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

J. Safra Sarasin Holding AG decreased its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 9.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 88,923 shares of the semiconductor company's stock after selling 9,340 shares during the quarter. J. Safra Sarasin Holding AG's holdings in Analog Devices were worth $18,893,000 as of its most recent SEC filing.

A number of other large investors also recently added to or reduced their stakes in ADI. Mainstream Capital Management LLC acquired a new position in Analog Devices during the 4th quarter worth about $30,000. Hopwood Financial Services Inc. acquired a new stake in shares of Analog Devices during the fourth quarter worth about $30,000. Cassady Schiller Wealth Management LLC boosted its stake in shares of Analog Devices by 63.2% in the fourth quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company's stock valued at $30,000 after purchasing an additional 55 shares during the period. Financial Life Planners purchased a new stake in Analog Devices during the 4th quarter worth approximately $33,000. Finally, Kestra Investment Management LLC acquired a new stake in Analog Devices during the 4th quarter worth approximately $41,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Analog Devices

In other news, Director Ray Stata sold 3,125 shares of the 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 transaction, the director now owns 186,321 shares in the company, valued at $33,576,907.41. This trade represents a 1.65 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, EVP Vivek Jain sold 12,684 shares of the firm's stock in a transaction dated Monday, March 24th. The shares were sold at an average price of $210.00, for a total transaction of $2,663,640.00. Following the completion of the sale, the executive vice president now owns 43,175 shares of the company's stock, valued at $9,066,750. This trade represents a 22.71 % decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 29,809 shares of company stock valued at $6,154,756. Corporate insiders own 0.33% of the company's stock.

Analyst Upgrades and Downgrades

Several analysts have recently issued reports on the company. Morgan Stanley set a $214.00 price objective on Analog Devices in a research note on Monday. Oppenheimer restated an "outperform" rating and issued a $270.00 price objective (up from $245.00) on shares of Analog Devices in a report on Thursday, February 20th. Benchmark boosted their target price on shares of Analog Devices from $245.00 to $275.00 and gave the stock a "buy" rating in a research note on Thursday, February 20th. Citigroup decreased their price target on Analog Devices from $265.00 to $235.00 and set a "buy" rating for the company in a report on Friday, April 11th. Finally, Williams Trading set a $245.00 price objective on Analog Devices in a report on Friday, February 14th. Six research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, Analog Devices currently has a consensus rating of "Moderate Buy" and a consensus target price of $250.43.

Analog Devices Stock Performance

ADI stock traded up $4.61 during trading on Wednesday, hitting $183.11. The company had a trading volume of 4,322,218 shares, compared to its average volume of 3,462,522. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $247.10. The firm has a 50-day moving average price of $204.15 and a 200-day moving average price of $213.32. The company has a quick ratio of 1.43, a current ratio of 1.93 and a debt-to-equity ratio of 0.19. The firm has a market cap of $90.82 billion, a PE ratio of 58.32, a price-to-earnings-growth ratio of 2.85 and a beta of 1.06.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings results on Wednesday, February 19th. The semiconductor company reported $1.63 EPS for the quarter, topping the consensus estimate of $1.54 by $0.09. Analog Devices had a return on equity of 8.91% and a net margin of 16.75%. The business had revenue of $2.42 billion during the quarter, compared to analysts' expectations of $2.36 billion. During the same quarter in the prior year, the business earned $1.73 earnings per share. The company's quarterly revenue was down 3.6% compared to the same quarter last year. On average, analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices announced that its board has authorized a stock buyback plan on Tuesday, February 18th that permits the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to reacquire up to 9.2% of its shares through open market purchases. Shares repurchase plans are typically a sign that the company's board believes its shares are undervalued.

Analog Devices Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, March 4th were given a dividend of $0.99 per share. This is a boost from Analog Devices's previous quarterly dividend of $0.92. The ex-dividend date of this dividend was Tuesday, March 4th. This represents a $3.96 annualized dividend and a yield of 2.16%. Analog Devices's payout ratio is presently 126.11%.

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.