O Shaughnessy Asset Management LLC Purchases 4,596 Shares of Analog Devices, Inc. (NASDAQ:ADI)

O Shaughnessy Asset Management LLC boosted its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 11.0% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 46,339 shares of the semiconductor company's stock after buying an additional 4,596 shares during the period. O Shaughnessy Asset Management LLC's holdings in Analog Devices were worth $9,845,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Mainstream Capital Management LLC acquired a new position in shares of Analog Devices during the fourth quarter valued at $30,000. Hopwood Financial Services Inc. bought a new stake in shares of Analog Devices during the 4th quarter worth about $30,000. Cassady Schiller Wealth Management LLC lifted its stake in shares of Analog Devices by 63.2% in the 4th quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company's stock worth $30,000 after acquiring an additional 55 shares during the period. Financial Life Planners bought a new position in shares of Analog Devices in the fourth quarter valued at approximately $33,000. Finally, Kestra Investment Management LLC acquired a new position in shares of Analog Devices during the fourth quarter valued at approximately $41,000. 86.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CFO Richard C. Puccio, Jr. sold 4,000 shares of the company's stock in a transaction dated Wednesday, March 19th. The stock was sold at an average price of $209.19, for a total transaction 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 represents a 7.42 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, EVP Vivek Jain sold 12,684 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $210.00, for a total value of $2,663,640.00. Following the completion of the transaction, the executive vice president now directly owns 43,175 shares in the company, valued at $9,066,750. The trade was a 22.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 26,684 shares of company stock worth $5,591,600. Insiders own 0.33% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ADI. 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, February 20th. Morgan Stanley upped their price target on shares of Analog Devices from $248.00 to $250.00 and gave the company an "overweight" rating in a report on Thursday, February 20th. Lake Street Capital started coverage on shares of Analog Devices in a research note on Friday, February 14th. They issued a "buy" rating on the stock. Barclays reduced their target price on shares of Analog Devices from $250.00 to $210.00 and set an "equal weight" rating for the company in a report on Friday, January 17th. Finally, Benchmark upped 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. Six equities research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $255.41.

Analog Devices Stock Down 9.0 %

Analog Devices stock traded down $16.28 during trading hours on Friday, hitting $164.60. The company had a trading volume of 9,622,216 shares, compared to its average volume of 3,342,913. Analog Devices, Inc. has a fifty-two week low of $164.14 and a fifty-two week high of $247.10. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.93 and a quick ratio of 1.43. The firm has a market capitalization of $81.64 billion, a P/E ratio of 52.42, a price-to-earnings-growth ratio of 2.85 and a beta of 1.06. The firm's fifty day moving average is $213.22 and its 200-day moving average is $218.31.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 19th. The semiconductor company reported $1.63 earnings per share for the quarter, topping analysts' consensus estimates of $1.54 by $0.09. The business had revenue of $2.42 billion for 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%. Analog Devices's revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.73 earnings per share. On average, research analysts forecast that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices declared that its Board of Directors has approved a stock repurchase plan on Tuesday, February 18th that authorizes the company to buyback $10.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to reacquire up to 9.2% of its stock through open market purchases. Stock buyback plans are usually an indication that the company's leadership believes its stock is 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 paid a $0.99 dividend. This is a boost 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 annualized dividend and a dividend yield of 2.41%. 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.