Lido Advisors LLC reduced its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 0.5% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 207,604 shares of the semiconductor company’s stock after selling 1,041 shares during the period. Analog Devices accounts for about 3.2% of Lido Advisors LLC’s portfolio, making the stock its 5th largest holding. Lido Advisors LLC owned 0.06% of Analog Devices worth $18,954,000 at the end of the most recent reporting period.
Other large investors have also recently bought and sold shares of the company. Boston Family Office LLC boosted its holdings in shares of Analog Devices by 37.9% during the 2nd quarter. Boston Family Office LLC now owns 7,287 shares of the semiconductor company’s stock worth $567,000 after purchasing an additional 2,004 shares during the last quarter. Captrust Financial Advisors acquired a new position in shares of Analog Devices during the 2nd quarter worth approximately $1,130,000. ZWJ Investment Counsel Inc. boosted its holdings in shares of Analog Devices by 56.0% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 8,270 shares of the semiconductor company’s stock worth $713,000 after purchasing an additional 2,970 shares during the last quarter. Renaissance Technologies LLC boosted its holdings in shares of Analog Devices by 4.5% during the 2nd quarter. Renaissance Technologies LLC now owns 2,207,893 shares of the semiconductor company’s stock worth $171,774,000 after purchasing an additional 94,804 shares during the last quarter. Finally, Dupont Capital Management Corp boosted its holdings in shares of Analog Devices by 34.2% during the 2nd quarter. Dupont Capital Management Corp now owns 14,481 shares of the semiconductor company’s stock worth $1,127,000 after purchasing an additional 3,690 shares during the last quarter. Institutional investors own 87.08% of the company’s stock.
In other news, SVP Jean Philibert sold 5,098 shares of the company’s stock in a transaction on Wednesday, November 22nd. The stock was sold at an average price of $90.24, for a total transaction of $460,043.52. Following the sale, the senior vice president now owns 5,098 shares of the company’s stock, valued at $460,043.52. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Margaret K. Seif sold 6,345 shares of the company’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $88.49, for a total value of $561,469.05. Following the sale, the senior vice president now directly owns 20,404 shares in the company, valued at approximately $1,805,549.96. The disclosure for this sale can be found here. Insiders have sold 112,256 shares of company stock worth $9,687,884 over the last 90 days. 1.10% of the stock is owned by insiders.
Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 EPS for the quarter, topping analysts’ consensus estimates of $1.36 by $0.09. Analog Devices had a return on equity of 18.78% and a net margin of 14.22%. The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the firm earned $1.05 earnings per share. The firm’s revenue was up 53.4% compared to the same quarter last year. sell-side analysts predict that Analog Devices, Inc. will post 5.2 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Friday, December 1st will be paid a dividend of $0.45 per share. This represents a $1.80 dividend on an annualized basis and a yield of 2.12%. The ex-dividend date of this dividend is Thursday, November 30th. Analog Devices’s dividend payout ratio (DPR) is 86.96%.
Several research analysts have recently weighed in on the company. KeyCorp restated a “buy” rating and set a $107.00 target price on shares of Analog Devices in a report on Friday, November 24th. Morgan Stanley restated an “overweight” rating and set a $103.00 target price (up from $98.00) on shares of Analog Devices in a report on Wednesday, November 22nd. Stifel Nicolaus decreased their price objective on Analog Devices from $100.00 to $98.00 and set a “buy” rating on the stock in a report on Wednesday, November 22nd. Jefferies Group upped their price objective on Analog Devices to $110.00 and gave the company a “buy” rating in a report on Wednesday, November 22nd. Finally, B. Riley upped their price objective on Analog Devices from $110.00 to $113.00 and gave the company a “buy” rating in a report on Wednesday, November 22nd. Eleven 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 stock presently has a consensus rating of “Buy” and an average target price of $96.04.
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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