94,059 Shares in Analog Devices, Inc. (NASDAQ:ADI) Acquired by GF Fund Management CO. LTD.

GF Fund Management CO. LTD. purchased a new position in Analog Devices, Inc. (NASDAQ:ADI) during the 4th quarter, HoldingsChannel reports. The firm purchased 94,059 shares of the semiconductor company’s stock, valued at approximately $19,984,000.

Several other hedge funds have also made changes to their positions in ADI. Norges Bank bought a new stake in shares of Analog Devices in the 4th quarter worth approximately $1,755,958,000. Raymond James Financial Inc. bought a new stake in shares of Analog Devices in the 4th quarter worth approximately $833,386,000. Proficio Capital Partners LLC lifted its holdings in shares of Analog Devices by 22,005.0% in the 4th quarter. Proficio Capital Partners LLC now owns 3,073,252 shares of the semiconductor company’s stock worth $652,943,000 after purchasing an additional 3,059,349 shares during the last quarter. Kovitz Investment Group Partners LLC lifted its holdings in shares of Analog Devices by 301.1% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 1,581,157 shares of the semiconductor company’s stock worth $335,933,000 after purchasing an additional 1,186,981 shares during the last quarter. Finally, Deutsche Bank AG raised its stake in Analog Devices by 71.0% during the 4th quarter. Deutsche Bank AG now owns 2,158,914 shares of the semiconductor company’s stock valued at $458,683,000 after acquiring an additional 896,694 shares in the last quarter. Institutional investors own 86.81% of the company’s stock.

Insider Activity

In other news, EVP Vivek Jain sold 12,684 shares of Analog Devices 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 transaction, the executive vice president now owns 43,175 shares in the company, valued at approximately $9,066,750. The trade was a 22.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $209.12, for a total value of $2,091,200.00. Following the transaction, the chief executive officer now owns 64,918 shares in the company, valued at $13,575,652.16. This represents a 13.35% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 42,934 shares of company stock worth $8,735,156. 0.33% of the stock is owned by corporate insiders.

Analog Devices Stock Performance

Shares of NASDAQ ADI opened at $210.47 on Friday. The company has a quick ratio of 1.43, a current ratio of 1.93 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $104.39 billion, a price-to-earnings ratio of 67.03, a PEG ratio of 2.85 and a beta of 0.98. The stock’s fifty day simple moving average is $197.66 and its 200 day simple moving average is $210.37. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $247.10.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.70 by $0.15. The business had revenue of $2.64 billion for the quarter, compared to analysts’ expectations of $2.50 billion. Analog Devices had a return on equity of 8.91% and a net margin of 16.75%. The company’s quarterly revenue was up 22.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.40 EPS. As a group, sell-side analysts forecast that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices declared that its Board of Directors has authorized a share repurchase plan on Tuesday, February 18th that allows the company to buyback $10.00 billion in outstanding shares. This buyback authorization allows the semiconductor company to buy up to 9.2% of its stock through open market purchases. Stock buyback plans are usually a sign that the company’s management believes its stock is undervalued.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be issued a dividend of $0.99 per share. The ex-dividend date of this dividend is Wednesday, June 4th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.88%. Analog Devices’s dividend payout ratio is 126.11%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ADI. Citigroup lifted their target price on Analog Devices from $235.00 to $260.00 and gave the company a “buy” rating in a research note on Monday, May 19th. UBS Group cut their target price on Analog Devices from $295.00 to $285.00 and set a “buy” rating on the stock in a research note on Friday. Benchmark cut their target price on Analog Devices from $275.00 to $260.00 and set a “buy” rating on the stock in a research note on Friday. Morgan Stanley cut their target price on Analog Devices from $214.00 to $212.00 and set an “overweight” rating on the stock in a research note on Friday. Finally, Barclays lifted their target price on Analog Devices from $170.00 to $185.00 and gave the company an “equal weight” rating in a research note on Friday. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the company. Based on data from MarketBeat.com, Analog Devices has a consensus rating of “Moderate Buy” and a consensus target price of $247.82.

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.