Analog Devices, Inc. (ADI) Shares Bought by SPF Beheer BV
SPF Beheer BV raised its stake in Analog Devices, Inc. (NASDAQ:ADI) by 6.5% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 913,322 shares of the semiconductor company’s stock after purchasing an additional 55,350 shares during the period. Analog Devices accounts for approximately 3.3% of SPF Beheer BV’s holdings, making the stock its 13th biggest holding. SPF Beheer BV owned 0.25% of Analog Devices worth $78,701,000 at the end of the most recent reporting period.
Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Vanguard Group Inc. grew its position in shares of Analog Devices by 3.0% during the 2nd quarter. Vanguard Group Inc. now owns 29,053,102 shares of the semiconductor company’s stock valued at $2,260,331,000 after buying an additional 847,762 shares during the last quarter. BlackRock Inc. grew its position in shares of Analog Devices by 6.2% during 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 during the last quarter. Franklin Resources Inc. grew its position in shares of Analog Devices by 54.1% during 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 during the last quarter. FMR LLC grew its position in shares of Analog Devices by 14.6% during 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 during the last quarter. Finally, Wells Fargo & Company MN grew its position in shares of Analog Devices by 9.6% during the 2nd quarter. Wells Fargo & Company MN now owns 8,717,605 shares of the semiconductor company’s stock valued at $678,231,000 after buying an additional 760,552 shares during the last quarter. 87.44% of the stock is owned by institutional investors.
A number of research analysts have issued reports on ADI shares. Royal Bank Of Canada reissued a “buy” rating and set a $92.00 target price on shares of Analog Devices in a research note on Friday, August 4th. BidaskClub lowered shares of Analog Devices from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. B. Riley reissued a “buy” rating and set a $103.00 target price on shares of Analog Devices in a research note on Thursday, August 17th. BMO Capital Markets reissued an “outperform” rating and set a $100.00 target price (up from $96.00) on shares of Analog Devices in a research note on Tuesday, August 29th. Finally, Nomura raised shares of Analog Devices from a “reduce” rating to a “neutral” rating and boosted their target price for the company from $72.50 to $80.00 in a research note on Thursday, August 31st. Twelve analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. Analog Devices has a consensus rating of “Buy” and an average target price of $93.69.
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In other Analog Devices news, Director Ray Stata sold 25,000 shares of the stock in a transaction on Friday, September 15th. The shares were sold at an average price of $83.50, for a total value of $2,087,500.00. Following the completion of the sale, the director now directly owns 234,481 shares of the company’s stock, valued at approximately $19,579,163.50. The sale was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP Gregory N. Henderson sold 6,396 shares of the stock in a transaction on Thursday, August 31st. The shares were sold at an average price of $84.34, for a total transaction of $539,438.64. Following the completion of the sale, the senior vice president now directly owns 10,327 shares of the company’s stock, valued at $870,979.18. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 132,994 shares of company stock valued at $11,370,618. 1.10% of the stock is owned by insiders.
Analog Devices, Inc. (ADI) traded down $3.45 during midday trading on Tuesday, hitting $89.62. 3,835,510 shares of the company traded hands, compared to its average volume of 2,942,775. The company has a current ratio of 1.99, a quick ratio of 1.52 and a debt-to-equity ratio of 0.83. The company has a market cap of $34,080.00, a P/E ratio of 21.13, a P/E/G ratio of 1.76 and a beta of 1.32. Analog Devices, Inc. has a fifty-two week low of $68.42 and a fifty-two week high of $93.99.
Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Monday, November 20th. The semiconductor company reported $1.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.09. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.50 billion. Analog Devices had a net margin of 14.77% and a return on equity of 19.06%. Analog Devices’s quarterly revenue was up 53.4% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.05 EPS. sell-side analysts anticipate 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 will be paid on Tuesday, December 12th. Investors of record on Friday, December 1st will be issued a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a dividend yield of 2.01%. Analog Devices’s dividend payout ratio is currently 90.00%.
About Analog Devices
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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