Fayerweather Charles increased its position in Analog Devices, Inc. (NASDAQ:ADI) by 10.2% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 13,822 shares of the semiconductor company’s stock after buying an additional 1,280 shares during the period. Analog Devices accounts for about 1.6% of Fayerweather Charles’ investment portfolio, making the stock its 24th biggest position. Fayerweather Charles’ holdings in Analog Devices were worth $1,192,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors also recently modified their holdings of the company. Boston Family Office LLC grew its stake in shares of Analog Devices by 37.9% during the second quarter. Boston Family Office LLC now owns 7,287 shares of the semiconductor company’s stock valued at $567,000 after buying an additional 2,004 shares during the last quarter. Aviance Capital Management LLC purchased a new stake in shares of Analog Devices in the first quarter valued at approximately $226,000. Prospera Financial Services Inc boosted its holdings in shares of Analog Devices by 1.2% in the second quarter. Prospera Financial Services Inc now owns 21,196 shares of the semiconductor company’s stock valued at $1,648,000 after purchasing an additional 253 shares during the period. Captrust Financial Advisors purchased a new stake in shares of Analog Devices in the second quarter valued at approximately $1,130,000. Finally, KCG Holdings Inc. boosted its holdings in shares of Analog Devices by 455.1% in the first quarter. KCG Holdings Inc. now owns 24,624 shares of the semiconductor company’s stock valued at $2,018,000 after purchasing an additional 20,188 shares during the period. 86.42% of the stock is currently owned by institutional investors.
A number of analysts have weighed in on the company. B. Riley reissued a “buy” rating and issued a $110.00 target price on shares of Analog Devices in a research report on Sunday, August 27th. Drexel Hamilton reissued a “buy” rating and issued a $105.00 target price on shares of Analog Devices in a research report on Wednesday, August 30th. BidaskClub raised Analog Devices from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Jefferies Group LLC reaffirmed a “buy” rating and set a $100.00 price target on shares of Analog Devices in a research report on Thursday, October 19th. Finally, Zacks Investment Research raised Analog Devices from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research report on Tuesday, October 10th. Twelve equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $93.65.
In other news, SVP Gregory N. Henderson sold 6,396 shares of the company’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $84.34, for a total value of $539,438.64. Following the completion of the sale, the senior vice president now directly owns 10,327 shares of the company’s stock, valued at $870,979.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Peter Real sold 4,505 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $82.13, for a total transaction of $369,995.65. Following the completion of the sale, the senior vice president now directly owns 13,531 shares of the company’s stock, valued at $1,111,301.03. The disclosure for this sale can be found here. Over the last three months, insiders sold 135,994 shares of company stock valued at $11,604,048. 1.10% of the stock is owned by corporate insiders.
Analog Devices, Inc. (ADI) traded up $0.44 during trading on Tuesday, hitting $90.03. 2,428,800 shares of the stock traded hands, compared to its average volume of 2,938,769. The stock has a market cap of $32,939.35, a PE ratio of 20.93, a P/E/G ratio of 1.74 and a beta of 1.32. Analog Devices, Inc. has a 1-year low of $65.33 and a 1-year high of $92.96. The company has a current ratio of 1.99, a quick ratio of 1.52 and a debt-to-equity ratio of 0.83.
Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.11. Analog Devices had a net margin of 14.77% and a return on equity of 19.06%. The business had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the previous year, the company earned $0.82 EPS. The company’s revenue for the quarter was up 64.9% on a year-over-year basis. sell-side analysts expect that Analog Devices, Inc. will post 4.6 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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