Flossbach Von Storch SE Lowers Stock Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Flossbach Von Storch SE lessened its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 6.7% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 440,197 shares of the semiconductor company's stock after selling 31,662 shares during the period. Flossbach Von Storch SE owned 0.09% of Analog Devices worth $88,775,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Orion Capital Management LLC acquired a new position in Analog Devices during the fourth quarter worth $27,000. Menard Financial Group LLC acquired a new position in Analog Devices during the fourth quarter worth $27,000. Alpine Bank Wealth Management acquired a new position in Analog Devices during the first quarter worth $27,000. Hopwood Financial Services Inc. acquired a new position in Analog Devices during the fourth quarter worth $30,000. Finally, Cassady Schiller Wealth Management LLC raised its holdings in Analog Devices by 63.2% during the fourth quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company's stock worth $30,000 after buying an additional 55 shares during the last quarter. Institutional investors and hedge funds own 86.81% of the company's stock.

Insider Transactions at Analog Devices

In other Analog Devices news, Director Ray Stata sold 3,125 shares of the stock in a transaction dated Tuesday, May 6th. The shares were sold at an average price of $195.84, for a total transaction of $612,000.00. Following the completion of the transaction, the director owned 180,071 shares in the company, valued at $35,265,104.64. This trade represents a 1.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated 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 transaction, the chief executive officer owned 142,996 shares of the company's stock, valued at $28,147,332.64. This represents a 6.54% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 16,250 shares of company stock valued at $3,143,556 in the last quarter. Company insiders own 0.33% of the company's stock.

Analyst Upgrades and Downgrades

ADI has been the topic of several research reports. Cfra Research downgraded shares of Analog Devices from a "strong-buy" rating to a "moderate buy" rating in a report on Thursday, May 22nd. Benchmark restated a "buy" rating and set a $260.00 price objective (down previously from $275.00) on shares of Analog Devices in a report on Friday, May 23rd. Morgan Stanley reduced their target price on shares of Analog Devices from $214.00 to $212.00 and set an "overweight" rating for the company in a research note on Friday, May 23rd. TD Cowen upped their target price on shares of Analog Devices from $200.00 to $250.00 and gave the stock a "buy" rating in a research note on Friday, May 23rd. Finally, Wall Street Zen upgraded shares of Analog Devices from a "hold" rating to a "buy" rating in a research note on Saturday, May 24th. One analyst has rated the stock with a sell rating, five have given a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Analog Devices presently has a consensus rating of "Moderate Buy" and an average target price of $257.67.

Analog Devices Stock Performance

ADI traded down $0.45 during trading on Friday, hitting $244.68. 2,035,790 shares of the company traded hands, compared to its average volume of 3,604,432. The firm has a market cap of $121.42 billion, a P/E ratio of 66.67, a price-to-earnings-growth ratio of 2.26 and a beta of 1.02. The stock's fifty day moving average is $226.02 and its 200 day moving average is $213.75. The company has a quick ratio of 1.51, a current ratio of 2.08 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $247.73.

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

Analog Devices Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were given a dividend of $0.99 per share. The ex-dividend date was Wednesday, June 4th. This represents a $3.96 dividend on an annualized basis and a yield of 1.62%. Analog Devices's dividend payout ratio is presently 107.90%.

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.