Paragon Capital Management Ltd Acquires New Position in Analog Devices, Inc. (ADI)

Paragon Capital Management Ltd bought a new position in Analog Devices, Inc. (NASDAQ:ADI) during the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 3,224 shares of the semiconductor company’s stock, valued at approximately $278,000.

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.

In other news, SVP Margaret K. Seif sold 3,000 shares of the business’s stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $77.81, for a total transaction of $233,430.00. Following the transaction, the senior vice president now directly owns 20,404 shares in the company, valued at $1,587,635.24. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James Champy sold 12,500 shares of the business’s stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $90.00, for a total transaction of $1,125,000.00. Following the transaction, the director now owns 21,910 shares in the company, valued at $1,971,900. The disclosure for this sale can be found here. Insiders sold 135,994 shares of company stock valued at $11,604,048 over the last ninety days. Corporate insiders own 1.10% of the company’s stock.

Shares of Analog Devices, Inc. (NASDAQ ADI) traded up $0.44 on Tuesday, reaching $90.03. 2,428,800 shares of the company were exchanged, compared to its average volume of 2,938,769. Analog Devices, Inc. has a 52-week low of $65.33 and a 52-week high of $92.96. The stock has a market capitalization of $32,939.35, a PE ratio of 20.93, a PEG ratio of 1.74 and a beta of 1.32. 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 announced its quarterly earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.11. Analog Devices had a net margin of 14.77% and a return on equity of 19.06%. The firm 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 earnings per share. Analog Devices’s quarterly revenue was up 64.9% compared to the same quarter last year. analysts anticipate that Analog Devices, Inc. will post 4.6 earnings per share for the current fiscal year.

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.

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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.

Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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