Analog Devices, Inc. (ADI) Stake Lifted by Parametric Portfolio Associates LLC
Parametric Portfolio Associates LLC grew its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 21.9% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 1,400,026 shares of the semiconductor company’s stock after purchasing an additional 251,513 shares during the quarter. Parametric Portfolio Associates LLC owned about 0.38% of Analog Devices worth $120,640,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Several other large investors have also made changes to their positions in ADI. Steward Partners Investment Advisory LLC bought a new stake in Analog Devices in the 3rd quarter valued at about $842,000. Moors & Cabot Inc. bought a new stake in Analog Devices in the 3rd quarter valued at about $255,000. Belpointe Asset Management LLC bought a new stake in Analog Devices in the 3rd quarter valued at about $501,000. Cetera Investment Advisers increased its position in Analog Devices by 59.3% in the 3rd quarter. Cetera Investment Advisers now owns 11,650 shares of the semiconductor company’s stock valued at $1,009,000 after buying an additional 4,336 shares in the last quarter. Finally, IFM Investors Pty Ltd bought a new stake in Analog Devices in the 3rd quarter valued at about $884,000. 87.20% of the stock is currently owned by institutional investors.
ADI has been the subject of a number of recent research reports. B. Riley reissued a “buy” rating and set a $110.00 price objective on shares of Analog Devices in a report on Sunday, August 27th. Stifel Nicolaus boosted their price objective on Analog Devices from $97.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, November 16th. Drexel Hamilton reissued a “buy” rating and set a $105.00 price objective on shares of Analog Devices in a report on Wednesday, August 30th. BidaskClub raised Analog Devices from a “hold” rating to a “buy” rating in a report on Saturday, September 2nd. Finally, Jefferies Group reissued a “buy” rating and set a $100.00 price objective on shares of Analog Devices in a report on Thursday, October 19th. One analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. Analog Devices currently has an average rating of “Buy” and an average price target of $96.24.
In other Analog Devices news, SVP Peter Real sold 4,505 shares of the stock in a transaction on Thursday, September 21st. The stock was sold at an average price of $83.52, for a total transaction of $376,257.60. Following the sale, the senior vice president now owns 13,531 shares in the company, valued at $1,130,109.12. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Neil S. Novich sold 9,303 shares of the stock in a transaction on Wednesday, September 20th. The stock was sold at an average price of $84.46, for a total value of $785,731.38. Following the sale, the director now owns 29,588 shares in the company, valued at approximately $2,499,002.48. The disclosure for this sale can be found here. In the last quarter, insiders sold 212,656 shares of company stock worth $18,274,198. 1.10% of the stock is owned by company insiders.
Analog Devices, Inc. (NASDAQ ADI) opened at $86.69 on Friday. Analog Devices, Inc. has a 12 month low of $71.00 and a 12 month high of $93.99. 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 company has a market capitalization of $31,400.40, a P/E ratio of 18.20, a P/E/G ratio of 1.57 and a beta of 1.29.
Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Tuesday, November 21st. The semiconductor company reported $1.45 EPS for the quarter, beating the consensus estimate of $1.36 by $0.09. Analog Devices had a return on equity of 18.78% and a net margin of 14.22%. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the prior year, the business earned $1.05 earnings per share. Analog Devices’s revenue for the quarter was up 53.4% on a year-over-year basis. equities analysts expect that Analog Devices, Inc. will post 5.2 EPS for the current year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, December 12th. Investors of record on Friday, December 1st were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $1.80 annualized dividend and a yield of 2.08%. Analog Devices’s payout ratio is 86.96%.
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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