Landscape Capital Management L.L.C. Takes Position in Analog Devices, Inc. (ADI)
Landscape Capital Management L.L.C. bought a new stake in Analog Devices, Inc. (NASDAQ:ADI) during the fourth quarter, Holdings Channel reports. The institutional investor bought 18,891 shares of the semiconductor company’s stock, valued at approximately $1,682,000.
A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. Geode Capital Management LLC boosted its stake in shares of Analog Devices by 2.9% during the 4th quarter. Geode Capital Management LLC now owns 3,988,453 shares of the semiconductor company’s stock worth $354,369,000 after acquiring an additional 111,215 shares in the last quarter. Baker Chad R boosted its stake in shares of Analog Devices by 7.2% during the 4th quarter. Baker Chad R now owns 43,900 shares of the semiconductor company’s stock worth $3,908,000 after acquiring an additional 2,950 shares in the last quarter. Sequoia Financial Advisors LLC bought a new stake in shares of Analog Devices during the 4th quarter worth about $248,000. Icon Wealth Partners LLC bought a new stake in shares of Analog Devices during the 4th quarter worth about $121,000. Finally, Yorktown Management & Research Co Inc bought a new stake in shares of Analog Devices during the 4th quarter worth about $267,000. Hedge funds and other institutional investors own 86.90% of the company’s stock.
In other Analog Devices news, SVP Joseph Hassett sold 18,400 shares of the company’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $85.06, for a total value of $1,565,104.00. Following the completion of the transaction, the senior vice president now owns 30,139 shares of the company’s stock, valued at approximately $2,563,623.34. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP Margaret K. Seif sold 7,000 shares of the company’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $88.50, for a total value of $619,500.00. Following the completion of the transaction, the senior vice president now directly owns 20,404 shares of the company’s stock, valued at approximately $1,805,754. The disclosure for this sale can be found here. In the last ninety days, insiders sold 74,618 shares of company stock valued at $6,625,228. Insiders own 0.70% of the company’s stock.
Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, February 28th. The semiconductor company reported $1.42 EPS for the quarter, beating the consensus estimate of $1.29 by $0.13. The firm had revenue of $1.52 billion during the quarter, compared to analysts’ expectations of $1.49 billion. Analog Devices had a return on equity of 18.78% and a net margin of 13.80%. The company’s revenue for the quarter was up 54.4% on a year-over-year basis. During the same quarter in the prior year, the firm posted $0.94 EPS. equities research analysts expect that Analog Devices, Inc. will post 5.53 earnings per share for the current year.
The company also recently declared a quarterly dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Friday, March 9th will be issued a $0.48 dividend. This is a boost 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 annualized dividend and a yield of 2.14%. Analog Devices’s dividend payout ratio is 86.12%.
Several analysts have recently issued reports on the company. Stifel Nicolaus upped their price target on Analog Devices from $97.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, November 16th. BMO Capital Markets increased their target price on Analog Devices from $100.00 to $107.00 and gave the company an “outperform” rating in a research note on Thursday. BidaskClub upgraded Analog Devices from a “hold” rating to a “buy” rating in a research note on Saturday, January 20th. B. Riley restated a “buy” rating and set a $113.00 target price (up previously from $110.00) on shares of Analog Devices in a research note on Thursday, November 16th. Finally, Piper Jaffray Companies upgraded Analog Devices from a “neutral” rating to an “overweight” rating and set a $92.00 target price for the company in a research note on Tuesday, February 13th. Ten analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. Analog Devices currently has a consensus rating of “Buy” and a consensus price target of $100.00.
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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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