Cetera Investment Advisers Has $570,000 Stake in Analog Devices, Inc. (NASDAQ:ADI)

Cetera Investment Advisers lifted its stake in Analog Devices, Inc. (NASDAQ:ADI) by 22.8% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,314 shares of the semiconductor company’s stock after acquiring an additional 1,356 shares during the period. Cetera Investment Advisers’ holdings in Analog Devices were worth $570,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Waldron LP grew its stake in Analog Devices by 40.9% during the 1st quarter. Waldron LP now owns 4,166 shares of the semiconductor company’s stock worth $341,000 after buying an additional 1,210 shares during the last quarter. Principal Financial Group Inc. grew its stake in Analog Devices by 17.8% during the 1st quarter. Principal Financial Group Inc. now owns 553,093 shares of the semiconductor company’s stock worth $45,326,000 after buying an additional 83,511 shares during the last quarter. Wellington Management Group LLP grew its stake in Analog Devices by 14.4% during the 1st quarter. Wellington Management Group LLP now owns 18,479,225 shares of the semiconductor company’s stock worth $1,514,372,000 after buying an additional 2,319,193 shares during the last quarter. FMR LLC grew its stake in Analog Devices by 52.2% during the 1st 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, Probity Advisors Inc. grew its stake in Analog Devices by 32.1% during the 1st quarter. Probity Advisors Inc. now owns 6,036 shares of the semiconductor company’s stock valued at $495,000 after purchasing an additional 1,466 shares during the last quarter. 86.60% of the stock is owned by hedge funds and other institutional investors.

In related news, Director James Champy sold 12,500 shares of the firm’s stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $90.00, for a total value of $1,125,000.00. Following the transaction, the director now directly owns 21,910 shares in the company, valued at approximately $1,971,900. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Ray Stata sold 25,000 shares of the firm’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $83.50, for a total transaction of $2,087,500.00. Following the completion of the transaction, the director now owns 234,481 shares in the company, valued at $19,579,163.50. The disclosure for this sale can be found here. Insiders have sold a total of 135,994 shares of company stock worth $11,604,048 in the last 90 days. 1.10% of the stock is owned by insiders.

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Analog Devices, Inc. (NASDAQ ADI) traded up 0.36% during mid-day trading on Friday, reaching $90.89. The company’s stock had a trading volume of 553,091 shares. The stock has a market capitalization of $33.42 billion, a P/E ratio of 45.24 and a beta of 1.30. The stock’s 50 day moving average price is $85.96 and its 200 day moving average price is $81.11. Analog Devices, Inc. has a 1-year low of $62.50 and a 1-year high of $91.21.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.11. The company 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 company’s revenue was up 64.9% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.82 EPS. Analysts expect that Analog Devices, Inc. will post $4.62 EPS for the current fiscal year.

Several analysts have weighed in on ADI shares. Jefferies Group LLC reiterated a “buy” rating on shares of Analog Devices in a research note on Monday, July 10th. Royal Bank Of Canada restated a “buy” rating and issued a $92.00 target price on shares of Analog Devices in a research note on Friday, August 4th. BidaskClub downgraded Analog Devices from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. B. Riley restated a “buy” rating and issued a $103.00 target price on shares of Analog Devices in a research note on Thursday, August 17th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and issued a $100.00 price target (up previously from $96.00) on shares of Analog Devices in a report on Tuesday, August 29th. Eleven research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $93.65.

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.

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

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