GWM Advisors LLC increased its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 19.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 15,361 shares of the semiconductor company’s stock after purchasing an additional 2,518 shares during the quarter. GWM Advisors LLC’s holdings in Analog Devices were worth $1,884,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Harbor Investment Advisory LLC lifted its position in Analog Devices by 183.8% during the second quarter. Harbor Investment Advisory LLC now owns 210 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 136 shares during the period. Watson Rebecca bought a new position in Analog Devices during the 2nd quarter valued at $33,000. MBE Wealth Management LLC bought a new stake in shares of Analog Devices during the 1st quarter worth $25,000. Ameritas Investment Company LLC raised its stake in shares of Analog Devices by 109.4% during the 1st quarter. Ameritas Investment Company LLC now owns 289 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 151 shares during the period. Finally, HHM Wealth Advisors LLC bought a new stake in shares of Analog Devices during the 1st quarter worth $29,000. 85.36% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ ADI opened at $114.85 on Friday. Analog Devices, Inc. has a 12 month low of $79.07 and a 12 month high of $127.39. The company has a current ratio of 1.30, a quick ratio of 0.92 and a debt-to-equity ratio of 0.44. The firm has a market capitalization of $42.85 billion, a price-to-earnings ratio of 38.54, a PEG ratio of 1.88 and a beta of 1.35. The business has a 50-day moving average of $119.00 and a 200-day moving average of $110.55.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, May 20th. The semiconductor company reported $1.08 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.05 by $0.03. The company had revenue of $1.32 billion during the quarter, compared to the consensus estimate of $1.32 billion. Analog Devices had a return on equity of 14.51% and a net margin of 20.05%. Analog Devices’s quarterly revenue was down 13.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.36 EPS. On average, analysts predict that Analog Devices, Inc. will post 4.65 earnings per share for the current year.

In related news, SVP Steve Pietkiewicz sold 3,710 shares of the business’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $123.29, for a total value of $457,405.90. Also, Director James Champy sold 2,155 shares of the business’s stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $113.61, for a total value of $244,829.55. Following the completion of the sale, the director now owns 12,415 shares of the company’s stock, valued at approximately $1,410,468.15. The disclosure for this sale can be found here. Insiders sold a total of 14,325 shares of company stock valued at $1,661,769 in the last 90 days. 0.42% of the stock is currently owned by corporate insiders.

Several brokerages recently weighed in on ADI. KeyCorp lifted their price objective on Analog Devices from $145.00 to $155.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Edward Jones lowered Analog Devices from a “buy” rating to a “hold” rating in a report on Tuesday, July 14th. Stifel Nicolaus lifted their price objective on Analog Devices from $115.00 to $125.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Raymond James lifted their target price on Analog Devices from $125.00 to $140.00 and gave the company an “outperform” rating in a report on Monday, July 13th. Finally, SunTrust Banks lifted their target price on Analog Devices from $93.00 to $104.00 and gave the company a “hold” rating in a report on Tuesday, June 30th. One equities research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirteen have given a buy rating and one has assigned a strong buy rating to the stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $125.68.

Analog Devices Profile

Analog Devices, Inc engages in the design, development, manufacture, and marketing of integrated circuits (ICs). Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable consumer devices.

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

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