Banque Cantonale Vaudoise Purchases 14,534 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Banque Cantonale Vaudoise lifted its holdings in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 259.7% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 20,131 shares of the semiconductor company's stock after acquiring an additional 14,534 shares during the quarter. Banque Cantonale Vaudoise's holdings in Analog Devices were worth $4,634,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in the business. Price T Rowe Associates Inc. MD grew its position in Analog Devices by 19.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 8,163,882 shares of the semiconductor company's stock valued at $1,614,735,000 after buying an additional 1,330,242 shares during the period. Capital International Investors raised its holdings in Analog Devices by 14.3% in the 1st quarter. Capital International Investors now owns 5,155,597 shares of the semiconductor company's stock worth $1,019,726,000 after purchasing an additional 644,945 shares during the period. Van ECK Associates Corp boosted its position in Analog Devices by 17.3% during the third quarter. Van ECK Associates Corp now owns 4,754,759 shares of the semiconductor company's stock worth $1,078,617,000 after purchasing an additional 700,862 shares in the last quarter. American Century Companies Inc. grew its holdings in Analog Devices by 21.4% in the second quarter. American Century Companies Inc. now owns 4,351,585 shares of the semiconductor company's stock valued at $993,293,000 after purchasing an additional 767,534 shares during the period. Finally, Legal & General Group Plc increased its position in shares of Analog Devices by 5.3% in the second quarter. Legal & General Group Plc now owns 4,222,326 shares of the semiconductor company's stock valued at $963,788,000 after buying an additional 211,202 shares in the last quarter. Hedge funds and other institutional investors own 86.81% of the company's stock.

Analog Devices Stock Performance

Shares of NASDAQ ADI traded up $0.58 during trading on Wednesday, reaching $211.01. The stock had a trading volume of 3,072,397 shares, compared to its average volume of 3,218,952. The firm's 50 day moving average price is $225.25 and its two-hundred day moving average price is $225.41. Analog Devices, Inc. has a one year low of $179.44 and a one year high of $244.14. The stock has a market cap of $104.76 billion, a PE ratio of 63.37, a P/E/G ratio of 2.89 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.24 and a current ratio of 1.69.

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

Insider Activity

In other news, EVP Gregory M. Bryant sold 30,000 shares of the company's stock in a transaction dated Wednesday, September 25th. The stock was sold at an average price of $224.10, for a total value of $6,723,000.00. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Edward H. Frank sold 500 shares of the business's stock in a transaction that occurred on Friday, August 23rd. The shares were sold at an average price of $227.24, for a total transaction of $113,620.00. Following the transaction, the director now directly owns 4,748 shares in the company, valued at $1,078,935.52. The trade was a 9.53 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 111,495 shares of company stock worth $25,229,958. Corporate insiders own 0.31% of the company's stock.

Analysts Set New Price Targets

Several analysts have recently issued reports on ADI shares. Oppenheimer reiterated an "outperform" rating and issued a $245.00 target price on shares of Analog Devices in a research report on Thursday, August 22nd. Morgan Stanley increased their target price on Analog Devices from $250.00 to $257.00 and gave the company an "overweight" rating in a report on Thursday, August 22nd. Bank of America decreased their target price on Analog Devices from $260.00 to $255.00 and set a "buy" rating on the stock in a research report on Thursday, August 22nd. Truist Financial downgraded Analog Devices from a "buy" rating to a "hold" rating and reduced their price objective for the company from $266.00 to $233.00 in a research note on Monday, September 23rd. Finally, Cantor Fitzgerald reaffirmed a "neutral" rating and set a $250.00 target price on shares of Analog Devices in a research note on Tuesday, October 8th. Six analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus price target of $249.80.

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.