Slow Capital Inc. Purchases 201 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Slow Capital Inc. boosted its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 1.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 16,790 shares of the semiconductor company’s stock after purchasing an additional 201 shares during the quarter. Slow Capital Inc.’s holdings in Analog Devices were worth $3,334,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also made changes to their positions in the company. Pinnacle Bancorp Inc. raised its holdings in shares of 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 acquiring an additional 65 shares in the last quarter. Silver Oak Securities Incorporated purchased a new stake in shares of Analog Devices in the 3rd quarter worth approximately $29,000. Fortis Capital Advisors LLC bought a new position in shares of Analog Devices during the first quarter valued at approximately $31,000. Quarry LP boosted its stake in shares of Analog Devices by 267.4% during the first quarter. Quarry LP now owns 169 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 123 shares in the last quarter. Finally, Worth Asset Management LLC bought a new position in Analog Devices in the first quarter worth approximately $33,000. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction on Thursday, February 1st. The shares were sold at an average price of $192.11, for a total transaction of $1,921,100.00. Following the completion of the transaction, the chief executive officer now directly owns 5,713 shares in the company, valued at $1,097,524.43. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $192.11, for a total value of $1,921,100.00. Following the sale, the chief executive officer now directly owns 5,713 shares in the company, valued at approximately $1,097,524.43. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director James Champy sold 1,228 shares of the stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $197.64, for a total value of $242,701.92. Following the transaction, the director now directly owns 6,371 shares of the company’s stock, valued at approximately $1,259,164.44. The disclosure for this sale can be found here. Insiders sold a total of 24,707 shares of company stock valued at $4,825,113 in the last three months. 0.31% of the stock is currently owned by company insiders.

Analog Devices Stock Performance

ADI stock traded down $1.05 during midday trading on Wednesday, hitting $190.18. 708,876 shares of the stock traded hands, compared to its average volume of 3,314,193. Analog Devices, Inc. has a 1-year low of $154.99 and a 1-year high of $204.20. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.51 and a quick ratio of 0.98. The stock’s fifty day simple moving average is $193.23 and its 200-day simple moving average is $186.44. The firm has a market cap of $94.31 billion, a P/E ratio of 34.21, a PEG ratio of 4.77 and a beta of 1.17.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 EPS for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $2.50 billion. During the same period last year, the firm earned $2.75 EPS. The company’s quarterly revenue was down 22.7% on a year-over-year basis. On average, analysts expect that Analog Devices, Inc. will post 5.86 earnings per share for the current year.

Analog Devices Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th were given a $0.92 dividend. The ex-dividend date of this dividend was Monday, March 4th. This is a boost from Analog Devices’s previous quarterly dividend of $0.86. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.94%. Analog Devices’s payout ratio is 65.83%.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Wolfe Research raised Analog Devices from a “peer perform” rating to an “outperform” rating and set a $225.00 target price on the stock in a research report on Thursday, January 18th. Barclays raised their price objective 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. KeyCorp lifted their target price on Analog Devices from $220.00 to $230.00 and gave the company an “overweight” rating in a research note on Thursday, February 22nd. The Goldman Sachs Group increased their price target on shares of Analog Devices from $191.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Finally, Edward Jones upgraded shares of Analog Devices from a “hold” rating to a “buy” rating in a report on Friday, December 22nd. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, Analog Devices currently 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.