Capital Planning Advisors LLC Buys 1,964 Shares of Analog Devices, Inc. (ADI)

Capital Planning Advisors LLC increased its stake in Analog Devices, Inc. (NASDAQ:ADI) by 6.9% in the fourth quarter, Holdings Channel reports. The fund owned 30,306 shares of the semiconductor company’s stock after purchasing an additional 1,964 shares during the period. Capital Planning Advisors LLC’s holdings in Analog Devices were worth $2,698,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ADI. Sit Investment Associates Inc. lifted its stake in shares of Analog Devices by 381.1% in the 4th quarter. Sit Investment Associates Inc. now owns 1,275 shares of the semiconductor company’s stock valued at $114,000 after acquiring an additional 1,010 shares during the last quarter. WFG Advisors LP raised its position in Analog Devices by 26.4% during the 2nd quarter. WFG Advisors LP now owns 1,579 shares of the semiconductor company’s stock valued at $123,000 after purchasing an additional 330 shares during the last quarter. Fieldpoint Private Securities LLC raised its position in Analog Devices by 91.6% during the 3rd quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock valued at $127,000 after purchasing an additional 705 shares during the last quarter. Clear Perspective Advisors LLC raised its position in Analog Devices by 3,884.2% during the 3rd quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock valued at $130,000 after purchasing an additional 1,476 shares during the last quarter. Finally, Cerebellum GP LLC bought a new position in Analog Devices during the 4th quarter valued at approximately $130,000. 85.80% of the stock is owned by institutional investors.

Analog Devices, Inc. (NASDAQ ADI) opened at $85.13 on Thursday. Analog Devices, Inc. has a twelve month low of $74.65 and a twelve month high of $98.38. The company has a current ratio of 1.47, a quick ratio of 1.13 and a debt-to-equity ratio of 0.74. The firm has a market capitalization of $31,431.32, a P/E ratio of 41.13, a price-to-earnings-growth ratio of 1.56 and a beta of 1.28.

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

A number of research firms have commented on ADI. Piper Jaffray Companies raised Analog Devices from a “neutral” rating to an “overweight” rating and set a $92.00 price target for the company in a research report on Tuesday. BidaskClub lowered Analog Devices from a “hold” rating to a “sell” rating in a research report on Thursday, December 14th. Royal Bank of Canada reaffirmed a “buy” rating and set a $100.00 price target on shares of Analog Devices in a research report on Thursday, January 4th. KeyCorp reaffirmed a “buy” rating and set a $107.00 price target on shares of Analog Devices in a research report on Friday, November 24th. Finally, B. Riley upped their price target on Analog Devices from $110.00 to $113.00 and gave the company a “buy” rating in a research report on Wednesday, November 22nd. Ten analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The stock has a consensus rating of “Buy” and a consensus price target of $97.21.

In related news, SVP Gregory N. Henderson sold 4,000 shares of the company’s stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $91.52, for a total value of $366,080.00. Following the sale, the senior vice president now owns 1,163 shares in the company, valued at approximately $106,437.76. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Yusuf Jamal sold 718 shares of the company’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $90.89, for a total value of $65,259.02. The disclosure for this sale can be found here. Insiders sold a total of 186,061 shares of company stock worth $16,163,741 in the last 90 days. 1.10% of the stock is currently owned by company insiders.

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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.

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Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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