Vontobel Holding Ltd. Has $3.36 Million Stock Position in Analog Devices, Inc. (NASDAQ:ADI)

Vontobel Holding Ltd. decreased its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 15.6% during the 1st quarter, according to its most recent filing with the SEC. The institutional investor owned 16,679 shares of the semiconductor company's stock after selling 3,079 shares during the period. Vontobel Holding Ltd.'s holdings in Analog Devices were worth $3,364,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Orion Capital Management LLC bought a new stake in Analog Devices in the 4th quarter valued at approximately $27,000. Menard Financial Group LLC bought a new stake in Analog Devices in the 4th quarter valued at approximately $27,000. Alpine Bank Wealth Management bought a new stake in Analog Devices in the 1st quarter valued at approximately $27,000. Hopwood Financial Services Inc. bought a new stake in Analog Devices in the 4th quarter valued at approximately $30,000. Finally, Cassady Schiller Wealth Management LLC lifted its stake in Analog Devices by 63.2% in the 4th quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company's stock valued at $30,000 after acquiring an additional 55 shares in the last quarter. Institutional investors own 86.81% of the company's stock.

Analyst Upgrades and Downgrades

ADI has been the topic of several research reports. KGI Securities initiated coverage on Analog Devices in a research note on Friday, May 23rd. They issued a "buy" rating on the stock. Needham & Company LLC reiterated a "hold" rating on shares of Analog Devices in a research note on Friday, May 23rd. Cfra Research cut Analog Devices from a "strong-buy" rating to a "moderate buy" rating in a research note on Thursday, May 22nd. Cowen reiterated a "buy" rating on shares of Analog Devices in a research note on Friday, May 23rd. Finally, Wall Street Zen upgraded Analog Devices from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $251.75.

Insider Buying and Selling

In other news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Thursday, May 1st. The stock was sold at an average price of $196.84, for a total transaction of $1,968,400.00. Following the sale, the chief executive officer directly owned 142,996 shares of the company's stock, valued at approximately $28,147,332.64. This represents a 6.54% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Ray Stata sold 3,125 shares of the stock in a transaction on Tuesday, May 6th. The stock was sold at an average price of $195.84, for a total value of $612,000.00. Following the sale, the director directly owned 180,071 shares in the company, valued at approximately $35,265,104.64. This trade represents a 1.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 16,250 shares of company stock valued at $3,143,556. 0.33% of the stock is owned by company insiders.

Analog Devices Stock Performance

NASDAQ ADI traded up $0.93 on Friday, reaching $246.08. The stock had a trading volume of 1,837,392 shares, compared to its average volume of 3,599,370. The company has a debt-to-equity ratio of 0.19, a current ratio of 2.08 and a quick ratio of 1.51. The firm has a fifty day moving average of $221.10 and a two-hundred day moving average of $212.71. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $247.10. The company has a market cap of $122.12 billion, a P/E ratio of 67.05, a price-to-earnings-growth ratio of 2.27 and a beta of 1.02.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly earnings data on Thursday, May 22nd. The semiconductor company reported $1.85 EPS for the quarter, beating analysts' consensus estimates of $1.70 by $0.15. Analog Devices had a return on equity of 9.56% and a net margin of 18.65%. The firm had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same period in the prior year, the firm posted $1.40 EPS. The company's revenue for the quarter was up 22.3% on a year-over-year basis. On average, equities research analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were given a $0.99 dividend. The ex-dividend date was Wednesday, June 4th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.61%. Analog Devices's payout ratio is 107.90%.

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.