First Allied Advisory Services Inc. lifted its stake in Analog Devices, Inc. (NASDAQ:ADI) by 7.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 12,027 shares of the semiconductor company’s stock after purchasing an additional 833 shares during the period. First Allied Advisory Services Inc.’s holdings in Analog Devices were worth $1,071,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors also recently made changes to their positions in ADI. Intl Fcstone Inc. acquired a new stake in shares of Analog Devices in the second quarter valued at about $205,000. Eqis Capital Management Inc. acquired a new stake in shares of Analog Devices in the third quarter valued at about $422,000. Robeco Institutional Asset Management B.V. lifted its stake in shares of Analog Devices by 8.1% in the third quarter. Robeco Institutional Asset Management B.V. now owns 25,920 shares of the semiconductor company’s stock valued at $2,234,000 after purchasing an additional 1,936 shares during the period. Fisher Asset Management LLC acquired a new stake in shares of Analog Devices in the third quarter valued at about $254,000. Finally, Tributary Capital Management LLC acquired a new stake in shares of Analog Devices in the third quarter valued at about $2,054,000. Hedge funds and other institutional investors own 85.82% of the company’s stock.
In related news, SVP Margaret K. Seif sold 6,345 shares of the business’s stock in a transaction that occurred on Monday, November 27th. The shares were sold at an average price of $88.49, for a total value of $561,469.05. Following the completion of the sale, the senior vice president now directly owns 20,404 shares in the company, valued at $1,805,549.96. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Vincent Roche sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $85.17, for a total transaction of $8,517,000.00. The disclosure for this sale can be found here. In the last three months, insiders sold 180,963 shares of company stock valued at $15,703,697. Company insiders own 0.70% of the company’s stock.
Analog Devices, Inc. (NASDAQ ADI) opened at $88.41 on Wednesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 1.13. The firm has a market cap of $32,083.50, a P/E ratio of 18.40, a PEG ratio of 1.59 and a beta of 1.28. Analog Devices, Inc. has a 52-week low of $74.65 and a 52-week high of $98.38.
Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.09. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.50 billion. Analog Devices had a net margin of 14.22% and a return on equity of 18.78%. The company’s revenue was up 53.4% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.05 earnings per share. analysts forecast that Analog Devices, Inc. will post 5.2 EPS for the current year.
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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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