Bryn Mawr Capital Management LLC Purchases 102,307 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Bryn Mawr Capital Management LLC raised its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 268.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 140,405 shares of the semiconductor company's stock after purchasing an additional 102,307 shares during the period. Analog Devices comprises about 1.1% of Bryn Mawr Capital Management LLC's portfolio, making the stock its 23rd largest holding. Bryn Mawr Capital Management LLC's holdings in Analog Devices were worth $29,830,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ADI. Capital Performance Advisors LLP bought a new stake in Analog Devices during the third quarter valued at $28,000. Archer Investment Corp grew its position in Analog Devices by 101.4% in the 3rd quarter. Archer Investment Corp now owns 145 shares of the semiconductor company's stock valued at $33,000 after buying an additional 73 shares in the last quarter. Financial Life Planners bought a new position in Analog Devices in the 4th quarter valued at about $33,000. Kestra Investment Management LLC bought a new position in Analog Devices in the 4th quarter valued at about $41,000. Finally, Peterson Financial Group Inc. bought a new position in Analog Devices in the 3rd quarter valued at about $43,000. Institutional investors own 86.81% of the company's stock.

Insider Buying and Selling at Analog Devices

In other news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Wednesday, December 11th. The stock was sold at an average price of $215.83, for a total value of $2,158,300.00. Following the completion of the sale, the chief executive officer now directly owns 21,983 shares of the company's stock, valued at approximately $4,744,590.89. This represents a 31.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Corporate insiders own 0.33% of the company's stock.

Analog Devices Stock Down 1.9 %

NASDAQ:ADI traded down $4.55 during mid-day trading on Friday, reaching $239.27. The stock had a trading volume of 3,251,018 shares, compared to its average volume of 3,720,083. The business's 50 day moving average is $215.06 and its 200 day moving average is $219.97. Analog Devices, Inc. has a fifty-two week low of $182.57 and a fifty-two week high of $247.10. The stock has a market cap of $118.70 billion, a P/E ratio of 76.28, a PEG ratio of 2.76 and a beta of 1.04. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.93 and a quick ratio of 1.35.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The semiconductor company reported $1.63 EPS for the quarter, beating 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 company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter last year, the company posted $1.73 earnings per share. The company's revenue for the quarter was down 3.6% compared to the same quarter last year. As a group, sell-side analysts predict that Analog Devices, Inc. will post 7.11 earnings per share for the current year.

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

Analog Devices Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Tuesday, March 4th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 1.66%. The ex-dividend date is Tuesday, March 4th. This is an increase from Analog Devices's previous quarterly dividend of $0.92. Analog Devices's dividend payout ratio (DPR) is 126.11%.

Wall Street Analysts Forecast Growth

A number of equities analysts recently issued reports on the stock. Needham & Company LLC reiterated a "hold" rating on shares of Analog Devices in a research report on Thursday. Barclays cut their price target 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. Truist Financial upped their price target on shares of Analog Devices from $230.00 to $248.00 and gave the company a "hold" rating in a report on Thursday. Morgan Stanley upped their price target on shares of Analog Devices from $248.00 to $250.00 and gave the company an "overweight" rating in a report on Thursday. Finally, Piper Sandler cut their price target on shares of Analog Devices from $235.00 to $220.00 and set a "neutral" rating for the company in a report on Wednesday, November 27th. Seven research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $255.19.

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.