Analog Devices, Inc. (ADI) Shares Sold by Benjamin F. Edwards & Company Inc.

Benjamin F. Edwards & Company Inc. reduced its stake in Analog Devices, Inc. (NASDAQ:ADI) by 0.7% during the second quarter, according to its most recent filing with the SEC. The fund owned 10,844 shares of the semiconductor company’s stock after selling 81 shares during the period. Benjamin F. Edwards & Company Inc.’s holdings in Analog Devices were worth $844,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of ADI. Gulf International Bank UK Ltd increased its stake in Analog Devices by 20.7% in the first quarter. Gulf International Bank UK Ltd now owns 112,570 shares of the semiconductor company’s stock valued at $9,225,000 after buying an additional 19,287 shares during the last quarter. Exxonmobil Investment Management Inc. TX increased its stake in Analog Devices by 13.3% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 80,822 shares of the semiconductor company’s stock valued at $6,623,000 after buying an additional 9,491 shares during the last quarter. Creative Planning increased its stake in Analog Devices by 33.0% in the first quarter. Creative Planning now owns 11,776 shares of the semiconductor company’s stock valued at $965,000 after buying an additional 2,919 shares during the last quarter. New England Research & Management Inc. bought a new stake in Analog Devices during the first quarter valued at about $862,000. Finally, Catawba Capital Management VA increased its stake in Analog Devices by 3.0% in the first quarter. Catawba Capital Management VA now owns 4,011 shares of the semiconductor company’s stock valued at $329,000 after buying an additional 116 shares during the last quarter. Hedge funds and other institutional investors own 86.67% of the company’s stock.

Analog Devices, Inc. (NASDAQ ADI) opened at 77.74 on Friday. The firm has a market capitalization of $28.53 billion, a price-to-earnings ratio of 29.77 and a beta of 1.30. The company has a 50 day moving average price of $79.05 and a 200-day moving average price of $79.82. Analog Devices, Inc. has a 52 week low of $59.01 and a 52 week high of $90.49.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, May 31st. The semiconductor company reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.18. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Analog Devices had a return on equity of 19.39% and a net margin of 20.88%. The company’s quarterly revenue was up 41.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $0.64 EPS. Equities analysts predict that Analog Devices, Inc. will post $4.37 earnings per share for the current year.

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ADI has been the topic of several recent analyst reports. Zacks Investment Research downgraded Analog Devices from a “strong-buy” rating to a “hold” rating in a report on Monday, May 15th. Stephens upgraded Analog Devices from an “equal weight” rating to an “overweight” rating in a report on Monday, April 24th. Morgan Stanley reaffirmed an “overweight” rating and set a $93.00 target price on shares of Analog Devices in a research note on Tuesday, May 9th. Credit Suisse Group reaffirmed a “buy” rating and set a $100.00 target price on shares of Analog Devices in a research note on Friday, May 26th. Finally, Goldman Sachs Group, Inc. (The) reaffirmed a “neutral” rating and set a $90.00 target price (up previously from $87.00) 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 issued a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $89.92.

In other news, SVP Margaret K. Seif sold 3,000 shares of the business’s stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $80.35, for a total transaction of $241,050.00. Following the completion of the transaction, the senior vice president now owns 20,404 shares of the company’s stock, valued at approximately $1,639,461.40. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Peter Real sold 4,505 shares of the business’s stock in a transaction on Friday, July 21st. The stock was sold at an average price of $80.07, for a total value of $360,715.35. Following the transaction, the senior vice president now directly owns 13,531 shares of the company’s stock, valued at approximately $1,083,427.17. The disclosure for this sale can be found here. Insiders have sold a total of 61,086 shares of company stock valued at $5,202,514 in the last three months. 1.10% of the stock is owned by 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.

Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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