Generali Investments Towarzystwo Funduszy Inwestycyjnych Acquires 6,510 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Generali Investments Towarzystwo Funduszy Inwestycyjnych increased its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 27.6% during the 4th quarter, Holdings Channel.com reports. The fund owned 30,061 shares of the semiconductor company’s stock after acquiring an additional 6,510 shares during the period. Analog Devices accounts for about 3.7% of Generali Investments Towarzystwo Funduszy Inwestycyjnych’s portfolio, making the stock its 4th largest position. Generali Investments Towarzystwo Funduszy Inwestycyjnych’s holdings in Analog Devices were worth $6,387,000 as of its most recent filing with the SEC.

Several other institutional investors have also made changes to their positions in the business. Capital Performance Advisors LLP acquired a new position in Analog Devices in the third quarter valued at about $28,000. Archer Investment Corp boosted its position in Analog Devices by 101.4% in the third quarter. Archer Investment Corp now owns 145 shares of the semiconductor company’s stock valued at $33,000 after buying an additional 73 shares in the last quarter. Financial Life Planners acquired a new position in Analog Devices in the fourth quarter valued at about $33,000. Kestra Investment Management LLC acquired a new position in Analog Devices in the fourth quarter valued at about $41,000. Finally, Peterson Financial Group Inc. acquired a new position in Analog Devices in the third quarter valued at about $43,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $215.49, for a total value of $2,154,900.00. Following the completion of the transaction, the chief executive officer now owns 21,983 shares in the company, valued at $4,737,116.67. This represents a 31.27 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 0.33% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts have commented on the stock. Wells Fargo & Company boosted their price target on shares of Analog Devices from $220.00 to $240.00 and gave the company an “equal weight” rating in a research report on Thursday, February 20th. Williams Trading set a $245.00 target price on shares of Analog Devices in a research note on Friday, February 14th. Needham & Company LLC reaffirmed a “hold” rating on shares of Analog Devices in a research note on Thursday, February 20th. Oppenheimer reaffirmed an “outperform” rating and issued a $270.00 target price (up from $245.00) on shares of Analog Devices in a research note on Thursday, February 20th. Finally, TD Cowen dropped their target price on shares of Analog Devices from $270.00 to $260.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Six equities research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $255.41.

Analog Devices Stock Down 4.2 %

Shares of NASDAQ ADI opened at $223.85 on Friday. The stock has a market cap of $111.02 billion, a P/E ratio of 71.29, a P/E/G ratio of 2.85 and a beta of 1.04. The firm has a 50 day moving average price of $217.19 and a 200 day moving average price of $220.92. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.43 and a current ratio of 1.93. Analog Devices, Inc. has a 52-week low of $182.57 and a 52-week high of $247.10.

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

Analog Devices declared that its Board of Directors has approved a stock buyback program on Tuesday, February 18th that allows the company to buyback $10.00 billion in shares. This buyback authorization allows the semiconductor company to reacquire up to 9.2% of its stock through open market purchases. Stock buyback programs are typically a sign that the company’s management believes its stock is undervalued.

Analog Devices Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, March 17th. Stockholders of record on Tuesday, March 4th will be issued a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend is Tuesday, March 4th. This is a boost from Analog Devices’s previous quarterly dividend of $0.92. Analog Devices’s dividend payout ratio is 126.11%.

Analog Devices 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.