Analog Devices, Inc. (ADI) Holdings Maintained by Central Securities Corp
Central Securities Corp maintained its stake in Analog Devices, Inc. (NASDAQ:ADI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 450,000 shares of the semiconductor company’s stock at the close of the second quarter. Analog Devices comprises 6.3% of Central Securities Corp’s portfolio, making the stock its 2nd largest holding. Central Securities Corp owned approximately 0.12% of Analog Devices worth $35,010,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently made changes to their positions in the company. Waldron LP lifted its holdings in Analog Devices by 40.9% in the 1st quarter. Waldron LP now owns 4,166 shares of the semiconductor company’s stock worth $341,000 after purchasing an additional 1,210 shares in the last quarter. Strs Ohio lifted its holdings in Analog Devices by 83.6% in the 1st quarter. Strs Ohio now owns 8,063 shares of the semiconductor company’s stock worth $660,000 after purchasing an additional 3,671 shares in the last quarter. UBS Asset Management Americas Inc. lifted its holdings in Analog Devices by 204.9% in the 1st quarter. UBS Asset Management Americas Inc. now owns 2,468,625 shares of the semiconductor company’s stock worth $202,304,000 after purchasing an additional 1,658,842 shares in the last quarter. Meadow Creek Investment Management LLC lifted its holdings in Analog Devices by 7.8% in the 1st quarter. Meadow Creek Investment Management LLC now owns 5,072 shares of the semiconductor company’s stock worth $416,000 after purchasing an additional 368 shares in the last quarter. Finally, First Personal Financial Services lifted its holdings in Analog Devices by 195.3% in the 1st quarter. First Personal Financial Services now owns 2,203 shares of the semiconductor company’s stock worth $181,000 after purchasing an additional 1,457 shares in the last quarter. Institutional investors own 86.67% of the company’s stock.
A number of research firms recently commented on ADI. B. Riley reissued a “buy” rating and issued a $103.00 price target on shares of Analog Devices in a report on Tuesday, May 30th. UBS AG reaffirmed a “neutral” rating and set a $94.00 price objective (up from $83.00) on shares of Analog Devices in a report on Saturday, June 3rd. BidaskClub cut Analog Devices from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Royal Bank Of Canada upped their price objective on Analog Devices from $92.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, August 31st. Finally, Raymond James Financial, Inc. assumed coverage on Analog Devices in a report on Friday, June 16th. They set a “market perform” rating on the stock. Twelve research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has an average rating of “Buy” and a consensus target price of $91.85.
In other news, Director James Champy sold 10,000 shares of Analog Devices stock in a transaction on Friday, September 1st. The stock was sold at an average price of $85.00, for a total value of $850,000.00. Following the completion of the sale, the director now directly owns 20,185 shares of the company’s stock, valued at $1,715,725. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ray Stata sold 25,000 shares of Analog Devices stock in a transaction on Friday, September 15th. The shares were sold at an average price of $83.50, for a total value of $2,087,500.00. Following the completion of the sale, the director now directly owns 234,481 shares of the company’s stock, valued at $19,579,163.50. The disclosure for this sale can be found here. Insiders sold 67,686 shares of company stock worth $5,626,942 in the last 90 days. Company insiders own 1.10% of the company’s stock.
Shares of Analog Devices, Inc. (NASDAQ:ADI) traded down 0.80% during trading on Wednesday, reaching $84.56. The company’s stock had a trading volume of 479,697 shares. Analog Devices, Inc. has a 1-year low of $59.54 and a 1-year high of $90.49. The company has a market capitalization of $31.09 billion, a PE ratio of 42.09 and a beta of 1.29. The stock has a 50 day moving average of $80.41 and a 200-day moving average of $80.16.
Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 EPS for the quarter, beating 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 company had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the previous year, the business earned $0.82 earnings per share. The company’s revenue for the quarter was up 64.9% on a year-over-year basis. On average, analysts expect that Analog Devices, Inc. will post $4.62 earnings per share for the current year.
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 19th. Shareholders of record on Friday, September 8th were given a $0.45 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.80 dividend on an annualized basis and a yield of 2.11%. Analog Devices’s dividend payout ratio is currently 86.12%.
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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.
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