BTIM Corp. continued to hold its position in shares of Analog Devices, Inc. (NASDAQ:ADI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 4,164 shares of the semiconductor company’s stock at the end of the second quarter. BTIM Corp.’s holdings in Analog Devices were worth $324,000 at the end of the most recent quarter.
Other institutional investors have also recently modified their holdings of the company. Confluence Investment Management LLC boosted its position in Analog Devices by 156.6% in the first quarter. Confluence Investment Management LLC now owns 482,703 shares of the semiconductor company’s stock worth $39,558,000 after buying an additional 294,611 shares during the period. CENTRAL TRUST Co boosted its position in Analog Devices by 7.5% in the first quarter. CENTRAL TRUST Co now owns 2,333 shares of the semiconductor company’s stock worth $191,000 after buying an additional 162 shares during the period. Chevy Chase Trust Holdings Inc. boosted its position in Analog Devices by 21.8% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 313,944 shares of the semiconductor company’s stock worth $25,727,000 after buying an additional 56,244 shares during the period. Woodstock Corp bought a new position in Analog Devices during the first quarter worth $530,000. Finally, McQueen Ball & Associates Inc. bought a new position in Analog Devices during the first quarter worth $657,000. 87.50% of the stock is owned by hedge funds and other institutional investors.
Shares of Analog Devices, Inc. (NASDAQ:ADI) opened at 78.75 on Tuesday. The stock’s 50 day moving average price is $79.71 and its 200-day moving average price is $79.20. The firm has a market cap of $28.90 billion, a P/E ratio of 30.16 and a beta of 1.30. Analog Devices, Inc. has a 12 month low of $59.01 and a 12 month high of $90.49.
Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, May 31st. The semiconductor company reported $1.03 EPS for the quarter, topping analysts’ consensus estimates of $0.85 by $0.18. Analog Devices had a net margin of 20.88% and a return on equity of 19.39%. The firm had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. During the same quarter in the previous year, the business earned $0.64 EPS. The business’s quarterly revenue was up 41.2% compared to the same quarter last year. Equities research analysts anticipate that Analog Devices, Inc. will post $4.37 earnings per share for the current fiscal year.
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A number of equities analysts have recently weighed in on the company. Royal Bank Of Canada boosted their price target on Analog Devices from $90.00 to $92.00 and gave the stock an “outperform” rating in a report on Thursday, June 1st. Argus lifted their price objective on Analog Devices from $86.00 to $92.00 and gave the company an “outperform” rating in a research report on Thursday, June 1st. Drexel Hamilton reaffirmed a “buy” rating and issued a $105.00 price objective (up previously from $93.00) on shares of Analog Devices in a research report on Wednesday, May 31st. B. Riley reaffirmed a “buy” rating and issued a $103.00 price objective on shares of Analog Devices in a research report on Tuesday, May 30th. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Analog Devices in a research report on Friday, May 26th. Two equities research analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. The stock has an average rating of “Buy” and an average price target of $88.86.
In other news, Director Bruce R. Evans purchased 14,000 shares of the firm’s stock in a transaction dated Friday, July 7th. The stock was bought at an average price of $78.28 per share, with a total value of $1,095,920.00. Following the acquisition, the director now directly owns 67,540 shares of the company’s stock, valued at $5,287,031.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Margaret K. Seif sold 3,000 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $81.54, for a total transaction of $244,620.00. Following the completion of the transaction, the senior vice president now directly owns 20,404 shares of the company’s stock, valued at approximately $1,663,742.16. The disclosure for this sale can be found here. Insiders sold a total of 56,581 shares of company stock valued at $4,841,798 in the last three months. 1.10% of the stock is owned by company insiders.
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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