Analog Devices, Inc. (ADI) Shares Sold by AHL Partners LLP

AHL Partners LLP decreased its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 3.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 26,523 shares of the semiconductor company’s stock after selling 830 shares during the quarter. AHL Partners LLP’s holdings in Analog Devices were worth $2,064,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also modified their holdings of the company. BlackRock Inc. boosted its position in Analog Devices by 3,292.7% during the first quarter. BlackRock Inc. now owns 23,045,295 shares of the semiconductor company’s stock valued at $1,888,562,000 after purchasing an additional 22,366,040 shares during the last quarter. Vanguard Group Inc. boosted its position in Analog Devices by 24.3% during the first quarter. Vanguard Group Inc. now owns 28,205,340 shares of the semiconductor company’s stock valued at $2,311,428,000 after purchasing an additional 5,506,925 shares during the last quarter. Franklin Resources Inc. boosted its position in Analog Devices by 54.1% during the second quarter. Franklin Resources Inc. now owns 9,251,799 shares of the semiconductor company’s stock valued at $719,786,000 after purchasing an additional 3,248,336 shares during the last quarter. FMR LLC boosted its position in Analog Devices by 52.2% during the first quarter. FMR LLC now owns 7,757,023 shares of the semiconductor company’s stock valued at $635,689,000 after purchasing an additional 2,661,277 shares during the last quarter. Finally, State Street Corp boosted its position in Analog Devices by 20.0% during the first quarter. State Street Corp now owns 14,958,586 shares of the semiconductor company’s stock valued at $1,225,852,000 after purchasing an additional 2,493,568 shares during the last quarter. Institutional investors and hedge funds own 86.67% of the company’s stock.

In other news, SVP Margaret K. Seif sold 3,000 shares of Analog Devices stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $80.35, for a total value of $241,050.00. Following the completion of the sale, the senior vice president now directly owns 20,404 shares in the company, valued at $1,639,461.40. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, SVP Peter Real sold 4,505 shares of Analog Devices stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $80.07, for a total transaction of $360,715.35. Following the completion of the sale, the senior vice president now owns 13,531 shares of the company’s stock, valued at $1,083,427.17. The disclosure for this sale can be found here. Insiders have sold 126,494 shares of company stock valued at $10,677,931 over the last 90 days. Company insiders own 1.10% of the company’s stock.

A number of research firms recently issued reports on ADI. B. Riley reissued a “buy” rating and set a $110.00 price objective on shares of Analog Devices in a research report on Sunday, August 27th. Drexel Hamilton reissued a “buy” rating and set a $105.00 price objective on shares of Analog Devices in a research report on Wednesday, August 30th. BidaskClub raised Analog Devices from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Zacks Investment Research raised Analog Devices from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a research report on Tuesday. Finally, BMO Capital Markets reissued an “outperform” rating and set a $100.00 price objective (up previously from $96.00) on shares of Analog Devices in a research report on Tuesday, August 29th. Eleven equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has assigned a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $92.85.

Analog Devices, Inc. (NASDAQ ADI) opened at 88.83 on Friday. The company’s 50-day moving average price is $84.11 and its 200 day moving average price is $80.60. Analog Devices, Inc. has a 52 week low of $60.97 and a 52 week high of $90.49. The company has a market capitalization of $32.66 billion, a price-to-earnings ratio of 44.22 and a beta of 1.30.

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, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.11. The firm had revenue of $1.43 billion during the quarter, compared to the consensus estimate of $1.40 billion. Analog Devices had a net margin of 14.77% and a return on equity of 19.06%. The business’s revenue for the quarter was up 64.9% compared to the same quarter last year. During the same period last year, the business posted $0.82 earnings per share. On average, analysts predict that Analog Devices, Inc. will post $4.62 EPS for the current year.

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 19th. Shareholders of record on Friday, September 8th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, September 7th. This represents a $1.80 annualized dividend and a yield of 2.03%. Analog Devices’s dividend payout ratio (DPR) is presently 86.12%.

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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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Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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