Analog Devices, Inc. (ADI) Holdings Increased by Riverbridge Partners LLC
Riverbridge Partners LLC raised its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 8.7% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 336,112 shares of the semiconductor company’s stock after purchasing an additional 26,932 shares during the quarter. Riverbridge Partners LLC owned 0.09% of Analog Devices worth $28,963,000 at the end of the most recent quarter.
A number of other large investors have also recently made changes to their positions in ADI. Boston Family Office LLC increased its stake in shares of Analog Devices by 37.9% in the second quarter. Boston Family Office LLC now owns 7,287 shares of the semiconductor company’s stock worth $567,000 after acquiring an additional 2,004 shares during the last quarter. Aviance Capital Management LLC acquired a new position in shares of Analog Devices in the first quarter worth $226,000. Prospera Financial Services Inc increased its stake in shares of Analog Devices by 1.2% in the second quarter. Prospera Financial Services Inc now owns 21,196 shares of the semiconductor company’s stock worth $1,648,000 after acquiring an additional 253 shares during the last quarter. Captrust Financial Advisors acquired a new position in shares of Analog Devices in the second quarter worth $1,130,000. Finally, Trust Co. of Vermont increased its stake in shares of Analog Devices by 8.3% in the second quarter. Trust Co. of Vermont now owns 35,491 shares of the semiconductor company’s stock worth $2,762,000 after acquiring an additional 2,707 shares during the last quarter. 86.65% of the stock is currently owned by institutional investors.
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Analog Devices, Inc. (NASDAQ ADI) traded down $0.02 during midday trading on Tuesday, hitting $92.26. 109,380 shares of the company traded hands, compared to its average volume of 1,750,000. The company has a current ratio of 1.99, a quick ratio of 1.52 and a debt-to-equity ratio of 0.83. Analog Devices, Inc. has a twelve month low of $62.50 and a twelve month high of $92.96. The company has a market capitalization of $33,930.00, a PE ratio of 21.45, a PEG ratio of 1.78 and a beta of 1.32.
Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.15 by $0.11. Analog Devices had a net margin of 14.77% and a return on equity of 19.06%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the prior year, the business posted $0.82 earnings per share. The company’s quarterly revenue was up 64.9% compared to the same quarter last year. sell-side analysts predict that Analog Devices, Inc. will post 4.6 earnings per share for the current year.
In related news, Director James Champy sold 12,500 shares of the stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $90.00, for a total value of $1,125,000.00. Following the completion of the transaction, the director now owns 21,910 shares of the company’s stock, valued at $1,971,900. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Margaret K. Seif sold 3,000 shares of the stock in a transaction dated Monday, August 21st. The stock was sold at an average price of $77.81, for a total transaction of $233,430.00. Following the completion of the transaction, the senior vice president now directly owns 20,404 shares of the company’s stock, valued at approximately $1,587,635.24. The disclosure for this sale can be found here. Insiders sold 135,994 shares of company stock valued at $11,604,048 in the last three months. Company insiders own 1.10% of the company’s stock.
A number of equities analysts have recently weighed in on the stock. Jefferies Group LLC reaffirmed a “buy” rating and issued a $100.00 price target on shares of Analog Devices in a research note on Thursday, October 19th. SunTrust Banks, Inc. reaffirmed a “buy” rating and issued a $106.00 price target on shares of Analog Devices in a research note on Thursday, October 12th. Zacks Investment Research raised shares of Analog Devices from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research note on Tuesday, October 10th. BidaskClub raised shares of Analog Devices from a “hold” rating to a “buy” rating in a research note on Saturday, October 7th. Finally, Stifel Nicolaus reaffirmed a “buy” rating and issued a $97.00 price target on shares of Analog Devices in a research note on Monday, September 25th. Eleven research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. Analog Devices currently has a consensus rating of “Buy” and a consensus price target of $93.65.
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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