Tdam USA Inc. Reduces Holdings in Analog Devices, Inc. (ADI)
Tdam USA Inc. trimmed its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 63.2% during the third quarter, according to its most recent Form 13F filing with the SEC. The firm owned 19,649 shares of the semiconductor company’s stock after selling 33,759 shares during the period. Tdam USA Inc.’s holdings in Analog Devices were worth $1,693,000 as of its most recent SEC filing.
Other large investors have also modified their holdings of the company. Franklin Resources Inc. grew its position in Analog Devices by 54.1% in the 2nd quarter. Franklin Resources Inc. now owns 9,251,799 shares of the semiconductor company’s stock valued at $719,786,000 after buying an additional 3,248,336 shares in the last quarter. Janus Henderson Group PLC grew its position in Analog Devices by 576.1% in the 2nd quarter. Janus Henderson Group PLC now owns 1,785,372 shares of the semiconductor company’s stock valued at $138,903,000 after buying an additional 1,521,316 shares in the last quarter. BlackRock Inc. grew its position in Analog Devices by 6.2% in the 2nd quarter. BlackRock Inc. now owns 24,482,633 shares of the semiconductor company’s stock valued at $1,904,749,000 after buying an additional 1,437,338 shares in the last quarter. Prudential PLC grew its position in Analog Devices by 23,301.9% in the 2nd quarter. Prudential PLC now owns 1,304,189 shares of the semiconductor company’s stock valued at $101,466,000 after buying an additional 1,298,616 shares in the last quarter. Finally, FMR LLC grew its position in Analog Devices by 14.6% in the 2nd quarter. FMR LLC now owns 8,889,572 shares of the semiconductor company’s stock valued at $691,608,000 after buying an additional 1,132,549 shares in the last quarter. 87.44% of the stock is currently owned by institutional investors.
Several equities analysts have recently weighed in on ADI shares. BidaskClub upgraded shares of Analog Devices from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Drexel Hamilton restated a “buy” rating and set a $105.00 price objective on shares of Analog Devices in a research report on Wednesday, August 30th. Jefferies Group LLC restated a “buy” rating and set a $100.00 price objective on shares of Analog Devices in a research report on Thursday, October 19th. Citigroup Inc. restated a “neutral” rating and set a $88.00 price objective (down previously from $91.00) on shares of Analog Devices in a research report on Friday, September 1st. Finally, Zacks Investment Research upgraded shares of Analog Devices from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a research report on Tuesday, October 10th. Eleven analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $96.04.
In other news, SVP Peter Real sold 4,505 shares of the firm’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $82.13, for a total value of $369,995.65. Following the sale, the senior vice president now owns 13,531 shares in the company, valued at $1,111,301.03. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Ray Stata sold 25,000 shares of the firm’s stock in a transaction on Friday, September 15th. The stock was 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 directly owns 234,481 shares of the company’s stock, valued at $19,579,163.50. The disclosure for this sale can be found here. In the last quarter, insiders have sold 132,994 shares of company stock worth $11,370,618. Corporate insiders own 1.10% of the company’s stock.
Analog Devices, Inc. (NASDAQ ADI) opened at $89.15 on Friday. The firm has a market cap of $32,679.56, a P/E ratio of 18.94, a P/E/G ratio of 1.67 and a beta of 1.32. The company has a current ratio of 1.47, a quick ratio of 1.52 and a debt-to-equity ratio of 0.74. Analog Devices, Inc. has a 52-week low of $68.42 and a 52-week high of $93.99.
Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share for the quarter, beating the consensus estimate of $1.36 by $0.09. Analog Devices had a net margin of 14.22% and a return on equity of 18.78%. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the firm earned $1.05 earnings per share. The company’s revenue for the quarter was up 53.4% on a year-over-year basis. equities analysts expect that Analog Devices, Inc. will post 5.11 EPS for the current year.
The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Shareholders of record on Friday, December 1st will be issued a dividend of $0.45 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.80 annualized dividend and a yield of 2.02%. Analog Devices’s dividend payout ratio (DPR) is presently 86.96%.
Analog Devices Company 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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