B. Metzler seel. Sohn & Co. Holding AG Purchases New Shares in Analog Devices, Inc. (NASDAQ:ADI)

B. Metzler seel. Sohn & Co. Holding AG bought a new position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) in the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 71,430 shares of the semiconductor company's stock, valued at approximately $16,441,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Ontario Teachers Pension Plan Board acquired a new stake in shares of Analog Devices during the first quarter worth approximately $469,000. O Shaughnessy Asset Management LLC boosted its holdings in shares of Analog Devices by 13.1% during the first quarter. O Shaughnessy Asset Management LLC now owns 31,056 shares of the semiconductor company's stock worth $6,143,000 after purchasing an additional 3,604 shares during the period. Bessemer Group Inc. boosted its holdings in shares of Analog Devices by 87.7% during the first quarter. Bessemer Group Inc. now owns 33,668 shares of the semiconductor company's stock worth $6,659,000 after purchasing an additional 15,735 shares during the period. Lake Street Advisors Group LLC boosted its holdings in shares of Analog Devices by 39.9% during the first quarter. Lake Street Advisors Group LLC now owns 5,851 shares of the semiconductor company's stock worth $1,157,000 after purchasing an additional 1,669 shares during the period. Finally, Healthcare of Ontario Pension Plan Trust Fund boosted its holdings in shares of Analog Devices by 292.5% during the first quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 110,000 shares of the semiconductor company's stock worth $21,757,000 after purchasing an additional 81,972 shares during the period. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction on Tuesday, September 3rd. The shares were sold at an average price of $228.69, for a total value of $2,286,900.00. Following the sale, the chief executive officer now owns 51,039 shares in the company, valued at approximately $11,672,108.91. The trade was a 16.38 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Gregory M. Bryant sold 30,000 shares of the business's stock in a transaction on Wednesday, September 25th. The shares were sold at an average price of $224.10, for a total transaction of $6,723,000.00. Following the completion of the sale, the executive vice president now owns 109,093 shares in the company, valued at $24,447,741.30. This represents a 21.57 % decrease in their position. The disclosure for this sale can be found here. Insiders have sold 111,495 shares of company stock worth $25,229,958 over the last 90 days. Corporate insiders own 0.31% of the company's stock.

Analog Devices Stock Performance

ADI stock traded up $0.78 on Tuesday, reaching $210.43. 2,884,310 shares of the company were exchanged, compared to its average volume of 3,219,607. Analog Devices, Inc. has a 12 month low of $179.44 and a 12 month high of $244.14. The stock's fifty day moving average price is $225.70 and its 200 day moving average price is $225.44. The firm has a market capitalization of $104.48 billion, a PE ratio of 62.65, a PEG ratio of 2.89 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.69 and a quick ratio of 1.24.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings results on Wednesday, August 21st. The semiconductor company reported $1.58 earnings per share for the quarter, topping analysts' consensus estimates of $1.50 by $0.08. Analog Devices had a net margin of 17.07% and a return on equity of 9.47%. The firm had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the previous year, the company earned $2.49 earnings per share. The business's revenue was down 24.8% compared to the same quarter last year. On average, research analysts anticipate that Analog Devices, Inc. will post 6.34 EPS for the current fiscal year.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were paid a dividend of $0.92 per share. The ex-dividend date of this dividend was Tuesday, September 3rd. This represents a $3.68 dividend on an annualized basis and a yield of 1.75%. Analog Devices's dividend payout ratio is currently 110.51%.

Analyst Upgrades and Downgrades

ADI has been the topic of several recent research reports. Morgan Stanley raised their price objective on shares of Analog Devices from $250.00 to $257.00 and gave the company an "overweight" rating in a research report on Thursday, August 22nd. Oppenheimer reaffirmed an "outperform" rating and set a $245.00 price objective on shares of Analog Devices in a research report on Thursday, August 22nd. Truist Financial lowered shares of Analog Devices from a "buy" rating to a "hold" rating and cut their price objective for the company from $266.00 to $233.00 in a research report on Monday, September 23rd. Bank of America cut their price objective on shares of Analog Devices from $260.00 to $255.00 and set a "buy" rating on the stock in a research report on Thursday, August 22nd. Finally, JPMorgan Chase & Co. raised their price objective on shares of Analog Devices from $260.00 to $280.00 and gave the company an "overweight" rating in a research report on Thursday, August 22nd. Six analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company's stock. According to data from MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $249.80.

About Analog Devices

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.