YorkBridge Wealth Partners LLC cut its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 5.2% during the fourth quarter, according to its most recent Form 13F filing with the SEC. The firm owned 3,508 shares of the semiconductor company’s stock after selling 193 shares during the period. YorkBridge Wealth Partners LLC’s holdings in Analog Devices were worth $301,000 as of its most recent filing with the SEC.
Several other institutional investors have also bought and sold shares of ADI. MML Investors Services LLC boosted its stake in shares of Analog Devices by 52.9% in the third quarter. MML Investors Services LLC now owns 12,336 shares of the semiconductor company’s stock valued at $1,141,000 after buying an additional 4,268 shares in the last quarter. Bank of New York Mellon Corp boosted its position in Analog Devices by 0.3% during the third quarter. Bank of New York Mellon Corp now owns 2,997,755 shares of the semiconductor company’s stock worth $277,173,000 after purchasing an additional 9,543 shares in the last quarter. BlackRock Inc. boosted its position in Analog Devices by 1.0% during the third quarter. BlackRock Inc. now owns 24,272,230 shares of the semiconductor company’s stock worth $2,244,211,000 after purchasing an additional 240,811 shares in the last quarter. American International Group Inc. boosted its position in Analog Devices by 4.3% during the third quarter. American International Group Inc. now owns 187,796 shares of the semiconductor company’s stock worth $17,364,000 after purchasing an additional 7,820 shares in the last quarter. Finally, FIL Ltd boosted its position in Analog Devices by 153.7% during the third quarter. FIL Ltd now owns 989,032 shares of the semiconductor company’s stock worth $91,446,000 after purchasing an additional 599,149 shares in the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.
A number of analysts have commented on the company. Zacks Investment Research upgraded Analog Devices from a “sell” rating to a “hold” rating in a research report on Wednesday, January 30th. BidaskClub upgraded Analog Devices from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 30th. Robert W. Baird reiterated a “buy” rating and set a $100.00 target price on shares of Analog Devices in a research report on Wednesday, February 20th. Sanford C. Bernstein downgraded Analog Devices from an “outperform” rating to a “market perform” rating and set a $106.00 target price on the stock. in a research report on Monday, March 25th. Finally, Barclays reiterated a “hold” rating and set a $102.00 target price on shares of Analog Devices in a research report on Friday, January 18th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus target price of $102.86.
Shares of NASDAQ:ADI traded down $1.27 on Monday, hitting $112.94. The company had a trading volume of 1,322,740 shares, compared to its average volume of 2,802,078. The company has a quick ratio of 1.64, a current ratio of 2.34 and a debt-to-equity ratio of 0.54. Analog Devices, Inc. has a 52-week low of $76.62 and a 52-week high of $114.59. The company has a market capitalization of $41.84 billion, a P/E ratio of 19.01, a P/E/G ratio of 1.66 and a beta of 1.25.
Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Wednesday, February 20th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.05. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.51 billion. Analog Devices had a return on equity of 19.99% and a net margin of 25.42%. The business’s revenue was down 1.6% on a year-over-year basis. During the same period in the prior year, the business earned $1.42 earnings per share. On average, sell-side analysts anticipate that Analog Devices, Inc. will post 5.45 earnings per share for the current year.
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Analog Devices Company Profile
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.
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