Epoch Investment Partners Inc. Reduces Stock Position in Analog Devices, Inc. (NASDAQ:ADI)

Epoch Investment Partners Inc. decreased its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 9.9% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 522,983 shares of the semiconductor company's stock after selling 57,687 shares during the quarter. Epoch Investment Partners Inc. owned approximately 0.11% of Analog Devices worth $111,113,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in ADI. Invst LLC grew its position in Analog Devices by 7.7% during the third quarter. Invst LLC now owns 974 shares of the semiconductor company's stock valued at $224,000 after acquiring an additional 70 shares during the period. SkyView Investment Advisors LLC lifted its position in Analog Devices by 4.1% in the 3rd quarter. SkyView Investment Advisors LLC now owns 3,261 shares of the semiconductor company's stock worth $751,000 after buying an additional 128 shares in the last quarter. Anchor Investment Management LLC lifted its stake in shares of Analog Devices by 33.2% in the 3rd quarter. Anchor Investment Management LLC now owns 2,485 shares of the semiconductor company's stock valued at $572,000 after purchasing an additional 619 shares during the last quarter. Pine Valley Investments Ltd Liability Co lifted its holdings in shares of Analog Devices by 0.9% during the third quarter. Pine Valley Investments Ltd Liability Co now owns 7,680 shares of the semiconductor company's stock worth $1,768,000 after buying an additional 65 shares during the last quarter. Finally, World Investment Advisors LLC increased its stake in Analog Devices by 4,581.5% in the third quarter. World Investment Advisors LLC now owns 42,180 shares of the semiconductor company's stock valued at $9,709,000 after acquiring an additional 41,279 shares during the period. Institutional investors and hedge funds own 86.81% of the company's stock.

Insider Transactions at Analog Devices

In other Analog Devices news, 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 transaction of $2,091,200.00. Following the transaction, the chief executive officer now owns 64,918 shares in the company, valued at approximately $13,575,652.16. The trade was a 13.35 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, EVP Vivek Jain sold 12,684 shares of the company's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $210.00, for a total value of $2,663,640.00. Following the completion of the sale, the executive vice president now directly owns 43,175 shares of the company's stock, valued at $9,066,750. The trade was a 22.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,809 shares of company stock valued at $6,154,756 in the last 90 days. Insiders own 0.33% of the company's stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ADI shares. Wells Fargo & Company raised their price objective on shares of Analog Devices from $220.00 to $240.00 and gave the stock an "equal weight" rating in a report on Thursday, February 20th. Barclays lowered their price objective on shares of Analog Devices from $240.00 to $170.00 and set an "equal weight" rating on the stock in a report on Tuesday. Oppenheimer reiterated an "outperform" rating and set a $270.00 price target (up previously from $245.00) on shares of Analog Devices in a research note on Thursday, February 20th. Maxim Group assumed coverage on shares of Analog Devices in a research report on Friday, February 14th. They set a "buy" rating on the stock. Finally, Citigroup cut their price objective on shares of Analog Devices from $265.00 to $235.00 and set a "buy" rating on the stock in a report on Friday, April 11th. Six analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. According to MarketBeat.com, Analog Devices presently has a consensus rating of "Moderate Buy" and a consensus price target of $250.43.

Analog Devices Trading Up 6.4 %

Shares of ADI stock traded up $11.72 on Thursday, hitting $194.83. The stock had a trading volume of 2,866,241 shares, compared to its average volume of 3,460,460. Analog Devices, Inc. has a twelve month low of $158.65 and a twelve month high of $247.10. The firm has a market cap of $96.63 billion, a P/E ratio of 62.06, a PEG ratio of 2.85 and a beta of 1.06. The company has a fifty day moving average price of $204.15 and a two-hundred day moving average price of $213.32. The company has a current ratio of 1.93, a quick ratio of 1.43 and a debt-to-equity ratio of 0.19.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The semiconductor company reported $1.63 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.54 by $0.09. The firm had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.36 billion. Analog Devices had a return on equity of 8.91% and a net margin of 16.75%. The business's revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.73 EPS. As a group, 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 initiated a stock repurchase plan on Tuesday, February 18th that permits the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to buy up to 9.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's leadership believes its shares are undervalued.

Analog Devices Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, March 4th were issued a $0.99 dividend. This is a positive change from Analog Devices's previous quarterly dividend of $0.92. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 2.03%. Analog Devices's payout ratio is presently 126.11%.

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.