Analog Devices, Inc. (ADI) Shares Bought by New Mexico Educational Retirement Board

New Mexico Educational Retirement Board lifted its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 3.5% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 35,291 shares of the semiconductor company’s stock after acquiring an additional 1,200 shares during the period. New Mexico Educational Retirement Board’s holdings in Analog Devices were worth $3,142,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds have also bought and sold shares of the company. Neuberger Berman Group LLC increased its position in Analog Devices by 97.4% in the 3rd quarter. Neuberger Berman Group LLC now owns 4,303,569 shares of the semiconductor company’s stock valued at $370,839,000 after buying an additional 2,123,268 shares in the last quarter. Boston Partners bought a new stake in Analog Devices in the 4th quarter valued at about $67,877,000. American Century Companies Inc. increased its position in Analog Devices by 69.9% in the 4th quarter. American Century Companies Inc. now owns 1,683,434 shares of the semiconductor company’s stock valued at $149,876,000 after buying an additional 692,814 shares in the last quarter. Alkeon Capital Management LLC increased its position in Analog Devices by 25.1% in the 3rd quarter. Alkeon Capital Management LLC now owns 2,526,537 shares of the semiconductor company’s stock valued at $217,712,000 after buying an additional 507,000 shares in the last quarter. Finally, First Eagle Investment Management LLC increased its position in Analog Devices by 13.7% in the 3rd quarter. First Eagle Investment Management LLC now owns 3,654,773 shares of the semiconductor company’s stock valued at $314,932,000 after buying an additional 439,675 shares in the last quarter. 85.80% of the stock is owned by hedge funds and other institutional investors.

In other news, SVP Margaret K. Seif sold 7,000 shares of the business’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $84.53, for a total value of $591,710.00. Following the transaction, the senior vice president now owns 20,404 shares in the company, valued at approximately $1,724,750.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Vincent Roche sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $85.17, for a total value of $8,517,000.00. The disclosure for this sale can be found here. Insiders sold a total of 186,061 shares of company stock worth $16,163,741 in the last 90 days. Company insiders own 1.10% of the company’s stock.

Analog Devices, Inc. (NASDAQ:ADI) opened at $85.13 on Thursday. 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 $31,431.32, a P/E ratio of 41.13, a PEG ratio of 1.56 and a beta of 1.28. The company has a quick ratio of 1.13, a current ratio of 1.47 and a debt-to-equity ratio of 0.74.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share for the quarter, topping analysts’ consensus estimates of $1.36 by $0.09. Analog Devices had a return on equity of 18.78% and a net margin of 14.22%. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the business earned $1.05 EPS. The company’s revenue was up 53.4% compared to the same quarter last year. research analysts forecast that Analog Devices, Inc. will post 5.2 earnings per share for the current fiscal year.

A number of brokerages recently commented on ADI. BidaskClub raised Analog Devices from a “hold” rating to a “buy” rating in a research report on Saturday, January 20th. Drexel Hamilton reaffirmed a “buy” rating and issued a $105.00 target price on shares of Analog Devices in a research report on Tuesday, November 21st. Royal Bank of Canada reaffirmed a “buy” rating and issued a $100.00 target price on shares of Analog Devices in a research report on Thursday, January 4th. Oppenheimer reaffirmed a “buy” rating and issued a $100.00 target price on shares of Analog Devices in a research report on Friday, November 17th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $103.00 price target (up previously from $98.00) on shares of Analog Devices in a research note on Wednesday, November 22nd. Ten research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $97.21.

COPYRIGHT VIOLATION NOTICE: “Analog Devices, Inc. (ADI) Shares Bought by New Mexico Educational Retirement Board” was first posted by Week Herald and is owned by of Week Herald. If you are viewing this article on another website, it was copied illegally and reposted in violation of United States and international copyright laws. The correct version of this article can be accessed at https://weekherald.com/2018/02/15/analog-devices-inc-adi-shares-bought-by-new-mexico-educational-retirement-board.html.

Analog Devices Company 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)

Receive News & Ratings for Analog Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Analog Devices and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply