Bank Julius Baer & Co. Ltd Zurich Sells 37,691 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Bank Julius Baer & Co. Ltd Zurich reduced its stake in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 6.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 524,280 shares of the semiconductor company's stock after selling 37,691 shares during the quarter. Bank Julius Baer & Co. Ltd Zurich owned about 0.11% of Analog Devices worth $104,101,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Pinnacle Bancorp Inc. grew its holdings in Analog Devices by 101.6% during the 4th quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company's stock valued at $26,000 after buying an additional 65 shares in the last quarter. Cetera Trust Company N.A purchased a new position in shares of Analog Devices in the fourth quarter valued at $29,000. Northwest Capital Management Inc grew its holdings in shares of Analog Devices by 519.2% in the fourth quarter. Northwest Capital Management Inc now owns 161 shares of the semiconductor company's stock valued at $32,000 after purchasing an additional 135 shares in the last quarter. Silver Oak Securities Incorporated purchased a new position in shares of Analog Devices in the third quarter valued at $29,000. Finally, CGC Financial Services LLC purchased a new position in shares of Analog Devices in the fourth quarter valued at $37,000. 86.81% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, Director James Champy sold 1,228 shares of Analog Devices stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $197.64, for a total value of $242,701.92. Following the transaction, the director now owns 6,371 shares in the company, valued at $1,259,164.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction dated 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 owns 5,713 shares in the company, valued at $1,097,524.43. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director James Champy sold 1,228 shares of the business's stock in a transaction dated Thursday, March 21st. The stock was sold at an average price of $197.64, for a total value of $242,701.92. Following the sale, the director now owns 6,371 shares in the company, valued at approximately $1,259,164.44. The disclosure for this sale can be found here. Insiders have sold 24,707 shares of company stock worth $4,825,113 over the last quarter. Insiders own 0.31% of the company's stock.

Analyst Upgrades and Downgrades

ADI has been the subject of a number of recent research reports. Wolfe Research raised shares of Analog Devices from a "peer perform" rating to an "outperform" rating and set a $225.00 target price for the company in a report on Thursday, January 18th. KeyCorp raised their target price on shares of Analog Devices from $220.00 to $230.00 and gave the company an "overweight" rating in a report on Thursday, February 22nd. Barclays raised their price target on Analog Devices from $180.00 to $185.00 and gave the stock an "equal weight" rating in a research report on Tuesday, January 16th. Sanford C. Bernstein downgraded Analog Devices from an "outperform" rating to a "market perform" rating and set a $200.00 price target for the company. in a research report on Thursday, January 4th. Finally, The Goldman Sachs Group raised their price target on Analog Devices from $191.00 to $205.00 and gave the stock a "buy" rating in a research report on Thursday, February 22nd. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $208.17.

Analog Devices Stock Up 0.7 %

Shares of ADI stock traded up $1.44 on Thursday, hitting $197.94. The stock had a trading volume of 3,299,136 shares, compared to its average volume of 3,397,278. The company has a quick ratio of 0.98, a current ratio of 1.51 and a debt-to-equity ratio of 0.17. The business has a 50 day moving average price of $192.97 and a 200 day moving average price of $187.00. The company has a market cap of $98.16 billion, a PE ratio of 34.96, a P/E/G ratio of 4.76 and a beta of 1.17. Analog Devices, Inc. has a one year low of $154.99 and a one year high of $204.20.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings data on Wednesday, February 21st. The semiconductor company reported $1.73 earnings per share for the quarter, beating the consensus estimate of $1.71 by $0.02. The firm had revenue of $2.51 billion during the quarter, compared to the consensus estimate of $2.50 billion. Analog Devices had a return on equity of 12.76% and a net margin of 24.34%. The firm's quarterly revenue was down 22.7% on a year-over-year basis. During the same period in the previous year, the company posted $2.75 earnings per share. Research analysts anticipate that Analog Devices, Inc. will post 5.86 earnings per share for the current fiscal year.

Analog Devices Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, March 5th were paid a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 1.86%. The ex-dividend date of this dividend was Monday, March 4th. This is a positive change from Analog Devices's previous quarterly dividend of $0.86. Analog Devices's payout ratio is 65.83%.

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.

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