United Capital Financial Advisers LLC grew its stake in Analog Devices, Inc. (NASDAQ:ADI) by 4.2% during the second quarter, Holdings Channel reports. The firm owned 193,264 shares of the semiconductor company’s stock after purchasing an additional 7,733 shares during the period. United Capital Financial Advisers LLC’s holdings in Analog Devices were worth $21,814,000 as of its most recent SEC filing.
Other hedge funds also recently bought and sold shares of the company. Lenox Wealth Advisors LLC bought a new position in shares of Analog Devices in the second quarter valued at approximately $28,000. Berman Capital Advisors LLC lifted its holdings in shares of Analog Devices by 43.8% in the first quarter. Berman Capital Advisors LLC now owns 299 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 91 shares in the last quarter. Tortoise Investment Management LLC bought a new position in shares of Analog Devices in the second quarter valued at approximately $34,000. Mcmillion Capital Management Inc. bought a new position in shares of Analog Devices in the second quarter valued at approximately $44,000. Finally, Hanson McClain Inc. lifted its holdings in shares of Analog Devices by 44.8% in the first quarter. Hanson McClain Inc. now owns 459 shares of the semiconductor company’s stock valued at $48,000 after purchasing an additional 142 shares in the last quarter. Institutional investors own 87.52% of the company’s stock.
A number of research analysts have recently weighed in on the company. ValuEngine upgraded Analog Devices from a “hold” rating to a “buy” rating in a report on Thursday, September 5th. Royal Bank of Canada dropped their price target on Analog Devices from $140.00 to $120.00 and set an “outperform” rating on the stock in a report on Wednesday, May 22nd. Barclays upgraded Analog Devices from an “equal weight” rating to an “overweight” rating and lifted their price target for the stock from $105.00 to $130.00 in a report on Thursday. BidaskClub upgraded Analog Devices from a “sell” rating to a “hold” rating in a report on Saturday, August 31st. Finally, SunTrust Banks dropped their price target on Analog Devices to $122.00 and set a “buy” rating on the stock in a report on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $111.67.
Shares of ADI traded up $0.42 during mid-day trading on Friday, hitting $116.63. The stock had a trading volume of 71,145 shares, compared to its average volume of 2,117,255. The firm has a market cap of $42.93 billion, a P/E ratio of 19.66, a PEG ratio of 1.77 and a beta of 1.43. The business has a fifty day moving average price of $112.06 and a 200-day moving average price of $109.76. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.35 and a quick ratio of 0.92. Analog Devices, Inc. has a 52 week low of $76.62 and a 52 week high of $124.79.
Analog Devices (NASDAQ:ADI) last issued its earnings results on Wednesday, August 21st. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.04. The firm had revenue of $1.48 billion for the quarter, compared to analyst estimates of $1.46 billion. Analog Devices had a return on equity of 17.87% and a net margin of 24.71%. The business’s revenue was down 5.0% on a year-over-year basis. During the same period in the previous year, the company posted $1.53 earnings per share. As a group, research analysts expect that Analog Devices, Inc. will post 5.2 earnings per share for the current fiscal year.
The company also recently announced a quarterly dividend, which was paid on Wednesday, September 11th. Shareholders of record on Friday, August 30th were paid a $0.54 dividend. The ex-dividend date was Thursday, August 29th. This represents a $2.16 annualized dividend and a dividend yield of 1.85%. Analog Devices’s payout ratio is presently 36.36%.
In other Analog Devices news, SVP Joseph Hassett sold 10,040 shares of the business’s stock in a transaction on Tuesday, June 18th. The stock was sold at an average price of $109.38, for a total value of $1,098,175.20. Following the sale, the senior vice president now directly owns 32,400 shares in the company, valued at $3,543,912. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Edward H. Frank sold 14,880 shares of the business’s stock in a transaction on Wednesday, June 19th. The shares were sold at an average price of $110.51, for a total value of $1,644,388.80. Following the completion of the sale, the director now owns 16,520 shares in the company, valued at $1,825,625.20. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 71,862 shares of company stock worth $7,978,717. Corporate insiders own 0.50% of the company’s stock.
Analog Devices Profile
Analog Devices, Inc engages in the design, development, manufacture, and marketing of integrated circuits (ICs). Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable consumer devices.
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