Sava Infond d.o.o. Takes Position in Analog Devices, Inc. (NASDAQ:ADI)

Sava Infond d.o.o. acquired a new position in Analog Devices, Inc. (NASDAQ:ADI) in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 35,710 shares of the semiconductor company’s stock, valued at approximately $7,587,000. Analog Devices comprises about 1.3% of Sava Infond d.o.o.’s portfolio, making the stock its 16th biggest position.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Mitsubishi UFJ Asset Management Co. Ltd. grew its stake in Analog Devices by 8.4% in the 4th quarter. Mitsubishi UFJ Asset Management Co. Ltd. now owns 830,532 shares of the semiconductor company’s stock valued at $178,872,000 after buying an additional 64,252 shares in the last quarter. Borer Denton & Associates Inc. boosted its holdings in shares of Analog Devices by 2.8% in the fourth quarter. Borer Denton & Associates Inc. now owns 12,145 shares of the semiconductor company’s stock worth $2,580,000 after acquiring an additional 334 shares during the period. UNIVEST FINANCIAL Corp grew its position in shares of Analog Devices by 2.1% in the fourth quarter. UNIVEST FINANCIAL Corp now owns 7,487 shares of the semiconductor company’s stock valued at $1,591,000 after purchasing an additional 155 shares in the last quarter. Ipsen Advisor Group LLC bought a new stake in shares of Analog Devices during the 4th quarter valued at $455,000. Finally, Meiji Yasuda Asset Management Co Ltd. lifted its holdings in Analog Devices by 3.6% during the 4th quarter. Meiji Yasuda Asset Management Co Ltd. now owns 46,104 shares of the semiconductor company’s stock worth $9,795,000 after purchasing an additional 1,582 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction that occurred 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 approximately $13,575,652.16. This represents a 13.35 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, EVP Vivek Jain sold 12,684 shares of the firm’s stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $210.00, for a total transaction of $2,663,640.00. Following the sale, the executive vice president now directly owns 43,175 shares of the company’s stock, valued at $9,066,750. This trade represents a 22.71 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 36,684 shares of company stock valued at $7,746,500 over the last quarter. Corporate insiders own 0.33% of the company’s stock.

Analog Devices Price Performance

ADI stock opened at $210.53 on Thursday. The firm has a 50-day moving average of $216.98 and a 200 day moving average of $219.72. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.93 and a quick ratio of 1.43. The company has a market cap of $104.42 billion, a P/E ratio of 67.05, a PEG ratio of 2.85 and a beta of 1.07. Analog Devices, Inc. has a 1 year low of $182.57 and a 1 year high of $247.10.

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, beating the consensus estimate of $1.54 by $0.09. The company had revenue of $2.42 billion for the quarter, compared to analyst estimates of $2.36 billion. Analog Devices had a return on equity of 8.91% and a net margin of 16.75%. The firm’s revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the company posted $1.73 earnings per share. On average, sell-side analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices announced that its board has approved a share buyback program on Tuesday, February 18th that allows the company to repurchase $10.00 billion in shares. This repurchase authorization allows the semiconductor company to buy up to 9.2% of its shares through open market purchases. Shares repurchase programs are generally an indication that the company’s management believes its shares are undervalued.

Analog Devices Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, March 4th were given a dividend of $0.99 per share. This is a boost from Analog Devices’s previous quarterly dividend of $0.92. This represents a $3.96 dividend on an annualized basis and a yield of 1.88%. The ex-dividend date of this dividend was Tuesday, March 4th. Analog Devices’s dividend payout ratio (DPR) is 126.11%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ADI shares. Morgan Stanley lifted their target price on Analog Devices from $248.00 to $250.00 and gave the company an “overweight” rating in a report on Thursday, February 20th. Benchmark upped their target price on shares of Analog Devices from $245.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Lake Street Capital began coverage on shares of Analog Devices in a report on Friday, February 14th. They issued a “buy” rating for the company. Oppenheimer reaffirmed an “outperform” rating and issued a $270.00 price target (up previously from $245.00) on shares of Analog Devices in a report on Thursday, February 20th. Finally, Needham & Company LLC reiterated a “hold” rating on shares of Analog Devices in a research report on Thursday, February 20th. Six analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat, Analog Devices presently has an average rating of “Moderate Buy” and a consensus price target of $255.41.

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.