Bronfman E.L. Rothschild L.P. lifted its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 73.2% during the third quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 4,926 shares of the semiconductor company’s stock after purchasing an additional 2,082 shares during the quarter. Bronfman E.L. Rothschild L.P.’s holdings in Analog Devices were worth $424,000 at the end of the most recent quarter.

Several other large investors also recently bought and sold shares of ADI. Quantitative Systematic Strategies LLC acquired a new position in shares of Analog Devices during the 2nd quarter worth $756,000. Riverbridge Partners LLC acquired a new position in shares of Analog Devices during the 2nd quarter worth $24,054,000. Sadoff Investment Management LLC grew its stake in shares of Analog Devices by 1.3% during the 2nd quarter. Sadoff Investment Management LLC now owns 285,083 shares of the semiconductor company’s stock worth $22,179,000 after purchasing an additional 3,751 shares during the period. Deltec Asset Management LLC acquired a new position in shares of Analog Devices during the 2nd quarter worth $1,000,000. Finally, Russell Investments Group Ltd. grew its stake in shares of Analog Devices by 28.4% during the 2nd quarter. Russell Investments Group Ltd. now owns 403,786 shares of the semiconductor company’s stock worth $31,424,000 after purchasing an additional 89,419 shares during the period. 87.44% of the stock is currently owned by institutional investors and hedge funds.

In other Analog Devices news, SVP Peter Real sold 4,505 shares of the firm’s stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $82.13, for a total value of $369,995.65. Following the sale, the senior vice president now directly owns 13,531 shares in the company, valued at $1,111,301.03. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Champy sold 10,000 shares of the firm’s stock in a transaction on Friday, September 1st. The shares were sold at an average price of $85.00, for a total value of $850,000.00. Following the completion of 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. Insiders have sold 132,994 shares of company stock worth $11,370,618 over the last 90 days. 1.10% of the stock is currently owned by company insiders.

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A number of equities analysts have recently weighed in on the stock. Morgan Stanley lowered their price target on shares of Analog Devices from $103.00 to $98.00 and set an “overweight” rating on the stock in a research note on Wednesday. Stifel Nicolaus lowered their price objective on shares of Analog Devices from $100.00 to $98.00 and set a “buy” rating on the stock in a research note on Wednesday. Jefferies Group LLC increased their price objective on shares of Analog Devices to $110.00 and gave the company a “buy” rating in a research note on Wednesday. B. Riley increased their price objective on shares of Analog Devices from $110.00 to $113.00 and gave the company a “buy” rating in a research note on Wednesday. Finally, Drexel Hamilton reissued a “buy” rating and issued a $105.00 price objective on shares of Analog Devices in a research note on Tuesday. Twelve investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. Analog Devices presently has a consensus rating of “Buy” and a consensus price target of $94.19.

Shares of Analog Devices, Inc. (ADI) traded down $1.54 during trading hours on Thursday, reaching $88.65. 3,968,777 shares of the company’s stock traded hands, compared to its average volume of 2,961,242. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 1.52. Analog Devices, Inc. has a one year low of $68.42 and a one year high of $93.99. The firm has a market capitalization of $33,159.95, a P/E ratio of 19.27, a price-to-earnings-growth ratio of 1.75 and a beta of 1.32.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.09. Analog Devices had a net margin of 14.22% and a return on equity of 18.78%. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the company earned $1.05 earnings per share. Analog Devices’s revenue for the quarter was up 53.4% on a year-over-year basis. equities research analysts anticipate that Analog Devices, Inc. will post 4.96 EPS for the current 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 paid a dividend of $0.45 per share. This represents a $1.80 annualized dividend and a yield of 2.03%. The ex-dividend date of this dividend is Thursday, November 30th. Analog Devices’s dividend payout ratio (DPR) is presently 86.96%.

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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