GHP Investment Advisors Inc. grew its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 1.9% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 34,119 shares of the semiconductor company’s stock after acquiring an additional 634 shares during the quarter. GHP Investment Advisors Inc.’s holdings in Analog Devices were worth $3,851,000 at the end of the most recent quarter.
A number of other hedge funds and other institutional investors have also modified their holdings of ADI. Lenox Wealth Advisors LLC acquired a new position in Analog Devices during the second quarter worth about $28,000. Berman Capital Advisors LLC increased its stake in shares of Analog Devices by 43.8% in the first quarter. Berman Capital Advisors LLC now owns 299 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 91 shares during the period. Mcmillion Capital Management Inc. acquired a new position in shares of Analog Devices in the second quarter valued at approximately $44,000. Hanson McClain Inc. increased its stake in shares of Analog Devices by 44.8% in the first quarter. Hanson McClain Inc. now owns 459 shares of the semiconductor company’s stock valued at $48,000 after buying an additional 142 shares during the period. Finally, Thor Advisors LLC acquired a new position in shares of Analog Devices in the first quarter valued at approximately $67,000. 89.73% of the stock is owned by hedge funds and other institutional investors.
ADI has been the subject of several recent research reports. Royal Bank of Canada lowered their price objective on Analog Devices from $140.00 to $120.00 and set an “outperform” rating for the company in a research note on Wednesday, May 22nd. Morgan Stanley lowered their price objective on Analog Devices from $100.00 to $97.00 and set an “equal weight” rating for the company in a research note on Thursday, May 23rd. BidaskClub downgraded Analog Devices from a “buy” rating to a “hold” rating in a research note on Saturday, August 3rd. Zacks Investment Research downgraded Analog Devices from a “hold” rating to a “strong sell” rating and set a $102.00 price objective for the company. in a research note on Wednesday, May 29th. Finally, ValuEngine raised Analog Devices from a “hold” rating to a “buy” rating in a research note on Tuesday, June 18th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and thirteen have given a buy rating to the company. Analog Devices presently has an average rating of “Buy” and a consensus price target of $109.94.
ADI stock traded up $2.07 during trading on Friday, hitting $110.52. The company had a trading volume of 2,576,200 shares, compared to its average volume of 2,276,000. The business has a 50-day moving average of $114.64 and a 200-day moving average of $108.97. Analog Devices, Inc. has a one year low of $76.62 and a one year high of $124.79. The stock has a market cap of $40.87 billion, a PE ratio of 18.61, a PEG ratio of 1.70 and a beta of 1.41. The company has a current ratio of 1.52, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48.
Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, May 22nd. The semiconductor company reported $1.36 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.30 by $0.06. Analog Devices had a return on equity of 19.17% and a net margin of 25.18%. The business had revenue of $1.53 billion for the quarter, compared to analysts’ expectations of $1.50 billion. During the same period in the prior year, the business posted $1.45 earnings per share. The firm’s revenue was down 2.4% on a year-over-year basis. Research analysts forecast that Analog Devices, Inc. will post 5.24 EPS for the current year.
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.
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