Teachers Advisors LLC grew its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 4.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 817,624 shares of the semiconductor company’s stock after acquiring an additional 32,679 shares during the period. Teachers Advisors LLC owned 0.22% of Analog Devices worth $72,793,000 as of its most recent SEC filing.
A number of other institutional investors have also modified their holdings of ADI. Sit Investment Associates Inc. grew its stake in shares of Analog Devices by 381.1% in the 4th quarter. Sit Investment Associates Inc. now owns 1,275 shares of the semiconductor company’s stock valued at $114,000 after buying an additional 1,010 shares during the period. Icon Wealth Partners LLC acquired a new stake in shares of Analog Devices in the 4th quarter valued at about $121,000. Fieldpoint Private Securities LLC grew its stake in shares of Analog Devices by 91.6% in the 3rd quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock valued at $127,000 after buying an additional 705 shares during the period. Clear Perspective Advisors LLC grew its stake in shares of Analog Devices by 3,884.2% in the 3rd quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock valued at $130,000 after buying an additional 1,476 shares during the period. Finally, Cerebellum GP LLC acquired a new stake in shares of Analog Devices in the 4th quarter valued at about $130,000. Hedge funds and other institutional investors own 88.55% of the company’s stock.
Shares of Analog Devices stock traded down $2.63 during mid-day trading on Friday, hitting $88.31. 2,294,318 shares of the stock were exchanged, compared to its average volume of 2,549,651. Analog Devices, Inc. has a 12 month low of $74.65 and a 12 month high of $98.38. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.71. The stock has a market cap of $33,629.94, a P/E ratio of 18.71, a P/E/G ratio of 1.35 and a beta of 1.22.
Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, February 28th. The semiconductor company reported $1.42 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.29 by $0.13. Analog Devices had a net margin of 13.80% and a return on equity of 18.78%. The firm had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.49 billion. During the same quarter last year, the firm earned $0.94 EPS. The company’s quarterly revenue was up 54.4% compared to the same quarter last year. equities analysts anticipate that Analog Devices, Inc. will post 5.63 EPS for the current year.
The business also recently declared a quarterly dividend, which was paid on Tuesday, March 20th. Investors of record on Friday, March 9th were issued a $0.48 dividend. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.17%. The ex-dividend date was Thursday, March 8th. This is a boost from Analog Devices’s previous quarterly dividend of $0.45. Analog Devices’s payout ratio is 40.68%.
ADI has been the subject of several research reports. Zacks Investment Research downgraded Analog Devices from a “buy” rating to a “hold” rating in a research note on Tuesday, March 6th. BidaskClub downgraded Analog Devices from a “hold” rating to a “sell” rating in a research note on Saturday, February 17th. Raymond James Financial upgraded Analog Devices from a “market perform” rating to an “outperform” rating and set a $105.00 target price for the company in a research note on Monday, March 26th. Royal Bank of Canada restated a “buy” rating and issued a $100.00 target price on shares of Analog Devices in a research note on Thursday, January 4th. Finally, UBS upgraded Analog Devices from a “market perform” rating to an “outperform” rating in a research note on Monday, March 26th. Seven analysts have rated the stock with a hold rating and twenty have given a buy rating to the company. The company has a consensus rating of “Buy” and a consensus price target of $100.79.
In related news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $91.25, for a total value of $912,500.00. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director James Champy sold 2,455 shares of Analog Devices stock in a transaction that occurred on Thursday, March 22nd. The stock was sold at an average price of $92.18, for a total transaction of $226,301.90. Following the completion of the sale, the director now directly owns 13,220 shares in the company, valued at approximately $1,218,619.60. The disclosure for this sale can be found here. Insiders sold a total of 59,164 shares of company stock worth $5,363,713 in the last ninety days. 1.10% of the stock is currently owned by insiders.
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About Analog Devices
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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