USA Financial Portformulas Corp Has $2.79 Million Holdings in Analog Devices, Inc. (ADI)

USA Financial Portformulas Corp cut its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 57.9% in the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 35,842 shares of the semiconductor company’s stock after selling 49,317 shares during the period. USA Financial Portformulas Corp’s holdings in Analog Devices were worth $2,789,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently bought and sold shares of ADI. BlackRock Inc. increased its position in Analog Devices by 3,292.7% during the 1st quarter. BlackRock Inc. now owns 23,045,295 shares of the semiconductor company’s stock worth $1,888,562,000 after purchasing an additional 22,366,040 shares during the period. Vanguard Group Inc. increased its position in Analog Devices by 24.3% during the 1st quarter. Vanguard Group Inc. now owns 28,205,340 shares of the semiconductor company’s stock worth $2,311,428,000 after purchasing an additional 5,506,925 shares during the period. Franklin Resources Inc. increased its position in Analog Devices by 54.1% during 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. FMR LLC increased its position in Analog Devices by 52.2% during the 1st quarter. FMR LLC now owns 7,757,023 shares of the semiconductor company’s stock worth $635,689,000 after purchasing an additional 2,661,277 shares during the period. Finally, State Street Corp increased its position in Analog Devices by 20.0% during the 1st quarter. State Street Corp now owns 14,958,586 shares of the semiconductor company’s stock worth $1,225,852,000 after purchasing an additional 2,493,568 shares during the period. 86.59% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be read at https://ledgergazette.com/2017/10/17/usa-financial-portformulas-corp-has-2-79-million-holdings-in-analog-devices-inc-adi.html.

ADI has been the topic of several recent analyst reports. Royal Bank Of Canada boosted their target price on Analog Devices from $92.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, August 31st. BidaskClub upgraded Analog Devices from a “hold” rating to a “buy” rating in a research report on Saturday, September 2nd. Drexel Hamilton reiterated a “buy” rating and set a $105.00 target price on shares of Analog Devices in a research report on Wednesday, August 30th. Morgan Stanley reiterated an “overweight” rating and set a $96.00 target price on shares of Analog Devices in a research report on Thursday, August 31st. Finally, Zacks Investment Research upgraded Analog Devices from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a research report on Tuesday, October 10th. Eleven equities research 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. The stock has a consensus rating of “Buy” and a consensus target price of $92.85.

In other news, Director Kenton J. Sicchitano sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $88.15, for a total value of $1,322,250.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Peter Real sold 4,505 shares of the business’s stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $80.07, for a total transaction of $360,715.35. Following the completion of the transaction, the senior vice president now owns 13,531 shares in the company, valued at approximately $1,083,427.17. The disclosure for this sale can be found here. Insiders have sold a total of 126,494 shares of company stock worth $10,677,931 over the last three months. Insiders own 1.10% of the company’s stock.

Shares of Analog Devices, Inc. (ADI) traded down 0.26% during trading on Tuesday, reaching $88.60. 353,199 shares of the company traded hands. Analog Devices, Inc. has a 12-month low of $61.27 and a 12-month high of $90.49. The firm has a market capitalization of $32.58 billion, a price-to-earnings ratio of 44.10 and a beta of 1.30. The company has a 50 day moving average price of $84.55 and a 200 day moving average price of $80.64.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share for the quarter, topping the Zacks’ 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 firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the firm posted $0.82 EPS. The company’s revenue for the quarter was up 64.9% compared to the same quarter last year. On average, equities analysts predict that Analog Devices, Inc. will post $4.62 EPS for the current year.

The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 19th. Shareholders of record on Friday, September 8t

A number of other institutional investors and hedge funds also recently bought and sold shares of ADI. BlackRock Inc. increased its position in Analog Devices by 3,292.7% during the 1st quarter. BlackRock Inc. now owns 23,045,295 shares of the semiconductor company’s stock worth $1,888,562,000 after purchasing an additional 22,366,040 shares during the period. Vanguard Group Inc. increased its position in Analog Devices by 24.3% during the 1st quarter. Vanguard Group Inc. now owns 28,205,340 shares of the semiconductor company’s stock worth $2,311,428,000 after purchasing an additional 5,506,925 shares during the period. Franklin Resources Inc. increased its position in Analog Devices by 54.1% during 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. FMR LLC increased its position in Analog Devices by 52.2% during the 1st quarter. FMR LLC now owns 7,757,023 shares of the semiconductor company’s stock worth $635,689,000 after purchasing an additional 2,661,277 shares during the period. Finally, State Street Corp increased its position in Analog Devices by 20.0% during the 1st quarter. State Street Corp now owns 14,958,586 shares of the semiconductor company’s stock worth $1,225,852,000 after purchasing an additional 2,493,568 shares during the period. 86.59% of the stock is owned by hedge funds and other institutional investors.

ILLEGAL ACTIVITY NOTICE: This piece of content was originally posted by The Ledger Gazette and is the property of of The Ledger Gazette. If you are accessing this piece of content on another domain, it was illegally copied and republished in violation of US and international trademark and copyright legislation. The correct version of this piece of content can be read at https://ledgergazette.com/2017/10/17/usa-financial-portformulas-corp-has-2-79-million-holdings-in-analog-devices-inc-adi.html.

ADI has been the topic of several recent analyst reports. Royal Bank Of Canada boosted their target price on Analog Devices from $92.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, August 31st. BidaskClub upgraded Analog Devices from a “hold” rating to a “buy” rating in a research report on Saturday, September 2nd. Drexel Hamilton reiterated a “buy” rating and set a $105.00 target price on shares of Analog Devices in a research report on Wednesday, August 30th. Morgan Stanley reiterated an “overweight” rating and set a $96.00 target price on shares of Analog Devices in a research report on Thursday, August 31st. Finally, Zacks Investment Research upgraded Analog Devices from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a research report on Tuesday, October 10th. Eleven equities research 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. The stock has a consensus rating of “Buy” and a consensus target price of $92.85.

In other news, Director Kenton J. Sicchitano sold 15,000 shares of the business’s stock in a transaction that occurred on Thursday, October 5th. The shares were sold at an average price of $88.15, for a total value of $1,322,250.00. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, SVP Peter Real sold 4,505 shares of the business’s stock in a transaction that occurred on Friday, July 21st. The stock was sold at an average price of $80.07, for a total transaction of $360,715.35. Following the completion of the transaction, the senior vice president now owns 13,531 shares in the company, valued at approximately $1,083,427.17. The disclosure for this sale can be found here. Insiders have sold a total of 126,494 shares of company stock worth $10,677,931 over the last three months. Insiders own 1.10% of the company’s stock.

Shares of Analog Devices, Inc. (ADI) traded down 0.26% during trading on Tuesday, reaching $88.60. 353,199 shares of the company traded hands. Analog Devices, Inc. has a 12-month low of $61.27 and a 12-month high of $90.49. The firm has a market capitalization of $32.58 billion, a price-to-earnings ratio of 44.10 and a beta of 1.30. The company has a 50 day moving average price of $84.55 and a 200 day moving average price of $80.64.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share for the quarter, topping the Zacks’ 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 firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period in the previous year, the firm posted $0.82 EPS. The company’s revenue for the quarter was up 64.9% compared to the same quarter last year. On average, equities analysts predict that Analog Devices, Inc. will post $4.62 EPS for the current year.

The firm also recently announced 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 dividend on an annualized basis and a yield of 2.03%. The ex-dividend date of this dividend was Thursday, September 7th. Analog Devices’s payout ratio is 86.12%.

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.

Want to see what other hedge funds are holding ADI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Analog Devices, Inc. (NASDAQ:ADI).

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

Receive News & Ratings for Analog Devices Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Analog Devices Inc. and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply