Analog Devices, Inc. (ADI) Position Lifted by Reynders McVeigh Capital Management LLC

Reynders McVeigh Capital Management LLC increased its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 6.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 227,372 shares of the semiconductor company’s stock after purchasing an additional 13,385 shares during the quarter. Analog Devices accounts for approximately 2.6% of Reynders McVeigh Capital Management LLC’s holdings, making the stock its 13th biggest position. Reynders McVeigh Capital Management LLC owned approximately 0.06% of Analog Devices worth $19,593,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the business. Sumitomo Mitsui Financial Group Inc. purchased a new position in shares of Analog Devices in the second quarter valued at $119,000. WFG Advisors LP increased its position in shares of Analog Devices by 26.4% in the second quarter. WFG Advisors LP now owns 1,579 shares of the semiconductor company’s stock valued at $123,000 after buying an additional 330 shares in the last quarter. NEXT Financial Group Inc increased its position in Analog Devices by 64.4% during the 3rd quarter. NEXT Financial Group Inc now owns 1,532 shares of the semiconductor company’s stock worth $136,000 after purchasing an additional 600 shares in the last quarter. Crow Point Partners LLC purchased a new stake in Analog Devices during the 3rd quarter worth about $140,000. Finally, Archford Capital Strategies LLC increased its position in Analog Devices by 3,590.9% during the 2nd quarter. Archford Capital Strategies LLC now owns 4,466 shares of the semiconductor company’s stock worth $158,000 after purchasing an additional 4,345 shares in the last quarter. Hedge funds and other institutional investors own 87.08% of the company’s stock.

In related news, CEO Vincent Roche sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $85.17, for a total transaction of $8,517,000.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director James Champy sold 5,000 shares of the business’s stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $87.00, for a total value of $435,000.00. The disclosure for this sale can be found here. Insiders sold a total of 212,256 shares of company stock valued at $18,204,884 over the last quarter. Company insiders own 1.10% of the company’s stock.

A number of analysts recently commented on ADI shares. BidaskClub upgraded Analog Devices from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. B. Riley reiterated a “buy” rating and set a $103.00 price objective on shares of Analog Devices in a research report on Thursday, August 17th. BMO Capital Markets reissued an “outperform” rating and issued a $100.00 price target (up from $96.00) on shares of Analog Devices in a research note on Tuesday, August 29th. Royal Bank Of Canada raised their price target on Analog Devices from $92.00 to $95.00 and gave the stock an “outperform” rating in a research note on Thursday, August 31st. Finally, Nomura raised Analog Devices from a “reduce” rating to a “neutral” rating and raised their price target for the stock from $72.50 to $80.00 in a research note on Thursday, August 31st. Eleven analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and an average target price of $96.04.

Shares of Analog Devices, Inc. (NASDAQ:ADI) opened at $84.83 on Wednesday. The company has a current ratio of 1.47, a quick ratio of 1.13 and a debt-to-equity ratio of 0.74. Analog Devices, Inc. has a twelve month low of $70.26 and a twelve month high of $93.99. The stock has a market capitalization of $31,256.63, a P/E ratio of 18.12, a price-to-earnings-growth ratio of 1.57 and a beta of 1.29.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share for the quarter, beating the Zacks’ consensus estimate of $1.36 by $0.09. Analog Devices had a return on equity of 18.78% and a net margin of 14.22%. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the business earned $1.05 EPS. The business’s quarterly revenue was up 53.4% on a year-over-year basis. equities analysts anticipate that Analog Devices, Inc. will post 5.2 earnings per share for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Stockholders of record on Friday, December 1st will be issued a $0.45 dividend. The ex-dividend date is Thursday, November 30th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.12%. Analog Devices’s dividend payout ratio (DPR) is 86.96%.

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Analog Devices Company 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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