Rothschild Investment Corp IL purchased a new stake in Analog Devices, Inc. (NASDAQ:ADI) during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm purchased 10,600 shares of the semiconductor company’s stock, valued at approximately $913,000.
Other institutional investors have also bought and sold shares of the company. Lazard Asset Management LLC acquired a new stake in Analog Devices in the first quarter valued at $100,000. Whittier Trust Co. of Nevada Inc. raised its stake in Analog Devices by 51.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,406 shares of the semiconductor company’s stock valued at $109,000 after buying an additional 475 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. acquired a new stake in Analog Devices in the second quarter valued at $119,000. WFG Advisors LP raised its stake in Analog Devices by 26.4% in the second quarter. WFG Advisors LP now owns 1,579 shares of the semiconductor company’s stock valued at $123,000 after buying an additional 330 shares in the last quarter. Finally, Rockefeller Financial Services Inc. raised its stake in Analog Devices by 7,478.3% in the second quarter. Rockefeller Financial Services Inc. now owns 1,743 shares of the semiconductor company’s stock valued at $136,000 after buying an additional 1,720 shares in the last quarter. Institutional investors own 86.65% of the company’s stock.
Shares of Analog Devices, Inc. (NASDAQ:ADI) opened at 91.21 on Monday. The firm has a 50-day moving average price of $86.46 and a 200-day moving average price of $81.26. The stock has a market cap of $33.53 billion, a price-to-earnings ratio of 45.40 and a beta of 1.30. Analog Devices, Inc. has a one year low of $62.50 and a one year high of $91.38.
Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.15 by $0.11. Analog Devices had a net margin of 14.77% and a return on equity of 19.06%. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the prior year, the firm earned $0.82 EPS. Analog Devices’s quarterly revenue was up 64.9% on a year-over-year basis. Analysts anticipate that Analog Devices, Inc. will post $4.62 earnings per share for the current fiscal year.
In other news, SVP Margaret K. Seif sold 3,000 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $77.81, for a total value of $233,430.00. Following the completion of the transaction, the senior vice president now directly owns 20,404 shares in the company, valued at $1,587,635.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James Champy sold 12,500 shares of the stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $90.00, for a total transaction of $1,125,000.00. Following the completion of the transaction, the director now owns 21,910 shares of the company’s stock, valued at $1,971,900. The disclosure for this sale can be found here. In the last 90 days, insiders sold 135,994 shares of company stock valued at $11,604,048. 1.10% of the stock is owned by insiders.
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A number of analysts have weighed in on ADI shares. Jefferies Group LLC restated a “buy” rating on shares of Analog Devices in a research note on Monday, July 10th. BidaskClub cut Analog Devices from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Citigroup Inc. reiterated a “neutral” rating and set a $88.00 target price (down previously from $91.00) on shares of Analog Devices in a research report on Friday, September 1st. Royal Bank Of Canada reiterated a “buy” rating and set a $92.00 target price on shares of Analog Devices in a research report on Friday, August 4th. Finally, Robert W. Baird reiterated an “outperform” rating and set a $100.00 target price (up previously from $98.00) on shares of Analog Devices in a research report on Thursday, August 31st. Eleven investment analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and a consensus price target of $93.65.
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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