Xponance Inc. Raises Position in Analog Devices, Inc. (NASDAQ:ADI)

Xponance Inc. raised its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 6.0% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 64,790 shares of the semiconductor company’s stock after purchasing an additional 3,650 shares during the period. Xponance Inc.’s holdings in Analog Devices were worth $12,865,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. AIA Group Ltd raised its holdings in shares of Analog Devices by 85.2% in the fourth quarter. AIA Group Ltd now owns 22,384 shares of the semiconductor company’s stock worth $4,445,000 after buying an additional 10,299 shares during the period. Cambridge Trust Co. raised its holdings in shares of Analog Devices by 92.5% in the fourth quarter. Cambridge Trust Co. now owns 39,028 shares of the semiconductor company’s stock worth $7,749,000 after buying an additional 18,749 shares during the period. NBW Capital LLC raised its holdings in shares of Analog Devices by 0.9% in the fourth quarter. NBW Capital LLC now owns 43,931 shares of the semiconductor company’s stock worth $8,723,000 after buying an additional 392 shares during the period. HF Advisory Group LLC raised its holdings in shares of Analog Devices by 42.6% in the fourth quarter. HF Advisory Group LLC now owns 2,610 shares of the semiconductor company’s stock worth $518,000 after buying an additional 780 shares during the period. Finally, Daiwa Securities Group Inc. raised its holdings in shares of Analog Devices by 4.7% in the fourth quarter. Daiwa Securities Group Inc. now owns 100,451 shares of the semiconductor company’s stock worth $19,946,000 after buying an additional 4,516 shares during the period. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Analog Devices Stock Performance

ADI stock traded down $0.34 during midday trading on Friday, reaching $187.24. The stock had a trading volume of 288,366 shares, compared to its average volume of 3,294,239. The stock has a market cap of $92.85 billion, a PE ratio of 33.39, a P/E/G ratio of 4.75 and a beta of 1.17. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.98 and a current ratio of 1.51. The firm has a fifty day simple moving average of $193.05 and a two-hundred day simple moving average of $186.47. Analog Devices, Inc. has a 52-week low of $154.99 and a 52-week high of $204.20.

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

Analog Devices Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, March 5th were paid a dividend of $0.92 per share. The ex-dividend date of this dividend was Monday, March 4th. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.97%. This is a positive change from Analog Devices’s previous quarterly dividend of $0.86. Analog Devices’s dividend payout ratio (DPR) is presently 65.83%.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, EVP Vivek Jain sold 3,479 shares of Analog Devices stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $197.56, for a total transaction of $687,311.24. Following the completion of the transaction, the executive vice president now owns 5,745 shares in the company, valued at approximately $1,134,982.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $192.11, for a total value of $1,921,100.00. Following the completion of the transaction, the chief executive officer now owns 5,713 shares in the company, valued at approximately $1,097,524.43. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, EVP Vivek Jain sold 3,479 shares of Analog Devices stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $197.56, for a total value of $687,311.24. Following the completion of the transaction, the executive vice president now owns 5,745 shares of the company’s stock, valued at approximately $1,134,982.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 24,707 shares of company stock worth $4,825,113. Insiders own 0.31% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on the company. Edward Jones raised Analog Devices from a “hold” rating to a “buy” rating in a research note on Friday, December 22nd. Sanford C. Bernstein cut Analog Devices from an “outperform” rating to a “market perform” rating and set a $200.00 price objective on the stock. in a research note on Thursday, January 4th. Morgan Stanley reissued an “overweight” rating and issued a $212.00 price objective on shares of Analog Devices in a research note on Thursday, April 11th. Evercore ISI assumed coverage on Analog Devices in a research note on Tuesday. They issued an “outperform” rating and a $254.00 price objective on the stock. Finally, Barclays increased their price objective on Analog Devices from $180.00 to $185.00 and gave the stock an “equal weight” rating in a research note on Tuesday, January 16th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $208.17.

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.