Swiss National Bank Has $309.41 Million Stock Position in Analog Devices, Inc. (NASDAQ:ADI)

Swiss National Bank lowered its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 3.4% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 1,558,275 shares of the semiconductor company’s stock after selling 54,600 shares during the quarter. Swiss National Bank owned about 0.31% of Analog Devices worth $309,411,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of ADI. Pinnacle Bancorp Inc. raised its stake in Analog Devices by 101.6% in the fourth quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 65 shares in the last quarter. Cetera Trust Company N.A bought a new stake in shares of Analog Devices during the fourth quarter worth about $29,000. Stuart Chaussee & Associates Inc. bought a new stake in Analog Devices in the fourth quarter valued at approximately $32,000. Northwest Capital Management Inc boosted its holdings in Analog Devices by 519.2% in the fourth quarter. Northwest Capital Management Inc now owns 161 shares of the semiconductor company’s stock valued at $32,000 after acquiring an additional 135 shares during the last quarter. Finally, Silver Oak Securities Incorporated acquired a new position in Analog Devices in the third quarter valued at approximately $29,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analog Devices Stock Up 0.9 %

Shares of ADI stock traded up $1.65 during mid-day trading on Thursday, hitting $195.54. The company’s stock had a trading volume of 933,992 shares, compared to its average volume of 3,345,124. Analog Devices, Inc. has a 52-week low of $154.99 and a 52-week high of $204.20. The business has a 50-day moving average price of $193.99 and a 200 day moving average price of $187.91. The company has a debt-to-equity ratio of 0.17, a quick ratio of 0.98 and a current ratio of 1.51. The stock has a market cap of $96.97 billion, a price-to-earnings ratio of 34.69, a PEG ratio of 5.03 and a beta of 1.14.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 earnings per share for the quarter, topping the consensus estimate of $1.71 by $0.02. Analog Devices had a return on equity of 12.76% and a net margin of 24.34%. The firm had revenue of $2.51 billion during the quarter, compared to analysts’ expectations of $2.50 billion. During the same quarter in the previous year, the business earned $2.75 earnings per share. The company’s revenue was down 22.7% on a year-over-year basis. Research analysts predict that Analog Devices, Inc. will post 5.86 EPS for the current fiscal year.

Analog Devices Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, March 5th were issued a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a yield of 1.88%. The ex-dividend date of this dividend was Monday, March 4th. This is a positive change from Analog Devices’s previous quarterly dividend of $0.86. Analog Devices’s payout ratio is currently 65.83%.

Insider Buying and Selling

In related news, EVP Vivek Jain sold 3,479 shares of the stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $197.56, for a total transaction of $687,311.24. Following the completion of the sale, the executive vice president now owns 5,745 shares in the company, valued at $1,134,982.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other Analog Devices news, Director James Champy sold 1,228 shares of the firm’s stock in a transaction on Thursday, March 21st. The stock was sold at an average price of $197.64, for a total transaction of $242,701.92. Following the transaction, the director now directly owns 6,371 shares in the company, valued at approximately $1,259,164.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Vivek Jain sold 3,479 shares of the business’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $197.56, for a total value of $687,311.24. Following the transaction, the executive vice president now owns 5,745 shares in the company, valued at $1,134,982.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 14,707 shares of company stock worth $2,904,013. 0.31% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ADI has been the topic of a number of research reports. Oppenheimer reaffirmed an “outperform” rating and set a $215.00 target price on shares of Analog Devices in a research report on Thursday, February 22nd. Sanford C. Bernstein lowered Analog Devices from an “outperform” rating to a “market perform” rating and set a $200.00 price target for the company. in a research report on Thursday, January 4th. Cantor Fitzgerald reissued a “neutral” rating and issued a $205.00 price target on shares of Analog Devices in a research report on Monday, March 4th. Barclays increased their price target on Analog Devices from $180.00 to $185.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 16th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $212.00 price target on shares of Analog Devices in a research report on Thursday, April 11th. Seven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $208.17.

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.