1st Global Advisors Inc. bought a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 8,752 shares of the semiconductor company’s stock, valued at approximately $681,000.

A number of other institutional investors have also recently added to or reduced their stakes in the stock. Ameritas Investment Partners Inc. boosted its holdings in Analog Devices by 7.0% during the second quarter. Ameritas Investment Partners Inc. now owns 14,953 shares of the semiconductor company’s stock worth $1,163,000 after purchasing an additional 972 shares during the last quarter. Raymond James Financial Services Advisors Inc. boosted its holdings in Analog Devices by 11.7% during the second quarter. Raymond James Financial Services Advisors Inc. now owns 189,625 shares of the semiconductor company’s stock worth $14,753,000 after purchasing an additional 19,914 shares during the last quarter. Coldstream Capital Management Inc. boosted its holdings in Analog Devices by 6.6% during the second quarter. Coldstream Capital Management Inc. now owns 25,712 shares of the semiconductor company’s stock worth $2,000,000 after purchasing an additional 1,597 shares during the last quarter. Tower Research Capital LLC TRC boosted its holdings in Analog Devices by 542.4% during the second quarter. Tower Research Capital LLC TRC now owns 3,135 shares of the semiconductor company’s stock worth $244,000 after purchasing an additional 2,647 shares during the last quarter. Finally, Simmons Bank boosted its holdings in Analog Devices by 0.8% during the second quarter. Simmons Bank now owns 7,134 shares of the semiconductor company’s stock worth $555,000 after purchasing an additional 59 shares during the last quarter. Institutional investors and hedge funds own 86.59% of the company’s stock.

Several research analysts recently weighed in on the stock. B. Riley restated a “buy” rating and set a $110.00 price target on shares of Analog Devices in a report on Sunday, August 27th. Royal Bank Of Canada boosted their price target on shares of Analog Devices from $92.00 to $95.00 and gave the stock an “outperform” rating in a report on Thursday, August 31st. BidaskClub cut shares of Analog Devices from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. ValuEngine cut shares of Analog Devices from a “buy” rating to a “hold” rating in a report on Thursday, September 21st. Finally, Instinet upgraded shares of Analog Devices from a “reduce” rating to a “neutral” rating and boosted their price target for the stock from $72.50 to $80.00 in a report on Thursday, August 31st. Eleven analysts have rated the stock with a hold rating, twenty have given a buy rating and one has given a strong buy rating to the stock. Analog Devices has an average rating of “Buy” and a consensus price target of $92.85.

Analog Devices, Inc. (ADI) traded down 0.55% during mid-day trading on Monday, reaching $88.57. 220,355 shares of the company were exchanged. The stock has a 50 day moving average of $84.55 and a 200-day moving average of $80.64. The stock has a market capitalization of $32.56 billion, a price-to-earnings ratio of 44.09 and a beta of 1.30. Analog Devices, Inc. has a one year low of $61.27 and a one year high of $90.49.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.11. Analog Devices had a net margin of 14.77% and a return on equity of 19.06%. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same quarter in the previous year, the firm earned $0.82 earnings per share. The company’s revenue for the quarter was up 64.9% on a year-over-year basis. On average, equities analysts expect that Analog Devices, Inc. will post $4.62 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 19th. Shareholders of record on Friday, September 8th were issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.02%. The ex-dividend date of this dividend was Thursday, September 7th. Analog Devices’s dividend payout ratio is currently 86.12%.

In other Analog Devices news, Director James Champy sold 10,000 shares of Analog Devices stock in a transaction that occurred on Friday, September 1st. The shares were sold at an average price of $85.00, for a total transaction of $850,000.00. Following the transaction, the director now owns 20,185 shares of the company’s stock, valued at $1,715,725. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Margaret K. Seif sold 3,000 shares of Analog Devices stock in a transaction that occurred on Thursday, July 20th. The shares were sold at an average price of $80.35, for a total transaction of $241,050.00. Following the transaction, 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 126,494 shares of company stock worth $10,677,931 in the last ninety days. Insiders own 1.10% of the company’s stock.

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

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