Foster Dykema Cabot & Partners LLC Has $168,000 Stake in Analog Devices, Inc. (NASDAQ:ADI)

Foster Dykema Cabot & Partners LLC decreased its position in Analog Devices, Inc. (NASDAQ:ADI) by 8.1% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 791 shares of the semiconductor company’s stock after selling 70 shares during the quarter. Foster Dykema Cabot & Partners LLC’s holdings in Analog Devices were worth $168,000 as of its most recent SEC filing.

Several other institutional investors have also recently bought and sold shares of the company. Invst LLC grew its stake in shares of Analog Devices by 7.7% in the third quarter. Invst LLC now owns 974 shares of the semiconductor company’s stock worth $224,000 after acquiring an additional 70 shares during the last quarter. SkyView Investment Advisors LLC increased its holdings in shares of Analog Devices by 4.1% during the 3rd quarter. SkyView Investment Advisors LLC now owns 3,261 shares of the semiconductor company’s stock worth $751,000 after purchasing an additional 128 shares during the period. Anchor Investment Management LLC raised its position in shares of Analog Devices by 33.2% during the third quarter. Anchor Investment Management LLC now owns 2,485 shares of the semiconductor company’s stock valued at $572,000 after buying an additional 619 shares during the last quarter. Pine Valley Investments Ltd Liability Co lifted its stake in shares of Analog Devices by 0.9% in the third quarter. Pine Valley Investments Ltd Liability Co now owns 7,680 shares of the semiconductor company’s stock valued at $1,768,000 after buying an additional 65 shares during the period. Finally, World Investment Advisors LLC grew its position in Analog Devices by 4,581.5% during the third quarter. World Investment Advisors LLC now owns 42,180 shares of the semiconductor company’s stock worth $9,709,000 after buying an additional 41,279 shares in the last quarter. Institutional investors own 86.81% of the company’s stock.

Insiders Place Their Bets

In related news, CFO Richard C. Puccio, Jr. sold 4,000 shares of the business’s stock in a transaction that occurred on Wednesday, March 19th. The shares were sold at an average price of $209.19, for a total transaction of $836,760.00. Following the completion of the transaction, the chief financial officer now owns 49,916 shares in the company, valued at approximately $10,441,928.04. The trade was a 7.42 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, EVP Vivek Jain sold 12,684 shares of the stock in a transaction on Monday, March 24th. The stock was sold at an average price of $210.00, for a total transaction of $2,663,640.00. Following the completion of the sale, the executive vice president now owns 43,175 shares in the company, valued at approximately $9,066,750. This trade represents a 22.71 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 26,684 shares of company stock valued at $5,591,600. Company insiders own 0.33% of the company’s stock.

Analog Devices Stock Down 2.0 %

Shares of ADI opened at $175.93 on Thursday. The firm has a market capitalization of $87.26 billion, a price-to-earnings ratio of 56.03, a PEG ratio of 2.85 and a beta of 1.06. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week 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. The business’s fifty day moving average price is $207.12 and its two-hundred day moving average price is $215.03.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, February 19th. The semiconductor company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.09. The firm had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Analog Devices had a return on equity of 8.91% and a net margin of 16.75%. The company’s quarterly revenue was down 3.6% compared to the same quarter last year. During the same period in the previous year, the business posted $1.73 EPS. On average, analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices declared that its board has authorized a stock buyback program on Tuesday, February 18th that allows the company to buyback $10.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to purchase up to 9.2% of its stock through open market purchases. Stock buyback programs are typically an indication that the company’s management believes its stock is undervalued.

Analog Devices Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, March 4th were paid a $0.99 dividend. The ex-dividend date was Tuesday, March 4th. This is a boost from Analog Devices’s previous quarterly dividend of $0.92. This represents a $3.96 dividend on an annualized basis and a yield of 2.25%. Analog Devices’s dividend payout ratio (DPR) is presently 126.11%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ADI. Benchmark raised their price objective on Analog Devices from $245.00 to $275.00 and gave the stock a “buy” rating in a research report on Thursday, February 20th. Maxim Group began coverage on shares of Analog Devices in a research note on Friday, February 14th. They set a “buy” rating on the stock. JPMorgan Chase & Co. boosted their price target on shares of Analog Devices from $280.00 to $300.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. Citigroup reduced their price objective on shares of Analog Devices from $265.00 to $235.00 and set a “buy” rating for the company in a report on Friday, April 11th. Finally, Oppenheimer reissued an “outperform” rating and issued a $270.00 price target (up previously from $245.00) on shares of Analog Devices in a research report on Thursday, February 20th. Six research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, Analog Devices has a consensus rating of “Moderate Buy” and an average price target of $254.76.

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.