DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main Has $18.11 Million Position in Analog Devices, Inc. (NASDAQ:ADI)

DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main cut its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 21.1% in the fourth quarter, Holdings Channel reports. The fund owned 85,230 shares of the semiconductor company’s stock after selling 22,783 shares during the period. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main’s holdings in Analog Devices were worth $18,108,000 at the end of the most recent reporting period.

Other large investors have also made changes to their positions in the company. Colonial Trust Co SC boosted its position in Analog Devices by 2.7% in the fourth quarter. Colonial Trust Co SC now owns 4,569 shares of the semiconductor company’s stock valued at $971,000 after buying an additional 118 shares in the last quarter. Cetera Investment Advisers boosted its holdings in shares of Analog Devices by 2.1% in the 4th quarter. Cetera Investment Advisers now owns 93,958 shares of the semiconductor company’s stock worth $19,962,000 after acquiring an additional 1,914 shares in the last quarter. BOKF NA grew its position in Analog Devices by 1.5% during the 4th quarter. BOKF NA now owns 5,398 shares of the semiconductor company’s stock worth $1,146,000 after acquiring an additional 82 shares during the last quarter. Bramshill Investments LLC increased its holdings in Analog Devices by 166.7% during the 4th quarter. Bramshill Investments LLC now owns 4,000 shares of the semiconductor company’s stock valued at $850,000 after purchasing an additional 2,500 shares in the last quarter. Finally, Captrust Financial Advisors raised its position in Analog Devices by 19.9% in the 4th quarter. Captrust Financial Advisors now owns 30,786 shares of the semiconductor company’s stock valued at $6,541,000 after purchasing an additional 5,116 shares during the last quarter. Institutional investors own 86.81% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. Benchmark lifted their price target on Analog Devices from $245.00 to $275.00 and gave the company a “buy” rating in a report on Thursday, February 20th. Needham & Company LLC reiterated a “hold” rating on shares of Analog Devices in a research report on Thursday, February 20th. Stifel Nicolaus lowered their price target on shares of Analog Devices from $275.00 to $225.00 and set a “buy” rating for the company in a report on Thursday, April 17th. Oppenheimer reaffirmed an “outperform” rating and set a $270.00 price objective (up previously from $245.00) on shares of Analog Devices in a report on Thursday, February 20th. Finally, Morgan Stanley set a $214.00 price objective on Analog Devices in a research report on Monday, April 21st. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $250.43.

Analog Devices Stock Up 1.5 %

Shares of Analog Devices stock opened at $202.78 on Friday. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $247.10. 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 company has a market capitalization of $100.57 billion, a P/E ratio of 64.58, a price-to-earnings-growth ratio of 2.85 and a beta of 0.98. The business has a 50-day moving average of $196.41 and a two-hundred day moving average of $210.81.

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

Analog Devices Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, March 4th were paid a $0.99 dividend. This is an increase from Analog Devices’s previous quarterly dividend of $0.92. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.96 annualized dividend and a dividend yield of 1.95%. Analog Devices’s dividend payout ratio (DPR) is currently 126.11%.

Analog Devices announced that its Board of Directors has initiated a share repurchase program on Tuesday, February 18th that authorizes the company to buyback $10.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to reacquire up to 9.2% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s leadership believes its stock is undervalued.

Insider Activity

In other news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $196.84, for a total transaction of $1,968,400.00. Following the completion of the transaction, the chief executive officer now directly owns 142,996 shares in the company, valued at $28,147,332.64. This represents a 6.54 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $180.21, for a total value of $563,156.25. Following the completion of the sale, the director now directly owns 186,321 shares in the company, valued at approximately $33,576,907.41. This represents a 1.65 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,934 shares of company stock worth $8,735,156 over the last three months. Corporate insiders own 0.33% of the company’s stock.

About Analog Devices

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.