Virtu Financial LLC Has $4.39 Million Position in Analog Devices, Inc. (ADI)

Virtu Financial LLC boosted its stake in Analog Devices, Inc. (NASDAQ:ADI) by 1,429.5% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 41,679 shares of the semiconductor company’s stock after buying an additional 38,954 shares during the period. Virtu Financial LLC’s holdings in Analog Devices were worth $4,387,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently modified their holdings of the business. First American Bank grew its position in shares of Analog Devices by 1.7% during the 1st quarter. First American Bank now owns 9,628 shares of the semiconductor company’s stock valued at $1,014,000 after acquiring an additional 161 shares during the period. 10 15 Associates Inc. grew its position in shares of Analog Devices by 0.7% during the 4th quarter. 10 15 Associates Inc. now owns 30,283 shares of the semiconductor company’s stock valued at $2,599,000 after acquiring an additional 220 shares during the period. Riverbridge Partners LLC grew its position in shares of Analog Devices by 7.6% during the 1st quarter. Riverbridge Partners LLC now owns 501,781 shares of the semiconductor company’s stock valued at $52,822,000 after acquiring an additional 35,586 shares during the period. NuWave Investment Management LLC grew its position in shares of Analog Devices by 5,200.0% during the 1st quarter. NuWave Investment Management LLC now owns 5,724 shares of the semiconductor company’s stock valued at $603,000 after acquiring an additional 5,616 shares during the period. Finally, Kaizen Advisory LLC grew its position in shares of Analog Devices by 11.7% during the 4th quarter. Kaizen Advisory LLC now owns 1,023 shares of the semiconductor company’s stock valued at $88,000 after acquiring an additional 107 shares during the period. Institutional investors and hedge funds own 91.34% of the company’s stock.

Analog Devices stock opened at $116.95 on Friday. The stock has a market capitalization of $43.07 billion, a PE ratio of 19.69, a price-to-earnings-growth ratio of 1.73 and a beta of 1.27. Analog Devices, Inc. has a twelve month low of $76.62 and a twelve month high of $118.54. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.64 and a current ratio of 2.34.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Wednesday, February 20th. The semiconductor company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.28 by $0.05. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.51 billion. Analog Devices had a net margin of 25.42% and a return on equity of 19.99%. The firm’s revenue was down 1.6% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.42 EPS. On average, equities analysts forecast that Analog Devices, Inc. will post 5.45 earnings per share for the current fiscal year.

ADI has been the topic of a number of analyst reports. Oppenheimer lifted their target price on shares of Analog Devices to $117.00 and gave the company an “outperform” rating in a research note on Thursday, February 21st. BidaskClub upgraded shares of Analog Devices from a “buy” rating to a “strong-buy” rating in a research note on Wednesday, January 30th. Royal Bank of Canada restated an “outperform” rating and set a $140.00 target price on shares of Analog Devices in a research note on Tuesday, April 30th. Zacks Investment Research upgraded shares of Analog Devices from a “sell” rating to a “hold” rating in a research note on Monday, February 18th. Finally, ValuEngine upgraded shares of Analog Devices from a “hold” rating to a “buy” rating in a research note on Friday, January 25th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have given a buy rating to the stock. The company currently has an average rating of “Buy” and an average target price of $105.67.

In other Analog Devices news, CEO Vincent Roche sold 12,939 shares of the company’s stock in a transaction dated Thursday, March 28th. The shares were sold at an average price of $104.91, for a total value of $1,357,430.49. Following the transaction, the chief executive officer now directly owns 29,395 shares in the company, valued at approximately $3,083,829.45. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Margaret K. Seif sold 2,700 shares of the company’s stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $100.47, for a total transaction of $271,269.00. Following the completion of the transaction, the senior vice president now owns 24,517 shares in the company, valued at $2,463,222.99. The disclosure for this sale can be found here. Insiders have sold a total of 114,820 shares of company stock worth $12,386,014 over the last quarter. 0.50% of the stock is currently owned by insiders.

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

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