Analog Devices, Inc. (NASDAQ:ADI) Shares Acquired by Wellington Management Group LLP

Wellington Management Group LLP grew its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 67.7% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 72,698 shares of the semiconductor company's stock after purchasing an additional 29,349 shares during the quarter. Wellington Management Group LLP's holdings in Analog Devices were worth $15,445,000 as of its most recent SEC filing.

Several other hedge funds have also recently modified their holdings of the stock. Curbstone Financial Management Corp purchased a new stake in shares of Analog Devices during the fourth quarter worth $460,000. Czech National Bank boosted 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 worth $22,871,000 after acquiring an additional 6,566 shares during the last quarter. Synergy Asset Management LLC grew its stake in Analog Devices by 11.1% during the 4th quarter. Synergy Asset Management LLC now owns 25,569 shares of the semiconductor company's stock valued at $5,404,000 after acquiring an additional 2,554 shares in the last quarter. Oddo BHF Asset Management Sas purchased a new position in Analog Devices in the 3rd quarter worth approximately $20,194,000. Finally, RFG Advisory LLC grew its position in shares of Analog Devices by 3.9% in the fourth quarter. RFG Advisory LLC now owns 2,072 shares of the semiconductor company's stock valued at $440,000 after purchasing an additional 77 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have recently commented on ADI shares. Needham & Company LLC reiterated a "hold" rating on shares of Analog Devices in a report on Thursday, February 20th. Morgan Stanley raised their price objective on shares of Analog Devices from $248.00 to $250.00 and gave the company an "overweight" rating in a research note on Thursday, February 20th. Williams Trading set a $245.00 price target on shares of Analog Devices in a research report on Friday, February 14th. Oppenheimer restated an "outperform" rating and set a $270.00 target price (up from $245.00) on shares of Analog Devices in a research note on Thursday, February 20th. Finally, Barclays dropped their price objective on shares of Analog Devices from $250.00 to $210.00 and set an "equal weight" rating on the stock in a research report on Friday, January 17th. Six investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $254.73.

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Insider Transactions at Analog Devices

In related news, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction dated Wednesday, March 12th. The stock was sold at an average price of $209.12, for a total value of $2,091,200.00. Following the transaction, the chief executive officer now owns 64,918 shares in the company, valued at approximately $13,575,652.16. The trade was a 13.35 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CFO Richard C. Puccio, Jr. sold 4,000 shares of Analog Devices stock in a transaction that occurred on Wednesday, March 19th. The stock was sold at an average price of $209.19, for a total value of $836,760.00. Following the sale, the chief financial officer now owns 49,916 shares in the company, valued at $10,441,928.04. This represents a 7.42 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 26,684 shares of company stock valued at $5,591,600 over the last quarter. Company insiders own 0.33% of the company's stock.

Analog Devices Trading Up 0.4 %

Analog Devices stock traded up $0.69 during trading on Monday, reaching $179.85. The company had a trading volume of 350,285 shares, compared to its average volume of 3,433,196. The firm has a market capitalization of $89.20 billion, a price-to-earnings ratio of 57.28, a PEG ratio of 2.85 and a beta of 1.06. The stock's 50 day moving average price is $208.90 and its two-hundred day moving average price is $215.92. Analog Devices, Inc. has a 12-month low of $158.65 and a 12-month high of $247.10. 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 (NASDAQ:ADI - Get Free Report) last posted 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 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 analyst estimates of $2.36 billion. During the same quarter last year, the firm posted $1.73 earnings per share. Analog Devices's revenue for the quarter was down 3.6% compared to the same quarter last year. As a group, equities analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Increases Dividend

The business also recently disclosed 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. This represents a $3.96 dividend on an annualized basis and a dividend yield of 2.20%. The ex-dividend date was Tuesday, March 4th. This is a boost from Analog Devices's previous quarterly dividend of $0.92. Analog Devices's payout ratio is currently 126.11%.

Analog Devices declared that its Board of Directors has approved a stock repurchase program on Tuesday, February 18th that authorizes the company to buyback $10.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to reacquire up to 9.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company's board believes its stock is 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.