Machina Capital S.A.S. Takes $223,000 Position in Analog Devices, Inc. (NASDAQ:ADI)

Machina Capital S.A.S. purchased a new position in Analog Devices, Inc. (NASDAQ:ADI) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 1,048 shares of the semiconductor company’s stock, valued at approximately $223,000.

Several other large investors also recently bought and sold shares of the business. Berkshire Asset Management LLC PA increased its position in Analog Devices by 6.4% in the fourth quarter. Berkshire Asset Management LLC PA now owns 4,400 shares of the semiconductor company’s stock worth $956,000 after purchasing an additional 264 shares during the last quarter. Edgestream Partners L.P. bought a new stake in Analog Devices in the fourth quarter worth $1,386,000. Callan Family Office LLC bought a new stake in Analog Devices in the fourth quarter worth $1,597,000. E Fund Management Co. Ltd. increased its position in Analog Devices by 37.2% in the fourth quarter. E Fund Management Co. Ltd. now owns 16,180 shares of the semiconductor company’s stock worth $3,438,000 after purchasing an additional 4,386 shares during the last quarter. Finally, Vestmark Advisory Solutions Inc. increased its position in Analog Devices by 19.5% in the fourth quarter. Vestmark Advisory Solutions Inc. now owns 3,750 shares of the semiconductor company’s stock worth $797,000 after purchasing an additional 613 shares during the last quarter. Institutional investors own 86.81% of the company’s stock.

Insiders Place Their Bets

In other news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 21,983 shares in the company, valued at approximately $4,737,116.67. This trade represents a 31.27 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 0.33% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

Several equities research analysts recently weighed in on the stock. Morgan Stanley boosted their price target on shares of Analog Devices from $248.00 to $250.00 and gave the stock an “overweight” rating in a research report on Thursday, February 20th. UBS Group boosted their price objective on shares of Analog Devices from $275.00 to $300.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Lake Street Capital assumed coverage on shares of Analog Devices in a research report on Friday, February 14th. They set a “buy” rating on the stock. Benchmark boosted their price objective on shares of Analog Devices from $245.00 to $275.00 and gave the company a “buy” rating in a research report on Thursday, February 20th. Finally, Wells Fargo & Company boosted their price objective 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. Six research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Analog Devices presently has an average rating of “Moderate Buy” and a consensus target price of $255.41.

Analog Devices Stock Up 1.4 %

Shares of Analog Devices stock opened at $225.86 on Monday. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.93 and a quick ratio of 1.43. Analog Devices, Inc. has a 1 year low of $182.57 and a 1 year high of $247.10. The firm’s 50-day moving average is $218.48 and its two-hundred day moving average is $221.17. The stock has a market cap of $112.02 billion, a price-to-earnings ratio of 71.93, a PEG ratio of 2.85 and a beta of 1.07.

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

Analog Devices announced that its board has authorized a share repurchase plan on Tuesday, February 18th that permits the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to purchase up to 9.2% of its stock through open market purchases. Stock repurchase plans are generally a sign that the company’s board believes its shares are undervalued.

Analog Devices Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, March 17th. Shareholders of record on Tuesday, March 4th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 1.75%. This is a boost from Analog Devices’s previous quarterly dividend of $0.92. The ex-dividend date is Tuesday, March 4th. Analog Devices’s dividend payout ratio is presently 126.11%.

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.