Whittier Trust Co. of Nevada Inc. increased its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 51.0% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,406 shares of the semiconductor company’s stock after buying an additional 475 shares during the period. Whittier Trust Co. of Nevada Inc.’s holdings in Analog Devices were worth $109,000 as of its most recent filing with the SEC.
Other hedge funds and other institutional investors have also bought and sold shares of the company. Quadrature Capital Ltd increased its position in shares of Analog Devices by 8.8% in the fourth quarter. Quadrature Capital Ltd now owns 40,730 shares of the semiconductor company’s stock worth $2,958,000 after buying an additional 3,278 shares during the last quarter. USA Financial Portformulas Corp purchased a new position in shares of Analog Devices during the fourth quarter worth about $7,926,000. Kentucky Retirement Systems purchased a new position in shares of Analog Devices during the fourth quarter worth about $1,624,000. Kentucky Retirement Systems Insurance Trust Fund purchased a new position in shares of Analog Devices during the fourth quarter worth about $725,000. Finally, Highbridge Capital Management LLC purchased a new position in shares of Analog Devices during the fourth quarter worth about $4,324,000. 86.67% of the stock is currently owned by institutional investors and hedge funds.
Analog Devices, Inc. (ADI) traded up 0.23% on Friday, reaching $77.74. 1,884,655 shares of the company’s stock were exchanged. The company has a 50 day moving average price of $79.05 and a 200-day moving average price of $79.82. The company has a market capitalization of $28.53 billion, a PE ratio of 29.77 and a beta of 1.30. Analog Devices, Inc. has a 1-year low of $59.01 and a 1-year high of $90.49.
Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, May 31st. The semiconductor company reported $1.03 EPS for the quarter, beating the consensus estimate of $0.85 by $0.18. Analog Devices had a return on equity of 19.39% and a net margin of 20.88%. The business had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the prior year, the business posted $0.64 earnings per share. Analog Devices’s revenue was up 41.2% compared to the same quarter last year. On average, equities research analysts anticipate that Analog Devices, Inc. will post $4.37 earnings per share for the current year.
Several analysts have weighed in on the stock. UBS AG reissued a “neutral” rating and set a $94.00 target price (up previously from $83.00) on shares of Analog Devices in a research report on Saturday, June 3rd. B. Riley reissued a “buy” rating and set a $103.00 target price on shares of Analog Devices in a research report on Tuesday, June 27th. Royal Bank Of Canada reissued a “buy” rating and set a $92.00 target price on shares of Analog Devices in a research report on Friday, August 4th. BidaskClub upgraded shares of Analog Devices from a “sell” rating to a “hold” rating in a research note on Wednesday. Finally, Stifel Nicolaus restated a “buy” rating and set a $97.00 price objective (up from $95.00) on shares of Analog Devices in a research note on Thursday, June 1st. Two analysts have rated the stock with a sell rating, ten have assigned a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. The stock currently has an average rating of “Buy” and a consensus price target of $89.92.
In other Analog Devices news, CEO Vincent Roche sold 47,500 shares of the company’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $86.50, for a total value of $4,108,750.00. Following the transaction, the chief executive officer now directly owns 61,484 shares of the company’s stock, valued at approximately $5,318,366. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, SVP Margaret K. Seif sold 3,000 shares of the company’s stock in a transaction dated Monday, May 22nd. The stock was sold at an average price of $81.54, for a total value of $244,620.00. Following the completion of the transaction, the senior vice president now directly owns 20,404 shares in the company, valued at $1,663,742.16. The disclosure for this sale can be found here. Over the last three months, insiders sold 61,086 shares of company stock valued at $5,202,514. 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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