Vontobel Holding Ltd. Increases Stock Position in Analog Devices, Inc. (NASDAQ:ADI)

Vontobel Holding Ltd. boosted its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 13.5% in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 41,475 shares of the semiconductor company's stock after purchasing an additional 4,920 shares during the quarter. Vontobel Holding Ltd.'s holdings in Analog Devices were worth $8,235,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pinnacle Bancorp Inc. increased its holdings in shares of Analog Devices by 101.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company's stock worth $26,000 after acquiring an additional 65 shares in the last quarter. Silver Oak Securities Incorporated bought a new position in shares of Analog Devices during the third quarter worth about $29,000. Fortis Capital Advisors LLC bought a new position in shares of Analog Devices during the first quarter worth about $31,000. Quarry LP grew its holdings in shares of Analog Devices by 267.4% during the first quarter. Quarry LP now owns 169 shares of the semiconductor company's stock worth $33,000 after buying an additional 123 shares in the last quarter. Finally, Worth Asset Management LLC bought a new position in shares of Analog Devices during the first quarter worth about $33,000. Institutional investors own 86.81% of the company's stock.

Insider Activity at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $192.11, for a total transaction of $1,921,100.00. Following the sale, the chief executive officer now directly owns 5,713 shares of the company's stock, valued at approximately $1,097,524.43. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, EVP Vivek Jain sold 3,479 shares of the business's stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $197.56, for a total value of $687,311.24. Following the sale, the executive vice president now directly owns 5,745 shares of the company's stock, valued at approximately $1,134,982.20. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $192.11, for a total value of $1,921,100.00. Following the completion of the sale, the chief executive officer now directly owns 5,713 shares in the company, valued at $1,097,524.43. The disclosure for this sale can be found here. Insiders have sold a total of 24,707 shares of company stock worth $4,825,113 in the last 90 days. Company insiders own 0.31% of the company's stock.

Analyst Ratings Changes

ADI has been the subject of several recent research reports. Evercore ISI initiated coverage on Analog Devices in a research report on Tuesday. They set an "outperform" rating and a $254.00 price target for the company. KeyCorp increased their price target on Analog Devices from $220.00 to $230.00 and gave the company an "overweight" rating in a research report on Thursday, February 22nd. Morgan Stanley reissued an "overweight" rating and set a $212.00 price target on shares of Analog Devices in a research report on Thursday, April 11th. Truist Financial reduced their price target 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, Cantor Fitzgerald reissued a "neutral" rating and set a $205.00 price target on shares of Analog Devices in a research report on Monday, March 4th. Seven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $208.17.

Analog Devices Price Performance

NASDAQ:ADI traded down $1.80 during trading hours on Wednesday, hitting $189.43. 2,763,209 shares of the company's stock traded hands, compared to its average volume of 3,343,109. The firm has a market cap of $93.94 billion, a P/E ratio of 33.89, a P/E/G ratio of 4.77 and a beta of 1.17. Analog Devices, Inc. has a 52 week low of $154.99 and a 52 week high of $204.20. The business's fifty day simple moving average is $193.18 and its two-hundred day simple moving average is $186.46. The company has a quick ratio of 0.98, a current ratio of 1.51 and a debt-to-equity ratio of 0.17.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 earnings per share for the quarter, beating analysts' consensus estimates 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 the consensus estimate of $2.50 billion. During the same quarter last year, the business posted $2.75 earnings per share. The company's revenue for the quarter was down 22.7% on a year-over-year basis. On average, research analysts anticipate that Analog Devices, Inc. will post 5.86 earnings per share for the current fiscal year.

Analog Devices Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, March 5th were issued a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 1.94%. The ex-dividend date of this dividend was Monday, March 4th. This is an increase from Analog Devices's previous quarterly dividend of $0.86. Analog Devices's payout ratio is currently 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.