Pratt Collard Advisory Partners LLC bought a new position in Analog Devices, Inc. (NASDAQ:ADI) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,114 shares of the semiconductor company’s stock, valued at approximately $544,000.
A number of other institutional investors have also recently made changes to their positions in ADI. Sit Investment Associates Inc. grew its stake in shares of Analog Devices by 381.1% during the fourth quarter. Sit Investment Associates Inc. now owns 1,275 shares of the semiconductor company’s stock worth $114,000 after acquiring an additional 1,010 shares during the last quarter. Cerebellum GP LLC purchased a new stake in shares of Analog Devices during the fourth quarter worth about $130,000. Fieldpoint Private Securities LLC grew its stake in shares of Analog Devices by 91.6% during the third quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock worth $127,000 after acquiring an additional 705 shares during the last quarter. Clear Perspective Advisors LLC grew its stake in shares of Analog Devices by 3,884.2% during the third quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock worth $130,000 after acquiring an additional 1,476 shares during the last quarter. Finally, NEXT Financial Group Inc grew its stake in shares of Analog Devices by 64.4% during the third quarter. NEXT Financial Group Inc now owns 1,532 shares of the semiconductor company’s stock worth $136,000 after acquiring an additional 600 shares during the last quarter. Institutional investors and hedge funds own 87.03% of the company’s stock.
In other Analog Devices news, Director Kenton J. Sicchitano sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $91.45, for a total value of $685,875.00. Following the completion of the transaction, the director now directly owns 25,285 shares of the company’s stock, valued at $2,312,313.25. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Jean Philibert sold 5,098 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $90.24, for a total value 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 $460,043.52. The disclosure for this sale can be found here. Insiders sold 169,061 shares of company stock valued at $14,631,741 over the last three months. 1.10% of the stock is currently owned by corporate insiders.
A number of equities research analysts have recently weighed in on the company. Stifel Nicolaus dropped their price target on Analog Devices from $100.00 to $98.00 and set a “buy” rating on the stock in a research note on Wednesday, November 22nd. Morgan Stanley restated an “overweight” rating and set a $103.00 price target (up previously from $98.00) on shares of Analog Devices in a research note on Wednesday, November 22nd. BidaskClub upgraded Analog Devices from a “hold” rating to a “buy” rating in a research note on Saturday. Drexel Hamilton restated a “buy” rating and set a $105.00 price target on shares of Analog Devices in a research note on Tuesday, November 21st. Finally, KeyCorp restated a “buy” rating and set a $107.00 price target on shares of Analog Devices in a research note on Friday, November 24th. Eleven analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $97.21.
Shares of Analog Devices, Inc. (NASDAQ:ADI) traded down $0.18 during midday trading on Tuesday, reaching $96.47. The company had a trading volume of 3,246,607 shares, compared to its average volume of 2,906,273. The stock has a market capitalization of $35,560.00, a price-to-earnings ratio of 48.72, a P/E/G ratio of 1.78 and a beta of 1.29. Analog Devices, Inc. has a 52-week low of $72.56 and a 52-week high of $98.38. The company has a current ratio of 1.47, a quick ratio of 1.13 and a debt-to-equity ratio of 0.74.
Analog Devices (NASDAQ:ADI) last issued its earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 EPS for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.09. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.50 billion. Analog Devices had a return on equity of 18.78% and a net margin of 14.22%. Analog Devices’s revenue for the quarter was up 53.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.05 earnings per share. sell-side analysts anticipate that Analog Devices, Inc. will post 5.2 earnings per share for the current year.
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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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