Impact Capital Partners LLC Invests $2.46 Million in Analog Devices, Inc. (NASDAQ:ADI)

Impact Capital Partners LLC bought a new position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 11,583 shares of the semiconductor company's stock, valued at approximately $2,461,000. Analog Devices makes up about 0.9% of Impact Capital Partners LLC's holdings, making the stock its 28th biggest holding.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Bank of Hawaii grew its position in Analog Devices by 4.8% during the third quarter. Bank of Hawaii now owns 1,043 shares of the semiconductor company's stock valued at $240,000 after buying an additional 48 shares during the period. NTV Asset Management LLC grew its position in shares of Analog Devices by 2.7% during the 4th quarter. NTV Asset Management LLC now owns 2,063 shares of the semiconductor company's stock valued at $438,000 after acquiring an additional 54 shares during the period. West Oak Capital LLC increased its stake in shares of Analog Devices by 0.4% during the 4th quarter. West Oak Capital LLC now owns 12,509 shares of the semiconductor company's stock worth $2,658,000 after purchasing an additional 55 shares during the last quarter. D.A. Davidson & CO. raised its holdings in shares of Analog Devices by 0.8% in the 3rd quarter. D.A. Davidson & CO. now owns 6,810 shares of the semiconductor company's stock worth $1,568,000 after purchasing an additional 57 shares during the period. Finally, Relyea Zuckerberg Hanson LLC raised its holdings in shares of Analog Devices by 4.3% in the 4th quarter. Relyea Zuckerberg Hanson LLC now owns 1,406 shares of the semiconductor company's stock worth $299,000 after purchasing an additional 58 shares during the period. Hedge funds and other institutional investors own 86.81% of the company's stock.

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Analyst Ratings Changes

A number of analysts have issued reports on ADI shares. Barclays decreased their target price on Analog Devices from $250.00 to $210.00 and set an "equal weight" rating for the company in a research report on Friday, January 17th. JPMorgan Chase & Co. lifted their price objective on Analog Devices from $280.00 to $300.00 and gave the stock an "overweight" rating in a report on Thursday, February 20th. Wells Fargo & Company boosted their price objective on Analog Devices from $220.00 to $240.00 and gave the company an "equal weight" rating in a research note on Thursday, February 20th. TD Cowen cut their target price on shares of Analog Devices from $270.00 to $260.00 and set a "buy" rating for the company in a research report on Wednesday, November 27th. Finally, Benchmark boosted their price target on shares of Analog Devices from $245.00 to $275.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. According to data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $255.41.

Insider Activity

In other news, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction dated 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 completion of the sale, the chief executive officer now owns 64,918 shares of the company's stock, valued at approximately $13,575,652.16. The trade was a 13.35 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 0.33% of the stock is owned by corporate insiders.

Analog Devices Price Performance

NASDAQ:ADI traded up $4.95 during midday trading on Friday, hitting $208.75. The company had a trading volume of 2,613,729 shares, compared to its average volume of 3,906,637. The stock's fifty day moving average price is $218.09 and its 200-day moving average price is $220.66. Analog Devices, Inc. has a 52-week low of $182.57 and a 52-week high of $247.10. The company has a quick ratio of 1.43, a current ratio of 1.93 and a debt-to-equity ratio of 0.19. The company has a market capitalization of $103.53 billion, a PE ratio of 66.48, a P/E/G ratio of 2.85 and a beta of 1.07.

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

Analog Devices Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Tuesday, March 4th will be issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.90%. This is a positive change from Analog Devices's previous quarterly dividend of $0.92. The ex-dividend date of this dividend is Tuesday, March 4th. Analog Devices's payout ratio is presently 126.11%.

Analog Devices announced that its Board of Directors has authorized a stock buyback plan on Tuesday, February 18th that authorizes the company to repurchase $10.00 billion in shares. This repurchase authorization authorizes the semiconductor company to reacquire up to 9.2% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's board believes its stock is 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.