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

J. Safra Sarasin Holding AG reduced its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 9.5% during the 4th quarter, according to its most recent 13F filing with the SEC. The fund owned 88,923 shares of the semiconductor company’s stock after selling 9,340 shares during the period. J. Safra Sarasin Holding AG’s holdings in Analog Devices were worth $18,893,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently bought and sold shares of the business. Invst LLC lifted its holdings in shares of Analog Devices by 7.7% during the third quarter. Invst LLC now owns 974 shares of the semiconductor company’s stock worth $224,000 after purchasing an additional 70 shares during the period. SkyView Investment Advisors LLC raised its position in Analog Devices by 4.1% during the 3rd quarter. SkyView Investment Advisors LLC now owns 3,261 shares of the semiconductor company’s stock worth $751,000 after buying an additional 128 shares during the last quarter. Anchor Investment Management LLC lifted its stake in shares of Analog Devices by 33.2% in the 3rd quarter. Anchor Investment Management LLC now owns 2,485 shares of the semiconductor company’s stock worth $572,000 after acquiring an additional 619 shares during the period. Pine Valley Investments Ltd Liability Co lifted its stake in shares of Analog Devices by 0.9% in the 3rd quarter. Pine Valley Investments Ltd Liability Co now owns 7,680 shares of the semiconductor company’s stock worth $1,768,000 after acquiring an additional 65 shares during the period. Finally, World Investment Advisors LLC boosted its holdings in shares of Analog Devices by 4,581.5% in the third quarter. World Investment Advisors LLC now owns 42,180 shares of the semiconductor company’s stock valued at $9,709,000 after acquiring an additional 41,279 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several research analysts recently issued reports on the stock. Wells Fargo & Company increased their price target on shares of Analog Devices from $220.00 to $240.00 and gave the stock an “equal weight” rating in a report on Thursday, February 20th. Maxim Group began coverage on Analog Devices in a research note on Friday, February 14th. They set a “buy” rating for the company. Needham & Company LLC restated a “hold” rating on shares of Analog Devices in a research note on Thursday, February 20th. Benchmark upped their price objective on Analog Devices from $245.00 to $275.00 and gave the stock a “buy” rating in a report on Thursday, February 20th. Finally, Lake Street Capital started coverage on Analog Devices in a report on Friday, February 14th. They issued a “buy” rating for the company. Six research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $254.05.

Insider Transactions at Analog Devices

In other Analog Devices news, EVP Vivek Jain sold 12,684 shares of the firm’s stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $210.00, for a total value of $2,663,640.00. Following the sale, the executive vice president now directly owns 43,175 shares of the company’s stock, valued at approximately $9,066,750. This trade represents a 22.71 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction dated 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 position. The disclosure for this sale can be found here. Insiders sold a total of 29,809 shares of company stock worth $6,154,756 over the last ninety days. 0.33% of the stock is currently owned by corporate insiders.

Analog Devices Trading Up 0.2 %

Shares of Analog Devices stock opened at $176.27 on Monday. The business has a 50 day moving average price of $206.00 and a 200 day moving average price of $214.15. The company has a market capitalization of $87.43 billion, a P/E ratio of 56.14, a P/E/G ratio of 2.85 and a beta of 1.06. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.93 and a quick ratio of 1.43. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $247.10.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, February 19th. The semiconductor company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.09. The company had revenue of $2.42 billion during the quarter, compared to analysts’ expectations of $2.36 billion. Analog Devices had a return on equity of 8.91% and a net margin of 16.75%. The business’s revenue for the quarter was down 3.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.73 earnings per share. Sell-side analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, March 4th were paid a dividend of $0.99 per share. This is a boost from Analog Devices’s previous quarterly dividend of $0.92. This represents a $3.96 annualized dividend and a dividend yield of 2.25%. The ex-dividend date was Tuesday, March 4th. Analog Devices’s dividend payout ratio (DPR) is currently 126.11%.

Analog Devices declared that its board has authorized a share buyback program on Tuesday, February 18th that authorizes the company to buyback $10.00 billion in outstanding shares. This buyback authorization authorizes the semiconductor company to buy up to 9.2% of its shares through open market purchases. Shares buyback programs are typically an indication that the company’s leadership believes its stock is undervalued.

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.