Lombard Odier Asset Management Switzerland SA Acquires 2,805 Shares of Analog Devices, Inc. $ADI

Lombard Odier Asset Management Switzerland SA grew its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 19.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The firm owned 17,525 shares of the semiconductor company’s stock after buying an additional 2,805 shares during the period. Lombard Odier Asset Management Switzerland SA’s holdings in Analog Devices were worth $4,171,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Howard Hughes Medical Institute purchased a new position in Analog Devices during the 2nd quarter valued at $25,000. Activest Wealth Management increased its position in shares of Analog Devices by 6,350.0% during the first quarter. Activest Wealth Management now owns 129 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 127 shares during the period. RMG Wealth Management LLC purchased a new position in shares of Analog Devices during the second quarter valued at about $26,000. Saudi Central Bank bought a new position in Analog Devices in the first quarter worth about $39,000. Finally, Nova Wealth Management Inc. purchased a new stake in Analog Devices in the first quarter worth about $42,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Insiders Place Their Bets

In other Analog Devices news, Director Ray Stata sold 3,125 shares of the company’s stock in a transaction dated Tuesday, November 4th. The shares were sold at an average price of $230.21, for a total transaction of $719,406.25. Following the transaction, the director owned 142,571 shares in the company, valued at approximately $32,821,269.91. This represents a 2.14% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Edward H. Frank sold 1,000 shares of Analog Devices stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $242.74, for a total transaction of $242,740.00. Following the completion of the sale, the director owned 5,118 shares of the company’s stock, valued at $1,242,343.32. This represents a 16.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last quarter, insiders sold 27,250 shares of company stock valued at $6,520,371. Corporate insiders own 0.33% of the company’s stock.

Analog Devices Stock Performance

Shares of ADI stock opened at $279.13 on Tuesday. The company has a market capitalization of $136.68 billion, a price-to-earnings ratio of 61.21, a price-to-earnings-growth ratio of 1.56 and a beta of 1.03. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.68 and a current ratio of 2.19. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $283.23. The company’s 50-day moving average is $243.10 and its 200 day moving average is $238.59.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.04. Analog Devices had a net margin of 20.58% and a return on equity of 11.23%. The business had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.02 billion. During the same period in the previous year, the company earned $1.67 earnings per share. The business’s revenue for the quarter was up 25.9% compared to the same quarter last year. Sell-side analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 22nd. Shareholders of record on Monday, December 8th will be paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a yield of 1.4%. The ex-dividend date is Monday, December 8th. Analog Devices’s dividend payout ratio (DPR) is currently 86.84%.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ADI. Benchmark reiterated a “buy” rating and set a $285.00 target price on shares of Analog Devices in a report on Wednesday, November 26th. JPMorgan Chase & Co. lifted their price target on Analog Devices from $310.00 to $320.00 and gave the company an “overweight” rating in a research report on Wednesday, November 26th. The Goldman Sachs Group reiterated a “buy” rating and issued a $300.00 price objective on shares of Analog Devices in a report on Tuesday, November 25th. Bank of America raised their price objective on Analog Devices from $275.00 to $290.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Finally, BNP Paribas started coverage on shares of Analog Devices in a research report on Tuesday, November 4th. They issued an “outperform” rating and a $300.00 target price on the stock. Two analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $283.61.

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.