Raymond James Financial Services Advisors Inc. Boosts Stake in Analog Devices, Inc. (ADI)

Raymond James Financial Services Advisors Inc. lifted its stake in Analog Devices, Inc. (NASDAQ:ADI) by 7.1% during the fourth quarter, Holdings Channel reports. The fund owned 199,306 shares of the semiconductor company’s stock after purchasing an additional 13,165 shares during the quarter. Raymond James Financial Services Advisors Inc.’s holdings in Analog Devices were worth $17,745,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Sit Investment Associates Inc. increased its stake in shares of Analog Devices by 381.1% in the fourth quarter. Sit Investment Associates Inc. now owns 1,275 shares of the semiconductor company’s stock worth $114,000 after acquiring an additional 1,010 shares during the last quarter. Cerebellum GP LLC acquired a new position in shares of Analog Devices in the fourth quarter worth $130,000. Fieldpoint Private Securities LLC increased its stake in shares of Analog Devices by 91.6% in the third quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock worth $127,000 after acquiring an additional 705 shares during the last quarter. Clear Perspective Advisors LLC increased its stake in shares of Analog Devices by 3,884.2% in the third quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock worth $130,000 after acquiring an additional 1,476 shares during the last quarter. Finally, NEXT Financial Group Inc increased its stake in shares of Analog Devices by 64.4% in the third 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. 85.82% of the stock is currently owned by institutional investors and hedge funds.

Shares of Analog Devices, Inc. (NASDAQ ADI) opened at $86.09 on Monday. The stock has a market capitalization of $32,083.50, a PE ratio of 41.59, a PEG ratio of 1.59 and a beta of 1.28. Analog Devices, Inc. has a 1 year low of $74.65 and a 1 year high of $98.38. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 1.13.

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

In related news, SVP Jean Philibert sold 5,098 shares of the stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $90.24, for a total value of $460,043.52. Following the completion of the sale, the senior vice president now owns 5,098 shares in the company, valued at $460,043.52. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Gregory N. Henderson sold 4,000 shares of the stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $91.52, for a total transaction of $366,080.00. Following the completion of the sale, the senior vice president now owns 1,163 shares of the company’s stock, valued at approximately $106,437.76. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 186,061 shares of company stock worth $16,163,741. 0.70% of the stock is currently owned by company insiders.

ADI has been the topic of a number of research reports. KeyCorp reaffirmed a “buy” rating and issued a $107.00 price target on shares of Analog Devices in a research note on Friday, November 24th. Stifel Nicolaus lowered their target price on shares of Analog Devices from $100.00 to $98.00 and set a “buy” rating on the stock in a research report on Wednesday, November 22nd. Jefferies Group increased their target price on shares of Analog Devices to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, November 22nd. B. Riley increased their target price on shares of Analog Devices from $110.00 to $113.00 and gave the stock a “buy” rating in a research report on Wednesday, November 22nd. Finally, Drexel Hamilton reissued a “buy” rating and set a $105.00 target price on shares of Analog Devices in a research report on Tuesday, November 21st. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $97.21.

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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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