Analog Devices (ADI) Holdings Lifted by Neuburgh Advisers LLC

Neuburgh Advisers LLC grew its position in Analog Devices (NASDAQ:ADI) by 29.3% in the 1st quarter, according to its most recent disclosure with the SEC. The fund owned 12,144 shares of the semiconductor company’s stock after buying an additional 2,750 shares during the period. Neuburgh Advisers LLC’s holdings in Analog Devices were worth $1,107,000 as of its most recent SEC filing.

A number of other institutional investors have also recently modified their holdings of ADI. Massachusetts Financial Services Co. MA raised its holdings in Analog Devices by 30.2% in the first quarter. Massachusetts Financial Services Co. MA now owns 13,729,787 shares of the semiconductor company’s stock worth $1,251,195,000 after buying an additional 3,184,232 shares during the last quarter. Sterling Capital Management LLC purchased a new position in Analog Devices in the fourth quarter worth about $87,511,000. Boston Partners purchased a new position in Analog Devices in the fourth quarter worth about $67,877,000. American Century Companies Inc. raised its holdings in Analog Devices by 69.9% in the fourth quarter. American Century Companies Inc. now owns 1,683,434 shares of the semiconductor company’s stock worth $149,876,000 after buying an additional 692,814 shares during the last quarter. Finally, Wells Fargo & Company MN raised its holdings in Analog Devices by 6.6% in the first quarter. Wells Fargo & Company MN now owns 8,608,728 shares of the semiconductor company’s stock worth $784,513,000 after buying an additional 532,620 shares during the last quarter. 88.88% of the stock is owned by institutional investors and hedge funds.

Shares of ADI stock opened at $94.88 on Friday. The company has a debt-to-equity ratio of 0.71, a current ratio of 1.76 and a quick ratio of 1.31. The company has a market capitalization of $35.15 billion, a PE ratio of 20.10, a P/E/G ratio of 1.41 and a beta of 1.24. Analog Devices has a 52 week low of $76.07 and a 52 week high of $98.38.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, February 28th. The semiconductor company reported $1.42 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.29 by $0.13. The company had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.49 billion. Analog Devices had a net margin of 13.80% and a return on equity of 18.78%. The firm’s quarterly revenue was up 54.4% compared to the same quarter last year. During the same period in the previous year, the business posted $0.94 earnings per share. equities research analysts anticipate that Analog Devices will post 5.63 EPS for the current fiscal year.

Several research analysts have issued reports on ADI shares. Zacks Investment Research cut shares of Analog Devices from a “buy” rating to a “hold” rating in a report on Tuesday, March 6th. BidaskClub cut shares of Analog Devices from a “hold” rating to a “sell” rating in a report on Saturday, February 17th. UBS raised shares of Analog Devices from a “market perform” rating to an “outperform” rating in a report on Monday, March 26th. Raymond James upgraded shares of Analog Devices from a “market perform” rating to an “outperform” rating and set a $105.00 price target for the company in a research note on Monday, March 26th. Finally, Sanford C. Bernstein upgraded shares of Analog Devices from a “market perform” rating to an “outperform” rating and set a $105.00 price target for the company in a research note on Tuesday, February 20th. Seven equities research analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $101.21.

In related news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $89.89, for a total transaction of $898,900.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Margaret K. Seif sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, March 5th. The shares were sold at an average price of $88.83, for a total transaction of $621,810.00. The disclosure for this sale can be found here. Insiders have sold 67,106 shares of company stock valued at $6,060,346 over the last 90 days. 1.10% of the stock is currently owned by company insiders.

About Analog Devices

Analog Devices, Inc designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits (ICs), algorithms, software, and subsystems. It offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency ICs to support cellular infrastructure.

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