Advisor Group Inc. Has $1.41 Million Position in Analog Devices, Inc. (ADI)

Advisor Group Inc. increased its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 85.6% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 16,380 shares of the semiconductor company’s stock after buying an additional 7,555 shares during the period. Advisor Group Inc.’s holdings in Analog Devices were worth $1,413,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Pathstone Family Office LLC boosted its holdings in Analog Devices by 75.0% in the 2nd quarter. Pathstone Family Office LLC now owns 35 shares of the semiconductor company’s stock worth $1,557,000 after buying an additional 15 shares during the period. Whittier Trust Co. of Nevada Inc. boosted its holdings in 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 period. Sumitomo Mitsui Financial Group Inc. bought a new position in Analog Devices in the 2nd quarter worth approximately $119,000. WFG Advisors LP boosted its holdings in Analog Devices by 26.4% in the 2nd quarter. WFG Advisors LP now owns 1,579 shares of the semiconductor company’s stock worth $123,000 after buying an additional 330 shares during the period. Finally, Crow Point Partners LLC bought a new position in Analog Devices in the 3rd quarter worth approximately $140,000. 86.42% of the stock is owned by institutional investors.

Analog Devices, Inc. (NASDAQ ADI) opened at $90.42 on Friday. Analog Devices, Inc. has a 52-week low of $67.62 and a 52-week high of $92.96. The stock has a market cap of $33,244.54, a PE ratio of 21.13, a price-to-earnings-growth ratio of 1.76 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 analysts’ consensus estimates of $1.15 by $0.11. Analog Devices had a net margin of 14.77% and a return on equity of 19.06%. The firm had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the previous year, the company earned $0.82 earnings per share. The company’s revenue for the quarter was up 64.9% compared to the same quarter last year. equities research analysts expect that Analog Devices, Inc. will post 4.62 EPS for the current fiscal year.

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In other news, Director Ray Stata sold 25,000 shares of Analog Devices stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $83.50, for a total transaction of $2,087,500.00. Following the sale, the director now owns 234,481 shares of the company’s stock, valued at approximately $19,579,163.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Peter Real sold 4,505 shares of Analog Devices stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $82.13, for a total transaction of $369,995.65. Following the sale, the senior vice president now directly owns 13,531 shares in the company, valued at approximately $1,111,301.03. The disclosure for this sale can be found here. Insiders sold 135,994 shares of company stock worth $11,604,048 in the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Several research analysts have commented on ADI shares. Royal Bank Of Canada raised their price target on shares of Analog Devices from $92.00 to $95.00 and gave the company an “outperform” rating in a report on Thursday, August 31st. Zacks Investment Research raised shares of Analog Devices from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a report on Tuesday, October 10th. BidaskClub raised shares of Analog Devices from a “hold” rating to a “buy” rating in a report on Saturday, September 2nd. Drexel Hamilton reissued a “buy” rating and issued a $105.00 price target on shares of Analog Devices in a report on Wednesday, August 30th. Finally, Morgan Stanley reissued an “overweight” rating and issued a $96.00 price target on shares of Analog Devices in a report on Thursday, August 31st. Twelve research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average price target of $93.69.

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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