Brown Advisory Inc. Increases Position in Analog Devices, Inc. (ADI)

Brown Advisory Inc. lifted its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 7.6% during the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 17,396 shares of the semiconductor company’s stock after buying an additional 1,226 shares during the period. Brown Advisory Inc.’s holdings in Analog Devices were worth $1,499,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently made changes to their positions in the stock. Sumitomo Mitsui Financial Group Inc. bought a new position in Analog Devices during the 2nd quarter worth approximately $119,000. WFG Advisors LP grew its position in Analog Devices by 26.4% during the 2nd quarter. WFG Advisors LP now owns 1,579 shares of the semiconductor company’s stock worth $123,000 after acquiring an additional 330 shares during the last quarter. NEXT Financial Group Inc grew its position in Analog Devices by 64.4% during the 3rd quarter. NEXT Financial Group Inc now owns 1,532 shares of the semiconductor company’s stock worth $136,000 after acquiring an additional 600 shares during the last quarter. Crow Point Partners LLC bought a new position in Analog Devices during the 3rd quarter worth approximately $140,000. Finally, Archford Capital Strategies LLC grew its position in Analog Devices by 3,590.9% during the 2nd quarter. Archford Capital Strategies LLC now owns 4,466 shares of the semiconductor company’s stock worth $158,000 after acquiring an additional 4,345 shares during the last quarter. 87.08% of the stock is currently owned by institutional investors.

ADI has been the topic of several recent research reports. Royal Bank Of Canada raised their price target on Analog Devices from $92.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, August 31st. Zacks Investment Research upgraded Analog Devices from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research report on Tuesday, October 10th. BidaskClub upgraded Analog Devices from a “hold” rating to a “buy” rating in a research report on Saturday, September 2nd. Drexel Hamilton restated a “buy” rating and set a $105.00 price target on shares of Analog Devices in a research report on Wednesday, August 30th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $96.00 price objective on shares of Analog Devices in a research report on Thursday, August 31st. Eleven research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The stock has a consensus rating of “Buy” and an average target price of $96.04.

In other Analog Devices news, CEO Vincent Roche sold 100,000 shares of Analog Devices stock in a transaction on Monday, December 4th. The stock was sold at an average price of $85.17, for a total transaction of $8,517,000.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Peter Real sold 4,505 shares of Analog Devices stock in a transaction on Thursday, September 21st. The shares were sold at an average price of $83.52, for a total value of $376,257.60. Following the transaction, the senior vice president now owns 13,531 shares of the company’s stock, valued at approximately $1,130,109.12. The disclosure for this sale can be found here. Insiders have sold 219,256 shares of company stock worth $18,796,594 over the last 90 days. 1.10% of the stock is currently owned by corporate insiders.

Shares of Analog Devices, Inc. (ADI) opened at $86.11 on Friday. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.13 and a current ratio of 1.47. Analog Devices, Inc. has a 1 year low of $71.00 and a 1 year high of $93.99. The firm has a market capitalization of $31,740.00, a P/E ratio of 18.13, a P/E/G ratio of 1.57 and a beta of 1.29.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.09. Analog Devices had a return on equity of 18.78% and a net margin of 14.22%. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period in the previous year, the company posted $1.05 earnings per share. The firm’s revenue was up 53.4% on a year-over-year basis. research analysts predict that Analog Devices, Inc. will post 5.2 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Tuesday, December 12th. Investors of record on Friday, December 1st will be given a dividend of $0.45 per share. The ex-dividend date is Thursday, November 30th. This represents a $1.80 annualized dividend and a dividend yield of 2.09%. Analog Devices’s dividend payout ratio is presently 90.91%.

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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.

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

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