Boston Partners Has $108.89 Million Stock Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Boston Partners lessened its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 1.3% in the fourth quarter, according to the company in its most recent filing with the SEC. The fund owned 512,302 shares of the semiconductor company's stock after selling 6,526 shares during the quarter. Boston Partners owned about 0.10% of Analog Devices worth $108,888,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of ADI. Raymond James Financial Inc. acquired a new stake in Analog Devices in the 4th quarter worth about $833,386,000. Proficio Capital Partners LLC raised its stake in Analog Devices by 22,005.0% in the 4th quarter. Proficio Capital Partners LLC now owns 3,073,252 shares of the semiconductor company's stock worth $652,943,000 after purchasing an additional 3,059,349 shares in the last quarter. Franklin Resources Inc. raised its stake in Analog Devices by 14.9% in the 3rd quarter. Franklin Resources Inc. now owns 9,176,877 shares of the semiconductor company's stock worth $2,169,689,000 after purchasing an additional 1,189,940 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Analog Devices by 807.5% in the 3rd quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 959,686 shares of the semiconductor company's stock valued at $220,891,000 after buying an additional 853,931 shares during the period. Finally, Holocene Advisors LP increased its holdings in Analog Devices by 336.4% in the 3rd quarter. Holocene Advisors LP now owns 1,068,572 shares of the semiconductor company's stock valued at $245,953,000 after buying an additional 823,709 shares during the period. Institutional investors and hedge funds own 86.81% of the company's stock.

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Analog Devices Trading Down 0.7 %

ADI traded down $1.50 during trading on Friday, reaching $204.40. 5,070,173 shares of the company's stock were exchanged, compared to its average volume of 3,110,802. The stock has a market capitalization of $101.38 billion, a PE ratio of 65.10, a price-to-earnings-growth ratio of 2.85 and a beta of 1.07. Analog Devices, Inc. has a one year low of $182.57 and a one 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 firm has a fifty day moving average price of $217.17 and a two-hundred day moving average price of $219.84.

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

Analog Devices declared that its board has authorized a stock buyback program on Tuesday, February 18th that allows the company to buyback $10.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to reacquire up to 9.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's management believes its stock is undervalued.

Analog Devices Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Tuesday, March 4th were given a $0.99 dividend. The ex-dividend date was Tuesday, March 4th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.94%. This is an increase from Analog Devices's previous quarterly dividend of $0.92. Analog Devices's payout ratio is 126.11%.

Insider Transactions at Analog Devices

In related news, CFO Richard C. Puccio, Jr. sold 4,000 shares of the business's stock in a transaction on Wednesday, March 19th. The shares were sold at an average price of $209.19, for a total transaction of $836,760.00. Following the transaction, the chief financial officer now owns 49,916 shares in the company, valued at $10,441,928.04. The trade was a 7.42 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction on Thursday, January 2nd. The shares were sold at an average price of $215.49, for a total transaction of $2,154,900.00. Following the transaction, the chief executive officer now owns 21,983 shares in the company, valued at $4,737,116.67. The trade was a 31.27 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 24,000 shares of company stock worth $5,082,860. Company insiders own 0.33% of the company's stock.

Analysts Set New Price Targets

Several research firms have commented on ADI. Benchmark raised their target price on shares of Analog Devices from $245.00 to $275.00 and gave the company a "buy" rating in a report on Thursday, February 20th. Lake Street Capital began coverage on shares of Analog Devices in a report on Friday, February 14th. They issued a "buy" rating on the stock. Williams Trading set a $245.00 target price on shares of Analog Devices in a report on Friday, February 14th. UBS Group raised their target price on shares of Analog Devices from $275.00 to $300.00 and gave the company a "buy" rating in a report on Thursday, February 20th. Finally, Needham & Company LLC reissued a "hold" rating on shares of Analog Devices in a report on Thursday, February 20th. Six equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the stock. According to MarketBeat, Analog Devices currently has an average rating of "Moderate Buy" and an average price target of $255.41.

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.