Analog Devices, Inc. (NASDAQ:ADI) Shares Acquired by GAM Holding AG

GAM Holding AG lifted its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 16.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 14,261 shares of the semiconductor company's stock after purchasing an additional 2,007 shares during the quarter. GAM Holding AG's holdings in Analog Devices were worth $2,876,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also made changes to their positions in ADI. Orion Capital Management LLC acquired a new stake in Analog Devices in the 4th quarter valued at about $27,000. Menard Financial Group LLC acquired a new stake in Analog Devices in the 4th quarter valued at about $27,000. Hopwood Financial Services Inc. acquired a new stake in Analog Devices in the 4th quarter valued at about $30,000. Mainstream Capital Management LLC acquired a new stake in Analog Devices in the 4th quarter valued at about $30,000. Finally, Cassady Schiller Wealth Management LLC grew 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 during the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, Director Ray Stata sold 3,125 shares of the stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $180.21, for a total value of $563,156.25. Following the completion of the sale, the director now owns 186,321 shares of the company's stock, valued at $33,576,907.41. This trade represents a 1.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Vivek Jain sold 12,684 shares of the 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 completion of 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 sold 28,934 shares of company stock valued at $5,807,196 over the last 90 days. 0.33% of the stock is owned by corporate insiders.

Analog Devices Trading Down 0.6%

NASDAQ ADI traded down $1.30 during mid-day trading on Friday, hitting $228.35. The company's stock had a trading volume of 5,316,062 shares, compared to its average volume of 3,565,501. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $247.10. The stock's fifty day simple moving average is $209.55 and its two-hundred day simple moving average is $211.09. 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 market capitalization of $113.32 billion, a P/E ratio of 62.22, a price-to-earnings-growth ratio of 2.11 and a beta of 1.00.

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

Analog Devices Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th were given a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 1.73%. The ex-dividend date was Wednesday, June 4th. Analog Devices's dividend payout ratio (DPR) is 107.90%.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ADI. Oppenheimer increased their price objective on shares of Analog Devices from $225.00 to $265.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. Stifel Nicolaus raised their price target on shares of Analog Devices from $225.00 to $248.00 and gave the stock a "buy" rating in a research note on Tuesday, May 20th. Piper Sandler decreased their price target on shares of Analog Devices from $240.00 to $215.00 and set a "neutral" rating on the stock in a research note on Friday, May 23rd. Noble Financial raised shares of Analog Devices to an "outperform" rating in a research note on Wednesday. Finally, Williams Trading set a $260.00 price target on shares of Analog Devices in a research note on Friday, May 23rd. One research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Analog Devices currently has a consensus rating of "Moderate Buy" and a consensus price target of $251.75.

Analog Devices Company 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.