Analog Devices, Inc. (ADI) Stake Lifted by Commonwealth of Pennsylvania Public School Empls Retrmt SYS
Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its stake in Analog Devices, Inc. (NASDAQ:ADI) by 9.7% in the 3rd quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,901 shares of the semiconductor company’s stock after acquiring an additional 2,634 shares during the period. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Analog Devices were worth $2,577,000 at the end of the most recent reporting period.
Several other institutional investors also recently bought and sold shares of ADI. Sumitomo Mitsui Financial Group Inc. bought a new stake in Analog Devices during the second quarter worth approximately $119,000. WFG Advisors LP boosted its holdings in Analog Devices by 26.4% during the second quarter. WFG Advisors LP now owns 1,579 shares of the semiconductor company’s stock worth $123,000 after buying an additional 330 shares in the last quarter. NEXT Financial Group Inc boosted its holdings in Analog Devices by 64.4% during the third quarter. NEXT Financial Group Inc now owns 1,532 shares of the semiconductor company’s stock worth $136,000 after buying an additional 600 shares in the last quarter. Crow Point Partners LLC bought a new stake in Analog Devices during the third quarter worth approximately $140,000. Finally, Archford Capital Strategies LLC boosted its holdings in Analog Devices by 3,590.9% during the second quarter. Archford Capital Strategies LLC now owns 4,466 shares of the semiconductor company’s stock worth $158,000 after buying an additional 4,345 shares in the last quarter. Institutional investors and hedge funds own 87.31% of the company’s stock.
ADI has been the subject of a number of research reports. Royal Bank Of Canada restated a “buy” rating and set a $92.00 target price on shares of Analog Devices in a report on Friday, August 4th. BidaskClub lowered shares of Analog Devices from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. B. Riley reaffirmed a “buy” rating and issued a $103.00 price objective on shares of Analog Devices in a research note on Thursday, August 17th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $100.00 price objective (up previously from $96.00) on shares of Analog Devices in a research note on Tuesday, August 29th. Finally, Nomura raised shares of Analog Devices from a “reduce” rating to a “neutral” rating and raised their price objective for the stock from $72.50 to $80.00 in a research note on Thursday, August 31st. Eleven research 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. Analog Devices has an average rating of “Buy” and a consensus target price of $96.04.
Analog Devices, Inc. (NASDAQ ADI) traded up $0.45 during mid-day trading on Friday, reaching $86.11. 3,866,500 shares of the company’s stock were exchanged, compared to its average volume of 2,976,602. Analog Devices, Inc. has a 12 month low of $68.42 and a 12 month high of $93.99. The company has a current ratio of 1.47, a quick ratio of 1.13 and a debt-to-equity ratio of 0.74. The stock has a market cap of $32,097.12, a P/E ratio of 18.60, a price-to-earnings-growth ratio of 1.61 and a beta of 1.32.
Analog Devices (NASDAQ:ADI) last released its earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.36 by $0.09. Analog Devices had a net margin of 14.22% and a return on equity of 18.78%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the firm earned $1.05 EPS. The company’s revenue was up 53.4% compared to the same quarter last year. analysts expect that Analog Devices, Inc. will post 5.19 EPS for the current fiscal year.
The business also recently announced a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Friday, December 1st will be given a $0.45 dividend. The ex-dividend date is Thursday, November 30th. This represents a $1.80 dividend on an annualized basis and a yield of 2.09%. Analog Devices’s payout ratio is 86.96%.
In other news, SVP Jean Philibert sold 5,098 shares of the firm’s stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $90.24, for a total transaction of $460,043.52. Following the transaction, the senior vice president now owns 5,098 shares in the company, valued at approximately $460,043.52. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Margaret K. Seif sold 6,345 shares of the firm’s stock in a transaction on Monday, November 27th. The shares were sold at an average price of $88.49, for a total transaction of $561,469.05. Following the transaction, the senior vice president now owns 20,404 shares in the company, valued at approximately $1,805,549.96. The disclosure for this sale can be found here. In the last quarter, insiders sold 112,256 shares of company stock valued at $9,687,884. Insiders own 1.10% of the company’s stock.
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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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