Quantinno Capital Management LP Raises Stock Position in Analog Devices, Inc. (NASDAQ:ADI)

Quantinno Capital Management LP grew its position in Analog Devices, Inc. (NASDAQ:ADI) by 31.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 105,196 shares of the semiconductor company’s stock after buying an additional 25,447 shares during the quarter. Quantinno Capital Management LP’s holdings in Analog Devices were worth $22,350,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Mainstream Capital Management LLC bought a new position in Analog Devices in the fourth quarter worth approximately $30,000. Hopwood Financial Services Inc. purchased a new stake in shares of Analog Devices during the 4th quarter worth $30,000. Cassady Schiller Wealth Management LLC boosted its position in Analog Devices by 63.2% during the fourth quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company’s stock valued at $30,000 after purchasing an additional 55 shares in the last quarter. Financial Life Planners bought a new position in Analog Devices in the fourth quarter worth about $33,000. Finally, Kestra Investment Management LLC acquired a new position in shares of Analog Devices during the fourth quarter worth $41,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Insider Activity

In other news, CFO Richard C. Puccio, Jr. sold 4,000 shares of the company’s stock in a transaction dated Wednesday, March 19th. The shares were sold at an average price of $209.19, for a total value of $836,760.00. Following the sale, the chief financial officer now owns 49,916 shares in the company, valued at approximately $10,441,928.04. This represents a 7.42% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ray Stata sold 3,125 shares of the stock in a transaction dated Tuesday, April 15th. The stock was sold at an average price of $180.21, for a total transaction of $563,156.25. Following the transaction, the director now directly owns 186,321 shares in the company, valued at $33,576,907.41. The trade was a 1.65% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 42,934 shares of company stock worth $8,735,156. 0.33% of the stock is currently owned by company insiders.

Analog Devices Stock Performance

Analog Devices stock opened at $226.68 on Wednesday. The company has a market cap of $112.43 billion, a price-to-earnings ratio of 72.19, a price-to-earnings-growth ratio of 2.85 and a beta of 0.98. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month 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 stock’s 50-day moving average is $195.99 and its 200-day moving average is $210.52.

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

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

Analog Devices Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, March 4th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 1.75%. The ex-dividend date of this dividend was Tuesday, March 4th. This is a boost from Analog Devices’s previous quarterly dividend of $0.92. Analog Devices’s dividend payout ratio is currently 126.11%.

Wall Street Analysts Forecast Growth

A number of research analysts have issued reports on ADI shares. Seaport Res Ptn upgraded shares of Analog Devices to a “strong sell” rating in a research note on Wednesday, April 30th. Morgan Stanley set a $214.00 target price on Analog Devices in a research report on Monday, April 21st. Citigroup reduced their price target on shares of Analog Devices from $265.00 to $235.00 and set a “buy” rating for the company in a research report on Friday, April 11th. Williams Trading set a $245.00 price objective on shares of Analog Devices in a research note on Friday, February 14th. Finally, Stifel Nicolaus lowered their price target on shares of Analog Devices from $275.00 to $225.00 and set a “buy” rating on the stock in a report on Thursday, April 17th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $250.20.

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.