Stephens Inc. AR increased its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 11.2% in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 47,890 shares of the semiconductor company’s stock after buying an additional 4,839 shares during the period. Stephens Inc. AR’s holdings in Analog Devices were worth $3,726,000 as of its most recent filing with the Securities & Exchange Commission.
Other large investors have also modified their holdings of the company. Lazard Asset Management LLC purchased a new stake in Analog Devices in the first quarter valued at $100,000. Whittier Trust Co. of Nevada Inc. boosted its holdings in Analog Devices by 51.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,406 shares of the semiconductor company’s stock valued at $109,000 after purchasing an additional 475 shares during the last quarter. Jacobus Wealth Management Inc. purchased a new stake in Analog Devices in the first quarter valued at $113,000. Heritage Trust Co purchased a new stake in Analog Devices in the first quarter valued at $114,000. Finally, Guardian Life Insurance Co. of America boosted its holdings in Analog Devices by 18.9% in the first quarter. Guardian Life Insurance Co. of America now owns 1,403 shares of the semiconductor company’s stock valued at $115,000 after purchasing an additional 223 shares during the last quarter. 86.72% of the stock is owned by institutional investors.
Several research analysts recently weighed in on ADI shares. Argus upped their price target on shares of Analog Devices from $86.00 to $92.00 and gave the stock an “outperform” rating in a research report on Thursday, June 1st. Royal Bank Of Canada upped their price objective on shares of Analog Devices from $90.00 to $92.00 and gave the company an “outperform” rating in a research note on Thursday, June 1st. Drexel Hamilton reaffirmed a “buy” rating and set a $105.00 price objective (up previously from $93.00) on shares of Analog Devices in a research note on Wednesday, May 31st. B. Riley reaffirmed a “buy” rating and set a $110.00 price objective on shares of Analog Devices in a research note on Saturday, September 2nd. Finally, BidaskClub raised shares of Analog Devices from a “hold” rating to a “buy” rating in a research note on Saturday, September 2nd. Twelve research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company’s stock. Analog Devices presently has an average rating of “Buy” and an average target price of $91.85.
Analog Devices, Inc. (NASDAQ ADI) traded down 0.517% during trading on Tuesday, hitting $81.795. 582,124 shares of the stock traded hands. The stock has a market cap of $30.02 billion, a PE ratio of 31.327 and a beta of 1.29. Analog Devices, Inc. has a one year low of $59.54 and a one year high of $90.49. The company has a 50-day moving average price of $79.65 and a 200 day moving average price of $80.11.
Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.15 by $0.11. Analog Devices had a return on equity of 19.06% and a net margin of 14.77%. The company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period last year, the business earned $0.82 earnings per share. The business’s revenue was up 64.9% on a year-over-year basis. Analysts expect that Analog Devices, Inc. will post $4.62 earnings per share for the current year.
The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 19th. Investors of record on Friday, September 8th will be issued a $0.45 dividend. The ex-dividend date is Thursday, September 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.19%. Analog Devices’s dividend payout ratio is 86.12%.
In other news, SVP Peter Real sold 4,505 shares of the business’s stock in a transaction dated Friday, July 21st. The stock was sold at an average price of $80.07, for a total transaction of $360,715.35. Following the completion of the transaction, the senior vice president now directly owns 13,531 shares in the company, valued at approximately $1,083,427.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Joseph Hassett sold 11,280 shares of the business’s stock in a transaction dated Friday, September 1st. The stock was sold at an average price of $83.76, for a total value of $944,812.80. Following the transaction, the senior vice president now owns 23,019 shares of the company’s stock, valued at $1,928,071.44. The disclosure for this sale can be found here. Insiders sold 45,686 shares of company stock valued at $3,780,282 over the last ninety days. 1.10% of the stock is currently owned by company insiders.
Analog Devices Profile
Analog Devices, Inc (Analog Devices) designs, manufactures and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. Its products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products.
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