Sei Investments Co. lifted its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 15.1% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 300,703 shares of the semiconductor company’s stock after buying an additional 39,384 shares during the quarter. Sei Investments Co. owned about 0.08% of Analog Devices worth $24,073,000 at the end of the most recent reporting period.
Several other large investors also recently modified their holdings of ADI. Pathstone Family Office LLC raised its position in Analog Devices by 75.0% in the 2nd quarter. Pathstone Family Office LLC now owns 35 shares of the semiconductor company’s stock valued at $1,557,000 after purchasing an additional 15 shares during the last quarter. Whittier Trust Co. of Nevada Inc. raised its position in Analog Devices by 51.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,406 shares of the semiconductor company’s stock valued at $109,000 after purchasing an additional 475 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. purchased a new stake in Analog Devices in the 2nd quarter valued at $119,000. WFG Advisors LP raised its position in Analog Devices by 26.4% in the 2nd quarter. WFG Advisors LP now owns 1,579 shares of the semiconductor company’s stock valued at $123,000 after purchasing an additional 330 shares during the last quarter. Finally, Crow Point Partners LLC purchased a new stake in Analog Devices in the 3rd quarter valued at $140,000. Institutional investors and hedge funds own 86.42% of the company’s stock.
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Several analysts recently commented on the stock. BidaskClub downgraded shares of Analog Devices from a “buy” rating to a “hold” rating in a research report on Friday. Jefferies Group LLC reiterated a “buy” rating and issued a $100.00 price target on shares of Analog Devices in a research report on Thursday, October 19th. SunTrust Banks, Inc. reiterated a “buy” rating and issued a $106.00 price target on shares of Analog Devices in a research report on Thursday, October 12th. 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 report on Tuesday, October 10th. Finally, Morgan Stanley restated an “overweight” rating and set a $98.00 price objective on shares of Analog Devices in a research report on Wednesday, September 20th. Twelve research 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’s stock. The company presently has a consensus rating of “Buy” and a consensus price target of $93.65.
Analog Devices, Inc. (NASDAQ:ADI) traded down $0.11 during trading hours on Monday, hitting $89.59. 2,736,300 shares of the stock were exchanged, compared to its average volume of 2,941,108. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.52 and a current ratio of 1.99. Analog Devices, Inc. has a fifty-two week low of $64.11 and a fifty-two week high of $92.96. The firm has a market cap of $32,940.00, a PE ratio of 20.93, a PEG ratio of 1.74 and a beta of 1.32.
Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.11. Analog Devices had a net margin of 14.77% and a return on equity of 19.06%. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the prior year, the company posted $0.82 EPS. The business’s revenue for the quarter was up 64.9% on a year-over-year basis. analysts forecast that Analog Devices, Inc. will post 4.6 EPS for the current year.
In related news, Director James Champy sold 12,500 shares of the stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $90.00, for a total value of $1,125,000.00. Following the sale, the director now directly owns 21,910 shares of the company’s stock, valued at approximately $1,971,900. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ray Stata sold 25,000 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $83.50, for a total transaction of $2,087,500.00. Following the completion of the sale, the director now directly owns 234,481 shares in the company, valued at $19,579,163.50. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 135,994 shares of company stock worth $11,604,048. Corporate insiders own 1.10% of the company’s stock.
Analog Devices 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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