15,450 Shares in Analog Devices, Inc. (ADI) Acquired by James Investment Research Inc.
James Investment Research Inc. purchased a new position in Analog Devices, Inc. (NASDAQ:ADI) during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 15,450 shares of the semiconductor company’s stock, valued at approximately $1,202,000.
Other institutional investors have also recently made changes to their positions in the company. British Columbia Investment Management Corp boosted its position in shares of Analog Devices by 34.2% in the first quarter. British Columbia Investment Management Corp now owns 208,526 shares of the semiconductor company’s stock valued at $17,089,000 after buying an additional 53,139 shares during the period. MARSHALL WACE ASIA Ltd purchased a new stake in Analog Devices during the first quarter valued at about $63,309,000. Summit Securities Group LLC purchased a new stake in Analog Devices during the first quarter valued at about $1,572,000. Norinchukin Bank The raised its stake in Analog Devices by 26.5% in the first quarter. Norinchukin Bank The now owns 23,650 shares of the semiconductor company’s stock valued at $1,938,000 after buying an additional 4,956 shares in the last quarter. Finally, Swiss National Bank raised its stake in Analog Devices by 51.3% in the first quarter. Swiss National Bank now owns 1,291,248 shares of the semiconductor company’s stock valued at $105,818,000 after buying an additional 437,580 shares in the last quarter. Institutional investors own 87.61% of the company’s stock.
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Analog Devices, Inc. (ADI) traded down 0.08% during mid-day trading on Tuesday, reaching $78.95. The company’s stock had a trading volume of 1,727,957 shares. The firm has a 50-day moving average of $79.63 and a 200-day moving average of $79.47. Analog Devices, Inc. has a 52 week low of $59.01 and a 52 week high of $90.49. The stock has a market capitalization of $28.98 billion, a price-to-earnings ratio of 30.02 and a beta of 1.30.
Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, May 31st. The semiconductor company reported $1.03 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.18. The firm had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. Analog Devices had a net margin of 20.88% and a return on equity of 19.39%. The business’s quarterly revenue was up 41.2% on a year-over-year basis. During the same period in the prior year, the business posted $0.64 earnings per share. On average, equities research analysts expect that Analog Devices, Inc. will post $4.37 earnings per share for the current year.
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A number of equities research analysts have issued reports on the stock. Royal Bank Of Canada increased their price objective on shares of Analog Devices from $90.00 to $92.00 and gave the company an “outperform” rating in a report on Thursday, June 1st. Argus raised their price target on Analog Devices from $86.00 to $92.00 and gave the stock an “outperform” rating in a research report on Thursday, June 1st. Drexel Hamilton restated a “buy” rating and issued a $105.00 price target (up from $93.00) on shares of Analog Devices in a research report on Wednesday, May 31st. B. Riley reiterated a “buy” rating and set a $103.00 target price on shares of Analog Devices in a research report on Tuesday, May 30th. Finally, Credit Suisse Group restated a “buy” rating and set a $100.00 price target on shares of Analog Devices in a research note on Friday, May 26th. Two analysts have rated the stock with a sell rating, nine have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $89.92.
In other Analog Devices news, SVP Peter Real sold 4,505 shares of the firm’s stock in a transaction dated Friday, July 21st. The shares were sold at an average price of $80.07, for a total transaction of $360,715.35. Following the completion of the transaction, the senior vice president now owns 13,531 shares in the company, valued at $1,083,427.17. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Vincent Roche sold 47,500 shares of the firm’s stock in a transaction dated Wednesday, May 31st. The stock was sold at an average price of $86.50, for a total transaction of $4,108,750.00. Following the transaction, the chief executive officer now owns 61,484 shares of the company’s stock, valued at approximately $5,318,366. The disclosure for this sale can be found here. Insiders have sold 61,086 shares of company stock valued at $5,202,514 over the last 90 days. Corporate insiders own 1.10% of the company’s stock.
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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