Analog Devices, Inc. (NASDAQ:ADI) Shares Acquired by Flossbach Von Storch SE

Flossbach Von Storch SE grew its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 47.7% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 471,859 shares of the semiconductor company’s stock after purchasing an additional 152,401 shares during the period. Flossbach Von Storch SE’s holdings in Analog Devices were worth $100,251,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors have also modified their holdings of ADI. Capital Performance Advisors LLP purchased a new stake in shares of Analog Devices in the 3rd quarter valued at $28,000. Archer Investment Corp raised its holdings in shares of Analog Devices by 101.4% in the 3rd quarter. Archer Investment Corp now owns 145 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 73 shares during the period. Financial Life Planners purchased a new stake in shares of Analog Devices in the 4th quarter valued at $33,000. Kestra Investment Management LLC purchased a new stake in shares of Analog Devices in the 4th quarter valued at $41,000. Finally, Peterson Financial Group Inc. purchased a new stake in shares of Analog Devices in the 3rd quarter valued at $43,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Insiders Place Their Bets

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the chief executive officer now owns 21,983 shares of the company’s stock, valued at approximately $4,737,116.67. This trade represents a 31.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. 0.33% of the stock is currently owned by company insiders.

Analog Devices Stock Up 9.7 %

Analog Devices stock opened at $241.66 on Thursday. The company has a current ratio of 1.84, a quick ratio of 1.35 and a debt-to-equity ratio of 0.19. The stock has a 50 day moving average of $214.54 and a two-hundred day moving average of $219.80. The stock has a market capitalization of $119.89 billion, a price-to-earnings ratio of 73.45, a PEG ratio of 2.46 and a beta of 1.04. Analog Devices, Inc. has a twelve month low of $182.57 and a twelve month high of $244.14.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, February 19th. The semiconductor company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.09. The company had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.36 billion. Analog Devices had a return on equity of 9.01% and a net margin of 17.35%. Analog Devices’s revenue was down 3.6% compared to the same quarter last year. During the same quarter last year, the business posted $1.73 earnings per share. As a group, research analysts expect that Analog Devices, Inc. will post 7.09 earnings per share for the current year.

Analog Devices announced that its board has initiated a stock repurchase program 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 programs are typically a sign that the company’s leadership believes its shares are undervalued.

Analog Devices Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Tuesday, March 4th will be given a dividend of $0.99 per share. This is an increase from Analog Devices’s previous quarterly dividend of $0.92. The ex-dividend date of this dividend is Tuesday, March 4th. This represents a $3.96 annualized dividend and a yield of 1.64%. Analog Devices’s dividend payout ratio (DPR) is presently 111.85%.

Analyst Ratings Changes

Several research firms recently issued reports on ADI. Morgan Stanley cut their price objective on Analog Devices from $252.00 to $248.00 and set an “overweight” rating on the stock in a report on Wednesday, November 27th. Barclays cut their price objective on Analog Devices from $250.00 to $210.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Needham & Company LLC restated a “hold” rating on shares of Analog Devices in a report on Wednesday, November 27th. Benchmark started coverage on Analog Devices in a report on Friday, February 14th. They set a “buy” rating and a $245.00 price target on the stock. Finally, Piper Sandler cut their price target on Analog Devices from $235.00 to $220.00 and set a “neutral” rating on the stock in a report on Wednesday, November 27th. Seven analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $248.52.

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.