Snyder Capital Management L P Sells 18,051 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Snyder Capital Management L P decreased its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 6.2% in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 273,296 shares of the semiconductor company's stock after selling 18,051 shares during the quarter. Analog Devices accounts for about 1.2% of Snyder Capital Management L P's portfolio, making the stock its 29th largest holding. Snyder Capital Management L P owned approximately 0.06% of Analog Devices worth $58,064,000 at the end of the most recent quarter.

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

Insider Activity

In other Analog Devices news, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $180.21, for a total transaction of $563,156.25. Following the completion of the transaction, the director now owns 186,321 shares of the company's stock, valued at $33,576,907.41. The trade was a 1.65 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, EVP Vivek Jain sold 12,684 shares of Analog Devices 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 transaction, the executive vice president now directly owns 43,175 shares of the company's stock, valued at $9,066,750. The trade was a 22.71 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 29,809 shares of company stock valued at $6,154,756 over the last three months. Corporate insiders own 0.33% of the company's stock.

Analog Devices Stock Down 0.4 %

ADI traded down $0.87 during midday trading on Monday, reaching $193.72. 3,400,777 shares of the company were exchanged, compared to its average volume of 3,459,521. The company has a market cap of $96.08 billion, a price-to-earnings ratio of 61.69, a price-to-earnings-growth ratio of 2.85 and a beta of 1.06. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.43 and a current ratio of 1.93. The company's fifty day moving average price is $203.25 and its 200 day moving average price is $212.60. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $247.10.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its earnings results on Wednesday, February 19th. The semiconductor company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.09. The company had revenue of $2.42 billion during 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%. Analog Devices's quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the prior year, the company posted $1.73 earnings per share. As a group, analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices declared that its board has authorized a share buyback plan on Tuesday, February 18th that authorizes the company to buyback $10.00 billion in shares. This buyback authorization authorizes the semiconductor company to buy up to 9.2% of its shares through open market purchases. Shares buyback plans are often a sign that the company's leadership believes its shares are undervalued.

Analog Devices Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Stockholders of record on Tuesday, March 4th were issued a $0.99 dividend. 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 dividend yield of 2.04%. Analog Devices's dividend payout ratio is currently 126.11%.

Analyst Upgrades and Downgrades

Several research firms recently weighed in on ADI. Williams Trading set a $245.00 price objective on Analog Devices in a research note on Friday, February 14th. UBS Group raised their price target on shares of Analog Devices from $275.00 to $300.00 and gave the company a "buy" rating in a research note on Thursday, February 20th. Oppenheimer reiterated an "outperform" rating and set a $270.00 price objective (up from $245.00) on shares of Analog Devices in a research report on Thursday, February 20th. Needham & Company LLC restated a "hold" rating on shares of Analog Devices in a research report on Thursday, February 20th. Finally, Maxim Group assumed coverage on shares of Analog Devices in a report on Friday, February 14th. They set a "buy" rating for the company. Six research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company's stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $250.43.

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.