Swiss National Bank grew its stake in Analog Devices, Inc. (NASDAQ:ADI) by 1.8% in the 3rd quarter, according to its most recent filing with the SEC. The firm owned 1,352,948 shares of the semiconductor company’s stock after buying an additional 23,900 shares during the quarter. Swiss National Bank owned 367,978.89% of Analog Devices worth $116,584,000 as of its most recent filing with the SEC.
Several other institutional investors and hedge funds also recently made changes to their positions in ADI. Tudor Investment Corp ET AL purchased a new position in shares of Analog Devices in the 1st quarter valued at about $391,000. Park National Corp OH lifted its stake in Analog Devices by 3.7% during the second quarter. Park National Corp OH now owns 4,202 shares of the semiconductor company’s stock worth $327,000 after purchasing an additional 150 shares during the last quarter. McQueen Ball & Associates Inc. lifted its stake in Analog Devices by 8.0% during the second quarter. McQueen Ball & Associates Inc. now owns 8,666 shares of the semiconductor company’s stock worth $674,000 after purchasing an additional 645 shares during the last quarter. Copper Rock Capital Partners LLC lifted its stake in Analog Devices by 96.4% during the second quarter. Copper Rock Capital Partners LLC now owns 7,315 shares of the semiconductor company’s stock worth $531,000 after purchasing an additional 3,590 shares during the last quarter. Finally, SPF Beheer BV lifted its stake in Analog Devices by 2.0% during the second quarter. SPF Beheer BV now owns 857,972 shares of the semiconductor company’s stock worth $66,750,000 after purchasing an additional 16,739 shares during the last quarter. Institutional investors and hedge funds own 86.65% of the company’s stock.
Analog Devices, Inc. (NASDAQ:ADI) traded down $0.40 during trading on Friday, hitting $89.30. The company had a trading volume of 146,880 shares, compared to its average volume of 2,928,963. The company has a debt-to-equity ratio of 0.83, a quick ratio of 1.52 and a current ratio of 1.99. Analog Devices, Inc. has a 12-month low of $64.11 and a 12-month high of $92.96. The stock has a market capitalization of $33,825.43, a P/E ratio of 21.50, a PEG ratio of 1.79 and a beta of 1.32.
Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share 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 firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. During the same period in the previous year, the business earned $0.82 earnings per share. The company’s revenue for the quarter was up 64.9% compared to the same quarter last year. research analysts expect that Analog Devices, Inc. will post 4.6 EPS for the current fiscal year.
In other Analog Devices news, Director Kenton J. Sicchitano sold 15,000 shares of the business’s stock in a transaction on Thursday, October 5th. The stock was sold at an average price of $88.15, for a total transaction of $1,322,250.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Ray Stata sold 25,000 shares of the business’s stock in a transaction 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 sale, the director now owns 234,481 shares in the company, valued at $19,579,163.50. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 135,994 shares of company stock worth $11,604,048. Company insiders own 1.10% of the company’s stock.
Several equities research analysts recently weighed in on ADI shares. Royal Bank Of Canada restated a “buy” rating and set a $92.00 target price on shares of Analog Devices in a research note on Friday, August 4th. BidaskClub cut Analog Devices from a “hold” rating to a “sell” rating in a research note on Saturday, August 5th. B. Riley restated a “buy” rating and set a $103.00 target price on shares of Analog Devices in a research note on Thursday, August 17th. BMO Capital Markets restated an “outperform” rating and set a $100.00 target price (up previously from $96.00) on shares of Analog Devices in a research note on Tuesday, August 29th. Finally, Nomura upgraded Analog Devices from a “reduce” rating to a “neutral” rating and boosted their target price for the stock from $72.50 to $80.00 in a research note on Thursday, August 31st. Twelve analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company. Analog Devices has a consensus rating of “Buy” and a consensus price target of $93.65.
About Analog Devices
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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