Analog Devices, Inc. (NASDAQ:ADI) Shares Bought by Flossbach Von Storch SE

Flossbach Von Storch SE raised its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 47.7% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 471,859 shares of the semiconductor company's stock after buying an additional 152,401 shares during the period. Flossbach Von Storch SE owned about 0.10% of Analog Devices worth $100,251,000 at the end of the most recent reporting period.

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

Analog Devices Stock Down 2.0 %

Shares of ADI stock traded down $4.91 during trading on Friday, reaching $238.91. The company's stock had a trading volume of 6,176,402 shares, compared to its average volume of 3,812,068. Analog Devices, Inc. has a 1-year low of $182.57 and a 1-year high of $247.10. The stock's 50-day moving average price is $215.06 and its 200 day moving average price is $219.97. The company has a market capitalization of $118.52 billion, a price-to-earnings ratio of 76.09, a P/E/G 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 posted its quarterly earnings results on Wednesday, February 19th. The semiconductor company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.54 by $0.09. The business had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.36 billion. Analog Devices had a net margin of 16.75% and a return on equity of 8.91%. The company's quarterly revenue was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.73 earnings per share. On average, research analysts anticipate that Analog Devices, Inc. will post 7.11 EPS for the current year.

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 given a $0.99 dividend. The ex-dividend date is Tuesday, March 4th. This represents a $3.96 dividend on an annualized basis and a yield of 1.66%. 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%.

Analog Devices announced that its board has authorized a stock repurchase program on Tuesday, February 18th that allows the company to buyback $10.00 billion in shares. This buyback authorization allows the semiconductor company to reacquire up to 9.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company's leadership believes its shares are undervalued.

Analysts Set New Price Targets

Several research analysts have recently weighed in on ADI shares. Barclays lowered their target price on Analog Devices from $250.00 to $210.00 and set an "equal weight" rating on the stock in a report on Friday, January 17th. Truist Financial boosted their price objective on Analog Devices from $230.00 to $248.00 and gave the stock a "hold" rating in a research note on Thursday. Wells Fargo & Company upped their target price on Analog Devices from $220.00 to $240.00 and gave the company an "equal weight" rating in a report on Thursday. UBS Group lifted their price target on Analog Devices from $275.00 to $300.00 and gave the stock a "buy" rating in a report on Thursday. Finally, 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 research report on Thursday. Seven investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $255.19.

Insider Activity

In related news, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction 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 owns 21,983 shares in the company, valued at approximately $4,737,116.67. The trade was a 31.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Company insiders own 0.33% of the company's stock.

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.