Analog Devices, Inc. (NASDAQ:ADI) Shares Bought by Vinva Investment Management Ltd

Vinva Investment Management Ltd lifted its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 55.9% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 20,992 shares of the semiconductor company's stock after buying an additional 7,529 shares during the period. Vinva Investment Management Ltd's holdings in Analog Devices were worth $4,462,000 at the end of the most recent reporting period.

Other hedge funds have also recently made changes to their positions in the company. Mainstream Capital Management LLC bought a new stake in Analog Devices in the fourth quarter worth $30,000. Hopwood Financial Services Inc. purchased a new stake in shares of Analog Devices in the fourth quarter valued at $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 worth $30,000 after acquiring an additional 55 shares during the last quarter. Financial Life Planners bought a new stake in shares of Analog Devices in the 4th quarter worth about $33,000. Finally, Kestra Investment Management LLC purchased a new position in shares of Analog Devices during the 4th quarter worth about $41,000. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Analog Devices Stock Up 3.9 %

ADI traded up $7.94 on Monday, hitting $212.34. The company had a trading volume of 3,457,578 shares, compared to its average volume of 3,112,188. The stock has a market capitalization of $105.32 billion, a price-to-earnings ratio of 67.62, a P/E/G ratio of 2.85 and a beta of 1.07. 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 stock has a fifty day moving average price of $217.17 and a 200-day moving average price of $219.83. Analog Devices, Inc. has a 12-month low of $182.57 and a 12-month high of $247.10.

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

Analog Devices Increases Dividend

The firm 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 1.86%. 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. Analog Devices's dividend payout ratio is currently 126.11%.

Analog Devices announced that its board has authorized a stock buyback plan on Tuesday, February 18th that permits the company to buyback $10.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to reacquire up to 9.2% of its stock through open market purchases. Stock buyback plans are generally an indication that the company's board believes its shares are undervalued.

Analysts Set New Price Targets

Several brokerages have issued reports on ADI. Benchmark raised their price objective 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. Needham & Company LLC restated a "hold" rating on shares of Analog Devices in a report on Thursday, February 20th. UBS Group upped their price objective on Analog Devices from $275.00 to $300.00 and gave the company a "buy" rating in a research report on Thursday, February 20th. Morgan Stanley lifted their target price on Analog Devices from $248.00 to $250.00 and gave the stock an "overweight" rating in a research report on Thursday, February 20th. Finally, Oppenheimer restated an "outperform" rating and issued a $270.00 price target (up from $245.00) on shares of Analog Devices in a report on Thursday, February 20th. Six investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, Analog Devices currently has a consensus rating of "Moderate Buy" and an average target price of $255.41.

Insider Transactions at Analog Devices

In related news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $209.12, for a total value of $2,091,200.00. Following the completion of the sale, the chief executive officer now directly owns 64,918 shares in the company, valued at $13,575,652.16. This trade represents a 13.35 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, CFO Richard C. Puccio, Jr. sold 4,000 shares of the business's stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $209.19, for a total transaction of $836,760.00. Following the sale, the chief financial officer now directly owns 49,916 shares in the company, valued at approximately $10,441,928.04. This represents a 7.42 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 24,000 shares of company stock valued at $5,082,860 in the last quarter. 0.33% of the stock is currently owned by corporate insiders.

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.