Capital International Investors Has $295,134,000 Holdings in Analog Devices, Inc. (ADI)
Capital International Investors held its position in Analog Devices, Inc. (NASDAQ:ADI) during the second quarter, according to the company in its most recent disclosure with the SEC. The fund owned 3,793,500 shares of the semiconductor company’s stock at the close of the second quarter. Capital International Investors owned 1.03% of Analog Devices worth $295,134,000 at the end of the most recent quarter.
Other hedge funds and other institutional investors have also bought and sold shares of the company. MARSHALL WACE ASIA Ltd acquired a new stake in shares of Analog Devices during the first quarter worth about $63,309,000. Boston Family Office LLC increased its position in Analog Devices by 37.9% in the 2nd quarter. Boston Family Office LLC now owns 7,287 shares of the semiconductor company’s stock valued at $567,000 after acquiring an additional 2,004 shares during the period. Prospera Financial Services Inc increased its position in Analog Devices by 1.2% in the 2nd quarter. Prospera Financial Services Inc now owns 21,196 shares of the semiconductor company’s stock valued at $1,648,000 after acquiring an additional 253 shares during the period. KCG Holdings Inc. increased its position in Analog Devices by 455.1% in the 1st quarter. KCG Holdings Inc. now owns 24,624 shares of the semiconductor company’s stock valued at $2,018,000 after acquiring an additional 20,188 shares during the period. Finally, Aviance Capital Management LLC acquired a new position in Analog Devices in the 1st quarter valued at about $226,000. Institutional investors own 86.67% of the company’s stock.
ADI has been the topic of a number of recent research reports. Jefferies Group LLC reissued a “buy” rating on shares of Analog Devices in a report on Monday, July 10th. BidaskClub downgraded Analog Devices from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Citigroup Inc. reaffirmed a “neutral” rating and set a $88.00 price target (down from $91.00) on shares of Analog Devices in a report on Friday, September 1st. Raymond James Financial, Inc. initiated coverage on Analog Devices in a report on Friday, June 16th. They set a “market perform” rating for the company. Finally, Royal Bank Of Canada reiterated a “buy” rating and issued a $92.00 price objective on shares of Analog Devices in a research report on Friday, August 4th. Thirteen research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the stock. The company presently has an average rating of “Buy” and an average target price of $91.92.
In other news, Director Ray Stata sold 25,000 shares of Analog Devices stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $83.50, for a total value of $2,087,500.00. Following the transaction, the director now directly owns 234,481 shares of the company’s stock, valued at $19,579,163.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, SVP Margaret K. Seif sold 3,000 shares of Analog Devices stock in a transaction that occurred on Thursday, July 20th. The stock was sold at an average price of $80.35, for a total transaction of $241,050.00. Following the completion of the transaction, the senior vice president now directly owns 20,404 shares in the company, valued at $1,639,461.40. The disclosure for this sale can be found here. Over the last three months, insiders have sold 106,494 shares of company stock valued at $8,920,681. Corporate insiders own 1.10% of the company’s stock.
Analog Devices, Inc. (NASDAQ:ADI) traded down 0.1278% during mid-day trading on Monday, hitting $86.0599. The company had a trading volume of 474,247 shares. The company’s 50 day moving average price is $80.41 and its 200-day moving average price is $80.16. The company has a market cap of $31.64 billion, a PE ratio of 42.8372 and a beta of 1.30. Analog Devices, Inc. has a one year low of $59.54 and a one year high of $90.49.
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, beating the Thomson Reuters’ consensus estimate of $1.15 by $0.11. Analog Devices had a return on equity of 19.06% and a net margin of 14.77%. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the prior year, the company earned $0.82 earnings per share. The firm’s revenue was up 64.9% on a year-over-year basis. Equities research analysts anticipate that Analog Devices, Inc. will post $4.62 EPS for the current fiscal year.
The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 19th. Stockholders of record on Friday, September 8th were paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.09%. The ex-dividend date was Thursday, September 7th. Analog Devices’s dividend payout ratio is presently 86.12%.
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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