Private Advisor Group LLC Has $1.14 Million Position in Analog Devices, Inc. (NASDAQ:ADI)
Private Advisor Group LLC boosted its position in Analog Devices, Inc. (NASDAQ:ADI) by 14.7% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 10,832 shares of the semiconductor company’s stock after buying an additional 1,389 shares during the period. Private Advisor Group LLC’s holdings in Analog Devices were worth $1,139,000 as of its most recent SEC filing.
A number of other large investors have also recently bought and sold shares of the stock. PRW Wealth Management LLC acquired a new stake in shares of Analog Devices during the 4th quarter valued at about $27,000. Bruderman Asset Management LLC bought a new stake in Analog Devices in the fourth quarter valued at about $31,000. Berman Capital Advisors LLC boosted its position in shares of Analog Devices by 43.8% during the first quarter. Berman Capital Advisors LLC now owns 299 shares of the semiconductor company’s stock worth $31,000 after buying an additional 91 shares during the period. Liberty Wealth Management LLC bought a new stake in Analog Devices in the fourth quarter valued at approximately $33,000. Finally, Massmutual Trust Co. FSB ADV bought a new position in shares of Analog Devices during the fourth quarter worth approximately $34,000. Hedge funds and other institutional investors own 89.64% of the company’s stock.
A number of analysts recently commented on ADI shares. Oppenheimer boosted their target price on Analog Devices to $117.00 and gave the company an “outperform” rating in a research report on Thursday, February 21st. Royal Bank of Canada dropped their price objective on Analog Devices from $140.00 to $120.00 and set an “outperform” rating on the stock in a research note on Wednesday, May 22nd. Zacks Investment Research raised shares of Analog Devices from a “sell” rating to a “hold” rating in a report on Monday, February 18th. BMO Capital Markets boosted their target price on shares of Analog Devices to $130.00 and gave the company an “outperform” rating in a report on Thursday, February 21st. Finally, Robert W. Baird reaffirmed a “buy” rating and issued a $100.00 price target on shares of Analog Devices in a report on Wednesday, February 20th. One research analyst has rated the stock with a sell rating, eight have assigned a hold rating and twelve have given a buy rating to the company’s stock. Analog Devices has a consensus rating of “Buy” and a consensus target price of $109.00.
Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, May 22nd. The semiconductor company reported $1.36 EPS for the quarter, beating the Zacks’ consensus estimate of $1.30 by $0.06. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Analog Devices had a return on equity of 19.17% and a net margin of 25.18%. The firm’s revenue was down 2.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.45 earnings per share. As a group, sell-side analysts anticipate that Analog Devices, Inc. will post 5.24 earnings per share for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 11th. Shareholders of record on Friday, May 31st were given a dividend of $0.54 per share. The ex-dividend date was Thursday, May 30th. This represents a $2.16 annualized dividend and a yield of 2.04%. Analog Devices’s payout ratio is 36.36%.
In other Analog Devices news, SVP Steve Pietkiewicz sold 4,575 shares of the firm’s stock in a transaction that occurred on Thursday, March 21st. The shares were sold at an average price of $110.52, for a total transaction of $505,629.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Yusuf Jamal sold 31,867 shares of the firm’s stock in a transaction that occurred on Thursday, May 23rd. The shares were sold at an average price of $98.19, for a total transaction of $3,129,020.73. Following the transaction, the senior vice president now directly owns 2,124 shares of the company’s stock, valued at approximately $208,555.56. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 74,311 shares of company stock valued at $7,702,842. Company insiders own 0.50% of the company’s stock.
About Analog Devices
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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