Analog Devices, Inc. (NASDAQ:ADI) Position Held by Bright Rock Capital Management LLC
Bright Rock Capital Management LLC held its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 9,000 shares of the semiconductor company’s stock at the end of the second quarter. Bright Rock Capital Management LLC’s holdings in Analog Devices were worth $700,000 as of its most recent SEC filing.
A number of other large investors have also recently made changes to their positions in the company. Lazard Asset Management LLC purchased a new stake in shares of Analog Devices during the first quarter valued at $100,000. Jacobus Wealth Management Inc. purchased a new stake in shares of Analog Devices during the first quarter valued at $113,000. Heritage Trust Co purchased a new stake in shares of Analog Devices during the first quarter valued at $114,000. Guardian Life Insurance Co. of America raised its stake in shares of Analog Devices by 18.9% in the first quarter. Guardian Life Insurance Co. of America now owns 1,403 shares of the semiconductor company’s stock valued at $115,000 after buying an additional 223 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. raised its stake in shares of Analog Devices by 51.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,406 shares of the semiconductor company’s stock valued at $109,000 after buying an additional 475 shares during the period. 87.76% of the stock is owned by institutional investors.
Analog Devices, Inc. (NASDAQ ADI) opened at 76.83 on Friday. Analog Devices, Inc. has a one year low of $59.01 and a one year high of $90.49. The stock’s 50 day moving average price is $79.20 and its 200 day moving average price is $79.65. The stock has a market cap of $28.20 billion, a price-to-earnings ratio of 29.43 and a beta of 1.30.
Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, May 31st. The semiconductor company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.18. Analog Devices had a return on equity of 19.39% and a net margin of 20.88%. The firm had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same quarter last year, the business posted $0.64 earnings per share. The firm’s revenue was up 41.2% on a year-over-year basis. Equities analysts predict that Analog Devices, Inc. will post $4.37 earnings per share for the current fiscal year.
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Several equities research analysts recently weighed in on the company. UBS AG reissued a “neutral” rating and issued a $94.00 price objective (up previously from $83.00) on shares of Analog Devices in a report on Saturday, June 3rd. B. Riley reissued a “buy” rating and issued a $103.00 price objective on shares of Analog Devices in a report on Tuesday, June 27th. Royal Bank Of Canada reissued a “buy” rating and issued a $92.00 price objective on shares of Analog Devices in a report on Friday, August 4th. BidaskClub lowered Analog Devices from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Finally, Stifel Nicolaus reissued a “buy” rating and issued a $97.00 price objective (up previously from $95.00) on shares of Analog Devices in a report on Thursday, June 1st. Three research analysts have rated the stock with a sell rating, nine have given a hold rating, seventeen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $89.92.
In other Analog Devices news, SVP Peter Real sold 4,505 shares of the firm’s stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $80.07, for a total transaction of $360,715.35. Following the completion of the transaction, the senior vice president now owns 13,531 shares in the company, valued at approximately $1,083,427.17. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Vincent Roche sold 47,500 shares of the firm’s stock in a transaction that occurred on Wednesday, May 31st. The shares were sold at an average price of $86.50, for a total value of $4,108,750.00. Following the transaction, the chief executive officer now owns 61,484 shares of the company’s stock, valued at approximately $5,318,366. The disclosure for this sale can be found here. Insiders have sold a total of 61,086 shares of company stock valued at $5,202,514 in the last 90 days. 1.10% of the stock is currently owned by company insiders.
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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