Heritage Way Advisors LLC Invests $512,000 in Analog Devices, Inc. (ADI) Stock
Heritage Way Advisors LLC acquired a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm acquired 5,750 shares of the semiconductor company’s stock, valued at approximately $512,000.
Other hedge funds also recently bought and sold shares of the company. Riverhead Capital Management LLC increased its holdings in shares of Analog Devices by 11.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 8,866 shares of the semiconductor company’s stock worth $690,000 after purchasing an additional 889 shares in the last quarter. Nationwide Fund Advisors increased its holdings in shares of Analog Devices by 52.2% in the 2nd quarter. Nationwide Fund Advisors now owns 233,529 shares of the semiconductor company’s stock worth $18,169,000 after purchasing an additional 80,045 shares in the last quarter. Columbia Partners L L C Investment Management increased its holdings in shares of Analog Devices by 3.8% in the 2nd quarter. Columbia Partners L L C Investment Management now owns 20,478 shares of the semiconductor company’s stock worth $1,593,000 after purchasing an additional 748 shares in the last quarter. Mutual of America Capital Management LLC increased its holdings in shares of Analog Devices by 6.1% in the 2nd quarter. Mutual of America Capital Management LLC now owns 63,921 shares of the semiconductor company’s stock worth $4,973,000 after purchasing an additional 3,676 shares in the last quarter. Finally, Pathstone Family Office LLC increased its holdings in shares of Analog Devices by 75.0% in the 2nd quarter. Pathstone Family Office LLC now owns 35 shares of the semiconductor company’s stock worth $1,557,000 after purchasing an additional 15 shares in the last quarter. 87.08% of the stock is owned by institutional investors.
Shares of Analog Devices, Inc. (ADI) traded up $2.47 during trading on Thursday, hitting $95.57. The stock had a trading volume of 4,011,200 shares, compared to its average volume of 2,532,536. Analog Devices, Inc. has a fifty-two week low of $72.09 and a fifty-two week high of $95.96. The stock has a market capitalization of $35,900.00, a P/E ratio of 48.27, a price-to-earnings-growth ratio of 1.72 and a beta of 1.29. The company has a quick ratio of 1.13, a current ratio of 1.47 and a debt-to-equity ratio of 0.74.
Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Tuesday, November 21st. The semiconductor company reported $1.45 EPS for the quarter, beating the Thomson Reuters’ 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 period in the previous year, the business earned $1.05 earnings per share. The business’s revenue was up 53.4% on a year-over-year basis. analysts forecast that Analog Devices, Inc. will post 5.2 earnings per share for the current year.
In other news, CEO Vincent Roche sold 100,000 shares of Analog Devices stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $85.17, for a total value of $8,517,000.00. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Peter Real sold 4,505 shares of Analog Devices stock in a transaction dated Monday, October 23rd. The stock was sold at an average price of $89.43, for a total value of $402,882.15. Following the completion of the sale, the senior vice president now directly owns 13,531 shares in the company, valued at $1,210,077.33. The disclosure for this sale can be found here. Insiders sold 186,066 shares of company stock worth $16,159,623 over the last 90 days. Company insiders own 1.10% of the company’s stock.
ADI has been the topic of a number of research reports. BidaskClub downgraded Analog Devices from a “buy” rating to a “hold” rating in a research note on Thursday, January 11th. Royal Bank of Canada restated a “buy” rating and issued a $100.00 price target on shares of Analog Devices in a research note on Thursday, January 4th. Piper Jaffray Companies initiated coverage on Analog Devices in a research note on Monday, December 18th. They issued a “neutral” rating and a $92.00 price target on the stock. Morgan Stanley raised their price target on Analog Devices from $103.00 to $108.00 and gave the stock an “overweight” rating in a research note on Wednesday, December 13th. Finally, KeyCorp restated a “buy” rating and issued a $107.00 price target on shares of Analog Devices in a research note on Friday, November 24th. Twelve analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $97.21.
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Analog Devices 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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