Quadrant Capital Group LLC Decreases Position in Analog Devices, Inc. (ADI)
Quadrant Capital Group LLC trimmed its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 12.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 2,272 shares of the semiconductor company’s stock after selling 326 shares during the period. Quadrant Capital Group LLC’s holdings in Analog Devices were worth $150,000 as of its most recent SEC filing.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Coldstream Capital Management Inc. grew its position in Analog Devices by 6.6% during the 2nd quarter. Coldstream Capital Management Inc. now owns 25,712 shares of the semiconductor company’s stock worth $2,000,000 after acquiring an additional 1,597 shares during the last quarter. Tower Research Capital LLC TRC grew its position in Analog Devices by 542.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 3,135 shares of the semiconductor company’s stock worth $244,000 after acquiring an additional 2,647 shares during the last quarter. Simmons Bank grew its position in Analog Devices by 0.8% during the 2nd quarter. Simmons Bank now owns 7,134 shares of the semiconductor company’s stock worth $555,000 after acquiring an additional 59 shares during the last quarter. NBW Capital LLC bought a new position in Analog Devices during the 2nd quarter worth approximately $2,853,000. Finally, Carret Asset Management LLC bought a new position in Analog Devices during the 2nd quarter worth approximately $1,116,000. 86.67% of the stock is currently owned by institutional investors.
In other Analog Devices news, SVP Peter Real sold 4,505 shares of the stock in a transaction on Friday, July 21st. The stock was sold at an average price of $80.07, for a total transaction of $360,715.35. Following the sale, the senior vice president now owns 13,531 shares of the company’s stock, valued at approximately $1,083,427.17. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Margaret K. Seif sold 3,000 shares of the stock in a transaction on Thursday, July 20th. The shares were sold at an average price of $80.35, for a total value of $241,050.00. Following the sale, the senior vice president now directly owns 20,404 shares in the company, valued at approximately $1,639,461.40. The disclosure for this sale can be found here. Insiders have sold a total of 126,494 shares of company stock worth $10,677,931 in the last ninety days. Insiders own 1.10% of the company’s stock.
Analog Devices, Inc. (NASDAQ ADI) traded up 0.10% on Wednesday, hitting $88.08. The stock had a trading volume of 111,147 shares. The firm has a market capitalization of $32.38 billion, a price-to-earnings ratio of 42.97 and a beta of 1.30. The stock’s 50-day moving average is $83.57 and its 200 day moving average is $80.49. Analog Devices, Inc. has a 1-year low of $59.54 and a 1-year high of $90.49.
Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the prior year, the firm earned $0.82 earnings per share. Analog Devices’s revenue was up 64.9% compared to the same quarter last year. On average, equities research analysts predict that Analog Devices, Inc. will post $4.62 earnings per share for the current fiscal year.
The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 19th. Investors of record on Friday, September 8th were paid a $0.45 dividend. The ex-dividend date of this dividend was Thursday, September 7th. This represents a $1.80 annualized dividend and a yield of 2.05%. Analog Devices’s dividend payout ratio (DPR) is currently 86.12%.
Several research firms recently issued reports on ADI. B. Riley restated a “buy” rating and set a $110.00 price target on shares of Analog Devices in a research report on Sunday, August 27th. Drexel Hamilton restated a “buy” rating and set a $105.00 price target on shares of Analog Devices in a research report on Wednesday, August 30th. BidaskClub upgraded Analog Devices from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Zacks Investment Research upgraded Analog Devices from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research report on Tuesday. Finally, BMO Capital Markets restated an “outperform” rating and set a $100.00 price target (up from $96.00) on shares of Analog Devices in a research report on Tuesday, August 29th. Eleven investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. Analog Devices currently has an average rating of “Buy” and a consensus target price of $92.35.
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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