United Capital Financial Advisors LLC Has $12.47 Million Stake in Analog Devices, Inc. (NASDAQ:ADI)

United Capital Financial Advisors LLC increased its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 38.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 58,709 shares of the semiconductor company's stock after purchasing an additional 16,254 shares during the period. United Capital Financial Advisors LLC's holdings in Analog Devices were worth $12,473,000 at the end of the most recent quarter.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Norges Bank acquired a new stake in Analog Devices during the fourth quarter valued at approximately $1,755,958,000. Raymond James Financial Inc. acquired a new stake in shares of Analog Devices during the 4th quarter valued at $833,386,000. Proficio Capital Partners LLC lifted its position in shares of Analog Devices by 22,005.0% during the 4th quarter. Proficio Capital Partners LLC now owns 3,073,252 shares of the semiconductor company's stock valued at $652,943,000 after acquiring an additional 3,059,349 shares during the last quarter. Franklin Resources Inc. boosted its stake in shares of Analog Devices by 14.9% during the 3rd quarter. Franklin Resources Inc. now owns 9,176,877 shares of the semiconductor company's stock worth $2,169,689,000 after acquiring an additional 1,189,940 shares in the last quarter. Finally, Madison Investment Advisors LLC acquired a new position in shares of Analog Devices in the 4th quarter worth $111,470,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, Director Ray Stata sold 3,125 shares of the company'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 completion of the transaction, the director now directly owns 186,321 shares in the company, valued at $33,576,907.41. This represents a 1.65 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available 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 transaction of $2,663,640.00. Following the completion of the sale, the executive vice president now owns 43,175 shares in the company, valued at $9,066,750. This represents a 22.71 % decrease in their ownership of the stock. 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 in the last quarter. Insiders own 0.33% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ADI shares. Barclays decreased their price target on Analog Devices from $250.00 to $210.00 and set an "equal weight" rating for the company in a research report on Friday, January 17th. Lake Street Capital assumed coverage on shares of Analog Devices in a research report on Friday, February 14th. They issued a "buy" rating on the stock. Maxim Group began coverage on shares of Analog Devices in a report on Friday, February 14th. They set a "buy" rating on the stock. 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. Finally, Stifel Nicolaus decreased their target price on Analog Devices from $275.00 to $225.00 and set a "buy" rating for the company in a research report on Thursday. Six equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, Analog Devices has an average rating of "Moderate Buy" and a consensus price target of $254.05.

Analog Devices Stock Down 2.3 %

Shares of NASDAQ ADI traded down $4.11 during mid-day trading on Monday, reaching $172.16. 468,149 shares of the company traded hands, compared to its average volume of 4,149,563. The company's fifty day moving average is $206.00 and its two-hundred day moving average is $214.15. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.43 and a current ratio of 1.93. 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 cap of $85.39 billion, a PE ratio of 54.83, a price-to-earnings-growth ratio of 2.85 and a beta of 1.06.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced 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. Analog Devices had a return on equity of 8.91% and a net margin of 16.75%. The company had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter last year, the company posted $1.73 earnings per share. The company's revenue for the quarter was down 3.6% compared to the same quarter last year. On average, analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices announced 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 reacquire up to 9.2% of its stock through open market purchases. Stock repurchase plans are usually an indication that the company's board believes its shares are undervalued.

Analog Devices Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, March 4th were issued a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 2.30%. The ex-dividend date was Tuesday, March 4th. This is an increase from Analog Devices's previous quarterly dividend of $0.92. Analog Devices's dividend payout ratio (DPR) is 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.