Captrust Financial Advisors Acquires Shares of 14,522 Analog Devices, Inc. (ADI)

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%.

TRADEMARK VIOLATION WARNING: This news story was published by Markets Daily and is owned by of Markets Daily. If you are viewing this news story on another website, it was illegally stolen and republished in violation of US & international copyright laws. The legal version of this news story can be accessed at https://www.themarketsdaily.com/2017/09/13/captrust-financial-advisors-acquires-shares-of-14522-analog-devices-inc-adi.html.

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.

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.

Latest News

Leave a Reply