Analog Devices, Inc. (NASDAQ:ADI) Shares Bought by Schmidt P J Investment Management Inc.
Schmidt P J Investment Management Inc. increased its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 5.1% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 34,780 shares of the semiconductor company’s stock after buying an additional 1,696 shares during the period. Schmidt P J Investment Management Inc.’s holdings in Analog Devices were worth $2,706,000 at the end of the most recent quarter.
Several other large investors also recently bought and sold shares of ADI. British Columbia Investment Management Corp raised its position in shares of Analog Devices by 34.2% in the first quarter. British Columbia Investment Management Corp now owns 208,526 shares of the semiconductor company’s stock worth $17,089,000 after buying an additional 53,139 shares during the period. MARSHALL WACE ASIA Ltd acquired a new position in shares of Analog Devices during the first quarter worth about $63,309,000. Summit Securities Group LLC acquired a new position in shares of Analog Devices during the first quarter worth about $1,572,000. Norinchukin Bank The raised its position in shares of Analog Devices by 26.5% in the first quarter. Norinchukin Bank The now owns 23,650 shares of the semiconductor company’s stock worth $1,938,000 after buying an additional 4,956 shares during the period. Finally, Swiss National Bank raised its position in shares of Analog Devices by 51.3% in the first quarter. Swiss National Bank now owns 1,291,248 shares of the semiconductor company’s stock worth $105,818,000 after buying an additional 437,580 shares during the period. Institutional investors own 87.33% of the company’s stock.
Analog Devices, Inc. (NASDAQ:ADI) traded down 2.34% during midday trading on Friday, hitting $78.96. The stock had a trading volume of 3,122,467 shares. The firm has a 50 day moving average of $79.87 and a 200 day moving average of $79.05. Analog Devices, Inc. has a 52 week low of $59.01 and a 52 week high of $90.49. The firm has a market cap of $28.98 billion, a price-to-earnings ratio of 30.24 and a beta of 1.30.
Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, May 31st. The semiconductor company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.18. The business had revenue of $1.10 billion for 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 business’s revenue for the quarter was up 41.2% on a year-over-year basis. During the same period last year, the firm posted $0.64 earnings per share. Equities research analysts predict that Analog Devices, Inc. will post $4.37 EPS for the current year.
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A number of research analysts recently issued reports on ADI shares. BMO Capital Markets reiterated a “buy” rating and issued a $96.00 price objective on shares of Analog Devices in a report on Friday, March 31st. Stephens upgraded shares of Analog Devices from an “equal weight” rating to an “overweight” rating in a report on Monday, April 24th. Morgan Stanley reiterated an “overweight” rating and issued a $93.00 price objective on shares of Analog Devices in a report on Tuesday, May 9th. Zacks Investment Research lowered shares of Analog Devices from a “strong-buy” rating to a “hold” rating in a report on Monday, May 15th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $100.00 price objective on shares of Analog Devices in a report on Monday, May 22nd. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and a consensus price target of $88.86.
In other news, SVP Peter Real sold 3,000 shares of the firm’s stock in a transaction dated Monday, April 24th. The stock was sold at an average price of $80.00, for a total value of $240,000.00. Following the transaction, the senior vice president now owns 12,026 shares of the company’s stock, valued at $962,080. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Bruce R. Evans acquired 14,000 shares of the firm’s stock in a transaction dated Friday, July 7th. The stock was bought at an average cost of $78.28 per share, for a total transaction of $1,095,920.00. Following the purchase, the director now directly owns 67,540 shares of the company’s stock, valued at $5,287,031.20. The disclosure for this purchase can be found here. Insiders sold 59,581 shares of company stock worth $5,081,798 over the last three months. Insiders own 1.10% of the company’s stock.
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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