GWM Advisors LLC Has $884,000 Stake in Analog Devices, Inc. (ADI)

GWM Advisors LLC grew its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 10.8% during the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 9,632 shares of the semiconductor company’s stock after purchasing an additional 941 shares during the period. GWM Advisors LLC’s holdings in Analog Devices were worth $884,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of ADI. Neuberger Berman Group LLC increased its stake in shares of 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 worth $370,839,000 after buying an additional 2,123,268 shares during the last quarter. Boston Partners bought a new stake in shares of Analog Devices in the fourth quarter worth $67,877,000. American Century Companies Inc. increased its stake in shares of Analog Devices by 69.9% in the fourth quarter. American Century Companies Inc. now owns 1,683,434 shares of the semiconductor company’s stock worth $149,876,000 after buying an additional 692,814 shares during the last quarter. Alkeon Capital Management LLC increased its stake in shares of 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 during the last quarter. Finally, First Eagle Investment Management LLC increased its stake in shares of 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 during the last quarter. Institutional investors own 85.80% of the company’s stock.

Several analysts have weighed in on the stock. BidaskClub lowered shares of Analog Devices from a “hold” rating to a “sell” rating in a research note on Saturday. Morgan Stanley reiterated an “overweight” rating and set a $103.00 target price (up previously from $98.00) on shares of Analog Devices in a research note on Wednesday, November 22nd. Stifel Nicolaus lowered their target price on shares of Analog Devices from $100.00 to $98.00 and set a “buy” rating for the company in a research note on Wednesday, November 22nd. Drexel Hamilton reiterated a “buy” rating and set a $105.00 target price on shares of Analog Devices in a research note on Tuesday, November 21st. 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 note on Tuesday. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. Analog Devices currently has a consensus rating of “Buy” and an average target price of $97.21.

In related news, SVP Gregory N. Henderson sold 4,000 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $91.52, for a total value of $366,080.00. Following the completion of the sale, the senior vice president now owns 1,163 shares of the company’s stock, valued at $106,437.76. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jean Philibert sold 5,098 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The stock was sold at an average price of $90.24, for a total transaction of $460,043.52. Following the completion of the sale, 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. In the last three months, insiders have sold 186,061 shares of company stock valued at $16,163,741. Corporate insiders own 1.10% of the company’s stock.

Analog Devices, Inc. (NASDAQ:ADI) opened at $86.09 on Friday. Analog Devices, Inc. has a 1-year low of $74.65 and a 1-year high of $98.38. The stock has a market cap of $31,826.36, a price-to-earnings ratio of 18.25, a PEG ratio of 1.58 and a beta of 1.28. 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 announced its quarterly earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share (EPS) for the quarter, beating 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 company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the company posted $1.05 earnings per share. The company’s revenue for the quarter was up 53.4% compared to the same quarter last year. sell-side analysts expect that Analog Devices, Inc. will post 5.2 EPS 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.

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

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