B. Metzler seel. Sohn & Co. Holding AG Takes $16.44 Million Position in Analog Devices, Inc. (NASDAQ:ADI)

B. Metzler seel. Sohn & Co. Holding AG acquired a new position in Analog Devices, Inc. (NASDAQ:ADI) in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 71,430 shares of the semiconductor company’s stock, valued at approximately $16,441,000.

Several other large investors also recently added to or reduced their stakes in ADI. Ontario Teachers Pension Plan Board purchased a new stake in Analog Devices in the 1st quarter worth about $469,000. O Shaughnessy Asset Management LLC increased its holdings in Analog Devices by 13.1% in the 1st quarter. O Shaughnessy Asset Management LLC now owns 31,056 shares of the semiconductor company’s stock worth $6,143,000 after acquiring an additional 3,604 shares during the last quarter. Bessemer Group Inc. increased its holdings in Analog Devices by 87.7% in the 1st quarter. Bessemer Group Inc. now owns 33,668 shares of the semiconductor company’s stock worth $6,659,000 after acquiring an additional 15,735 shares during the last quarter. Lake Street Advisors Group LLC increased its holdings in Analog Devices by 39.9% in the 1st quarter. Lake Street Advisors Group LLC now owns 5,851 shares of the semiconductor company’s stock worth $1,157,000 after acquiring an additional 1,669 shares during the last quarter. Finally, Healthcare of Ontario Pension Plan Trust Fund increased its holdings in Analog Devices by 292.5% in the 1st quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 110,000 shares of the semiconductor company’s stock worth $21,757,000 after acquiring an additional 81,972 shares during the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Wall Street Analysts Forecast Growth

Several brokerages recently weighed in on ADI. Bank of America decreased their price objective on Analog Devices from $260.00 to $255.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. Morgan Stanley lifted 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. JPMorgan Chase & Co. lifted their target price on Analog Devices from $260.00 to $280.00 and gave the company an “overweight” rating in a report on Thursday, August 22nd. Truist Financial lowered Analog Devices from a “buy” rating to a “hold” rating and reduced their target price for the company from $266.00 to $233.00 in a report on Monday, September 23rd. Finally, Needham & Company LLC reaffirmed a “hold” rating on shares of Analog Devices in a report on Thursday, August 22nd. Six research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $249.80.

Insider Activity

In other news, Director Edward H. Frank sold 995 shares of the business’s stock in a transaction that occurred on Thursday, August 29th. The stock was sold at an average price of $234.31, for a total transaction of $233,138.45. Following the transaction, the director now directly owns 3,753 shares of the company’s stock, valued at approximately $879,365.43. The trade was a 20.96 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, EVP Gregory M. Bryant sold 30,000 shares of the business’s stock in a transaction that occurred on Wednesday, September 25th. The shares were 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 directly owns 109,093 shares in the company, valued at $24,447,741.30. This trade represents a 21.57 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 111,495 shares of company stock valued at $25,229,958. Company insiders own 0.31% of the company’s stock.

Analog Devices Stock Performance

Shares of ADI stock opened at $209.65 on Tuesday. 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, Inc. has a fifty-two week low of $179.44 and a fifty-two week high of $244.14. The stock has a 50 day moving average price of $225.70 and a two-hundred day moving average price of $225.44. The company has a market capitalization of $104.09 billion, a P/E ratio of 62.96, a PEG ratio of 2.89 and a beta of 1.08.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, August 21st. The semiconductor company reported $1.58 earnings per share for the quarter, beating the consensus estimate of $1.50 by $0.08. Analog Devices had a return on equity of 9.47% and a net margin of 17.07%. The firm had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.27 billion. During the same quarter in the previous year, the company posted $2.49 earnings per share. The business’s revenue was down 24.8% on a year-over-year basis. Analysts expect that Analog Devices, Inc. will post 6.34 earnings per share for the current year.

Analog Devices Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 17th. Stockholders 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 annualized dividend and a dividend yield of 1.76%. Analog Devices’s dividend payout ratio (DPR) is presently 110.51%.

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.