Cookson Peirce & Co. Inc. Boosts Stake in Analog Devices, Inc. (ADI)
Cookson Peirce & Co. Inc. lifted its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 0.4% in the 2nd quarter, according to its most recent 13F filing with the SEC. The firm owned 10,440 shares of the semiconductor company’s stock after acquiring an additional 40 shares during the quarter. Cookson Peirce & Co. Inc.’s holdings in Analog Devices were worth $812,000 at the end of the most recent quarter.
Several other hedge funds have also recently bought and sold shares of ADI. Pathstone Family Office LLC lifted its holdings in Analog Devices by 75.0% during the 2nd quarter. Pathstone Family Office LLC now owns 35 shares of the semiconductor company’s stock worth $1,557,000 after purchasing an additional 15 shares in the last quarter. Lazard Asset Management LLC purchased a new stake in Analog Devices during the 1st quarter worth about $100,000. Guardian Life Insurance Co. of America lifted its holdings in Analog Devices by 18.9% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,403 shares of the semiconductor company’s stock worth $115,000 after purchasing an additional 223 shares in the last quarter. Whittier Trust Co. of Nevada Inc. lifted its holdings in Analog Devices by 51.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,406 shares of the semiconductor company’s stock worth $109,000 after purchasing an additional 475 shares in the last quarter. Finally, Sumitomo Mitsui Financial Group Inc. purchased a new stake in Analog Devices during the 2nd quarter worth about $119,000. Institutional investors own 86.59% of the company’s stock.
Several research firms have weighed in on ADI. Jefferies Group LLC reaffirmed a “buy” rating on shares of Analog Devices in a report on Monday, July 10th. BidaskClub cut Analog Devices from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $88.00 price target (down previously from $91.00) on shares of Analog Devices in a report on Friday, September 1st. Royal Bank Of Canada reaffirmed a “buy” rating and issued a $92.00 price target on shares of Analog Devices in a report on Friday, August 4th. Finally, Robert W. Baird reaffirmed an “outperform” rating and issued a $100.00 price target (up previously from $98.00) on shares of Analog Devices in a report on Thursday, August 31st. Eleven investment analysts have rated the stock with a hold rating, twenty have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $92.85.
Shares of Analog Devices, Inc. (NASDAQ ADI) traded down 0.85% on Monday, reaching $88.30. The company’s stock had a trading volume of 489,757 shares. The firm has a 50-day moving average price of $84.55 and a 200 day moving average price of $80.64. The firm has a market capitalization of $32.46 billion, a PE ratio of 43.95 and a beta of 1.30. Analog Devices, Inc. has a one year low of $61.27 and a one year high of $90.49.
Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.15 by $0.11. The business had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. Analog Devices had a return on equity of 19.06% and a net margin of 14.77%. The business’s revenue for the quarter was up 64.9% on a year-over-year basis. During the same quarter last year, the firm earned $0.82 EPS. On average, analysts anticipate that Analog Devices, Inc. will post $4.62 earnings per share for the current fiscal year.
The business also recently announced a quarterly dividend, which was paid on Tuesday, September 19th. Shareholders of record on Friday, September 8th were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.80 annualized dividend and a yield of 2.02%. Analog Devices’s dividend payout ratio (DPR) is presently 86.12%.
In other news, SVP Margaret K. Seif sold 3,000 shares of the stock in a transaction on Thursday, July 20th. The stock was sold at an average price of $80.35, for a total transaction of $241,050.00. Following the completion of the sale, the senior vice president now owns 20,404 shares in the company, valued at approximately $1,639,461.40. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Peter Real sold 4,505 shares of the stock in a transaction on Friday, July 21st. The shares were sold at an average price of $80.07, for a total value of $360,715.35. Following the sale, the senior vice president now owns 13,531 shares of the company’s stock, valued at approximately $1,083,427.17. The disclosure for this sale can be found here. Insiders have sold a total of 126,494 shares of company stock worth $10,677,931 in the last ninety days. Insiders own 1.10% of the company’s stock.
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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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