Lombard Odier Asset Management Switzerland SA Boosts Position in Analog Devices, Inc. $ADI

Lombard Odier Asset Management Switzerland SA boosted its position in Analog Devices, Inc. (NASDAQ:ADI) by 19.1% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 17,525 shares of the semiconductor company’s stock after purchasing 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.

A number of other large investors have also made changes to their positions in ADI. Howard Hughes Medical Institute bought a new position in shares of Analog Devices in the 2nd quarter worth approximately $25,000. Activest Wealth Management increased its holdings in 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 last quarter. RMG Wealth Management LLC purchased a new stake in Analog Devices during the second quarter valued at approximately $26,000. Saudi Central Bank bought a new position in Analog Devices in the first quarter worth approximately $39,000. Finally, Nova Wealth Management Inc. purchased a new position in shares of Analog Devices during the 1st quarter worth $42,000. 86.81% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ADI has been the subject of several analyst reports. Zacks Research lowered Analog Devices from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Sanford C. Bernstein restated a “market perform” rating and issued a $270.00 price target on shares of Analog Devices in a research report on Wednesday, November 26th. Stifel Nicolaus set a $280.00 price objective on Analog Devices in a research report on Friday, November 21st. Weiss Ratings raised shares of Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a report on Monday, December 1st. Finally, Wells Fargo & Company lifted their price target on shares of Analog Devices from $250.00 to $265.00 and gave the company an “equal weight” rating in a report on Tuesday, November 25th. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have given a Hold rating to the stock. Based on data from MarketBeat, Analog Devices presently has a consensus rating of “Moderate Buy” and a consensus target price of $283.61.

Analog Devices Price Performance

Shares of Analog Devices stock opened at $279.13 on Tuesday. The firm has a market cap of $136.68 billion, a PE ratio of 61.21, a PEG ratio of 1.56 and a beta of 1.03. The stock has a 50 day moving average of $243.10 and a 200 day moving average of $238.59. The company has a current ratio of 2.19, a quick ratio of 1.68 and a debt-to-equity ratio of 0.24. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $283.23.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data 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. The business had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.02 billion. Analog Devices had a return on equity of 11.23% and a net margin of 20.58%.The company’s revenue for the quarter was up 25.9% on a year-over-year basis. During the same period in the prior year, the firm earned $1.67 EPS. On average, research analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Dividend Announcement

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

Insiders Place Their Bets

In other news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction dated Monday, November 3rd. The shares were sold at an average price of $234.95, for a total value of $2,349,500.00. Following the sale, the chief executive officer directly owned 163,640 shares in the company, valued at $38,447,218. The trade was a 5.76% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Edward H. Frank sold 1,000 shares of the stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $242.74, for a total transaction of $242,740.00. Following the completion of the transaction, the director directly owned 5,118 shares of the company’s stock, valued at approximately $1,242,343.32. The trade was a 16.35% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 27,250 shares of company stock valued at $6,520,371 in the last three months. Corporate insiders own 0.33% of the company’s stock.

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.