Analog Devices, Inc. (ADI) Holdings Boosted by National Pension Service

National Pension Service grew its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 4.4% during the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 371,629 shares of the semiconductor company’s stock after buying an additional 15,770 shares during the period. National Pension Service owned approximately 0.10% of Analog Devices worth $33,086,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. Cookson Peirce & Co. Inc. boosted its holdings in Analog Devices by 0.4% during the second quarter. Cookson Peirce & Co. Inc. now owns 10,440 shares of the semiconductor company’s stock worth $812,000 after buying an additional 40 shares during the last quarter. Simmons Bank raised its position in shares of Analog Devices by 0.8% during the second quarter. Simmons Bank now owns 7,134 shares of the semiconductor company’s stock worth $555,000 after purchasing an additional 59 shares during the period. Advisory Services Network LLC raised its position in shares of Analog Devices by 3.1% during the second quarter. Advisory Services Network LLC now owns 3,349 shares of the semiconductor company’s stock worth $261,000 after purchasing an additional 100 shares during the period. North Star Asset Management Inc. raised its position in shares of Analog Devices by 3.8% during the second quarter. North Star Asset Management Inc. now owns 2,878 shares of the semiconductor company’s stock worth $224,000 after purchasing an additional 106 shares during the period. Finally, Frontier Wealth Management LLC raised its position in shares of Analog Devices by 9.4% during the second quarter. Frontier Wealth Management LLC now owns 2,697 shares of the semiconductor company’s stock worth $210,000 after purchasing an additional 232 shares during the period. Hedge funds and other institutional investors own 87.08% of the company’s stock.

A number of equities research analysts have recently commented on the company. Drexel Hamilton reaffirmed a “buy” rating and set a $105.00 price target on shares of Analog Devices in a research report on Tuesday, November 21st. Royal Bank of Canada reaffirmed a “buy” rating and set a $100.00 price target on shares of Analog Devices in a research report on Thursday, January 4th. BidaskClub raised Analog Devices from a “hold” rating to a “buy” rating in a research report on Friday, January 5th. Oppenheimer reaffirmed a “buy” rating and set a $100.00 price target on shares of Analog Devices in a research report on Friday, November 17th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $103.00 price target (up previously from $98.00) on shares of Analog Devices in a research report on Wednesday, November 22nd. Twelve research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $97.21.

In other Analog Devices news, Director Kenton J. Sicchitano sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, January 12th. The stock was sold at an average price of $91.45, for a total transaction of $685,875.00. Following the transaction, the director now owns 25,285 shares of the company’s stock, valued at approximately $2,312,313.25. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Peter Real sold 4,505 shares of the business’s stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $89.43, for a total value of $402,882.15. Following the transaction, the senior vice president now directly owns 13,531 shares in the company, valued at approximately $1,210,077.33. The disclosure for this sale can be found here. In the last three months, insiders sold 186,066 shares of company stock worth $16,159,623. 1.10% of the stock is owned by insiders.

Shares of Analog Devices, Inc. (NASDAQ:ADI) opened at $97.24 on Friday. Analog Devices, Inc. has a 1 year low of $72.09 and a 1 year high of $98.38. The stock has a market capitalization of $35,850.00, a P/E ratio of 49.11, a P/E/G ratio of 1.77 and a beta of 1.29. 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 announced its earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share (EPS) for the quarter, beating the Zacks’ 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 business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same quarter last year, the firm earned $1.05 EPS. Analog Devices’s revenue for the quarter was up 53.4% compared to the same quarter last year. equities analysts expect that Analog Devices, Inc. will post 5.2 earnings per share for the current year.

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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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