Captrust Financial Advisors acquired a new position in Analog Devices, Inc. (NASDAQ:ADI) during the second quarter, according to its most recent filing with the SEC. The firm acquired 14,522 shares of the semiconductor company’s stock, valued at approximately $1,130,000.
Other hedge funds have also modified their holdings of the company. Lazard Asset Management LLC bought a new stake in shares of Analog Devices in the 1st quarter worth approximately $100,000. Jacobus Wealth Management Inc. bought a new stake in shares of Analog Devices in the 1st quarter worth approximately $113,000. Heritage Trust Co bought a new stake in shares of Analog Devices in the 1st quarter worth approximately $114,000. Guardian Life Insurance Co. of America grew its position in shares of Analog Devices by 18.9% in the 1st quarter. Guardian Life Insurance Co. of America now owns 1,403 shares of the semiconductor company’s stock worth $115,000 after buying an additional 223 shares during the last quarter. Finally, Whittier Trust Co. of Nevada Inc. grew its position in shares of Analog Devices by 51.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,406 shares of the semiconductor company’s stock worth $109,000 after buying an additional 475 shares during the last quarter. Hedge funds and other institutional investors own 86.72% of the company’s stock.
Analog Devices, Inc. (NASDAQ:ADI) remained flat at $82.15 on Wednesday. The company’s stock had a trading volume of 546,523 shares. The stock has a market capitalization of $30.20 billion, a price-to-earnings ratio of 40.89 and a beta of 1.29. Analog Devices, Inc. has a 12-month low of $59.54 and a 12-month high of $90.49. The stock has a 50-day moving average of $79.73 and a 200-day moving average of $80.12.
Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 EPS for the quarter, topping the Zacks’ 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 company had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the previous year, the firm posted $0.82 EPS. The firm’s revenue was up 64.9% compared to the same quarter last year. Equities research analysts anticipate that Analog Devices, Inc. will post $4.62 earnings per share for the current year.
The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Friday, September 8th will be paid a dividend of $0.45 per share. The ex-dividend date is Thursday, September 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.19%. Analog Devices’s payout ratio is currently 86.12%.
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A number of equities research analysts have recently weighed in on the company. Argus lifted their price objective on Analog Devices from $86.00 to $92.00 and gave the stock an “outperform” rating in a research report on Thursday, June 1st. Royal Bank Of Canada lifted their price objective on Analog Devices from $90.00 to $92.00 and gave the stock an “outperform” rating in a research report on Thursday, June 1st. Drexel Hamilton restated a “buy” rating and set a $105.00 price target (up from $93.00) on shares of Analog Devices in a research report on Wednesday, May 31st. BidaskClub upgraded Analog Devices from a “hold” rating to a “buy” rating in a research report on Saturday, September 2nd. Finally, B. Riley restated a “buy” rating and set a $110.00 price target on shares of Analog Devices in a research report on Saturday, September 2nd. Twelve equities research analysts have rated the stock with a hold rating, seventeen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $91.85.
In other Analog Devices news, SVP Margaret K. Seif sold 3,000 shares of Analog Devices stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $80.28, for a total transaction of $240,840.00. Following the completion of the transaction, the senior vice president now owns 20,404 shares in the company, valued at approximately $1,638,033.12. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Bruce R. Evans acquired 14,000 shares of Analog Devices stock in a transaction on Friday, July 7th. The shares were bought at an average price of $78.28 per share, with a total value of $1,095,920.00. Following the purchase, the director now directly owns 67,540 shares in the company, valued at approximately $5,287,031.20. The disclosure for this purchase can be found here. Insiders have sold a total of 45,686 shares of company stock valued at $3,780,282 in the last quarter. Company insiders own 1.10% of the company’s stock.
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.
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