Woodstock Corp lifted its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 5.3% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 18,516 shares of the semiconductor company’s stock after acquiring an additional 926 shares during the quarter. Woodstock Corp’s holdings in Analog Devices were worth $2,271,000 as of its most recent SEC filing.
Several other large investors have also bought and sold shares of ADI. Wealth Quarterback LLC acquired a new position in Analog Devices in the 4th quarter worth about $3,265,410,000. Norges Bank purchased a new stake in shares of Analog Devices in the fourth quarter valued at approximately $463,695,000. BlackRock Inc. raised its stake in shares of Analog Devices by 14.7% during the 1st quarter. BlackRock Inc. now owns 27,803,033 shares of the semiconductor company’s stock worth $2,492,540,000 after buying an additional 3,571,383 shares during the period. Invesco Ltd. lifted its position in shares of Analog Devices by 39.1% during the 1st quarter. Invesco Ltd. now owns 4,322,089 shares of the semiconductor company’s stock valued at $387,476,000 after buying an additional 1,215,616 shares in the last quarter. Finally, Melvin Capital Management LP acquired a new stake in Analog Devices in the 1st quarter valued at $94,133,000. Hedge funds and other institutional investors own 85.44% of the company’s stock.
In other Analog Devices news, Director Edward H. Frank sold 8,460 shares of the business’s stock in a transaction that occurred on Thursday, May 21st. The stock was sold at an average price of $113.42, for a total value of $959,533.20. Following the sale, the director now owns 19,775 shares of the company’s stock, valued at $2,242,880.50. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP Gregory N. Henderson sold 1,528 shares of the company’s stock in a transaction on Tuesday, April 28th. The stock was sold at an average price of $110.93, for a total value of $169,501.04. Following the transaction, the senior vice president now owns 7,354 shares in the company, valued at $815,779.22. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 15,853 shares of company stock worth $1,831,270. 0.42% of the stock is owned by insiders.
Shares of Analog Devices stock traded up $0.45 during mid-day trading on Tuesday, hitting $124.07. The stock had a trading volume of 57,948 shares, compared to its average volume of 2,103,572. The firm has a 50-day moving average of $117.61 and a two-hundred day moving average of $110.70. The firm has a market cap of $44.67 billion, a P/E ratio of 41.48, a price-to-earnings-growth ratio of 2.27 and a beta of 1.35. The company has a quick ratio of 0.92, a current ratio of 1.30 and a debt-to-equity ratio of 0.44. Analog Devices, Inc. has a 12-month low of $79.07 and a 12-month high of $127.39.
Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Wednesday, May 20th. The semiconductor company reported $1.08 earnings per share for the quarter, topping the consensus estimate of $1.05 by $0.03. The company had revenue of $1.32 billion during the quarter, compared to analyst estimates of $1.32 billion. Analog Devices had a return on equity of 14.51% and a net margin of 20.05%. The firm’s revenue for the quarter was down 13.7% compared to the same quarter last year. During the same period in the prior year, the business posted $1.36 earnings per share. Sell-side analysts expect that Analog Devices, Inc. will post 4.27 earnings per share for the current year.
The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 9th. Investors of record on Friday, May 29th were given a dividend of $0.62 per share. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.00%. The ex-dividend date of this dividend was Thursday, May 28th. Analog Devices’s payout ratio is 48.16%.
Several research firms have issued reports on ADI. SunTrust Banks increased their price objective on shares of Analog Devices from $93.00 to $104.00 and gave the company a “hold” rating in a report on Tuesday, June 30th. KeyCorp raised their price target on shares of Analog Devices from $135.00 to $145.00 and gave the company an “overweight” rating in a research note on Tuesday. Oppenheimer began coverage on Analog Devices in a research note on Wednesday, June 10th. They set a “buy” rating and a $140.00 price objective for the company. Robert W. Baird reduced their target price on Analog Devices from $135.00 to $130.00 and set an “outperform” rating for the company in a report on Thursday, May 21st. Finally, BidaskClub upgraded Analog Devices from a “sell” rating to a “hold” rating in a research report on Tuesday, March 24th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating and thirteen have issued a buy rating to the stock. Analog Devices has an average rating of “Buy” and an average price target of $122.36.
Analog Devices Company Profile
Analog Devices, Inc engages in the design, development, manufacture, and marketing of integrated circuits (ICs). Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable consumer devices.
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