Coldstream Capital Management Inc. decreased its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 2.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 29,033 shares of the semiconductor company’s stock after selling 644 shares during the period. Coldstream Capital Management Inc.’s holdings in Analog Devices were worth $3,277,000 as of its most recent SEC filing.
A number of other hedge funds and other institutional investors have also modified their holdings of the stock. CSat Investment Advisory L.P. boosted its position in shares of Analog Devices by 1,312.5% in the second quarter. CSat Investment Advisory L.P. now owns 1,017 shares of the semiconductor company’s stock worth $115,000 after purchasing an additional 945 shares during the period. Cubist Systematic Strategies LLC grew its holdings in shares of Analog Devices by 22.1% in the second quarter. Cubist Systematic Strategies LLC now owns 33,777 shares of the semiconductor company’s stock worth $3,812,000 after purchasing an additional 6,111 shares during the last quarter. Marshall Wace LLP bought a new position in shares of Analog Devices in the second quarter worth about $604,000. Zurich Insurance Group Ltd FI grew its holdings in Analog Devices by 15.3% during the 2nd quarter. Zurich Insurance Group Ltd FI now owns 88,311 shares of the semiconductor company’s stock worth $9,968,000 after acquiring an additional 11,726 shares in the last quarter. Finally, AQR Capital Management LLC grew its holdings in Analog Devices by 84.9% during the 2nd quarter. AQR Capital Management LLC now owns 196,525 shares of the semiconductor company’s stock worth $22,182,000 after acquiring an additional 90,265 shares in the last quarter. 87.52% of the stock is owned by institutional investors.
NASDAQ ADI traded down $0.55 on Friday, reaching $115.33. The stock had a trading volume of 2,406,762 shares, compared to its average volume of 1,865,828. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.92 and a current ratio of 1.35. Analog Devices, Inc. has a 12-month low of $76.62 and a 12-month high of $124.79. The business’s 50-day moving average price is $111.14 and its 200 day moving average price is $110.11. The stock has a market cap of $43.06 billion, a P/E ratio of 19.42, a price-to-earnings-growth ratio of 2.14 and a beta of 1.43.
Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Wednesday, August 21st. The semiconductor company reported $1.26 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.04. Analog Devices had a return on equity of 17.87% and a net margin of 24.71%. The company had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.46 billion. During the same quarter in the previous year, the business earned $1.53 earnings per share. The firm’s revenue for the quarter was down 5.0% on a year-over-year basis. On average, sell-side analysts predict that Analog Devices, Inc. will post 5.2 earnings per share for the current year.
The business also recently declared a quarterly dividend, which was paid on Wednesday, September 11th. Stockholders of record on Friday, August 30th were paid a dividend of $0.54 per share. This represents a $2.16 annualized dividend and a dividend yield of 1.87%. The ex-dividend date was Thursday, August 29th. Analog Devices’s dividend payout ratio (DPR) is presently 36.36%.
Several equities analysts recently commented on the stock. Barclays raised shares of Analog Devices from an “equal weight” rating to an “overweight” rating and increased their price objective for the company from $105.00 to $130.00 in a research report on Thursday, September 12th. Piper Jaffray Companies lifted their price target on shares of Analog Devices from $118.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, July 9th. Zacks Investment Research cut shares of Analog Devices from a “hold” rating to a “strong sell” rating and set a $102.00 price target on the stock. in a research note on Wednesday, May 29th. BidaskClub raised shares of Analog Devices from a “sell” rating to a “hold” rating in a research note on Saturday, August 31st. Finally, Morgan Stanley lifted their price target on shares of Analog Devices from $97.00 to $100.00 and gave the company an “equal weight” rating in a research note on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average target price of $111.67.
In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Monday, July 1st. The stock was sold at an average price of $115.23, for a total value of $1,152,300.00. Following the completion of the transaction, the chief executive officer now owns 31,206 shares in the company, valued at $3,595,867.38. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Steve Pietkiewicz sold 7,219 shares of the stock in a transaction on Thursday, June 27th. The stock was sold at an average price of $113.03, for a total value of $815,963.57. Following the completion of the transaction, the senior vice president now owns 29,870 shares of the company’s stock, valued at approximately $3,376,206.10. The disclosure for this sale can be found here. Insiders have sold 57,486 shares of company stock valued at $6,466,849 in the last 90 days. Company insiders own 0.50% of the company’s stock.
About Analog Devices
Analog Devices, Inc engages in the design, development, manufacture, and marketing of integrated circuits (ICs). Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable consumer devices.
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