Taurus Asset Management LLC Purchases 27,905 Shares of Analog Devices, Inc. (ADI)

Taurus Asset Management LLC raised its position in Analog Devices, Inc. (NASDAQ:ADI) by 18.9% in the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 175,440 shares of the semiconductor company’s stock after acquiring an additional 27,905 shares during the quarter. Analog Devices makes up about 2.4% of Taurus Asset Management LLC’s holdings, making the stock its 13th biggest holding. Taurus Asset Management LLC’s holdings in Analog Devices were worth $15,118,000 at the end of the most recent reporting period.

Other institutional investors have also recently modified their holdings of the company. Oppenheimer Asset Management Inc. lifted its position in shares of Analog Devices by 8.8% during the 3rd quarter. Oppenheimer Asset Management Inc. now owns 131,434 shares of the semiconductor company’s stock worth $11,325,000 after buying an additional 10,673 shares during the last quarter. First Republic Investment Management Inc. lifted its position in shares of Analog Devices by 7.5% during the 3rd quarter. First Republic Investment Management Inc. now owns 38,979 shares of the semiconductor company’s stock worth $3,358,000 after buying an additional 2,704 shares during the last quarter. L & S Advisors Inc lifted its position in shares of Analog Devices by 43.6% during the 3rd quarter. L & S Advisors Inc now owns 80,920 shares of the semiconductor company’s stock worth $6,973,000 after buying an additional 24,552 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in shares of Analog Devices by 0.7% during the 3rd quarter. Asset Management One Co. Ltd. now owns 586,496 shares of the semiconductor company’s stock worth $50,523,000 after buying an additional 4,043 shares during the last quarter. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp lifted its position in shares of Analog Devices by 1.0% during the 3rd quarter. BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp now owns 187,636 shares of the semiconductor company’s stock worth $16,169,000 after buying an additional 1,768 shares during the last quarter. Institutional investors own 87.08% of the company’s stock.

Analog Devices, Inc. (NASDAQ ADI) opened at $85.41 on Thursday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 1.13. The stock has a market cap of $31,271.38, a price-to-earnings ratio of 18.13, a price-to-earnings-growth ratio of 1.57 and a beta of 1.29. Analog Devices, Inc. has a 12 month low of $70.52 and a 12 month high of $93.99.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.09. The company had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Analog Devices had a net margin of 14.22% and a return on equity of 18.78%. Analog Devices’s revenue was up 53.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.05 EPS. equities research analysts anticipate that Analog Devices, Inc. will post 5.2 earnings per share for the current fiscal year.

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Friday, December 1st will be paid a $0.45 dividend. The ex-dividend date is Thursday, November 30th. This represents a $1.80 annualized dividend and a yield of 2.11%. Analog Devices’s dividend payout ratio is currently 86.96%.

In other news, Director Ray Stata sold 25,000 shares of the company’s stock in a transaction on Friday, September 15th. The shares were sold at an average price of $83.50, for a total transaction of $2,087,500.00. Following the transaction, the director now directly owns 234,481 shares of the company’s stock, valued at approximately $19,579,163.50. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Vincent Roche sold 100,000 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $85.17, for a total transaction of $8,517,000.00. The disclosure for this sale can be found here. Insiders sold a total of 219,256 shares of company stock worth $18,796,594 over the last three months. 1.10% of the stock is currently owned by corporate insiders.

Several analysts recently commented on the stock. BidaskClub upgraded shares of Analog Devices from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Drexel Hamilton reiterated a “buy” rating and issued a $105.00 price target on shares of Analog Devices in a research report on Wednesday, August 30th. Jefferies Group reiterated a “buy” rating and issued a $100.00 price target on shares of Analog Devices in a research report on Thursday, October 19th. Citigroup reiterated a “neutral” rating and issued a $88.00 price target (down previously from $91.00) on shares of Analog Devices in a research report on Friday, September 1st. Finally, Zacks Investment Research upgraded shares of Analog Devices from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a research report on Tuesday, October 10th. Eleven analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $96.04.

WARNING: This piece was originally published by Community Financial News and is owned by of Community Financial News. If you are accessing this piece on another site, it was illegally stolen and republished in violation of U.S. and international trademark and copyright legislation. The correct version of this piece can be read at https://www.com-unik.info/2017/12/07/taurus-asset-management-llc-purchases-27905-shares-of-analog-devices-inc-adi.html.

About Analog Devices

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.

Want to see what other hedge funds are holding ADI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Analog Devices, Inc. (NASDAQ:ADI).

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

What are top analysts saying about Analog Devices Inc.? - Enter your email address in the form below to receive our free daily email newsletter that contains the latest headlines and analysts' recommendations for for Analog Devices Inc. and related companies.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit