Analog Devices, Inc. (NASDAQ:ADI) Stake Raised by Vestmark Advisory Solutions Inc.

Vestmark Advisory Solutions Inc. lifted its stake in Analog Devices, Inc. (NASDAQ:ADI) by 5.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 3,173 shares of the semiconductor company’s stock after acquiring an additional 167 shares during the quarter. Vestmark Advisory Solutions Inc.’s holdings in Analog Devices were worth $630,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors have also made changes to their positions in the company. Royal Fund Management LLC increased its stake in shares of Analog Devices by 5.4% in the fourth quarter. Royal Fund Management LLC now owns 6,822 shares of the semiconductor company’s stock valued at $1,357,000 after buying an additional 348 shares in the last quarter. AJOVista LLC bought a new stake in shares of Analog Devices during the 4th quarter worth approximately $132,000. Ifrah Financial Services Inc. acquired a new position in shares of Analog Devices during the 4th quarter worth approximately $201,000. Legacy Financial Advisors Inc. grew its stake in shares of Analog Devices by 7.8% in the fourth quarter. Legacy Financial Advisors Inc. now owns 3,337 shares of the semiconductor company’s stock valued at $663,000 after acquiring an additional 241 shares in the last quarter. Finally, Knuff & Co LLC bought a new stake in Analog Devices during the fourth quarter worth about $55,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Analog Devices Price Performance

Shares of ADI stock traded up $0.96 during midday trading on Monday, reaching $200.59. 203,166 shares of the company traded hands, compared to its average volume of 3,318,144. The firm has a market cap of $99.47 billion, a PE ratio of 35.71, a price-to-earnings-growth ratio of 5.01 and a beta of 1.14. Analog Devices, Inc. has a 1-year low of $154.99 and a 1-year high of $204.20. The firm’s 50 day simple moving average is $194.27 and its two-hundred day simple moving average is $188.38. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.51 and a quick ratio of 0.98.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.71 by $0.02. Analog Devices had a return on equity of 12.76% and a net margin of 24.34%. The firm had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.50 billion. During the same quarter in the previous year, the business earned $2.75 earnings per share. The firm’s quarterly revenue was down 22.7% compared to the same quarter last year. On average, equities research analysts expect that Analog Devices, Inc. will post 5.86 EPS for the current fiscal year.

Analog Devices Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, March 5th were paid a dividend of $0.92 per share. This is an increase from Analog Devices’s previous quarterly dividend of $0.86. This represents a $3.68 dividend on an annualized basis and a yield of 1.83%. The ex-dividend date was Monday, March 4th. Analog Devices’s dividend payout ratio is presently 65.83%.

Analyst Ratings Changes

A number of research firms recently commented on ADI. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $205.00 price objective on shares of Analog Devices in a research note on Monday, March 4th. KeyCorp lifted their price objective on shares of Analog Devices from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. Morgan Stanley reissued an “overweight” rating and issued a $212.00 price target on shares of Analog Devices in a research note on Thursday, April 11th. Evercore ISI initiated coverage on shares of Analog Devices in a report on Tuesday, April 16th. They set an “outperform” rating and a $254.00 target price for the company. Finally, The Goldman Sachs Group boosted their target price on shares of Analog Devices from $191.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $208.17.

Insider Transactions at Analog Devices

In related news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $197.40, for a total transaction of $1,974,000.00. Following the transaction, the chief executive officer now directly owns 51,039 shares of the company’s stock, valued at $10,075,098.60. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $197.40, for a total transaction of $1,974,000.00. Following the completion of the sale, the chief executive officer now directly owns 51,039 shares in the company, valued at approximately $10,075,098.60. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James Champy sold 1,228 shares of the company’s stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $197.64, for a total value of $242,701.92. Following the completion of the transaction, the director now directly owns 6,371 shares in the company, valued at $1,259,164.44. The disclosure for this sale can be found here. Over the last three months, insiders sold 24,707 shares of company stock worth $4,874,613. Company insiders own 0.31% of the company’s stock.

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.