DF Dent & Co. Inc. purchased a new stake in shares of Analog Devices, Inc. (NASDAQ:ADI) during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 7,786 shares of the semiconductor company’s stock, valued at approximately $693,000.
A number of other large investors have also bought and sold shares of ADI. Sit Investment Associates Inc. increased its holdings in shares of Analog Devices by 381.1% in the fourth quarter. Sit Investment Associates Inc. now owns 1,275 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 1,010 shares during the last quarter. Icon Wealth Partners LLC bought a new stake in shares of Analog Devices in the fourth quarter worth about $121,000. Cerebellum GP LLC bought a new stake in shares of Analog Devices in the fourth quarter worth about $130,000. Fieldpoint Private Securities LLC increased its holdings in shares of Analog Devices by 91.6% in the third quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock worth $127,000 after purchasing an additional 705 shares during the last quarter. Finally, Clear Perspective Advisors LLC increased its holdings in shares of Analog Devices by 3,884.2% in the third quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock worth $130,000 after purchasing an additional 1,476 shares during the last quarter. 88.52% of the stock is currently owned by institutional investors and hedge funds.
Analog Devices, Inc. (NASDAQ ADI) opened at $93.50 on Tuesday. Analog Devices, Inc. has a 12-month low of $74.65 and a 12-month high of $98.38. The stock has a market capitalization of $34,817.01, a P/E ratio of 18.25, a price-to-earnings-growth ratio of 1.41 and a beta of 1.25. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.31 and a current ratio of 1.76.
Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, February 28th. The semiconductor company reported $1.42 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.29 by $0.13. Analog Devices had a return on equity of 18.78% and a net margin of 13.80%. The business had revenue of $1.52 billion during the quarter, compared to analyst estimates of $1.49 billion. During the same quarter in the previous year, the business earned $0.94 earnings per share. The company’s revenue for the quarter was up 54.4% compared to the same quarter last year. equities research analysts forecast that Analog Devices, Inc. will post 5.57 EPS for the current fiscal year.
The firm also recently announced a quarterly dividend, which will be paid on Tuesday, March 20th. Shareholders of record on Friday, March 9th will be given a dividend of $0.48 per share. This represents a $1.92 annualized dividend and a dividend yield of 2.05%. The ex-dividend date of this dividend is Thursday, March 8th. This is a positive change from Analog Devices’s previous quarterly dividend of $0.45. Analog Devices’s payout ratio is 91.87%.
Several brokerages have recently issued reports on ADI. Morgan Stanley reaffirmed an “overweight” rating and issued a $103.00 target price (up from $98.00) on shares of Analog Devices in a report on Wednesday, November 22nd. Stifel Nicolaus reduced their target price on Analog Devices from $100.00 to $98.00 and set a “buy” rating on the stock in a report on Wednesday, November 22nd. Drexel Hamilton reaffirmed a “buy” rating and issued a $105.00 target price on shares of Analog Devices in a report on Tuesday, November 21st. B. Riley reaffirmed a “buy” rating and issued a $122.00 target price (up from $113.00) on shares of Analog Devices in a report on Wednesday, February 28th. Finally, KeyCorp reiterated a “buy” rating and issued a $107.00 price target on shares of Analog Devices in a research report on Friday, November 24th. Ten equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Analog Devices currently has an average rating of “Buy” and an average price target of $100.57.
In related news, CAO Eileen Wynne sold 5,209 shares of the business’s stock in a transaction that occurred on Friday, March 16th. The stock was sold at an average price of $94.86, for a total value of $494,125.74. Following the completion of the sale, the chief accounting officer now owns 3,895 shares in the company, valued at $369,479.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Margaret K. Seif sold 7,000 shares of the business’s stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $88.50, for a total value of $619,500.00. Following the completion of the sale, the senior vice president now owns 20,404 shares of the company’s stock, valued at approximately $1,805,754. The disclosure for this sale can be found here. Insiders have sold 71,427 shares of company stock valued at $6,483,250 in the last 90 days. Company insiders own 0.70% of the company’s stock.
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Analog Devices Company Profile
Analog Devices, Inc designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits (ICs), algorithms, software, and subsystems. It offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency ICs to support cellular infrastructure.
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