Analog Devices, Inc. (NASDAQ:ADI) Shares Sold by OneDigital Investment Advisors LLC

OneDigital Investment Advisors LLC reduced its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 34.4% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 7,240 shares of the semiconductor company's stock after selling 3,801 shares during the period. OneDigital Investment Advisors LLC's holdings in Analog Devices were worth $1,538,000 as of its most recent filing with the SEC.

Other institutional investors also recently bought and sold shares of the company. Mainstream Capital Management LLC acquired a new position in shares of Analog Devices during the fourth quarter worth about $30,000. Hopwood Financial Services Inc. purchased a new position in shares of Analog Devices during the 4th quarter worth approximately $30,000. Cassady Schiller Wealth Management LLC lifted its holdings 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 valued at $30,000 after buying an additional 55 shares during the period. Financial Life Planners purchased a new stake in shares of Analog Devices in the fourth quarter valued at approximately $33,000. Finally, Kestra Investment Management LLC acquired a new position in Analog Devices during the fourth quarter worth $41,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, EVP Vivek Jain sold 12,684 shares of the business's stock in a transaction that occurred on Monday, March 24th. The stock was sold at an average price of $210.00, for a total transaction of $2,663,640.00. Following the transaction, the executive vice president now directly owns 43,175 shares of the company's stock, valued at approximately $9,066,750. The trade was a 22.71 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Ray Stata sold 3,125 shares of the firm's stock in a transaction on Tuesday, April 15th. The shares were sold at an average price of $180.21, for a total transaction of $563,156.25. Following the sale, the director now directly owns 186,321 shares of the company's stock, valued at approximately $33,576,907.41. The trade was a 1.65 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 29,809 shares of company stock valued at $6,154,756 in the last three months. Corporate insiders own 0.33% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on ADI shares. Benchmark boosted their target price on shares of Analog Devices from $245.00 to $275.00 and gave the stock a "buy" rating in a research report on Thursday, February 20th. Needham & Company LLC reissued a "hold" rating on shares of Analog Devices in a report on Thursday, February 20th. Morgan Stanley set a $214.00 target price on shares of Analog Devices in a report on Monday, April 21st. Maxim Group began coverage on Analog Devices in a research note on Friday, February 14th. They set a "buy" rating on the stock. Finally, Oppenheimer reaffirmed an "outperform" rating and issued a $270.00 price objective (up from $245.00) on shares of Analog Devices in a research note on Thursday, February 20th. Six research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. Based on data from MarketBeat, Analog Devices has a consensus rating of "Moderate Buy" and an average price target of $250.43.

Analog Devices Trading Down 0.4 %

Shares of ADI stock traded down $0.87 during trading hours on Monday, hitting $193.72. 3,400,777 shares of the company were exchanged, compared to its average volume of 3,459,521. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $247.10. The firm has a fifty day moving average of $203.25 and a 200 day moving average of $212.60. The firm has a market cap of $96.08 billion, a PE ratio of 61.69, a PEG ratio of 2.85 and a beta of 1.06. The company has a quick ratio of 1.43, a current ratio of 1.93 and a debt-to-equity ratio of 0.19.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings results on Wednesday, February 19th. The semiconductor company reported $1.63 earnings per share for the quarter, beating analysts' consensus estimates of $1.54 by $0.09. The company 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%. Analog Devices's revenue for the quarter was down 3.6% on a year-over-year basis. During the same quarter last year, the business earned $1.73 EPS. Analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices announced that its board has initiated a stock repurchase program on Tuesday, February 18th that allows the company to buyback $10.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to repurchase up to 9.2% of its stock through open market purchases. Stock buyback programs are generally a sign 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. Shareholders of record on Tuesday, March 4th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Tuesday, March 4th. This is a positive change from Analog Devices's previous quarterly dividend of $0.92. This represents a $3.96 annualized dividend and a yield of 2.04%. Analog Devices's dividend payout ratio is currently 126.11%.

About Analog Devices

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.