Analog Devices, Inc. (NASDAQ:ADI) Shares Acquired by Coldstream Capital Management Inc.

Coldstream Capital Management Inc. lifted its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 4.7% in the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 30,975 shares of the semiconductor company's stock after acquiring an additional 1,395 shares during the period. Coldstream Capital Management Inc.'s holdings in Analog Devices were worth $6,581,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ADI. Broderick Brian C increased its stake in 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 acquiring an additional 2,017 shares during the last quarter. Curbstone Financial Management Corp bought a new stake in Analog Devices in the fourth quarter worth $460,000. Czech National Bank lifted its position in Analog Devices by 6.5% during the fourth 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 stake in shares of 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 buying an additional 2,554 shares in the last quarter. Finally, Oddo BHF Asset Management Sas bought a new stake in shares of Analog Devices in the 3rd quarter worth about $20,194,000. Institutional investors own 86.81% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the company. Williams Trading set a $245.00 price objective on Analog Devices in a research note on Friday, February 14th. Oppenheimer restated an "outperform" rating and set a $270.00 price target (up previously from $245.00) on shares of Analog Devices in a report on Thursday, February 20th. Needham & Company LLC restated a "hold" rating on shares of Analog Devices in a research report on Thursday, February 20th. Benchmark upped their price objective on Analog Devices from $245.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. Finally, Wells Fargo & Company lifted their target price on Analog Devices from $220.00 to $240.00 and gave the stock an "equal weight" rating in a research report on Thursday, February 20th. Six research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company's stock. According to MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $250.43.

Insiders Place Their Bets

In related news, Director Ray Stata sold 3,125 shares of the company's stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $180.21, for a total transaction of $563,156.25. Following the completion of the transaction, the director now owns 186,321 shares in the company, valued at $33,576,907.41. This represents a 1.65 % decrease in their position. The transaction was disclosed in a document filed 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 that occurred on 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 owns 64,918 shares of the company's stock, valued at $13,575,652.16. The trade was a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 29,809 shares of company stock valued at $6,154,756. Company insiders own 0.33% of the company's stock.

Analog Devices Stock Down 0.5 %

Shares of ADI traded down $1.05 during mid-day trading on Tuesday, hitting $192.67. 3,938,849 shares of the company traded hands, compared to its average volume of 3,466,120. The business has a 50 day moving average of $202.30 and a 200 day moving average of $212.33. The company has a market capitalization of $95.56 billion, a PE ratio of 61.36, a price-to-earnings-growth ratio of 2.85 and a beta of 1.06. The company has a quick ratio of 1.43, a current ratio of 1.93 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $247.10.

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

Analog Devices Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, March 4th were issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 2.06%. The ex-dividend date was Tuesday, March 4th. This is a boost from Analog Devices's previous quarterly dividend of $0.92. Analog Devices's dividend payout ratio (DPR) is 126.11%.

Analog Devices announced that its board has approved a stock buyback plan on Tuesday, February 18th that permits the company to buyback $10.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to reacquire up to 9.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company's board believes its shares are 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.