Commerzbank Aktiengesellschaft FI Buys 1,816 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Commerzbank Aktiengesellschaft FI boosted its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 17.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,057 shares of the semiconductor company's stock after buying an additional 1,816 shares during the quarter. Commerzbank Aktiengesellschaft FI's holdings in Analog Devices were worth $2,563,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Capital Performance Advisors LLP acquired a new position in Analog Devices in the third quarter worth $28,000. Archer Investment Corp lifted its position in shares of Analog Devices by 101.4% in the 3rd quarter. Archer Investment Corp now owns 145 shares of the semiconductor company's stock worth $33,000 after buying an additional 73 shares during the last quarter. Financial Life Planners acquired a new position in shares of Analog Devices in the 4th quarter valued at about $33,000. Peterson Financial Group Inc. bought a new stake in shares of Analog Devices during the 3rd quarter valued at about $43,000. Finally, Kestra Investment Management LLC acquired a new stake in Analog Devices during the fourth quarter worth about $41,000. Institutional investors and hedge funds own 86.81% of the company's stock.

Analog Devices Stock Down 1.0 %

Shares of Analog Devices stock traded down $2.37 on Thursday, hitting $227.10. The company had a trading volume of 1,086,417 shares, compared to its average volume of 3,841,825. Analog Devices, Inc. has a twelve month low of $182.57 and a twelve month high of $247.10. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.93 and a quick ratio of 1.43. The stock has a 50-day moving average of $218.21 and a 200-day moving average of $221.22. The firm has a market capitalization of $112.64 billion, a P/E ratio of 72.11, a P/E/G ratio of 2.85 and a beta of 1.07.

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

Analog Devices declared that its board has authorized a share 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 reacquire up to 9.2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's management believes its shares are undervalued.

Analog Devices Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Investors of record on Tuesday, March 4th will be given a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 1.74%. The ex-dividend date of this dividend is Tuesday, March 4th. This is a positive change from Analog Devices's previous quarterly dividend of $0.92. Analog Devices's dividend payout ratio (DPR) is currently 126.11%.

Insider Buying and Selling at Analog Devices

In other news, CEO Vincent Roche sold 10,000 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 21,983 shares of the company's stock, valued at $4,737,116.67. This trade represents a 31.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 0.33% of the company's stock.

Analysts Set New Price Targets

ADI has been the subject of a number of analyst reports. Benchmark boosted 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. JPMorgan Chase & Co. boosted their price target on shares of Analog Devices from $280.00 to $300.00 and gave the company an "overweight" rating in a report on Thursday, February 20th. Truist Financial increased their price objective on shares of Analog Devices from $230.00 to $248.00 and gave the stock a "hold" rating in a report on Thursday, February 20th. Needham & Company LLC reissued a "hold" rating on shares of Analog Devices in a research note on Thursday, February 20th. Finally, Piper Sandler decreased their target price on shares of Analog Devices from $235.00 to $220.00 and set a "neutral" rating for the company in a research report on Wednesday, November 27th. Six investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $255.41.

About Analog Devices

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.