. Institutional investors and hedge funds own 86.81% of the company's stock.

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Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ADI. Benchmark increased their price objective on Analog Devices from $245.00 to $275.00 and gave the company a "buy" rating in a report on Thursday, February 20th. Barclays decreased their price objective on shares of Analog Devices from $250.00 to $210.00 and set an "equal weight" rating for the company in a report on Friday, January 17th. Lake Street Capital assumed coverage on Analog Devices in a research report on Friday, February 14th. They set a "buy" rating for the company. Needham & Company LLC reiterated a "hold" rating on shares of Analog Devices in a research note on Thursday, February 20th. Finally, JPMorgan Chase & Co. raised their price objective on Analog Devices from $280.00 to $300.00 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. Six 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 currently has an average rating of "Moderate Buy" and an average target price of $255.41.

Analog Devices Trading Up 1.9 %

Shares of NASDAQ ADI traded up $3.23 during midday trading on Wednesday, reaching $169.32. 1,784,730 shares of the stock were exchanged, compared to its average volume of 3,385,088. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.93 and a quick ratio of 1.43. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $247.10. The business has a 50-day simple moving average of $210.59 and a two-hundred day simple moving average of $217.05. The company has a market capitalization of $83.98 billion, a price-to-earnings ratio of 53.85, a P/E/G ratio of 2.85 and a beta of 1.06.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its earnings results on Wednesday, February 19th. The semiconductor company reported $1.63 earnings per share (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 analysts' expectations of $2.36 billion. Analog Devices had a return on equity of 8.91% and a net margin of 16.75%. The company's revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the firm earned $1.73 earnings per share. As a group, equities research analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Tuesday, March 4th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 2.34%. The ex-dividend date of this dividend was Tuesday, March 4th. This is a boost from Analog Devices's previous quarterly dividend of $0.92. Analog Devices's dividend payout ratio is 126.11%.

Analog Devices declared that its board has authorized a stock buyback program on Tuesday, February 18th that authorizes the company to buyback $10.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to reacquire up to 9.2% of its shares through open market purchases. Shares buyback programs are generally a sign that the company's leadership believes its shares are undervalued.

Insider Transactions at Analog Devices

In other Analog Devices news, CFO Richard C. Puccio, Jr. sold 4,000 shares of the business'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 value of $836,760.00. Following the sale, the chief financial officer now owns 49,916 shares in the company, valued at approximately $10,441,928.04. The trade was a 7.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 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 transaction, the chief executive officer now owns 64,918 shares of the company's stock, valued at $13,575,652.16. The trade was a 13.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 26,684 shares of company stock valued at $5,591,600 over the last quarter. Corporate insiders own 0.33% of the company's stock.

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.