DRW Securities LLC increased its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 193.5% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,939 shares of the semiconductor company's stock after purchasing an additional 2,597 shares during the quarter. DRW Securities LLC's holdings in Analog Devices were worth $837,000 at the end of the most recent quarter.
Other large investors have also added to or reduced their stakes in the company. Hopwood Financial Services Inc. bought a new stake in shares of Analog Devices during the 4th quarter valued at $30,000. Mainstream Capital Management LLC purchased a new position in Analog Devices during the fourth quarter valued at $30,000. Cassady Schiller Wealth Management LLC grew its holdings in Analog Devices by 63.2% during the fourth quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company's stock valued at $30,000 after purchasing an additional 55 shares during the period. Financial Life Planners purchased a new position in shares of Analog Devices during the 4th quarter valued at about $33,000. Finally, Kestra Investment Management LLC bought a new position in shares of Analog Devices during the 4th quarter valued at approximately $41,000. Institutional investors own 86.81% of the company's stock.
Analog Devices Trading Up 1.6 %
Analog Devices stock traded up $2.91 during mid-day trading on Tuesday, hitting $181.51. The company's stock had a trading volume of 961,810 shares, compared to its average volume of 3,437,354. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $247.10. The stock has a market cap of $90.02 billion, a PE ratio of 57.81, a P/E/G ratio of 2.85 and a beta of 1.06. The company has a 50 day moving average of $208.27 and a 200-day moving average of $215.55. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.43 and a current ratio of 1.93.
Analog Devices (NASDAQ:ADI - Get Free Report) last released 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 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 period last year, the business posted $1.73 EPS. Analog Devices's quarterly revenue was down 3.6% on a year-over-year basis. On average, research analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current year.
Analog Devices Increases Dividend
The business also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Tuesday, March 4th were issued a dividend of $0.99 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.96 annualized dividend and a dividend yield of 2.18%. This is an increase 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 of Directors has authorized a stock buyback 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 stock through open market purchases. Stock repurchase plans are generally an indication that the company's leadership believes its shares are undervalued.
Wall Street Analyst Weigh In
ADI has been the subject of a number of recent analyst reports. Truist Financial upped their price target on shares of Analog Devices from $230.00 to $248.00 and gave the stock a "hold" rating in a research report on Thursday, February 20th. Benchmark raised their price target on Analog Devices from $245.00 to $275.00 and gave the company a "buy" rating in a report on Thursday, February 20th. Barclays dropped their price objective on Analog Devices from $250.00 to $210.00 and set an "equal weight" rating for the company in a research note on Friday, January 17th. Maxim Group started coverage on Analog Devices in a report on Friday, February 14th. They issued a "buy" rating on the stock. Finally, Lake Street Capital started coverage on shares of Analog Devices in a report on Friday, February 14th. They set a "buy" rating for the company. Six research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $254.73.
Check Out Our Latest Stock Analysis on Analog Devices
Insider Activity at Analog Devices
In other Analog Devices news, CFO Richard C. Puccio, Jr. sold 4,000 shares of the company'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. This represents a 7.42 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction that occurred on Wednesday, March 12th. The shares were 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 directly owns 64,918 shares of the company's stock, valued at approximately $13,575,652.16. This trade represents a 13.35 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,684 shares of company stock valued at $5,591,600 in the last three months. 0.33% of the stock is owned by insiders.
Analog Devices Company Profile
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Free Report)
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.
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