HPM Partners LLC grew its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 2.5% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 44,382 shares of the semiconductor company’s stock after acquiring an additional 1,098 shares during the quarter. HPM Partners LLC’s holdings in Analog Devices were worth $3,951,000 as of its most recent filing with the Securities & Exchange Commission.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. BlackRock Inc. boosted its position in Analog Devices by 1.0% in the fourth quarter. BlackRock Inc. now owns 23,933,612 shares of the semiconductor company’s stock worth $2,130,809,000 after purchasing an additional 244,533 shares during the last quarter. JPMorgan Chase & Co. lifted its holdings in Analog Devices by 1.3% during the 3rd quarter. JPMorgan Chase & Co. now owns 16,692,851 shares of the semiconductor company’s stock worth $1,429,574,000 after purchasing an additional 213,714 shares in the last quarter. Wells Fargo & Company MN lifted its holdings in Analog Devices by 0.3% during the 3rd quarter. Wells Fargo & Company MN now owns 8,742,697 shares of the semiconductor company’s stock worth $753,358,000 after purchasing an additional 25,092 shares in the last quarter. Neuberger Berman Group LLC lifted its holdings in Analog Devices by 97.4% during the 3rd quarter. Neuberger Berman Group LLC now owns 4,303,569 shares of the semiconductor company’s stock worth $370,839,000 after purchasing an additional 2,123,268 shares in the last quarter. Finally, Geode Capital Management LLC lifted its holdings in Analog Devices by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 3,988,453 shares of the semiconductor company’s stock worth $354,369,000 after purchasing an additional 111,215 shares in the last quarter. Hedge funds and other institutional investors own 88.54% of the company’s stock.
A number of analysts recently issued reports on ADI shares. Zacks Investment Research cut Analog Devices from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. BidaskClub lowered Analog Devices from a “hold” rating to a “sell” rating in a research note on Saturday, February 17th. Royal Bank of Canada restated a “buy” rating and issued a $100.00 target price on shares of Analog Devices in a research note on Thursday, January 4th. Sanford C. Bernstein upgraded Analog Devices from a “market perform” rating to an “outperform” rating and set a $105.00 target price on the stock in a research note on Tuesday, February 20th. Finally, B. Riley upped their target price on Analog Devices from $110.00 to $113.00 and gave the stock a “buy” rating in a research note on Wednesday, November 22nd. Ten analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Analog Devices currently has a consensus rating of “Buy” and a consensus target price of $100.57.
Analog Devices (NASDAQ:ADI) last issued its earnings results on Wednesday, February 28th. The semiconductor company reported $1.42 earnings per share for the quarter, beating the consensus estimate of $1.29 by $0.13. Analog Devices had a return on equity of 18.78% and a net margin of 13.80%. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the prior year, the business posted $0.94 EPS. Analog Devices’s quarterly revenue was up 54.4% compared to the same quarter last year. research analysts anticipate that Analog Devices, Inc. will post 5.57 EPS for the current fiscal year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Friday, March 9th will be issued a $0.48 dividend. The ex-dividend date is Thursday, March 8th. This represents a $1.92 annualized dividend and a yield of 2.04%. This is a boost from Analog Devices’s previous quarterly dividend of $0.45. Analog Devices’s dividend payout ratio (DPR) is 91.87%.
In other news, Director Ray Stata sold 10,000 shares of the firm’s stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $90.22, for a total value of $902,200.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kenton J. Sicchitano sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, January 12th. The shares were sold at an average price of $91.45, for a total value of $685,875.00. Following the completion of the transaction, the director now owns 25,285 shares of the company’s stock, valued at approximately $2,312,313.25. The disclosure for this sale can be found here. In the last quarter, insiders sold 66,218 shares of company stock valued at $5,989,124. Company insiders own 1.10% of the company’s stock.
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About Analog Devices
Analog Devices, Inc designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits (ICs), algorithms, software, and subsystems. It offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency ICs to support cellular infrastructure.
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