Cantillon Capital Management LLC lessened its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 2.7% in the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 5,535,062 shares of the semiconductor company’s stock after selling 155,198 shares during the period. Analog Devices comprises about 5.7% of Cantillon Capital Management LLC’s holdings, making the stock its 2nd biggest position. Cantillon Capital Management LLC owned about 1.49% of Analog Devices worth $530,923,000 as of its most recent filing with the SEC.
A number of other hedge funds and other institutional investors also recently bought and sold shares of ADI. Millennium Management LLC purchased a new stake in Analog Devices during the fourth quarter worth about $3,908,000. Global X Management Co. LLC increased its holdings in Analog Devices by 16.6% during the first quarter. Global X Management Co. LLC now owns 33,478 shares of the semiconductor company’s stock worth $3,051,000 after buying an additional 4,755 shares during the last quarter. Wells Fargo & Company MN increased its holdings in Analog Devices by 6.6% during the first quarter. Wells Fargo & Company MN now owns 8,608,728 shares of the semiconductor company’s stock worth $784,513,000 after buying an additional 532,620 shares during the last quarter. FTB Advisors Inc. increased its holdings in Analog Devices by 9.9% during the first quarter. FTB Advisors Inc. now owns 34,927 shares of the semiconductor company’s stock worth $3,215,000 after buying an additional 3,140 shares during the last quarter. Finally, Dynamic Advisor Solutions LLC purchased a new stake in Analog Devices during the first quarter worth about $301,000. Institutional investors and hedge funds own 88.03% of the company’s stock.
A number of analysts recently issued reports on the stock. Deutsche Bank raised their price objective on shares of Analog Devices from $87.00 to $93.00 and gave the stock a “hold” rating in a report on Thursday, May 31st. Stifel Nicolaus raised their price objective on shares of Analog Devices from $105.00 to $108.00 and gave the stock a “buy” rating in a report on Thursday, May 31st. Zacks Investment Research downgraded shares of Analog Devices from a “buy” rating to a “hold” rating in a report on Monday, May 21st. BidaskClub downgraded shares of Analog Devices from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 30th. Finally, Nomura assumed coverage on shares of Analog Devices in a report on Wednesday, July 18th. They set a “neutral” rating and a $100.00 price objective for the company. Nine research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $104.63.
Analog Devices opened at $94.94 on Monday, according to Marketbeat Ratings. The stock has a market capitalization of $35.21 billion, a PE ratio of 20.11, a price-to-earnings-growth ratio of 1.32 and a beta of 1.21. The company has a debt-to-equity ratio of 0.65, a current ratio of 1.53 and a quick ratio of 1.14. Analog Devices, Inc. has a twelve month low of $76.41 and a twelve month high of $103.59.
Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, May 30th. The semiconductor company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.08. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.47 billion. Analog Devices had a net margin of 17.72% and a return on equity of 20.34%. The company’s revenue was up 31.8% on a year-over-year basis. During the same quarter last year, the company earned $1.03 earnings per share. equities research analysts anticipate that Analog Devices, Inc. will post 5.8 EPS for the current fiscal year.
Analog Devices Profile
Analog Devices, Inc designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits (ICs), algorithms, software, and subsystems. It offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency ICs to support cellular infrastructure.
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