9,821 Shares in Analog Devices, Inc. (NASDAQ:ADI) Purchased by FORA Capital LLC

FORA Capital LLC purchased a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) in the fourth quarter, HoldingsChannel.com reports. The fund purchased 9,821 shares of the semiconductor company’s stock, valued at approximately $2,087,000.

Other large investors have also made changes to their positions in the company. Principal Financial Group Inc. raised its position in Analog Devices by 2.7% in the third quarter. Principal Financial Group Inc. now owns 605,596 shares of the semiconductor company’s stock valued at $139,390,000 after purchasing an additional 16,051 shares during the last quarter. Nordea Investment Management AB grew its holdings in Analog Devices by 4.5% during the 4th quarter. Nordea Investment Management AB now owns 43,967 shares of the semiconductor company’s stock worth $9,381,000 after acquiring an additional 1,893 shares during the last quarter. Fulton Bank N.A. grew its holdings in Analog Devices by 3.1% during the 4th quarter. Fulton Bank N.A. now owns 1,996 shares of the semiconductor company’s stock worth $424,000 after acquiring an additional 60 shares during the last quarter. Wealth Enhancement Advisory Services LLC raised its stake in shares of Analog Devices by 0.4% during the fourth quarter. Wealth Enhancement Advisory Services LLC now owns 271,965 shares of the semiconductor company’s stock valued at $62,599,000 after acquiring an additional 1,055 shares during the last quarter. Finally, ST Germain D J Co. Inc. lifted its holdings in shares of Analog Devices by 25.0% during the fourth quarter. ST Germain D J Co. Inc. now owns 6,361 shares of the semiconductor company’s stock worth $1,351,000 after purchasing an additional 1,274 shares during the period. Institutional investors and hedge funds own 86.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. Seaport Res Ptn upgraded Analog Devices to a “strong sell” rating in a report on Wednesday, April 30th. Benchmark boosted their price target on shares of Analog Devices from $245.00 to $275.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Truist Financial raised their price objective on shares of Analog Devices from $230.00 to $248.00 and gave the company a “hold” rating in a research note on Thursday, February 20th. JPMorgan Chase & Co. boosted their target price on shares of Analog Devices from $280.00 to $300.00 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. Finally, Stifel Nicolaus dropped their price target on shares of Analog Devices from $275.00 to $225.00 and set a “buy” rating on the stock in a research report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $250.43.

Insider Transactions at Analog Devices

In related news, EVP Vivek Jain sold 12,684 shares of the company’s stock in a transaction on Monday, March 24th. The stock was 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. This represents a 22.71 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $209.12, for a total transaction of $2,091,200.00. Following the completion of the sale, the chief executive officer now owns 64,918 shares in the company, valued at $13,575,652.16. The trade was a 13.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 42,934 shares of company stock valued at $8,735,156 in the last quarter. 0.33% of the stock is currently owned by corporate insiders.

Analog Devices Stock Performance

Shares of Analog Devices stock opened at $202.78 on Friday. The company has a current ratio of 1.93, a quick ratio of 1.43 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $247.10. The stock’s fifty day moving average price is $196.41 and its 200-day moving average price is $210.81. The firm has a market cap of $100.57 billion, a P/E ratio of 64.58, a P/E/G ratio of 2.85 and a beta of 0.98.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, February 19th. The semiconductor company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates 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 revenue was down 3.6% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.73 earnings per share. On average, equities research analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, March 4th were paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 1.95%. 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 payout ratio is 126.11%.

Analog Devices announced that its board has approved a share repurchase program on Tuesday, February 18th that authorizes the company to buyback $10.00 billion in 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 leadership believes its shares are 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.