Ladenburg Thalmann Financial Services Inc. Increases Holdings in Analog Devices, Inc. (ADI)
Ladenburg Thalmann Financial Services Inc. grew its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 17.4% during the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 37,762 shares of the semiconductor company’s stock after acquiring an additional 5,595 shares during the period. Ladenburg Thalmann Financial Services Inc.’s holdings in Analog Devices were worth $3,253,000 at the end of the most recent reporting period.
Several other large investors also recently bought and sold shares of the business. Pathstone Family Office LLC lifted its position in shares of Analog Devices by 75.0% during the second quarter. Pathstone Family Office LLC now owns 35 shares of the semiconductor company’s stock worth $1,557,000 after acquiring an additional 15 shares in the last quarter. Cookson Peirce & Co. Inc. raised its position in shares of Analog Devices by 0.4% in the second quarter. Cookson Peirce & Co. Inc. now owns 10,440 shares of the semiconductor company’s stock worth $812,000 after buying an additional 40 shares in the last quarter. Simmons Bank raised its position in shares of Analog Devices by 0.8% in the second quarter. Simmons Bank now owns 7,134 shares of the semiconductor company’s stock worth $555,000 after buying an additional 59 shares in the last quarter. Advisory Services Network LLC raised its position in shares of Analog Devices by 3.1% in the second quarter. Advisory Services Network LLC now owns 3,349 shares of the semiconductor company’s stock worth $261,000 after buying an additional 100 shares in the last quarter. Finally, North Star Asset Management Inc. raised its position in shares of Analog Devices by 3.8% in the second quarter. North Star Asset Management Inc. now owns 2,878 shares of the semiconductor company’s stock worth $224,000 after buying an additional 106 shares in the last quarter. Hedge funds and other institutional investors own 87.20% of the company’s stock.
In other news, CEO Vincent Roche sold 100,000 shares of the firm’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $85.17, for a total transaction 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 the firm’s stock in a transaction dated Thursday, September 21st. The shares were sold at an average price of $83.52, for a total value of $376,257.60. Following the transaction, the senior vice president now directly owns 13,531 shares in the company, valued at $1,130,109.12. The disclosure for this sale can be found here. Insiders have sold 194,256 shares of company stock worth $16,709,094 in the last 90 days. Company insiders own 1.10% of the company’s stock.
A number of equities research analysts recently issued reports on the company. BidaskClub downgraded Analog Devices from a “hold” rating to a “sell” rating in a research report on Thursday. B. Riley reiterated a “buy” rating and issued a $110.00 price objective on shares of Analog Devices in a research report on Sunday, August 27th. Stifel Nicolaus reiterated a “buy” rating and issued a $97.00 price objective on shares of Analog Devices in a research report on Monday, September 25th. Morgan Stanley increased their price objective on Analog Devices from $103.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday. Finally, KeyCorp reiterated a “buy” rating and issued a $107.00 price objective on shares of Analog Devices in a research report on Friday, November 24th. One analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. Analog Devices has a consensus rating of “Buy” and an average price target of $96.24.
Shares of Analog Devices, Inc. (ADI) opened at $85.44 on Friday. Analog Devices, Inc. has a 12-month low of $71.00 and a 12-month high of $93.99. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.13 and a current ratio of 1.47. The firm has a market capitalization of $31,400.40, a PE ratio of 18.20, a price-to-earnings-growth ratio of 1.57 and a beta of 1.29.
Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share for the quarter, beating the Zacks’ 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 quarter last year, the business posted $1.05 earnings per share. The company’s revenue for the quarter was up 53.4% on a year-over-year basis. equities research analysts forecast that Analog Devices, Inc. will post 5.2 EPS for the current fiscal year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, December 12th. Shareholders of record on Friday, December 1st were given a dividend of $0.45 per share. The ex-dividend date of this dividend was Thursday, November 30th. This represents a $1.80 dividend on an annualized basis and a yield of 2.11%. Analog Devices’s payout ratio is 86.96%.
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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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