Gotham Asset Management LLC Decreases Stake in Analog Devices, Inc. (ADI)

Gotham Asset Management LLC reduced its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 98.2% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 8,435 shares of the semiconductor company’s stock after selling 456,817 shares during the quarter. Gotham Asset Management LLC’s holdings in Analog Devices were worth $656,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Lazard Asset Management LLC acquired a new stake in shares of Analog Devices in the 1st quarter valued at approximately $100,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in Analog Devices by 51.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,406 shares of the semiconductor company’s stock valued at $109,000 after purchasing an additional 475 shares during the last quarter. Guardian Life Insurance Co. of America lifted its holdings in Analog Devices by 18.9% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,403 shares of the semiconductor company’s stock valued at $115,000 after purchasing an additional 223 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. acquired a new stake in Analog Devices during the 2nd quarter valued at $119,000. Finally, Rockefeller Financial Services Inc. lifted its holdings in Analog Devices by 7,478.3% during the 2nd quarter. Rockefeller Financial Services Inc. now owns 1,743 shares of the semiconductor company’s stock valued at $136,000 after purchasing an additional 1,720 shares during the last quarter. 86.59% of the stock is owned by institutional investors.

Shares of Analog Devices, Inc. (ADI) opened at 89.00 on Thursday. Analog Devices, Inc. has a 52 week low of $61.67 and a 52 week high of $90.49. The stock’s 50 day moving average price is $85.22 and its 200-day moving average price is $80.80. The firm has a market capitalization of $32.72 billion, a price-to-earnings ratio of 44.30 and a beta of 1.30.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.11. Analog Devices had a return on equity of 19.06% and a net margin of 14.77%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period last year, the company earned $0.82 EPS. Analog Devices’s revenue for the quarter was up 64.9% compared to the same quarter last year. Equities analysts predict that Analog Devices, Inc. will post $4.62 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 19th. Investors of record on Friday, September 8th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, September 7th. This represents a $1.80 annualized dividend and a yield of 2.02%. Analog Devices’s payout ratio is 86.12%.

In related news, Director Kenton J. Sicchitano sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $88.15, for a total transaction of $1,322,250.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Peter Real sold 4,505 shares of the firm’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 value of $360,715.35. Following the transaction, the senior vice president now owns 13,531 shares in the company, valued at $1,083,427.17. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 123,494 shares of company stock worth $10,436,881. 1.10% of the stock is owned by corporate insiders.

Several brokerages have issued reports on ADI. Jefferies Group LLC reaffirmed a “buy” rating and set a $100.00 price target on shares of Analog Devices in a report on Thursday. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $106.00 price target on shares of Analog Devices in a report on Thursday, October 12th. BidaskClub raised Analog Devices from a “hold” rating to a “buy” rating in a report on Saturday, October 7th. Zacks Investment Research upgraded Analog Devices from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a research report on Tuesday, October 10th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $98.00 price objective on shares of Analog Devices in a research report on Wednesday, September 20th. Eleven equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. Analog Devices currently has an average rating of “Buy” and an average price target of $92.85.

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Other institutional investors and hedge funds have also modified their holdings of the company. Lazard Asset Management LLC acquired a new stake in shares of Analog Devices in the 1st quarter valued at approximately $100,000. Whittier Trust Co. of Nevada Inc. lifted its holdings in Analog Devices by 51.0% during the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,406 shares of the semiconductor company’s stock valued at $109,000 after purchasing an additional 475 shares during the last quarter. Guardian Life Insurance Co. of America lifted its holdings in Analog Devices by 18.9% during the 1st quarter. Guardian Life Insurance Co. of America now owns 1,403 shares of the semiconductor company’s stock valued at $115,000 after purchasing an additional 223 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. acquired a new stake in Analog Devices during the 2nd quarter valued at $119,000. Finally, Rockefeller Financial Services Inc. lifted its holdings in Analog Devices by 7,478.3% during the 2nd quarter. Rockefeller Financial Services Inc. now owns 1,743 shares of the semiconductor company’s stock valued at $136,000 after purchasing an additional 1,720 shares during the last quarter. 86.59% of the stock is owned by institutional investors.

Shares of Analog Devices, Inc. (ADI) opened at 89.00 on Thursday. Analog Devices, Inc. has a 52 week low of $61.67 and a 52 week high of $90.49. The stock’s 50 day moving average price is $85.22 and its 200-day moving average price is $80.80. The firm has a market capitalization of $32.72 billion, a price-to-earnings ratio of 44.30 and a beta of 1.30.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.11. Analog Devices had a return on equity of 19.06% and a net margin of 14.77%. The business had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. During the same period last year, the company earned $0.82 EPS. Analog Devices’s revenue for the quarter was up 64.9% compared to the same quarter last year. Equities analysts predict that Analog Devices, Inc. will post $4.62 earnings per share for the current year.

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 19th. Investors of record on Friday, September 8th were given a dividend of $0.45 per share. The ex-dividend date was Thursday, September 7th. This represents a $1.80 annualized dividend and a yield of 2.02%. Analog Devices’s payout ratio is 86.12%.

In related news, Director Kenton J. Sicchitano sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, October 5th. The stock was sold at an average price of $88.15, for a total transaction of $1,322,250.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Peter Real sold 4,505 shares of the firm’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 value of $360,715.35. Following the transaction, the senior vice president now owns 13,531 shares in the company, valued at $1,083,427.17. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 123,494 shares of company stock worth $10,436,881. 1.10% of the stock is owned by corporate insiders.

Several brokerages have issued reports on ADI. Jefferies Group LLC reaffirmed a “buy” rating and set a $100.00 price target on shares of Analog Devices in a report on Thursday. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $106.00 price target on shares of Analog Devices in a report on Thursday, October 12th. BidaskClub raised Analog Devices from a “hold” rating to a “buy” rating in a report on Saturday, October 7th. Zacks Investment Research upgraded Analog Devices from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a research report on Tuesday, October 10th. Finally, Morgan Stanley reiterated an “overweight” rating and set a $98.00 price objective on shares of Analog Devices in a research report on Wednesday, September 20th. Eleven equities research analysts have rated the stock with a hold rating, twenty have issued a buy rating and one has given a strong buy rating to the stock. Analog Devices currently has an average rating of “Buy” and an average price target of $92.85.

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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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