Aperio Group LLC Has $17.72 Million Position in Analog Devices (ADI)

Aperio Group LLC lifted its holdings in Analog Devices (NASDAQ:ADI) by 4.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 194,455 shares of the semiconductor company’s stock after buying an additional 8,634 shares during the quarter. Aperio Group LLC owned 0.05% of Analog Devices worth $17,721,000 as of its most recent SEC filing.

Several other institutional investors have also bought and sold shares of the stock. BlackRock Inc. boosted its stake in shares of Analog Devices by 1.0% in the fourth quarter. BlackRock Inc. now owns 23,933,612 shares of the semiconductor company’s stock valued at $2,130,809,000 after buying an additional 244,533 shares in the last quarter. Massachusetts Financial Services Co. MA raised its holdings in Analog Devices by 30.2% during the first quarter. Massachusetts Financial Services Co. MA now owns 13,729,787 shares of the semiconductor company’s stock worth $1,251,195,000 after purchasing an additional 3,184,232 shares during the last quarter. Wells Fargo & Company MN raised its holdings in Analog Devices by 6.6% during the first quarter. Wells Fargo & Company MN now owns 8,608,728 shares of the semiconductor company’s stock worth $784,513,000 after purchasing an additional 532,620 shares during the last quarter. Geode Capital Management LLC raised its holdings in Analog Devices by 2.9% during the fourth quarter. Geode Capital Management LLC now owns 3,988,453 shares of the semiconductor company’s stock worth $354,369,000 after purchasing an additional 111,215 shares during the last quarter. Finally, Bank of New York Mellon Corp raised its holdings in Analog Devices by 3.1% during the fourth quarter. Bank of New York Mellon Corp now owns 3,178,510 shares of the semiconductor company’s stock worth $282,983,000 after purchasing an additional 94,402 shares during the last quarter. Hedge funds and other institutional investors own 88.88% of the company’s stock.

Several equities analysts recently issued reports on ADI shares. BidaskClub raised Analog Devices from a “hold” rating to a “buy” rating in a report on Saturday, January 20th. Piper Jaffray raised Analog Devices from a “neutral” rating to an “overweight” rating and set a $92.00 price objective for the company in a report on Tuesday, February 13th. Sanford C. Bernstein raised Analog Devices from a “market perform” rating to an “outperform” rating and set a $105.00 price objective for the company in a report on Tuesday, February 20th. B. Riley reaffirmed a “buy” rating and set a $122.00 price objective (up from $113.00) on shares of Analog Devices in a report on Wednesday, February 28th. Finally, BMO Capital Markets lifted their price objective on Analog Devices from $100.00 to $107.00 and gave the stock an “outperform” rating in a report on Thursday, March 1st. Seven analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. Analog Devices presently has a consensus rating of “Buy” and an average price target of $101.21.

In related news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction on Thursday, March 1st. The stock was sold at an average price of $89.89, for a total value of $898,900.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Margaret K. Seif sold 7,000 shares of the company’s stock in a transaction on Monday, May 7th. The shares were sold at an average price of $89.86, for a total value of $629,020.00. Following the completion of the transaction, the senior vice president now owns 24,517 shares of the company’s stock, valued at $2,203,097.62. The disclosure for this sale can be found here. Over the last three months, insiders sold 67,106 shares of company stock valued at $6,060,346. Insiders own 1.10% of the company’s stock.

NASDAQ ADI opened at $95.04 on Friday. Analog Devices has a fifty-two week low of $93.58 and a fifty-two week high of $94.49. The firm has a market capitalization of $34.60 billion, a PE ratio of 20.14, a P/E/G ratio of 1.38 and a beta of 1.24. The company has a quick ratio of 1.31, a current ratio of 1.76 and a debt-to-equity ratio of 0.71.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, February 28th. The semiconductor company reported $1.42 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.13. Analog Devices had a return on equity of 18.78% and a net margin of 13.80%. The company had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.49 billion. During the same period in the previous year, the firm posted $0.94 earnings per share. The business’s revenue for the quarter was up 54.4% compared to the same quarter last year. research analysts predict that Analog Devices will post 5.63 earnings per share for the current fiscal year.

About Analog Devices

Analog Devices, Inc designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits (ICs), algorithms, software, and subsystems. It offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency ICs to support cellular infrastructure.

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 (NASDAQ:ADI).

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

Receive News & Ratings for Analog Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Analog Devices and related companies with MarketBeat.com's FREE daily email newsletter.



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