Osterweis Capital Management Inc. Has $26.92 Million Stock Position in Analog Devices, Inc. (NASDAQ:ADI)

Osterweis Capital Management Inc. increased its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 1.4% in the 4th quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 126,691 shares of the semiconductor company's stock after acquiring an additional 1,784 shares during the quarter. Osterweis Capital Management Inc.'s holdings in Analog Devices were worth $26,917,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. Invst LLC grew its stake in Analog Devices by 7.7% during the 3rd quarter. Invst LLC now owns 974 shares of the semiconductor company's stock worth $224,000 after purchasing an additional 70 shares in the last quarter. SkyView Investment Advisors LLC increased its position in shares of Analog Devices by 4.1% in the 3rd quarter. SkyView Investment Advisors LLC now owns 3,261 shares of the semiconductor company's stock valued at $751,000 after purchasing an additional 128 shares during the last quarter. Anchor Investment Management LLC lifted its position in shares of Analog Devices by 33.2% during the 3rd quarter. Anchor Investment Management LLC now owns 2,485 shares of the semiconductor company's stock worth $572,000 after purchasing an additional 619 shares during the last quarter. Pine Valley Investments Ltd Liability Co increased its holdings in Analog Devices by 0.9% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 7,680 shares of the semiconductor company's stock valued at $1,768,000 after buying an additional 65 shares during the last quarter. Finally, World Investment Advisors LLC lifted its holdings in Analog Devices by 4,581.5% during the 3rd quarter. World Investment Advisors LLC now owns 42,180 shares of the semiconductor company's stock worth $9,709,000 after buying an additional 41,279 shares during the last quarter. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several brokerages have recently issued reports on ADI. UBS Group upped their target price on shares of Analog Devices from $275.00 to $300.00 and gave the company a "buy" rating in a report on Thursday, February 20th. Morgan Stanley boosted their target price on Analog Devices from $248.00 to $250.00 and gave the company an "overweight" rating in a report on Thursday, February 20th. Benchmark raised their target price on shares of Analog Devices from $245.00 to $275.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. Williams Trading set a $245.00 price objective on Analog Devices in a report on Friday, February 14th. Finally, Truist Financial raised their target price on Analog Devices from $230.00 to $248.00 and gave the company a "hold" rating in a report on Thursday, February 20th. Six research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $252.14.

Insider Activity at Analog Devices

In other Analog Devices news, Director Ray Stata sold 3,125 shares of the company's stock in a transaction on Tuesday, April 15th. The stock was sold at an average price of $180.21, for a total transaction of $563,156.25. Following the transaction, the director now owns 186,321 shares of the company's stock, valued at approximately $33,576,907.41. This represents a 1.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Vivek Jain sold 12,684 shares of the firm's stock in a transaction dated 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 owns 43,175 shares in the company, valued at approximately $9,066,750. This represents a 22.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 29,809 shares of company stock valued at $6,154,756 over the last quarter. 0.33% of the stock is owned by company insiders.

Analog Devices Stock Up 1.9 %

Analog Devices stock traded up $3.40 during mid-day trading on Tuesday, hitting $178.39. The company's stock had a trading volume of 1,052,146 shares, compared to its average volume of 3,451,970. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.93 and a quick ratio of 1.43. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $247.10. The firm's 50 day moving average is $205.40 and its 200 day moving average is $213.78. The company has a market cap of $88.48 billion, a PE ratio of 56.86, a price-to-earnings-growth ratio of 2.85 and a beta of 1.06.

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

Analog Devices Increases Dividend

The company also recently disclosed 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. This represents a $3.96 annualized dividend and a dividend yield of 2.22%. The ex-dividend date was Tuesday, March 4th. This is a positive change from Analog Devices's previous quarterly dividend of $0.92. Analog Devices's dividend payout ratio (DPR) is presently 126.11%.

Analog Devices declared that its board 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 buy up to 9.2% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its shares are 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.