Cape Cod Five Cents Savings Bank lifted its position in Analog Devices, Inc. (NASDAQ:ADI) by 23.9% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 24,693 shares of the semiconductor company’s stock after purchasing an additional 4,766 shares during the quarter. Cape Cod Five Cents Savings Bank’s holdings in Analog Devices were worth $2,127,000 as of its most recent SEC filing.
Several other large investors have also recently made changes to their positions in ADI. Boston Family Office LLC grew its holdings in Analog Devices by 37.9% during the second quarter. Boston Family Office LLC now owns 7,287 shares of the semiconductor company’s stock worth $567,000 after acquiring an additional 2,004 shares during the period. Aviance Capital Management LLC acquired a new stake in Analog Devices during the first quarter worth about $226,000. Prospera Financial Services Inc grew its holdings in Analog Devices by 1.2% during the second quarter. Prospera Financial Services Inc now owns 21,196 shares of the semiconductor company’s stock worth $1,648,000 after acquiring an additional 253 shares during the period. Captrust Financial Advisors acquired a new stake in Analog Devices during the second quarter worth about $1,130,000. Finally, Trust Co. of Vermont grew its holdings in Analog Devices by 8.3% during the second quarter. Trust Co. of Vermont now owns 35,491 shares of the semiconductor company’s stock worth $2,762,000 after acquiring an additional 2,707 shares during the period. Hedge funds and other institutional investors own 86.65% of the company’s stock.
Several analysts recently commented on ADI shares. Jefferies Group LLC reaffirmed a “buy” rating on shares of Analog Devices in a report on Monday, July 10th. Royal Bank Of Canada reaffirmed a “buy” rating and set a $92.00 target price on shares of Analog Devices in a report on Friday, August 4th. BidaskClub lowered Analog Devices from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. B. Riley reaffirmed a “buy” rating and set a $103.00 target price on shares of Analog Devices in a report on Thursday, August 17th. Finally, BMO Capital Markets reaffirmed an “outperform” rating and set a $100.00 target price (up from $96.00) on shares of Analog Devices in a report on Tuesday, August 29th. Eleven research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $93.65.
In other Analog Devices news, SVP Peter Real sold 4,505 shares of Analog Devices stock in a transaction on Monday, October 23rd. The stock was sold at an average price of $89.43, for a total value of $402,882.15. Following the sale, the senior vice president now owns 13,531 shares in the company, valued at $1,210,077.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director James Champy sold 12,500 shares of Analog Devices stock in a transaction on Tuesday, October 24th. The shares were sold at an average price of $90.00, for a total value of $1,125,000.00. Following the completion of the sale, the director now owns 21,910 shares in the company, valued at approximately $1,971,900. The disclosure for this sale can be found here. Insiders sold 135,994 shares of company stock worth $11,604,048 in the last 90 days. Company insiders own 1.10% of the company’s stock.
Shares of Analog Devices, Inc. (NASDAQ ADI) remained flat at $$91.81 during trading on Monday. The company had a trading volume of 371,397 shares, compared to its average volume of 1,760,000. Analog Devices, Inc. has a one year low of $62.50 and a one year high of $92.96. The stock has a market cap of $33,970.00, a PE ratio of 21.45, a P/E/G ratio of 1.78 and a beta of 1.32. The company has a quick ratio of 1.52, a current ratio of 1.99 and a debt-to-equity ratio of 0.83.
Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, August 30th. The semiconductor company reported $1.26 EPS for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.11. Analog Devices had a return on equity of 19.06% and a net margin of 14.77%. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter last year, the business posted $0.82 earnings per share. The firm’s revenue was up 64.9% compared to the same quarter last year. research analysts forecast that Analog Devices, Inc. will post 4.6 EPS for the current fiscal year.
Analog Devices 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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