UBS Asset Management Americas Inc. decreased its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 0.9% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,096,172 shares of the semiconductor company’s stock after selling 10,170 shares during the period. UBS Asset Management Americas Inc. owned approximately 0.29% of Analog Devices worth $97,592,000 as of its most recent SEC filing.
Other large investors have also bought and sold shares of the company. Bank of New York Mellon Corp boosted its stake in Analog Devices by 3.1% during the fourth quarter. Bank of New York Mellon Corp now owns 3,178,510 shares of the semiconductor company’s stock valued at $282,983,000 after buying an additional 94,402 shares during the period. ZWJ Investment Counsel Inc. boosted its stake in Analog Devices by 56.0% during the third quarter. ZWJ Investment Counsel Inc. now owns 8,270 shares of the semiconductor company’s stock valued at $713,000 after buying an additional 2,970 shares during the period. Chevy Chase Trust Holdings Inc. boosted its stake in Analog Devices by 1.4% during the third quarter. Chevy Chase Trust Holdings Inc. now owns 320,720 shares of the semiconductor company’s stock valued at $27,636,000 after buying an additional 4,416 shares during the period. Deprince Race & Zollo Inc. bought a new stake in Analog Devices during the fourth quarter valued at $19,757,000. Finally, Page Arthur B boosted its stake in Analog Devices by 5.2% during the third quarter. Page Arthur B now owns 28,785 shares of the semiconductor company’s stock valued at $2,480,000 after buying an additional 1,410 shares during the period. 85.82% of the stock is owned by institutional investors.
In other news, SVP Margaret K. Seif sold 7,000 shares of the business’s stock in a transaction dated Monday, February 5th. The stock was sold at an average price of $88.50, for a total value of $619,500.00. Following the completion of the sale, the senior vice president now owns 20,404 shares of the company’s stock, valued at approximately $1,805,754. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Vincent Roche sold 100,000 shares of the business’s stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $85.17, for a total value of $8,517,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 180,963 shares of company stock valued at $15,703,697. 0.70% of the stock is currently owned by corporate insiders.
Several equities research analysts recently issued reports on ADI shares. BidaskClub lowered Analog Devices from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Stifel Nicolaus lifted their price objective on Analog Devices from $97.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, November 16th. B. Riley reissued a “buy” rating and set a $113.00 price objective (up previously from $110.00) on shares of Analog Devices in a research note on Thursday, November 16th. Oppenheimer reissued a “buy” rating and set a $100.00 price objective on shares of Analog Devices in a research note on Friday, November 17th. Finally, Drexel Hamilton reissued a “buy” rating and set a $105.00 price objective on shares of Analog Devices in a research note on Tuesday, November 21st. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and nineteen have issued a buy rating to the company. The stock presently has an average rating of “Buy” and a consensus price target of $97.52.
Shares of Analog Devices, Inc. (ADI) opened at $88.41 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 quick ratio of 1.13, a current ratio of 1.47 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $32,083.50, a PE ratio of 18.40, a PEG ratio of 1.59 and a beta of 1.28.
Analog Devices (NASDAQ:ADI) last released its earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.09. Analog Devices had a return on equity of 18.78% and a net margin of 14.22%. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the previous year, the company posted $1.05 EPS. Analog Devices’s revenue for the quarter was up 53.4% on a year-over-year basis. analysts expect 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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