Richard C. Young & CO. LTD. acquired a new stake in Analog Devices, Inc. (NASDAQ:ADI) in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 4,086 shares of the semiconductor company’s stock, valued at approximately $352,000.
Other large investors have also recently bought and sold shares of the company. Franklin Resources Inc. grew its holdings in Analog Devices by 54.1% in the second quarter. Franklin Resources Inc. now owns 9,251,799 shares of the semiconductor company’s stock valued at $719,786,000 after purchasing an additional 3,248,336 shares during the period. Janus Henderson Group PLC grew its holdings in Analog Devices by 576.1% in the second quarter. Janus Henderson Group PLC now owns 1,785,372 shares of the semiconductor company’s stock valued at $138,903,000 after purchasing an additional 1,521,316 shares during the period. BlackRock Inc. grew its holdings in Analog Devices by 6.2% in the second quarter. BlackRock Inc. now owns 24,482,633 shares of the semiconductor company’s stock valued at $1,904,749,000 after purchasing an additional 1,437,338 shares during the period. Prudential PLC grew its holdings in Analog Devices by 23,301.9% in the second quarter. Prudential PLC now owns 1,304,189 shares of the semiconductor company’s stock valued at $101,466,000 after purchasing an additional 1,298,616 shares during the period. Finally, FMR LLC grew its holdings in Analog Devices by 14.6% in the second quarter. FMR LLC now owns 8,889,572 shares of the semiconductor company’s stock valued at $691,608,000 after purchasing an additional 1,132,549 shares during the period. 87.44% of the stock is owned by institutional investors and hedge funds.
ADI has been the subject of a number of recent analyst reports. BidaskClub upgraded shares of Analog Devices from a “sell” rating to a “hold” rating in a report on Wednesday, August 16th. Drexel Hamilton restated a “buy” rating and issued a $105.00 target price on shares of Analog Devices in a report on Wednesday, August 30th. Jefferies Group LLC restated a “buy” rating and issued a $100.00 target price on shares of Analog Devices in a report on Thursday, October 19th. Citigroup Inc. reiterated a “neutral” rating and set a $88.00 price objective (down from $91.00) on shares of Analog Devices in a research note on Friday, September 1st. Finally, Zacks Investment Research upgraded shares of Analog Devices from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a research note on Tuesday, October 10th. Eleven analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $96.04.
Analog Devices, Inc. (NASDAQ:ADI) opened at $89.15 on Monday. The firm has a market cap of $32,863.90, a price-to-earnings ratio of 19.05, a PEG ratio of 1.68 and a beta of 1.32. The company has a quick ratio of 1.52, a current ratio of 1.47 and a debt-to-equity ratio of 0.74. Analog Devices, Inc. has a 52 week low of $68.42 and a 52 week high of $93.99.
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, beating the consensus estimate of $1.36 by $0.09. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.50 billion. Analog Devices had a net margin of 14.22% and a return on equity of 18.78%. The business’s quarterly revenue was up 53.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.05 earnings per share. analysts anticipate that Analog Devices, Inc. will post 5.17 EPS for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Friday, December 1st will be paid a $0.45 dividend. The ex-dividend date of this dividend is Thursday, November 30th. This represents a $1.80 annualized dividend and a dividend yield of 2.02%. Analog Devices’s dividend payout ratio (DPR) is presently 86.96%.
In other news, Director James Champy sold 5,000 shares of the company’s stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $87.00, for a total value of $435,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Peter Real sold 4,505 shares of the company’s stock in a transaction on 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 transaction, the senior vice president now owns 13,531 shares of the company’s stock, valued at $1,111,301.03. The disclosure for this sale can be found here. Insiders sold 132,994 shares of company stock valued at $11,370,618 over the last 90 days. Insiders own 1.10% of the company’s stock.
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About Analog Devices
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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