Assetmark Inc. Raises Position in Analog Devices, Inc. (ADI)
Assetmark Inc. increased its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 0.9% in the 4th quarter, HoldingsChannel reports. The fund owned 81,482 shares of the semiconductor company’s stock after buying an additional 721 shares during the quarter. Assetmark Inc.’s holdings in Analog Devices were worth $7,254,000 as of its most recent SEC filing.
Several other institutional investors have also modified their holdings of ADI. Sit Investment Associates Inc. increased its stake in Analog Devices by 381.1% during the 4th quarter. Sit Investment Associates Inc. now owns 1,275 shares of the semiconductor company’s stock valued at $114,000 after purchasing an additional 1,010 shares in the last quarter. Cerebellum GP LLC bought a new stake in Analog Devices during the 4th quarter valued at about $130,000. Fieldpoint Private Securities LLC increased its stake in Analog Devices by 91.6% during the 3rd quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock valued at $127,000 after purchasing an additional 705 shares in the last quarter. Clear Perspective Advisors LLC increased its stake in Analog Devices by 3,884.2% during the 3rd quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock valued at $130,000 after purchasing an additional 1,476 shares in the last quarter. Finally, NEXT Financial Group Inc increased its stake in Analog Devices by 64.4% during the 3rd quarter. NEXT Financial Group Inc now owns 1,532 shares of the semiconductor company’s stock valued at $136,000 after purchasing an additional 600 shares in the last quarter. Institutional investors own 85.82% of the company’s stock.
In related news, SVP Margaret K. Seif sold 7,000 shares of the firm’s stock in a transaction that occurred on Tuesday, December 5th. The shares were sold at an average price of $84.53, for a total value of $591,710.00. Following the transaction, the senior vice president now owns 20,404 shares of the company’s stock, valued at $1,724,750.12. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Yusuf Jamal sold 718 shares of the firm’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $90.89, for a total transaction of $65,259.02. The disclosure for this sale can be found here. In the last three months, insiders sold 174,618 shares of company stock worth $15,142,228. 1.10% of the stock is currently owned by insiders.
Analog Devices, Inc. (NASDAQ:ADI) opened at $89.53 on Friday. The company has a quick ratio of 1.13, a current ratio of 1.47 and a debt-to-equity ratio of 0.74. The stock has a market cap of $33,370.00, a P/E ratio of 263.32, a P/E/G ratio of 1.45 and a beta of 1.25. Analog Devices, Inc. has a 1-year low of $74.65 and a 1-year high of $98.38.
Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, February 28th. The semiconductor company reported $1.42 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.29 by $0.13. The company had revenue of $1.52 billion for the quarter, compared to the consensus estimate of $1.49 billion. Analog Devices had a net margin of 13.80% and a return on equity of 18.94%. The firm’s revenue was up 54.4% compared to the same quarter last year. During the same quarter last year, the firm posted $0.94 earnings per share. analysts expect that Analog Devices, Inc. will post 5.2 EPS for the current year.
The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Friday, March 9th will be issued a $0.48 dividend. This is an increase from Analog Devices’s previous quarterly dividend of $0.45. The ex-dividend date of this dividend is Thursday, March 8th. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.14%. Analog Devices’s dividend payout ratio (DPR) is presently 529.41%.
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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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