Oxbow Advisors LLC Acquires 145 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Oxbow Advisors LLC increased its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 0.6% during the fourth quarter, HoldingsChannel.com reports. The fund owned 24,670 shares of the semiconductor company’s stock after buying an additional 145 shares during the quarter. Oxbow Advisors LLC’s holdings in Analog Devices were worth $2,932,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors have also modified their holdings of the company. Stratos Wealth Partners LTD. raised its stake in shares of Analog Devices by 1.8% in the fourth quarter. Stratos Wealth Partners LTD. now owns 5,413 shares of the semiconductor company’s stock valued at $643,000 after buying an additional 98 shares during the period. Alpha Cubed Investments LLC raised its stake in shares of Analog Devices by 2.3% in the third quarter. Alpha Cubed Investments LLC now owns 4,500 shares of the semiconductor company’s stock valued at $503,000 after buying an additional 100 shares during the period. Whittier Trust Co. of Nevada Inc. raised its stake in shares of Analog Devices by 6.5% in the third quarter. Whittier Trust Co. of Nevada Inc. now owns 1,647 shares of the semiconductor company’s stock valued at $184,000 after buying an additional 100 shares during the period. Delaney Dennis R raised its stake in shares of Analog Devices by 0.7% in the third quarter. Delaney Dennis R now owns 14,910 shares of the semiconductor company’s stock valued at $1,665,000 after buying an additional 100 shares during the period. Finally, Archford Capital Strategies LLC raised its stake in shares of Analog Devices by 4.7% in the third quarter. Archford Capital Strategies LLC now owns 2,319 shares of the semiconductor company’s stock valued at $259,000 after buying an additional 104 shares during the period. Institutional investors and hedge funds own 86.92% of the company’s stock.

In related news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction dated Monday, December 2nd. The stock was sold at an average price of $110.05, for a total transaction of $1,100,500.00. Following the completion of the transaction, the chief executive officer now directly owns 31,206 shares in the company, valued at $3,434,220.30. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Kenton J. Sicchitano sold 11,860 shares of the business’s stock in a transaction dated Thursday, January 9th. The stock was sold at an average price of $120.96, for a total value of $1,434,585.60. Following the transaction, the director now owns 34,255 shares of the company’s stock, valued at $4,143,484.80. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 94,320 shares of company stock valued at $11,186,087. 0.42% of the stock is owned by company insiders.

Shares of NASDAQ:ADI traded down $1.23 during midday trading on Friday, reaching $117.65. 1,869,000 shares of the company traded hands, compared to its average volume of 2,048,729. The company has a quick ratio of 0.91, a current ratio of 1.32 and a debt-to-equity ratio of 0.44. Analog Devices, Inc. has a 12 month low of $95.51 and a 12 month high of $124.79. The firm has a market capitalization of $41.65 billion, a price-to-earnings ratio of 32.32, a price-to-earnings-growth ratio of 1.91 and a beta of 1.42. The firm’s fifty day moving average price is $117.01 and its two-hundred day moving average price is $113.53.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Tuesday, November 26th. The semiconductor company reported $1.19 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.22 by ($0.03). Analog Devices had a return on equity of 16.39% and a net margin of 22.75%. The business had revenue of $1.44 billion for the quarter, compared to analysts’ expectations of $1.45 billion. During the same quarter in the previous year, the firm earned $1.55 earnings per share. Analog Devices’s quarterly revenue was down 6.1% compared to the same quarter last year. Analysts forecast that Analog Devices, Inc. will post 4.78 earnings per share for the current year.

Several analysts have issued reports on the company. Zacks Investment Research upgraded Analog Devices from a “strong sell” rating to a “hold” rating and set a $95.00 target price on the stock in a research note on Tuesday, January 28th. Deutsche Bank boosted their price objective on Analog Devices from $105.00 to $110.00 and gave the company a “hold” rating in a research note on Wednesday, November 27th. Piper Jaffray Companies reiterated a “buy” rating and set a $135.00 price objective on shares of Analog Devices in a research note on Wednesday, November 27th. Loop Capital boosted their price objective on Analog Devices from $125.00 to $130.00 and gave the company a “positive” rating in a research note on Friday, November 29th. They noted that the move was a valuation call. Finally, Bank of America boosted their price objective on Analog Devices from $130.00 to $140.00 and gave the company a “buy” rating in a research note on Thursday, December 19th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and thirteen have given a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus target price of $120.50.

About Analog Devices

Analog Devices, Inc engages in the design, development, manufacture, and marketing of integrated circuits (ICs). Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable consumer devices.

See Also: Roth IRA

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

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