J. Safra Sarasin Holding AG Lowers Stock Holdings in Analog Devices, Inc. (NASDAQ:ADI)

J. Safra Sarasin Holding AG trimmed its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 9.5% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 88,923 shares of the semiconductor company's stock after selling 9,340 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Analog Devices were worth $18,893,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds also recently added to or reduced their stakes in the company. Broderick Brian C grew its stake in Analog Devices by 2.6% in the 4th quarter. Broderick Brian C now owns 79,221 shares of the semiconductor company's stock worth $16,831,000 after acquiring an additional 2,017 shares in the last quarter. Curbstone Financial Management Corp purchased a new stake in shares of Analog Devices in the 4th quarter worth $460,000. Czech National Bank increased its stake in shares of Analog Devices by 6.5% during the fourth quarter. Czech National Bank now owns 107,650 shares of the semiconductor company's stock valued at $22,871,000 after buying an additional 6,566 shares during the period. Synergy Asset Management LLC grew its holdings in Analog Devices by 11.1% during the 4th quarter. Synergy Asset Management LLC now owns 25,569 shares of the semiconductor company's stock worth $5,404,000 after acquiring an additional 2,554 shares in the last quarter. Finally, Oddo BHF Asset Management Sas purchased a new stake in shares of Analog Devices in the 3rd quarter worth approximately $20,194,000. 86.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently commented on ADI shares. Maxim Group initiated coverage on shares of Analog Devices in a research note on Friday, February 14th. They issued a "buy" rating for the company. Citigroup decreased their price objective on Analog Devices from $265.00 to $235.00 and set a "buy" rating for the company in a research note on Friday, April 11th. Lake Street Capital assumed coverage on Analog Devices in a report on Friday, February 14th. They set a "buy" rating for the company. Truist Financial boosted their target price on Analog Devices from $230.00 to $248.00 and gave the stock a "hold" rating in a research note on Thursday, February 20th. Finally, Morgan Stanley set a $214.00 price objective on shares of Analog Devices in a report on Monday, April 21st. Six analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $250.43.

Analog Devices Price Performance

Shares of ADI traded down $0.64 during mid-day trading on Friday, hitting $194.59. 3,206,761 shares of the company were exchanged, compared to its average volume of 3,458,460. The company has a 50 day moving average of $203.25 and a 200-day moving average of $212.87. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $247.10. The stock has a market cap of $96.51 billion, a price-to-earnings ratio of 61.97, a price-to-earnings-growth ratio of 2.85 and a beta of 1.06. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.43 and a current ratio of 1.93.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings data on Wednesday, February 19th. The semiconductor company reported $1.63 earnings per share for the quarter, beating analysts' consensus estimates 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 for the quarter was down 3.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.73 EPS. Analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, March 4th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 2.04%. This is a positive change from Analog Devices's previous quarterly dividend of $0.92. The ex-dividend date of this dividend was Tuesday, March 4th. Analog Devices's dividend payout ratio (DPR) is 126.11%.

Analog Devices announced that its board has authorized a stock buyback plan on Tuesday, February 18th that authorizes the company to repurchase $10.00 billion in shares. This repurchase authorization authorizes the semiconductor company to buy up to 9.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its shares are undervalued.

Insider Activity

In other Analog Devices news, EVP Vivek Jain sold 12,684 shares of the business's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $210.00, for a total value of $2,663,640.00. Following the transaction, the executive vice president now directly owns 43,175 shares in the company, valued at $9,066,750. The trade was a 22.71 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $209.12, for a total transaction of $2,091,200.00. Following the sale, the chief executive officer now directly owns 64,918 shares in the company, valued at approximately $13,575,652.16. The trade was a 13.35 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 29,809 shares of company stock worth $6,154,756 over the last ninety days. Corporate insiders own 0.33% of the company's stock.

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.