Williams Jones & Associates LLC increased its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 64.8% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 7,948 shares of the semiconductor company’s stock after acquiring an additional 3,125 shares during the period. Williams Jones & Associates LLC’s holdings in Analog Devices were worth $618,000 at the end of the most recent quarter.

Other large investors have also recently added to or reduced their stakes in the company. Pathstone Family Office LLC boosted its position in shares of Analog Devices by 75.0% in the 2nd quarter. Pathstone Family Office LLC now owns 35 shares of the semiconductor company’s stock valued at $1,557,000 after purchasing an additional 15 shares during the period. Lazard Asset Management LLC acquired a new position in shares of Analog Devices in the 1st quarter valued at $100,000. Jacobus Wealth Management Inc. acquired a new position in shares of Analog Devices in the 1st quarter valued at $113,000. Guardian Life Insurance Co. of America boosted its position in shares of Analog Devices by 18.9% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,403 shares of the semiconductor company’s stock valued at $115,000 after purchasing an additional 223 shares during the period. Finally, Whittier Trust Co. of Nevada Inc. boosted its position in shares of Analog Devices by 51.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,406 shares of the semiconductor company’s stock valued at $109,000 after purchasing an additional 475 shares during the period. 86.67% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Analog Devices, Inc. (NASDAQ ADI) traded up 0.1309% on Thursday, hitting $87.1139. The company had a trading volume of 181,590 shares. The firm has a 50 day moving average of $82.47 and a 200-day moving average of $80.33. Analog Devices, Inc. has a 12-month low of $59.54 and a 12-month high of $90.49. The firm has a market capitalization of $32.03 billion, a P/E ratio of 43.3618 and a beta of 1.30.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 EPS for the quarter, beating the 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 firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the prior year, the firm posted $0.82 earnings per share. The business’s quarterly revenue was up 64.9% compared to the same quarter last year. On average, equities analysts predict that Analog Devices, Inc. will post $4.62 EPS for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 19th. Investors of record on Friday, September 8th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, September 7th. This represents a $1.80 annualized dividend and a yield of 2.07%. Analog Devices’s dividend payout ratio (DPR) is presently 86.12%.

A number of equities analysts recently weighed in on ADI shares. Royal Bank Of Canada reiterated a “buy” rating and issued a $92.00 price target on shares of Analog Devices in a research report on Friday, August 4th. Jefferies Group LLC reiterated a “buy” rating on shares of Analog Devices in a research report on Monday, July 10th. B. Riley reiterated a “buy” rating and issued a $103.00 price target on shares of Analog Devices in a research report on Tuesday, June 27th. Drexel Hamilton reiterated a “buy” rating and issued a $105.00 price target on shares of Analog Devices in a research report on Wednesday, August 30th. Finally, BidaskClub upgraded Analog Devices from a “hold” rating to a “buy” rating in a research report on Saturday, September 2nd. Twelve analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $92.12.

In related news, Director Bruce R. Evans purchased 14,000 shares of Analog Devices stock in a transaction that occurred on Friday, July 7th. The stock was purchased at an average cost of $78.28 per share, with a total value of $1,095,920.00. Following the completion of the transaction, the director now owns 67,540 shares of the company’s stock, valued at approximately $5,287,031.20. The purchase was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, SVP Margaret K. Seif sold 3,000 shares of the stock in a transaction that occurred on Monday, August 21st. The shares were sold at an average price of $77.81, for a total value of $233,430.00. Following the transaction, the senior vice president now directly owns 20,404 shares of the company’s stock, valued at $1,587,635.24. The disclosure for this sale can be found here. Insiders have sold 106,494 shares of company stock valued at $8,920,681 over the last three months. Insiders own 1.10% of the company’s stock.

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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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Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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