Naples Global Advisors LLC boosted its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 2.4% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,507 shares of the semiconductor company’s stock after purchasing an additional 772 shares during the quarter. Analog Devices makes up approximately 0.9% of Naples Global Advisors LLC’s holdings, making the stock its 24th largest position. Naples Global Advisors LLC’s holdings in Analog Devices were worth $2,894,000 at the end of the most recent reporting period.
Other large investors also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its stake in shares of Analog Devices by 3.0% in the 2nd quarter. Vanguard Group Inc. now owns 29,053,102 shares of the semiconductor company’s stock worth $2,260,331,000 after buying an additional 847,762 shares in the last quarter. JPMorgan Chase & Co. grew its stake in shares of Analog Devices by 1.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 16,692,851 shares of the semiconductor company’s stock valued at $1,429,574,000 after purchasing an additional 213,714 shares during the period. FMR LLC grew its stake in shares of Analog Devices by 14.6% in the 2nd quarter. FMR LLC now owns 8,889,572 shares of the semiconductor company’s stock valued at $691,608,000 after purchasing an additional 1,132,549 shares during the period. Wells Fargo & Company MN grew its stake in shares of Analog Devices by 0.3% in the 3rd quarter. Wells Fargo & Company MN now owns 8,742,697 shares of the semiconductor company’s stock valued at $753,358,000 after purchasing an additional 25,092 shares during the period. Finally, Neuberger Berman Group LLC grew its stake in shares of Analog Devices by 97.4% in the 3rd quarter. Neuberger Berman Group LLC now owns 4,303,569 shares of the semiconductor company’s stock valued at $370,839,000 after purchasing an additional 2,123,268 shares during the period. Institutional investors and hedge funds own 87.08% of the company’s stock.
ADI has been the topic of a number of research analyst reports. Stifel Nicolaus increased their price target on Analog Devices from $97.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, November 16th. B. Riley restated a “buy” rating and set a $113.00 price target (up from $110.00) on shares of Analog Devices in a research report on Thursday, November 16th. Jefferies Group restated a “buy” rating and set a $100.00 price target on shares of Analog Devices in a research report on Thursday, October 19th. Zacks Investment Research upgraded Analog Devices from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research report on Tuesday, October 10th. Finally, Oppenheimer restated a “buy” rating and set a $100.00 price target on shares of Analog Devices in a research report on Friday, November 17th. Twelve equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $97.21.
Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Tuesday, November 21st. The semiconductor company reported $1.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.09. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.50 billion. Analog Devices had a return on equity of 18.78% and a net margin of 14.22%. The firm’s revenue was up 53.4% compared to the same quarter last year. During the same quarter last year, the business posted $1.05 EPS. equities research analysts predict that Analog Devices, Inc. will post 5.2 EPS for the current fiscal year.
In other Analog Devices news, SVP Yusuf Jamal sold 718 shares of the stock in a transaction dated Wednesday, January 3rd. The stock was sold at an average price of $90.89, for a total transaction of $65,259.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Margaret K. Seif sold 7,000 shares of the stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $84.53, for a total value of $591,710.00. Following the transaction, the senior vice president now owns 20,404 shares of the company’s stock, valued at approximately $1,724,750.12. The disclosure for this sale can be found here. Insiders have sold a total of 186,066 shares of company stock worth $16,159,623 in the last ninety days. 1.10% of the stock is currently owned by company insiders.
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About Analog Devices
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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