Analog Devices, Inc. (NASDAQ:ADI) Shares Sold by Bank Julius Baer & Co. Ltd Zurich

Bank Julius Baer & Co. Ltd Zurich cut its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 6.7% in the 4th quarter, HoldingsChannel.com reports. The firm owned 524,280 shares of the semiconductor company’s stock after selling 37,691 shares during the period. Bank Julius Baer & Co. Ltd Zurich’s holdings in Analog Devices were worth $104,101,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the company. Amarillo National Bank raised its holdings in shares of Analog Devices by 3.7% in the fourth quarter. Amarillo National Bank now owns 1,511 shares of the semiconductor company’s stock worth $300,000 after acquiring an additional 54 shares during the last quarter. Keystone Financial Services raised its holdings in shares of Analog Devices by 1.8% in the fourth quarter. Keystone Financial Services now owns 3,136 shares of the semiconductor company’s stock worth $623,000 after acquiring an additional 55 shares during the last quarter. Ancora Advisors LLC raised its holdings in shares of Analog Devices by 2.1% in the third quarter. Ancora Advisors LLC now owns 2,744 shares of the semiconductor company’s stock worth $480,000 after acquiring an additional 57 shares during the last quarter. Legacy Advisors LLC raised its holdings in shares of Analog Devices by 2.3% in the third quarter. Legacy Advisors LLC now owns 2,657 shares of the semiconductor company’s stock worth $465,000 after acquiring an additional 59 shares during the last quarter. Finally, MRA Advisory Group raised its holdings in shares of Analog Devices by 2.5% in the third quarter. MRA Advisory Group now owns 2,534 shares of the semiconductor company’s stock worth $444,000 after acquiring an additional 61 shares during the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, Director James Champy sold 1,228 shares of the stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $197.64, for a total value of $242,701.92. Following the completion of the transaction, the director now directly owns 6,371 shares of the company’s stock, valued at approximately $1,259,164.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other Analog Devices news, Director James Champy sold 1,228 shares of the stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $197.64, for a total transaction of $242,701.92. Following the completion of the transaction, the director now directly owns 6,371 shares of the company’s stock, valued at approximately $1,259,164.44. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $192.11, for a total value of $1,921,100.00. Following the transaction, the chief executive officer now directly owns 5,713 shares of the company’s stock, valued at $1,097,524.43. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 24,707 shares of company stock valued at $4,825,113. 0.31% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently weighed in on ADI shares. KeyCorp boosted their price target on Analog Devices from $220.00 to $230.00 and gave the stock an “overweight” rating in a report on Thursday, February 22nd. Evercore ISI began coverage on Analog Devices in a research report on Tuesday, April 16th. They issued an “outperform” rating and a $254.00 price objective for the company. Oppenheimer reaffirmed an “outperform” rating and issued a $215.00 price objective on shares of Analog Devices in a research report on Thursday, February 22nd. Truist Financial lowered their price objective on Analog Devices from $226.00 to $222.00 and set a “buy” rating for the company in a research report on Thursday, February 22nd. Finally, Barclays lifted their price objective on Analog Devices from $180.00 to $185.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 16th. Seven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, Analog Devices has an average rating of “Moderate Buy” and a consensus target price of $208.17.

Analog Devices Trading Up 0.7 %

ADI stock traded up $1.44 during trading on Thursday, reaching $197.94. 3,299,136 shares of the stock traded hands, compared to its average volume of 3,397,278. Analog Devices, Inc. has a 52-week low of $154.99 and a 52-week high of $204.20. The business’s 50 day moving average price is $192.97 and its 200-day moving average price is $187.00. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.51 and a quick ratio of 0.98. The firm has a market capitalization of $98.16 billion, a PE ratio of 34.96, a P/E/G ratio of 4.76 and a beta of 1.17.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.71 by $0.02. Analog Devices had a return on equity of 12.76% and a net margin of 24.34%. The business had revenue of $2.51 billion for the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter in the previous year, the firm posted $2.75 earnings per share. The company’s revenue was down 22.7% compared to the same quarter last year. As a group, sell-side analysts forecast that Analog Devices, Inc. will post 5.86 earnings per share for the current year.

Analog Devices Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, March 5th were paid a dividend of $0.92 per share. The ex-dividend date was Monday, March 4th. This represents a $3.68 annualized dividend and a yield of 1.86%. This is a boost from Analog Devices’s previous quarterly dividend of $0.86. Analog Devices’s dividend payout ratio is presently 65.83%.

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.