Sii Investments Inc. WI Has $489,000 Holdings in Analog Devices, Inc. (ADI)
Sii Investments Inc. WI grew its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 15.3% in the second quarter, according to its most recent filing with the SEC. The firm owned 6,111 shares of the semiconductor company’s stock after acquiring an additional 809 shares during the quarter. Sii Investments Inc. WI’s holdings in Analog Devices were worth $489,000 as of its most recent SEC filing.
A number of other hedge funds have also made changes to their positions in ADI. Waldron LP boosted its position in Analog Devices by 40.9% during the 1st quarter. Waldron LP now owns 4,166 shares of the semiconductor company’s stock worth $341,000 after acquiring an additional 1,210 shares during the period. Private Advisor Group LLC boosted its position in Analog Devices by 1,377.6% during the 1st quarter. Private Advisor Group LLC now owns 53,269 shares of the semiconductor company’s stock worth $2,353,000 after acquiring an additional 49,664 shares during the period. Delta Lloyd NV boosted its position in Analog Devices by 158.3% during the 1st quarter. Delta Lloyd NV now owns 128,269 shares of the semiconductor company’s stock worth $9,774,000 after acquiring an additional 78,612 shares during the period. Peapack Gladstone Financial Corp boosted its position in Analog Devices by 1.5% during the 1st quarter. Peapack Gladstone Financial Corp now owns 3,095 shares of the semiconductor company’s stock worth $254,000 after acquiring an additional 45 shares during the period. Finally, Madison Investment Holdings Inc. boosted its position in Analog Devices by 0.6% during the 1st quarter. Madison Investment Holdings Inc. now owns 10,902 shares of the semiconductor company’s stock worth $893,000 after acquiring an additional 61 shares during the period. Institutional investors own 86.67% of the company’s stock.
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Shares of Analog Devices, Inc. (ADI) traded down 0.06% during midday trading on Friday, hitting $87.84. The stock had a trading volume of 99,812 shares. The stock has a market capitalization of $32.30 billion, a price-to-earnings ratio of 43.72 and a beta of 1.30. Analog Devices, Inc. has a 52 week low of $59.54 and a 52 week high of $90.49. The stock has a 50 day moving average price of $82.69 and a 200-day moving average price of $80.38.
Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Wednesday, August 30th. The semiconductor company reported $1.26 EPS for the quarter, topping 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 business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter last year, the business posted $0.82 EPS. The firm’s revenue was up 64.9% compared to the same quarter last year. Equities research analysts anticipate that Analog Devices, Inc. will post $4.62 earnings per share for the current year.
The company also recently declared a quarterly dividend, which was paid on Tuesday, September 19th. Shareholders of record on Friday, September 8th were paid a $0.45 dividend. This represents a $1.80 annualized dividend and a dividend yield of 2.05%. The ex-dividend date was Thursday, September 7th. Analog Devices’s dividend payout ratio is 86.12%.
In other news, SVP Gregory N. Henderson sold 6,396 shares of the firm’s stock in a transaction dated Thursday, August 31st. The stock was sold at an average price of $84.34, for a total value of $539,438.64. Following the completion of the transaction, the senior vice president now owns 10,327 shares in the company, valued at approximately $870,979.18. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Ray Stata sold 25,000 shares of the firm’s stock in a transaction dated 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 completion of the transaction, the director now owns 234,481 shares of the company’s stock, valued at approximately $19,579,163.50. The disclosure for this sale can be found here. Insiders sold a total of 111,494 shares of company stock worth $9,355,681 in the last three months. Company insiders own 1.10% of the company’s stock.
A number of brokerages have issued reports on ADI. B. Riley reiterated a “buy” rating and set a $103.00 price target on shares of Analog Devices in a research report on Tuesday, June 27th. Royal Bank Of Canada reiterated a “buy” rating and set a $92.00 price target on shares of Analog Devices in a research report on Friday, August 4th. Stifel Nicolaus reiterated a “buy” rating and set a $97.00 price target on shares of Analog Devices in a research report on Monday, September 25th. BidaskClub lowered Analog Devices from a “hold” rating to a “sell” rating in a research report on Saturday, August 5th. Finally, Jefferies Group LLC reiterated a “buy” rating on shares of Analog Devices in a research report on Monday, July 10th. Twelve equities research analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has assigned a strong buy rating to the stock. Analog Devices presently has an average rating of “Buy” and a consensus target price of $92.12.
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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