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

Slow Capital Inc. grew its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 3.4% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,984 shares of the semiconductor company’s stock after acquiring an additional 591 shares during the quarter. Slow Capital Inc.’s holdings in Analog Devices were worth $3,821,000 as of its most recent SEC filing.

A number of other institutional investors also recently bought and sold shares of ADI. Lebenthal Global Advisors LLC lifted its stake in shares of Analog Devices by 14.0% during the fourth quarter. Lebenthal Global Advisors LLC now owns 5,022 shares of the semiconductor company’s stock worth $1,067,000 after buying an additional 616 shares during the period. Foundations Investment Advisors LLC lifted its position in Analog Devices by 26.6% during the 4th quarter. Foundations Investment Advisors LLC now owns 2,557 shares of the semiconductor company’s stock worth $543,000 after acquiring an additional 537 shares during the period. Pacer Advisors Inc. grew its stake in Analog Devices by 2.0% during the 4th quarter. Pacer Advisors Inc. now owns 78,709 shares of the semiconductor company’s stock valued at $16,723,000 after purchasing an additional 1,524 shares during the last quarter. Union Bancaire Privee UBP SA purchased a new stake in Analog Devices during the 4th quarter valued at about $1,690,000. Finally, Blue Trust Inc. increased its holdings in shares of Analog Devices by 20.4% in the fourth quarter. Blue Trust Inc. now owns 5,801 shares of the semiconductor company’s stock valued at $1,335,000 after purchasing an additional 982 shares during the period. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Analog Devices Price Performance

Shares of NASDAQ ADI opened at $215.42 on Tuesday. Analog Devices, Inc. has a 1-year low of $182.57 and a 1-year high of $244.14. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.84 and a quick ratio of 1.35. 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. The stock has a fifty day moving average price of $216.42 and a 200 day moving average price of $222.09.

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

Analog Devices Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Monday, December 9th were given a dividend of $0.92 per share. This represents a $3.68 dividend on an annualized basis and a yield of 1.71%. The ex-dividend date of this dividend was Monday, December 9th. Analog Devices’s payout ratio is currently 111.85%.

Analyst Upgrades and Downgrades

ADI has been the subject of a number of research reports. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $250.00 target price on shares of Analog Devices in a report on Tuesday, October 8th. Truist Financial increased their price objective on shares of Analog Devices from $216.00 to $230.00 and gave the stock a “hold” rating in a research note on Friday, January 10th. Needham & Company LLC restated a “hold” rating on shares of Analog Devices in a research report on Wednesday, November 27th. Wells Fargo & Company began coverage on Analog Devices in a research report on Friday, November 22nd. They set an “equal weight” rating and a $220.00 price target on the stock. Finally, TD Cowen lowered their price objective on Analog Devices from $270.00 to $260.00 and set a “buy” rating on the stock in a research report on Wednesday, November 27th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. Based on data from MarketBeat, Analog Devices currently has a consensus rating of “Moderate Buy” and an average target price of $248.70.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, December 11th. The shares were sold at an average price of $215.83, for a total transaction of $2,158,300.00. Following the sale, the chief executive officer now directly owns 21,983 shares of the company’s stock, valued at $4,744,590.89. This trade represents a 31.27 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Gregory M. Bryant sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $223.87, for a total transaction 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. This represents a 25.29 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 50,000 shares of company stock valued at $11,029,300 over the last quarter. Corporate insiders own 0.31% of the company’s stock.

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.