Exencial Wealth Advisors LLC Boosts Stock Position in Analog Devices, Inc. (NASDAQ:ADI)

Exencial Wealth Advisors LLC grew its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 174.4% during the 4th quarter, HoldingsChannel reports. The fund owned 4,868 shares of the semiconductor company’s stock after buying an additional 3,094 shares during the period. Exencial Wealth Advisors LLC’s holdings in Analog Devices were worth $1,034,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in ADI. Swedbank AB lifted its position in shares of Analog Devices by 6.7% during the third quarter. Swedbank AB now owns 2,894,109 shares of the semiconductor company’s stock worth $666,137,000 after acquiring an additional 180,870 shares in the last quarter. Impax Asset Management Group plc raised its position in shares of Analog Devices by 7.7% in the third quarter. Impax Asset Management Group plc now owns 1,536,463 shares of the semiconductor company’s stock worth $352,728,000 after buying an additional 110,448 shares in the last quarter. Catalyst Capital Advisors LLC raised its position in shares of Analog Devices by 67.0% in the third quarter. Catalyst Capital Advisors LLC now owns 795 shares of the semiconductor company’s stock worth $183,000 after buying an additional 319 shares in the last quarter. HF Advisory Group LLC raised its position in shares of Analog Devices by 10.9% in the third quarter. HF Advisory Group LLC now owns 4,430 shares of the semiconductor company’s stock worth $1,020,000 after buying an additional 436 shares in the last quarter. Finally, Catalina Capital Group LLC raised its position in shares of Analog Devices by 6.0% in the third quarter. Catalina Capital Group LLC now owns 3,125 shares of the semiconductor company’s stock worth $719,000 after buying an additional 176 shares in the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analog Devices Stock Up 1.5 %

NASDAQ ADI opened at $229.47 on Thursday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.93 and a quick ratio of 1.43. The stock has a market capitalization of $113.81 billion, a PE ratio of 73.08, a PEG ratio of 2.85 and a beta of 1.07. Analog Devices, Inc. has a 1 year low of $182.57 and a 1 year high of $247.10. The business’s 50-day moving average is $218.21 and its 200 day moving average is $221.22.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, February 19th. The semiconductor company reported $1.63 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.54 by $0.09. The company had revenue of $2.42 billion for 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%. Analog Devices’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period last year, the firm earned $1.73 earnings per share. Sell-side analysts forecast that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Tuesday, March 4th will be issued a $0.99 dividend. The ex-dividend date of this dividend is Tuesday, March 4th. This is a positive change from Analog Devices’s previous quarterly dividend of $0.92. This represents a $3.96 annualized dividend and a yield of 1.73%. Analog Devices’s dividend payout ratio (DPR) is 126.11%.

Analog Devices announced that its board has authorized a stock buyback plan on Tuesday, February 18th that permits the company to buyback $10.00 billion in outstanding shares. This buyback authorization permits the semiconductor company to repurchase up to 9.2% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the company. TD Cowen lowered their price objective on Analog Devices from $270.00 to $260.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Wells Fargo & Company increased their price objective on Analog Devices from $220.00 to $240.00 and gave the stock an “equal weight” rating in a research report on Thursday, February 20th. UBS Group increased their target price on Analog Devices from $275.00 to $300.00 and gave the company a “buy” rating in a research note on Thursday, February 20th. Maxim Group started coverage on Analog Devices in a research note on Friday, February 14th. They issued a “buy” rating on the stock. Finally, Barclays reduced their target price on Analog Devices from $250.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Six research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. Based on data from MarketBeat.com, Analog Devices presently has a consensus rating of “Moderate Buy” and an average price target of $255.41.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $215.49, for a total transaction of $2,154,900.00. Following the sale, the chief executive officer now directly owns 21,983 shares of the company’s stock, valued at approximately $4,737,116.67. The trade was a 31.27 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 0.33% 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.