Broderick Brian C lifted its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 0.7% during the 3rd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 71,346 shares of the semiconductor company’s stock after purchasing an additional 528 shares during the quarter. Analog Devices comprises 2.7% of Broderick Brian C’s investment portfolio, making the stock its 12th biggest holding. Broderick Brian C’s holdings in Analog Devices were worth $7,971,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Lenox Wealth Advisors LLC bought a new stake in Analog Devices in the second quarter worth $28,000. Assetmark Inc. boosted its holdings in Analog Devices by 120.6% in the second quarter. Assetmark Inc. now owns 289 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 158 shares in the last quarter. Tortoise Investment Management LLC bought a new stake in Analog Devices in the second quarter worth $34,000. Webster Bank N. A. boosted its holdings in Analog Devices by 150.0% in the third quarter. Webster Bank N. A. now owns 340 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 204 shares in the last quarter. Finally, Mcmillion Capital Management Inc. bought a new stake in Analog Devices in the second quarter worth $44,000. Institutional investors own 87.58% of the company’s stock.
Several equities research analysts have commented on ADI shares. Daiwa Capital Markets started coverage on Analog Devices in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $121.00 target price on the stock. Barclays raised Analog Devices from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $105.00 to $130.00 in a report on Thursday, September 12th. Loop Capital boosted their target price on Analog Devices to $125.00 and gave the stock a “buy” rating in a report on Friday, September 27th. Morgan Stanley boosted their target price on Analog Devices from $97.00 to $100.00 and gave the stock an “equal weight” rating in a report on Thursday, August 22nd. Finally, ValuEngine downgraded Analog Devices from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $114.33.
ADI stock opened at $112.03 on Thursday. Analog Devices, Inc. has a 1-year low of $80.08 and a 1-year high of $124.79. The business has a fifty day moving average price of $110.65 and a 200-day moving average price of $110.40. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.35 and a quick ratio of 0.92. The stock has a market capitalization of $41.15 billion, a P/E ratio of 20.25, a P/E/G ratio of 2.01 and a beta of 1.42.
Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, August 21st. The semiconductor company reported $1.26 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $1.22 by $0.04. Analog Devices had a return on equity of 17.87% and a net margin of 24.71%. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the previous year, the business earned $1.53 earnings per share. The company’s revenue was down 5.0% on a year-over-year basis. As a group, analysts anticipate that Analog Devices, Inc. will post 5.2 earnings per share for the current year.
In related news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $108.96, for a total transaction of $1,089,600.00. Following the completion of the sale, the chief executive officer now owns 31,206 shares in the company, valued at $3,400,205.76. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Martin Cotter sold 463 shares of the company’s stock in a transaction on Friday, September 20th. The shares were sold at an average price of $115.76, for a total value of $53,596.88. Following the sale, the senior vice president now owns 173 shares of the company’s stock, valued at approximately $20,026.48. The disclosure for this sale can be found here. Insiders sold 53,362 shares of company stock valued at $5,780,793 in the last 90 days. Company insiders own 0.50% of the company’s stock.
Analog Devices Profile
Analog Devices, Inc engages in the design, development, manufacture, and marketing of integrated circuits (ICs). Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable consumer devices.
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