Analog Devices, Inc. (NASDAQ:ADI) Shares Bought by Slow Capital Inc.

Slow Capital Inc. increased its stake in Analog Devices, Inc. (NASDAQ:ADI) by 3.4% during the 4th quarter, Holdings Channel.com reports. The fund owned 17,984 shares of the semiconductor company’s stock after buying an additional 591 shares during the period. Slow Capital Inc.’s holdings in Analog Devices were worth $3,821,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Creative Planning lifted its stake in shares of Analog Devices by 8.8% in the 2nd quarter. Creative Planning now owns 111,557 shares of the semiconductor company’s stock valued at $25,464,000 after purchasing an additional 9,025 shares in the last quarter. Silver Lake Advisory LLC acquired a new position in Analog Devices during the second quarter valued at approximately $213,000. Northwestern Mutual Wealth Management Co. increased its position in shares of Analog Devices by 4.7% in the second quarter. Northwestern Mutual Wealth Management Co. now owns 29,502 shares of the semiconductor company’s stock worth $6,733,000 after acquiring an additional 1,317 shares in the last quarter. Invst LLC purchased a new position in shares of Analog Devices in the 2nd quarter valued at $204,000. Finally, Quarry LP acquired a new position in shares of Analog Devices during the 2nd quarter valued at $92,000. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ADI has been the topic of a number of recent research reports. Morgan Stanley reduced their price objective on Analog Devices from $252.00 to $248.00 and set an “overweight” rating on the stock in a research note on Wednesday, November 27th. TD Cowen lowered their price objective on shares of Analog Devices from $270.00 to $260.00 and set a “buy” rating for the company in a research report on Wednesday, November 27th. Piper Sandler reduced their target price on shares of Analog Devices from $235.00 to $220.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 27th. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $250.00 price target on shares of Analog Devices in a report on Tuesday, October 8th. Finally, Wells Fargo & Company assumed coverage on shares of Analog Devices in a report on Friday, November 22nd. They issued an “equal weight” rating and a $220.00 price objective on the stock. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $248.70.

Insider Transactions at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $215.49, for a total transaction of $2,154,900.00. Following the sale, the chief executive officer now owns 21,983 shares of the company’s stock, valued at $4,737,116.67. The trade was a 31.27 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Gregory M. Bryant sold 20,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $223.87, for a total value of $4,477,400.00. Following the completion of the transaction, the executive vice president now directly owns 59,093 shares of the company’s stock, valued at approximately $13,229,149.91. The trade was a 25.29 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 50,000 shares of company stock worth $11,029,300. Insiders own 0.31% of the company’s stock.

Analog Devices Price Performance

Shares of NASDAQ:ADI opened at $215.42 on Tuesday. The company has a quick ratio of 1.35, a current ratio of 1.84 and a debt-to-equity ratio of 0.19. The firm has a 50-day simple moving average of $216.42 and a 200 day simple moving average of $222.09. Analog Devices, Inc. has a fifty-two week low of $182.57 and a fifty-two week high of $244.14. The company has a market cap of $106.88 billion, a PE ratio of 65.48, a P/E/G ratio of 2.57 and a beta of 1.05.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Tuesday, November 26th. The semiconductor company reported $1.67 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.03. Analog Devices had a return on equity of 9.01% and a net margin of 17.35%. The business had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the prior year, the firm earned $2.01 EPS. The business’s quarterly revenue was down 10.1% on a year-over-year basis. On average, sell-side analysts anticipate that Analog Devices, Inc. will post 7.09 EPS for the current year.

Analog Devices Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 9th were issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 1.71%. The ex-dividend date was Monday, December 9th. Analog Devices’s dividend payout ratio (DPR) is 111.85%.

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.