Federated Investors Inc. PA reduced its position in Analog Devices, Inc. (NASDAQ:ADI) by 18.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,714 shares of the semiconductor company’s stock after selling 1,504 shares during the period. Federated Investors Inc. PA’s holdings in Analog Devices were worth $488,000 as of its most recent filing with the SEC.
Other institutional investors also recently modified their holdings of the company. Evercore Wealth Management LLC increased its position in shares of Analog Devices by 7.5% in the second quarter. Evercore Wealth Management LLC now owns 1,773 shares of the semiconductor company’s stock worth $100,000 after buying an additional 123 shares in the last quarter. Peddock Capital Advisors LLC bought a new position in shares of Analog Devices during the third quarter worth approximately $101,000. Penserra Capital Management LLC increased its position in shares of Analog Devices by 94.4% in the third quarter. Penserra Capital Management LLC now owns 1,932 shares of the semiconductor company’s stock worth $123,000 after buying an additional 938 shares in the last quarter. CENTRAL TRUST Co increased its position in shares of Analog Devices by 33.3% in the third quarter. CENTRAL TRUST Co now owns 2,521 shares of the semiconductor company’s stock worth $162,000 after buying an additional 630 shares in the last quarter. Finally, Mosaic Family Wealth LLC boosted its stake in shares of Analog Devices by 31.0% in the third quarter. Mosaic Family Wealth LLC now owns 2,698 shares of the semiconductor company’s stock valued at $174,000 after buying an additional 638 shares during the last quarter. Institutional investors and hedge funds own 90.38% of the company’s stock.
Analog Devices, Inc. (NASDAQ:ADI) traded down 1.36% during mid-day trading on Friday, reaching $77.59. 3,440,439 shares of the company traded hands. The firm has a market capitalization of $23.99 billion, a price-to-earnings ratio of 26.46 and a beta of 1.19. The stock’s 50 day moving average price is $81.19 and its 200 day moving average price is $73.74. Analog Devices, Inc. has a 52 week low of $52.17 and a 52 week high of $84.24. Analog Devices also was the recipient of unusually large options trading on Friday. Stock investors acquired 5,114 put options on the company. This is an increase of approximately 813% compared to the typical daily volume of 560 put options.
Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Wednesday, February 15th. The semiconductor company reported $0.94 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.74 by $0.20. The firm had revenue of $984 million for the quarter, compared to analysts’ expectations of $871.58 million. Analog Devices had a return on equity of 19.31% and a net margin of 25.18%. Analog Devices’s revenue was up 27.9% on a year-over-year basis. During the same quarter last year, the business posted $0.56 EPS. Equities analysts forecast that Analog Devices, Inc. will post $4.00 EPS for the current year.
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Several equities research analysts have recently weighed in on the stock. B. Riley reaffirmed a “buy” rating and issued a $87.00 price target on shares of Analog Devices in a research report on Monday, February 13th. Drexel Hamilton upped their price target on shares of Analog Devices to $93.00 and gave the stock a “buy” rating in a research report on Thursday, February 16th. Jefferies Group LLC increased their target price on shares of Analog Devices from $84.00 to $94.00 and gave the company a “buy” rating in a research report on Thursday, February 16th. Zacks Investment Research cut shares of Analog Devices from a “hold” rating to a “sell” rating in a research report on Tuesday, January 31st. Finally, Pacific Crest increased their target price on shares of Analog Devices to $98.00 and gave the company an “overweight” rating in a research report on Tuesday, March 7th. Seven investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. The company has an average rating of “Buy” and an average target price of $83.72.
In other news, CAO Eileen Wynne sold 5,945 shares of Analog Devices stock in a transaction dated Tuesday, April 18th. The stock was sold at an average price of $75.96, for a total transaction of $451,582.20. Following the completion of the sale, the chief accounting officer now directly owns 3,305 shares in the company, valued at approximately $251,047.80. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Ray Stata sold 50,000 shares of Analog Devices stock in a transaction dated Wednesday, March 15th. The shares were sold at an average price of $83.29, for a total value of $4,164,500.00. Following the sale, the director now owns 259,481 shares of the company’s stock, valued at $21,612,172.49. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 157,855 shares of company stock worth $12,980,888. Company insiders own 1.10% of the company’s stock.
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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