Advisor Group Inc. increased its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 85.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 16,380 shares of the semiconductor company’s stock after acquiring an additional 7,555 shares during the quarter. Advisor Group Inc.’s holdings in Analog Devices were worth $1,413,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Franklin Resources Inc. lifted its position in shares of Analog Devices by 54.1% during the 2nd quarter. Franklin Resources Inc. now owns 9,251,799 shares of the semiconductor company’s stock valued at $719,786,000 after acquiring an additional 3,248,336 shares during the period. Janus Henderson Group PLC lifted its position in shares of Analog Devices by 576.1% during the 2nd quarter. Janus Henderson Group PLC now owns 1,785,372 shares of the semiconductor company’s stock valued at $138,903,000 after acquiring an additional 1,521,316 shares during the period. BlackRock Inc. lifted its position in shares of Analog Devices by 6.2% during the 2nd quarter. BlackRock Inc. now owns 24,482,633 shares of the semiconductor company’s stock valued at $1,904,749,000 after acquiring an additional 1,437,338 shares during the period. Prudential PLC lifted its position in shares of Analog Devices by 23,301.9% during the 2nd quarter. Prudential PLC now owns 1,304,189 shares of the semiconductor company’s stock worth $101,466,000 after buying an additional 1,298,616 shares during the last quarter. Finally, FMR LLC lifted its position in shares of Analog Devices by 14.6% during the 2nd quarter. FMR LLC now owns 8,889,572 shares of the semiconductor company’s stock worth $691,608,000 after buying an additional 1,132,549 shares during the last quarter. 87.08% of the stock is currently owned by hedge funds and other institutional investors.
Analog Devices, Inc. (NASDAQ ADI) traded down $0.61 during trading on Monday, reaching $84.79. The company had a trading volume of 3,723,591 shares, compared to its average volume of 2,982,247. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.13 and a current ratio of 1.47. The stock has a market capitalization of $31,260.00, a PE ratio of 18.25, a price-to-earnings-growth ratio of 1.58 and a beta of 1.29. Analog Devices, Inc. has a twelve month low of $70.15 and a twelve month high of $93.99.
Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.09. The company 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 quarterly revenue was up 53.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.05 EPS. equities research analysts predict that Analog Devices, Inc. will post 5.2 EPS for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Friday, December 1st will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.80 annualized dividend and a dividend yield of 2.12%. Analog Devices’s payout ratio is 90.91%.
Several analysts recently weighed in on the company. B. Riley restated a “buy” rating and set a $110.00 price objective on shares of Analog Devices in a research report on Sunday, August 27th. Stifel Nicolaus dropped their target price on Analog Devices from $100.00 to $98.00 and set a “buy” rating for the company in a research report on Wednesday, November 22nd. Morgan Stanley reiterated an “overweight” rating and issued a $103.00 target price (up from $98.00) on shares of Analog Devices in a research report on Wednesday, November 22nd. Royal Bank Of Canada increased their price target on Analog Devices from $92.00 to $95.00 and gave the company an “outperform” rating in a research note on Thursday, August 31st. Finally, ValuEngine cut Analog Devices from a “buy” rating to a “hold” rating in a research note on Thursday, September 21st. Eleven investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and an average target price of $96.04.
In other Analog Devices news, Director Ray Stata sold 25,000 shares of the stock in a transaction on Friday, September 15th. The stock was sold at an average price of $83.50, for a total value of $2,087,500.00. Following the completion of the sale, the director now owns 234,481 shares in the company, valued at approximately $19,579,163.50. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP Jean Philibert sold 5,098 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $90.24, for a total transaction of $460,043.52. Following the completion of the transaction, the senior vice president now directly owns 5,098 shares of the company’s stock, valued at approximately $460,043.52. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 112,256 shares of company stock worth $9,687,884. 1.10% of the stock is owned by 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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