Quad Capital Management Advisors LLC acquired a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI) in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 3,000 shares of the semiconductor company’s stock, valued at approximately $267,000.
Several other large investors have also bought and sold shares of ADI. Nationwide Fund Advisors boosted its position in shares of Analog Devices by 7.4% during the 3rd quarter. Nationwide Fund Advisors now owns 250,791 shares of the semiconductor company’s stock valued at $21,611,000 after purchasing an additional 17,262 shares in the last quarter. Victory Capital Management Inc. lifted its stake in Analog Devices by 4.3% during the third quarter. Victory Capital Management Inc. now owns 25,734 shares of the semiconductor company’s stock valued at $2,217,000 after buying an additional 1,060 shares in the last quarter. CIBC Asset Management Inc lifted its stake in Analog Devices by 1.5% during the third quarter. CIBC Asset Management Inc now owns 49,015 shares of the semiconductor company’s stock valued at $4,224,000 after buying an additional 741 shares in the last quarter. New York State Common Retirement Fund lifted its stake in Analog Devices by 1.7% during the third quarter. New York State Common Retirement Fund now owns 946,600 shares of the semiconductor company’s stock valued at $81,569,000 after buying an additional 15,800 shares in the last quarter. Finally, Los Angeles Capital Management & Equity Research Inc. lifted its stake in Analog Devices by 2.5% during the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 133,313 shares of the semiconductor company’s stock valued at $11,488,000 after buying an additional 3,222 shares in the last quarter. Institutional investors own 88.52% of the company’s stock.
ADI has been the subject of a number of analyst reports. BidaskClub raised shares of Analog Devices from a “hold” rating to a “buy” rating in a research note on Friday, January 5th. KeyCorp reaffirmed a “buy” rating and set a $107.00 price objective on shares of Analog Devices in a research note on Friday, November 24th. Sanford C. Bernstein raised shares of Analog Devices from a “market perform” rating to an “outperform” rating and set a $105.00 price objective for the company in a research note on Tuesday, February 20th. Morgan Stanley increased their price target on shares of Analog Devices from $103.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 13th. Finally, Zacks Investment Research raised shares of Analog Devices from a “hold” rating to a “buy” rating and set a $99.00 price target for the company in a research report on Monday, March 5th. Ten research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Analog Devices currently has a consensus rating of “Buy” and a consensus price target of $100.57.
Analog Devices, Inc. (ADI) traded down $0.41 during trading hours on Friday, reaching $90.13. The company had a trading volume of 425,696 shares, compared to its average volume of 3,070,941. Analog Devices, Inc. has a 12-month low of $74.65 and a 12-month high of $98.38. The firm has a market capitalization of $34,317.77, a P/E ratio of 43.24, a P/E/G ratio of 1.39 and a beta of 1.25. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.71.
Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, February 28th. The semiconductor company reported $1.42 EPS for the quarter, topping analysts’ consensus estimates of $1.29 by $0.13. Analog Devices had a return on equity of 18.78% and a net margin of 13.80%. The firm had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.49 billion. During the same quarter in the prior year, the company posted $0.94 earnings per share. The firm’s revenue was up 54.4% on a year-over-year basis. equities analysts predict that Analog Devices, Inc. will post 5.57 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 20th. Shareholders of record on Friday, March 9th were issued a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a yield of 2.13%. The ex-dividend date was Thursday, March 8th. This is an increase from Analog Devices’s previous quarterly dividend of $0.45. Analog Devices’s dividend payout ratio (DPR) is 91.87%.
In other Analog Devices news, Director Ray Stata sold 10,000 shares of the stock in a transaction that occurred on Tuesday, January 2nd. The stock was sold at an average price of $90.22, for a total transaction of $902,200.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Margaret K. Seif sold 7,000 shares of the stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $88.50, for a total value of $619,500.00. Following the transaction, the senior vice president now owns 20,404 shares in the company, valued at approximately $1,805,754. The disclosure for this sale can be found here. In the last quarter, insiders have sold 71,427 shares of company stock worth $6,483,250. Corporate insiders own 1.10% of the company’s stock.
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Analog Devices Company Profile
Analog Devices, Inc designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits (ICs), algorithms, software, and subsystems. It offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency ICs to support cellular infrastructure.
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