Citizens Financial Group Inc RI increased its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 1.9% in the fourth quarter, Holdings Channel reports. The firm owned 79,747 shares of the semiconductor company’s stock after buying an additional 1,473 shares during the period. Citizens Financial Group Inc RI’s holdings in Analog Devices were worth $7,100,000 at the end of the most recent quarter.
Several other large investors have also modified their holdings of ADI. Sit Investment Associates Inc. increased its position in shares of Analog Devices by 381.1% during the 4th quarter. Sit Investment Associates Inc. now owns 1,275 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 1,010 shares during the last quarter. Fieldpoint Private Securities LLC increased its position in shares of Analog Devices by 91.6% during the 3rd quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock worth $127,000 after purchasing an additional 705 shares during the last quarter. Clear Perspective Advisors LLC increased its position in shares of Analog Devices by 3,884.2% during the 3rd quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock worth $130,000 after purchasing an additional 1,476 shares during the last quarter. Cerebellum GP LLC acquired a new stake in shares of Analog Devices during the 4th quarter worth about $130,000. Finally, NEXT Financial Group Inc grew its position in Analog Devices by 64.4% in the 3rd quarter. NEXT Financial Group Inc now owns 1,532 shares of the semiconductor company’s stock valued at $136,000 after acquiring an additional 600 shares in the last quarter. 85.82% of the stock is owned by hedge funds and other institutional investors.
Several equities analysts have weighed in on ADI shares. Jefferies Group lifted their target price on Analog Devices to $110.00 and gave the company a “buy” rating in a research report on Wednesday, November 22nd. BidaskClub raised Analog Devices from a “hold” rating to a “buy” rating in a research report on Friday, January 5th. Stifel Nicolaus dropped their target price on Analog Devices from $100.00 to $98.00 and set a “buy” rating for the company in a research report on Wednesday, November 22nd. B. Riley lifted their target price on Analog Devices from $110.00 to $113.00 and gave the company a “buy” rating in a research report on Wednesday, November 22nd. Finally, KeyCorp reaffirmed a “buy” rating and issued a $107.00 target price on shares of Analog Devices in a research report on Friday, November 24th. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and eighteen have given a buy rating to the company. Analog Devices has an average rating of “Buy” and an average target price of $97.21.
Shares of Analog Devices, Inc. (NASDAQ:ADI) opened at $86.09 on Monday. The firm has a market capitalization of $32,083.50, a P/E ratio of 18.40, a P/E/G ratio of 1.59 and a beta of 1.28. Analog Devices, Inc. has a 52 week low of $74.65 and a 52 week high of $98.38. 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 (NASDAQ:ADI) last posted its earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.09. The firm had revenue of $1.54 billion during the quarter, compared to analysts’ expectations 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 quarter in the previous year, the business earned $1.05 earnings per share. analysts forecast that Analog Devices, Inc. will post 5.2 EPS for the current year.
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About Analog Devices
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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