Hall Laurie J Trustee increased its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 8.5% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 17,855 shares of the semiconductor company’s stock after purchasing an additional 1,395 shares during the quarter. Hall Laurie J Trustee’s holdings in Analog Devices were worth $1,590,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other large investors have also made changes to their positions in the company. Neuberger Berman Group LLC lifted its holdings in Analog Devices by 97.4% in the third quarter. Neuberger Berman Group LLC now owns 4,303,569 shares of the semiconductor company’s stock valued at $370,839,000 after acquiring an additional 2,123,268 shares during the period. Janus Henderson Group PLC increased its position in Analog Devices by 576.1% in the second quarter. Janus Henderson Group PLC now owns 1,785,372 shares of the semiconductor company’s stock worth $138,903,000 after buying an additional 1,521,316 shares in the last quarter. Prudential PLC increased its position in Analog Devices by 23,301.9% in the second 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 in the last quarter. Alkeon Capital Management LLC increased its position in Analog Devices by 25.1% in the third quarter. Alkeon Capital Management LLC now owns 2,526,537 shares of the semiconductor company’s stock worth $217,712,000 after buying an additional 507,000 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its position in Analog Devices by 13.7% in the third quarter. First Eagle Investment Management LLC now owns 3,654,773 shares of the semiconductor company’s stock worth $314,932,000 after buying an additional 439,675 shares in the last quarter. 85.80% of the stock is currently owned by hedge funds and other institutional investors.
A number of analysts have commented on the company. Piper Jaffray Companies upgraded Analog Devices from a “neutral” rating to an “overweight” rating and set a $92.00 price target for the company in a research report on Tuesday. BidaskClub cut Analog Devices from a “hold” rating to a “sell” rating in a research report on Thursday, December 14th. Royal Bank of Canada reiterated a “buy” rating and set a $100.00 target price on shares of Analog Devices in a research report on Thursday, January 4th. KeyCorp reiterated a “buy” rating and set a $107.00 target price on shares of Analog Devices in a research report on Friday, November 24th. Finally, B. Riley increased their price target on Analog Devices from $110.00 to $113.00 and gave the company a “buy” rating in a research note on Wednesday, November 22nd. Ten equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus price target of $97.21.
Shares of Analog Devices, Inc. (ADI) traded down $0.71 during trading hours on Wednesday, hitting $84.34. The stock had a trading volume of 2,688,900 shares, compared to its average volume of 3,370,556. Analog Devices, Inc. has a twelve month low of $74.65 and a twelve month high of $98.38. The stock has a market cap of $31,090.00, a P/E ratio of 42.68, a PEG ratio of 1.57 and a beta of 1.27. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 1.13.
Analog Devices (NASDAQ:ADI) last announced its earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.09. Analog Devices had a return on equity of 18.78% and a net margin of 14.22%. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the business earned $1.05 EPS. The firm’s revenue for the quarter was up 53.4% on a year-over-year basis. sell-side analysts forecast that Analog Devices, Inc. will post 5.2 EPS for the current fiscal year.
In other news, CEO Vincent Roche sold 100,000 shares of the business’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $85.17, for a total value of $8,517,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Margaret K. Seif sold 7,000 shares of the business’s stock in a transaction dated Tuesday, December 5th. The shares were sold at an average price of $84.53, for a total value of $591,710.00. Following the completion of the transaction, the senior vice president now directly 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. Over the last 90 days, insiders have sold 186,061 shares of company stock worth $16,163,741. 0.70% of the stock is 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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