Analog Devices, Inc. (ADI) Position Maintained by R.M.SINCERBEAUX Capital Management LLC
R.M.SINCERBEAUX Capital Management LLC maintained its position in Analog Devices, Inc. (NASDAQ:ADI) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 18,850 shares of the semiconductor company’s stock at the close of the 2nd quarter. Analog Devices comprises about 1.3% of R.M.SINCERBEAUX Capital Management LLC’s investment portfolio, making the stock its 24th largest holding. R.M.SINCERBEAUX Capital Management LLC’s holdings in Analog Devices were worth $1,467,000 at the end of the most recent quarter.
Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ADI. Waldron LP lifted its stake in shares of Analog Devices by 40.9% in the 1st quarter. Waldron LP now owns 4,166 shares of the semiconductor company’s stock valued at $341,000 after acquiring an additional 1,210 shares during the last quarter. Strs Ohio lifted its stake in shares of Analog Devices by 83.6% in the 1st quarter. Strs Ohio now owns 8,063 shares of the semiconductor company’s stock valued at $660,000 after acquiring an additional 3,671 shares during the last quarter. Canada Pension Plan Investment Board lifted its stake in shares of Analog Devices by 2,154.2% in the 1st quarter. Canada Pension Plan Investment Board now owns 71,143 shares of the semiconductor company’s stock valued at $5,830,000 after acquiring an additional 67,987 shares during the last quarter. Capital Fund Management S.A. lifted its stake in shares of Analog Devices by 111.5% in the 1st quarter. Capital Fund Management S.A. now owns 8,460 shares of the semiconductor company’s stock valued at $693,000 after acquiring an additional 4,460 shares during the last quarter. Finally, HPM Partners LLC bought a new stake in shares of Analog Devices in the 1st quarter valued at about $2,221,000. 86.72% of the stock is owned by institutional investors.
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A number of research analysts have commented on ADI shares. Zacks Investment Research lowered Analog Devices from a “strong-buy” rating to a “hold” rating in a research report on Monday, May 15th. Bank of America Corporation reaffirmed a “buy” rating and set a $100.00 price target (up previously from $92.00) on shares of Analog Devices in a research report on Friday, June 2nd. Drexel Hamilton reaffirmed a “buy” rating and set a $105.00 price target on shares of Analog Devices in a research report on Wednesday, August 30th. Oppenheimer Holdings, Inc. reaffirmed an “outperform” rating and set a $100.00 price target (up previously from $90.00) on shares of Analog Devices in a research report on Friday, June 2nd. Finally, Jefferies Group LLC reaffirmed a “buy” rating on shares of Analog Devices in a research report on Monday, July 10th. Twelve analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The company currently has an average rating of “Buy” and a consensus price target of $91.85.
In other Analog Devices news, SVP Joseph Hassett sold 11,280 shares of the stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $83.76, for a total transaction of $944,812.80. Following the sale, the senior vice president now directly owns 23,019 shares in the company, valued at approximately $1,928,071.44. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director James Champy sold 10,000 shares of the stock in a transaction that occurred on Friday, September 1st. The stock was sold at an average price of $85.00, for a total transaction of $850,000.00. Following the sale, the director now owns 20,185 shares in the company, valued at $1,715,725. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 45,686 shares of company stock worth $3,780,282. 1.10% of the stock is owned by company insiders.
Analog Devices, Inc. (NASDAQ ADI) traded up 1.846% during mid-day trading on Monday, hitting $81.925. The company had a trading volume of 1,020,170 shares. Analog Devices, Inc. has a 1-year low of $59.01 and a 1-year high of $90.49. The firm has a market capitalization of $30.07 billion, a PE ratio of 31.377 and a beta of 1.29. The company has a 50 day moving average of $79.65 and a 200 day moving average of $80.12.
Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $1.15 by $0.11. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. Analog Devices had a net margin of 14.77% and a return on equity of 19.06%. The firm’s quarterly revenue was up 64.9% on a year-over-year basis. During the same period in the prior year, the business earned $0.82 EPS. Analysts predict that Analog Devices, Inc. will post $4.62 earnings per share for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Friday, September 8th will be issued a dividend of $0.45 per share. The ex-dividend date of this dividend is Thursday, September 7th. This represents a $1.80 dividend on an annualized basis and a yield of 2.24%. Analog Devices’s dividend payout ratio (DPR) is presently 86.12%.
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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