Analog Devices, Inc. (ADI) Holdings Raised by Daiwa Securities Group Inc.

Daiwa Securities Group Inc. grew its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 9.8% in the 3rd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 13,991 shares of the semiconductor company’s stock after acquiring an additional 1,248 shares during the quarter. Daiwa Securities Group Inc.’s holdings in Analog Devices were worth $1,206,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Alecta Pensionsforsakring Omsesidigt increased its holdings in shares of Analog Devices by 55.6% in the third quarter. Alecta Pensionsforsakring Omsesidigt now owns 1,119,510 shares of the semiconductor company’s stock worth $96,468,000 after acquiring an additional 400,000 shares in the last quarter. Trillium Asset Management LLC increased its holdings in shares of Analog Devices by 4.2% in the third quarter. Trillium Asset Management LLC now owns 184,622 shares of the semiconductor company’s stock worth $15,909,000 after acquiring an additional 7,482 shares in the last quarter. Cape Cod Five Cents Savings Bank increased its holdings in shares of Analog Devices by 23.9% in the third quarter. Cape Cod Five Cents Savings Bank now owns 24,693 shares of the semiconductor company’s stock worth $2,127,000 after acquiring an additional 4,766 shares in the last quarter. Blue Granite Capital LLC increased its holdings in shares of Analog Devices by 104.5% in the third quarter. Blue Granite Capital LLC now owns 20,350 shares of the semiconductor company’s stock worth $1,753,000 after acquiring an additional 10,400 shares in the last quarter. Finally, Riverbridge Partners LLC increased its holdings in shares of Analog Devices by 8.7% in the third quarter. Riverbridge Partners LLC now owns 336,112 shares of the semiconductor company’s stock worth $28,963,000 after acquiring an additional 26,932 shares in the last quarter. Institutional investors own 86.65% of the company’s stock.

Several equities research analysts have issued reports on ADI shares. Royal Bank Of Canada restated a “buy” rating and issued a $92.00 price target on shares of Analog Devices in a report on Friday, August 4th. Drexel Hamilton restated a “buy” rating and issued a $105.00 price target on shares of Analog Devices in a report on Wednesday, August 30th. B. Riley restated a “buy” rating and issued a $110.00 price target on shares of Analog Devices in a report on Sunday, August 27th. BidaskClub raised Analog Devices from a “hold” rating to a “buy” rating in a research report on Saturday, September 2nd. Finally, Stifel Nicolaus reaffirmed a “buy” rating and set a $97.00 price objective on shares of Analog Devices in a research report on Monday, September 25th. Twelve investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Analog Devices currently has an average rating of “Buy” and a consensus target price of $93.65.

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Shares of Analog Devices, Inc. (ADI) opened at $89.59 on Friday. Analog Devices, Inc. has a 52-week low of $64.11 and a 52-week high of $92.96. The stock has a market capitalization of $32,939.38, a P/E ratio of 20.93, a PEG ratio of 1.74 and a beta of 1.32. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.99 and a quick ratio of 1.52.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, beating 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 period last year, the firm posted $0.82 earnings per share. The business’s revenue was up 64.9% on a year-over-year basis. sell-side analysts anticipate that Analog Devices, Inc. will post 4.6 EPS for the current year.

In other news, Director Ray Stata sold 25,000 shares of the firm’s stock in a transaction that occurred on Friday, September 15th. The stock was sold at an average price of $83.50, for a total value of $2,087,500.00. Following the completion of the sale, the director now directly owns 234,481 shares of the company’s stock, valued at $19,579,163.50. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Peter Real sold 4,505 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The shares were sold at an average price of $82.13, for a total value of $369,995.65. Following the completion of the sale, the senior vice president now directly owns 13,531 shares of the company’s stock, valued at $1,111,301.03. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 135,994 shares of company stock valued at $11,604,048. Insiders own 1.10% of the company’s stock.

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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