Analog Devices, Inc. (ADI) Shares Bought by KBC Group NV

KBC Group NV increased its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 92.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 140,728 shares of the semiconductor company’s stock after buying an additional 67,573 shares during the period. KBC Group NV’s holdings in Analog Devices were worth $12,529,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds also recently added to or reduced their stakes in ADI. Ameritas Investment Partners Inc. boosted its holdings in Analog Devices by 7.0% during the second quarter. Ameritas Investment Partners Inc. now owns 14,953 shares of the semiconductor company’s stock worth $1,163,000 after buying an additional 972 shares in the last quarter. Advisory Services Network LLC boosted its holdings in Analog Devices by 3.1% during the second quarter. Advisory Services Network LLC now owns 3,349 shares of the semiconductor company’s stock worth $261,000 after buying an additional 100 shares in the last quarter. Cetera Investment Advisers boosted its holdings in Analog Devices by 22.8% during the second quarter. Cetera Investment Advisers now owns 7,314 shares of the semiconductor company’s stock worth $570,000 after buying an additional 1,356 shares in the last quarter. Archford Capital Strategies LLC boosted its holdings in Analog Devices by 3,590.9% during the second quarter. Archford Capital Strategies LLC now owns 4,466 shares of the semiconductor company’s stock worth $158,000 after buying an additional 4,345 shares in the last quarter. Finally, Toronto Dominion Bank boosted its holdings in Analog Devices by 25.4% during the second quarter. Toronto Dominion Bank now owns 128,820 shares of the semiconductor company’s stock worth $10,021,000 after buying an additional 26,076 shares in the last quarter. 85.80% of the stock is currently owned by hedge funds and other institutional investors.

Analog Devices, Inc. (NASDAQ ADI) opened at $84.34 on Wednesday. Analog Devices, Inc. has a 52-week low of $74.65 and a 52-week high of $98.38. 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 company has a market cap of $31,695.92, a P/E ratio of 40.74, a P/E/G ratio of 1.57 and a beta of 1.28.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.36 by $0.09. Analog Devices had a net margin of 14.22% and a return on equity of 18.78%. The firm had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the business posted $1.05 earnings per share. Analog Devices’s revenue for the quarter was up 53.4% compared to the same quarter last year. equities research analysts expect that Analog Devices, Inc. will post 5.2 EPS for the current fiscal year.

In other Analog Devices news, SVP Margaret K. Seif sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $84.53, for a total transaction of $591,710.00. Following the completion of the sale, the senior vice president now directly owns 20,404 shares in the company, valued at $1,724,750.12. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP Jean Philibert sold 5,098 shares of the business’s stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $90.24, for a total transaction of $460,043.52. Following the sale, the senior vice president now owns 5,098 shares of the company’s stock, valued at $460,043.52. The disclosure for this sale can be found here. Insiders have sold 186,061 shares of company stock valued at $16,163,741 in the last ninety days. 0.70% of the stock is currently owned by company insiders.

A number of brokerages have issued reports on ADI. Stifel Nicolaus lifted their target price on shares of Analog Devices from $97.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, November 16th. BidaskClub upgraded shares of Analog Devices from a “hold” rating to a “buy” rating in a research report on Saturday, January 20th. B. Riley restated a “buy” rating and set a $113.00 target price (up previously 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 target price on shares of Analog Devices in a research report on Thursday, October 19th. Finally, Piper Jaffray Companies upgraded shares of Analog Devices from a “neutral” rating to an “overweight” rating and set a $92.00 target price for the company in a research report on Tuesday. Ten equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Analog Devices currently has a consensus rating of “Buy” and an average price target of $97.21.

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Analog Devices Company 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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