Analog Devices, Inc. (NASDAQ:ADI) Shares Sold by Maxwell Wealth Strategies Inc.

Maxwell Wealth Strategies Inc. reduced its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 34.0% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 4,081 shares of the semiconductor company's stock after selling 2,102 shares during the period. Maxwell Wealth Strategies Inc.'s holdings in Analog Devices were worth $867,000 at the end of the most recent reporting period.

A number of other institutional investors have also modified their holdings of the stock. Broderick Brian C lifted its position in shares of Analog Devices by 2.6% in the 4th quarter. Broderick Brian C now owns 79,221 shares of the semiconductor company's stock worth $16,831,000 after purchasing an additional 2,017 shares during the period. Curbstone Financial Management Corp purchased a new stake in Analog Devices during the fourth quarter worth $460,000. Czech National Bank lifted its holdings in Analog Devices by 6.5% during the fourth quarter. Czech National Bank now owns 107,650 shares of the semiconductor company's stock worth $22,871,000 after buying an additional 6,566 shares during the period. Synergy Asset Management LLC boosted its position in Analog Devices by 11.1% during the 4th quarter. Synergy Asset Management LLC now owns 25,569 shares of the semiconductor company's stock valued at $5,404,000 after acquiring an additional 2,554 shares in the last quarter. Finally, Oddo BHF Asset Management Sas purchased a new position in shares of Analog Devices in the 3rd quarter valued at $20,194,000. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analog Devices Trading Down 0.8 %

Analog Devices stock traded down $1.41 during midday trading on Monday, hitting $177.75. 1,199,971 shares of the stock were exchanged, compared to its average volume of 3,436,428. The company has a current ratio of 1.93, a quick ratio of 1.43 and a debt-to-equity ratio of 0.19. The stock's 50-day simple moving average is $208.90 and its 200 day simple moving average is $215.92. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $247.10. The stock has a market capitalization of $88.16 billion, a price-to-earnings ratio of 56.61, a PEG ratio of 2.85 and a beta of 1.06.

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Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings results 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 net margin of 16.75% and a return on equity of 8.91%. The business's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.73 EPS. On average, equities analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Increases Dividend

The firm also recently declared 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 was Tuesday, March 4th. This is a boost from Analog Devices's previous quarterly dividend of $0.92. This represents a $3.96 dividend on an annualized basis and a dividend yield of 2.23%. Analog Devices's dividend payout ratio is currently 126.11%.

Analog Devices declared that its board has approved 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 buy up to 9.2% of its shares through open market purchases. Shares repurchase plans are usually an indication that the company's board believes its stock is undervalued.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ADI. UBS Group boosted their target price on shares of Analog Devices from $275.00 to $300.00 and gave the stock a "buy" rating in a report on Thursday, February 20th. Needham & Company LLC restated a "hold" rating on shares of Analog Devices in a research note on Thursday, February 20th. Williams Trading set a $245.00 price objective on shares of Analog Devices in a report on Friday, February 14th. Benchmark raised their target price on Analog Devices from $245.00 to $275.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. Finally, Wells Fargo & Company boosted their price target 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. Six analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $254.73.

Insider Buying and Selling

In related news, CFO Richard C. Puccio, Jr. sold 4,000 shares of Analog Devices stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $209.19, for a total value of $836,760.00. Following the completion of the sale, the chief financial officer now owns 49,916 shares in the company, valued at approximately $10,441,928.04. This trade represents a 7.42 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Vivek Jain sold 12,684 shares of the firm's stock in a transaction on 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 transaction, the executive vice president now owns 43,175 shares of the company's stock, valued at approximately $9,066,750. This represents a 22.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 26,684 shares of company stock valued at $5,591,600. 0.33% of the stock is currently owned by insiders.

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.