Oppenheimer Asset Management Inc. lifted its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 8.8% in the 3rd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 131,434 shares of the semiconductor company’s stock after acquiring an additional 10,673 shares during the period. Oppenheimer Asset Management Inc.’s holdings in Analog Devices were worth $11,325,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also recently made changes to their positions in ADI. Vanguard Group Inc. grew its position in Analog Devices by 3.0% in the 2nd quarter. Vanguard Group Inc. now owns 29,053,102 shares of the semiconductor company’s stock worth $2,260,331,000 after purchasing an additional 847,762 shares during the period. BlackRock Inc. grew its position in Analog Devices by 6.2% in the 2nd quarter. BlackRock Inc. now owns 24,482,633 shares of the semiconductor company’s stock worth $1,904,749,000 after purchasing an additional 1,437,338 shares during the period. JPMorgan Chase & Co. grew its position in Analog Devices by 1.3% in the 3rd quarter. JPMorgan Chase & Co. now owns 16,692,851 shares of the semiconductor company’s stock worth $1,429,574,000 after purchasing an additional 213,714 shares during the period. Franklin Resources Inc. grew its position in Analog Devices by 54.1% in the 2nd quarter. Franklin Resources Inc. now owns 9,251,799 shares of the semiconductor company’s stock worth $719,786,000 after purchasing an additional 3,248,336 shares during the period. Finally, FMR LLC grew its position in Analog Devices by 14.6% in the 2nd quarter. FMR LLC now owns 8,889,572 shares of the semiconductor company’s stock worth $691,608,000 after purchasing an additional 1,132,549 shares during the period. 87.08% of the stock is owned by institutional investors.

Analog Devices, Inc. (NASDAQ ADI) opened at $85.41 on Thursday. The firm has a market cap of $31,271.38, a price-to-earnings ratio of 18.13, a PEG ratio of 1.57 and a beta of 1.29. Analog Devices, Inc. has a one year low of $70.52 and a one year high of $93.99. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.13 and a current ratio of 1.47.

Analog Devices (NASDAQ:ADI) last released its earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates 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 for the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the previous year, the company earned $1.05 EPS. Analog Devices’s revenue for the quarter was up 53.4% on a year-over-year basis. equities research analysts forecast that Analog Devices, Inc. will post 5.2 earnings per share for the current fiscal year.

The company also recently announced 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 dividend on an annualized basis and a dividend yield of 2.11%. The ex-dividend date is Thursday, November 30th. Analog Devices’s dividend payout ratio (DPR) is 86.96%.

In related news, SVP Jean Philibert sold 5,098 shares of Analog Devices stock in a transaction on Wednesday, November 22nd. The shares were sold at an average price of $90.24, for a total transaction of $460,043.52. Following the transaction, the senior vice president now owns 5,098 shares in the company, valued at approximately $460,043.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Vincent Roche sold 100,000 shares of Analog Devices stock in a transaction on Monday, December 4th. The shares were sold at an average price of $85.17, for a total transaction of $8,517,000.00. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 219,256 shares of company stock worth $18,796,594. 1.10% of the stock is owned by corporate insiders.

A number of research firms have commented on ADI. B. Riley reaffirmed a “buy” rating and issued a $110.00 target price on shares of Analog Devices in a research report on Sunday, August 27th. KeyCorp reaffirmed a “buy” rating and issued a $107.00 target price on shares of Analog Devices in a research report on Friday, November 24th. Stifel Nicolaus reaffirmed a “buy” rating and issued a $97.00 target price on shares of Analog Devices in a research report on Monday, September 25th. BidaskClub raised shares of Analog Devices from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, Instinet raised shares of Analog Devices from a “reduce” rating to a “neutral” rating and lifted their target price for the stock from $72.50 to $80.00 in a research report on Thursday, August 31st. Eleven research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $96.04.

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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.

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

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