Analog Devices, Inc. (ADI) Position Lifted by Guggenheim Capital LLC

Guggenheim Capital LLC increased its stake in Analog Devices, Inc. (NASDAQ:ADI) by 7.4% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 1,044,988 shares of the semiconductor company’s stock after purchasing an additional 71,809 shares during the period. Guggenheim Capital LLC’s holdings in Analog Devices were worth $93,036,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors also recently modified their holdings of ADI. BlackRock Inc. grew its position in Analog Devices by 1.0% in the fourth quarter. BlackRock Inc. now owns 23,933,612 shares of the semiconductor company’s stock valued at $2,130,809,000 after acquiring an additional 244,533 shares during the last quarter. JPMorgan Chase & Co. grew its position in Analog Devices by 1.3% in the third quarter. JPMorgan Chase & Co. now owns 16,692,851 shares of the semiconductor company’s stock valued at $1,429,574,000 after acquiring an additional 213,714 shares during the last quarter. Wells Fargo & Company MN grew its position in Analog Devices by 0.3% in the third quarter. Wells Fargo & Company MN now owns 8,742,697 shares of the semiconductor company’s stock valued at $753,358,000 after acquiring an additional 25,092 shares during the last quarter. Neuberger Berman Group LLC grew its position in Analog Devices by 97.4% in the third quarter. Neuberger Berman Group LLC now owns 4,303,569 shares of the semiconductor company’s stock valued at $370,839,000 after acquiring an additional 2,123,268 shares during the last quarter. Finally, Geode Capital Management LLC grew its position in Analog Devices by 2.9% in the fourth quarter. Geode Capital Management LLC now owns 3,988,453 shares of the semiconductor company’s stock valued at $354,369,000 after acquiring an additional 111,215 shares during the last quarter. Institutional investors own 86.90% of the company’s stock.

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Shares of Analog Devices, Inc. (ADI) opened at $94.73 on Friday. Analog Devices, Inc. has a 12 month low of $74.65 and a 12 month high of $98.38. The company has a market capitalization of $34,288.19, a PE ratio of 45.33, a PEG ratio of 1.40 and a beta of 1.25. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.31 and a current ratio of 1.76.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, February 28th. The semiconductor company reported $1.42 EPS for the quarter, topping the Zacks’ consensus estimate of $1.29 by $0.13. The company had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.49 billion. Analog Devices had a return on equity of 18.78% and a net margin of 13.80%. The firm’s quarterly revenue was up 54.4% on a year-over-year basis. During the same period in the previous year, the firm earned $0.94 earnings per share. sell-side analysts anticipate that Analog Devices, Inc. will post 5.53 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 20th. Investors of record on Friday, March 9th will be paid a $0.48 dividend. This is a positive change from Analog Devices’s previous quarterly dividend of $0.45. This represents a $1.92 dividend on an annualized basis and a dividend yield of 2.03%. The ex-dividend date is Thursday, March 8th. Analog Devices’s payout ratio is currently 91.87%.

ADI has been the topic of a number of recent analyst reports. BidaskClub cut Analog Devices from a “hold” rating to a “sell” rating in a research report on Saturday, February 17th. Zacks Investment Research cut Analog Devices from a “buy” rating to a “hold” rating in a research report on Tuesday. Oppenheimer reiterated a “buy” rating and issued a $100.00 target price on shares of Analog Devices in a research report on Friday, November 17th. Royal Bank of Canada reiterated a “buy” rating and issued a $100.00 target price on shares of Analog Devices in a research report on Thursday, January 4th. Finally, Stifel Nicolaus lifted their target price on Analog Devices from $97.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, November 16th. Eleven equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $100.13.

In related news, SVP Joseph Hassett sold 18,400 shares of Analog Devices stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $85.06, for a total value of $1,565,104.00. Following the transaction, the senior vice president now directly owns 30,139 shares of the company’s stock, valued at $2,563,623.34. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Margaret K. Seif sold 7,000 shares of Analog Devices stock in a transaction that occurred on Monday, March 5th. The stock was sold at an average price of $88.83, for a total value of $621,810.00. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 84,618 shares of company stock worth $7,554,228. 1.10% of the stock is owned by insiders.

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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.

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

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