Buckingham Asset Management LLC purchased a new stake in Analog Devices, Inc. (NASDAQ:ADI) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 2,938 shares of the semiconductor company’s stock, valued at approximately $253,000.

A number of other large investors also recently added to or reduced their stakes in the stock. Pathstone Family Office LLC boosted its holdings in Analog Devices by 75.0% in the second quarter. Pathstone Family Office LLC now owns 35 shares of the semiconductor company’s stock valued at $1,557,000 after acquiring an additional 15 shares in the last quarter. Pitcairn Co. boosted its holdings in Analog Devices by 0.6% in the second quarter. Pitcairn Co. now owns 4,719 shares of the semiconductor company’s stock valued at $367,000 after acquiring an additional 30 shares in the last quarter. Osborn Williams & Donohoe LLC boosted its holdings in Analog Devices by 1.2% in the second quarter. Osborn Williams & Donohoe LLC now owns 2,834 shares of the semiconductor company’s stock valued at $220,000 after acquiring an additional 34 shares in the last quarter. Cookson Peirce & Co. Inc. boosted its holdings in Analog Devices by 0.4% in the second quarter. Cookson Peirce & Co. Inc. now owns 10,440 shares of the semiconductor company’s stock valued at $812,000 after acquiring an additional 40 shares in the last quarter. Finally, Smith Salley & Associates boosted its holdings in shares of Analog Devices by 1.1% during the 2nd quarter. Smith Salley & Associates now owns 3,878 shares of the semiconductor company’s stock valued at $302,000 after buying an additional 42 shares in the last quarter. Institutional investors and hedge funds own 86.42% of the company’s stock.

Analog Devices, Inc. (NASDAQ:ADI) traded down $0.06 during midday trading on Friday, hitting $90.42. 2,213,593 shares of the stock traded hands, compared to its average volume of 2,926,695. Analog Devices, Inc. has a 12-month low of $67.62 and a 12-month high of $92.96. The stock has a market cap of $33,270.00, a price-to-earnings ratio of 21.13, a P/E/G ratio of 1.76 and a beta of 1.32. The company has a quick ratio of 1.52, a current ratio of 1.99 and a debt-to-equity ratio of 0.83.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 EPS for the quarter, beating 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 firm earned $0.82 EPS. The business’s revenue for the quarter was up 64.9% compared to the same quarter last year. analysts forecast that Analog Devices, Inc. will post 4.62 EPS for the current fiscal year.

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In related news, Director Ray Stata sold 25,000 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $83.50, for a total transaction of $2,087,500.00. Following the completion of the transaction, the director now directly owns 234,481 shares in the company, valued at approximately $19,579,163.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Margaret K. Seif sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $77.81, for a total value of $233,430.00. Following the transaction, the senior vice president now owns 20,404 shares of the company’s stock, valued at $1,587,635.24. The disclosure for this sale can be found here. Insiders have sold a total of 135,994 shares of company stock valued at $11,604,048 in the last ninety days. Insiders own 1.10% of the company’s stock.

A number of analysts have recently commented on the stock. Royal Bank Of Canada restated a “buy” rating and set a $92.00 target price on shares of Analog Devices in a report on Friday, August 4th. B. Riley restated a “buy” rating and set a $110.00 target price on shares of Analog Devices in a report on Thursday. Stifel Nicolaus boosted their target price on shares of Analog Devices from $97.00 to $98.00 and gave the company a “buy” rating in a report on Thursday. BidaskClub cut shares of Analog Devices from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Finally, Oppenheimer Holdings, Inc. restated a “buy” rating and set a $100.00 target price on shares of Analog Devices in a report on Friday. Twelve analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. Analog Devices presently has an average rating of “Buy” and an average target price of $93.69.

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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Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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