Sei Investments Co. decreased its position in Analog Devices, Inc. (NASDAQ:ADI) by 31.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 206,925 shares of the semiconductor company’s stock after selling 93,778 shares during the period. Sei Investments Co.’s holdings in Analog Devices were worth $19,109,000 at the end of the most recent quarter.
A number of other institutional investors have also recently bought and sold shares of ADI. Sit Investment Associates Inc. boosted its holdings in Analog Devices by 381.1% during the fourth quarter. Sit Investment Associates Inc. now owns 1,275 shares of the semiconductor company’s stock worth $114,000 after buying an additional 1,010 shares during the last quarter. Cerebellum GP LLC bought a new position in Analog Devices during the fourth quarter worth about $130,000. Fieldpoint Private Securities LLC boosted its holdings in Analog Devices by 91.6% during the third quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock worth $127,000 after buying an additional 705 shares during the last quarter. Clear Perspective Advisors LLC boosted its holdings in Analog Devices by 3,884.2% during the third quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock worth $130,000 after buying an additional 1,476 shares during the last quarter. Finally, NEXT Financial Group Inc boosted its holdings in Analog Devices by 64.4% during the third quarter. NEXT Financial Group Inc now owns 1,532 shares of the semiconductor company’s stock worth $136,000 after buying an additional 600 shares during the last quarter. Institutional investors and hedge funds own 85.82% of the company’s stock.
ADI has been the topic of a number of research analyst reports. Oppenheimer reaffirmed a “buy” rating and set a $100.00 price target on shares of Analog Devices in a research report on Friday, November 17th. Royal Bank of Canada reaffirmed a “buy” rating and set a $100.00 price target on shares of Analog Devices in a research report on Thursday, January 4th. BidaskClub lowered Analog Devices from a “hold” rating to a “sell” rating in a research report on Thursday, December 14th. Stifel Nicolaus lifted their target price on Analog Devices from $97.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, November 16th. Finally, B. Riley lifted their target price on Analog Devices from $110.00 to $113.00 and gave the company a “buy” rating in a research report on Wednesday, November 22nd. One analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. Analog Devices has a consensus rating of “Buy” and a consensus price target of $97.21.
Analog Devices, Inc. (NASDAQ:ADI) opened at $86.09 on Monday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.13 and a current ratio of 1.47. Analog Devices, Inc. has a one year low of $74.65 and a one year high of $98.38. The company has a market capitalization of $32,083.50, a P/E ratio of 41.59, a PEG ratio of 1.59 and a beta of 1.28.
Analog Devices (NASDAQ:ADI) last issued its earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.09. Analog Devices had a return on equity of 18.78% and a net margin of 14.22%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the company posted $1.05 EPS. The firm’s revenue for the quarter was up 53.4% compared to the same quarter last year. research analysts anticipate that Analog Devices, Inc. will post 5.2 earnings per share for the current fiscal year.
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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.
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