Analog Devices, Inc. (ADI) Stake Maintained by Richard Bernstein Advisors LLC

Richard Bernstein Advisors LLC maintained its position in Analog Devices, Inc. (NASDAQ:ADI) during the first quarter, Holdings Channel reports. The institutional investor owned 39,829 shares of the semiconductor company’s stock at the end of the first quarter. Richard Bernstein Advisors LLC’s holdings in Analog Devices were worth $3,264,000 at the end of the most recent quarter.

Several other institutional investors also recently bought and sold shares of the company. Heritage Trust Co bought a new position in Analog Devices during the first quarter worth approximately $114,000. Financial Architects Inc increased its stake in shares of Analog Devices by 291.6% in the first quarter. Financial Architects Inc now owns 1,547 shares of the semiconductor company’s stock worth $126,000 after buying an additional 1,152 shares during the last quarter. Parallel Advisors LLC acquired a new stake in shares of Analog Devices during the fourth quarter worth $115,000. Mitsubishi UFJ Securities Holdings Co. Ltd. increased its stake in shares of Analog Devices by 1,250.0% in the first quarter. Mitsubishi UFJ Securities Holdings Co. Ltd. now owns 1,890 shares of the semiconductor company’s stock worth $155,000 after buying an additional 1,750 shares during the last quarter. Finally, Manchester Capital Management LLC increased its stake in shares of Analog Devices by 29.9% in the first quarter. Manchester Capital Management LLC now owns 2,166 shares of the semiconductor company’s stock worth $178,000 after buying an additional 498 shares during the last quarter. 90.38% of the stock is currently owned by institutional investors.

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

Shares of Analog Devices, Inc. (ADI) traded up 0.09% during midday trading on Thursday, reaching $80.90. The company had a trading volume of 213,766 shares. Analog Devices, Inc. has a 52 week low of $52.17 and a 52 week high of $90.49. The firm has a market capitalization of $25.01 billion, a price-to-earnings ratio of 27.59 and a beta of 1.19. The stock has a 50-day moving average of $79.42 and a 200 day moving average of $77.62.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Wednesday, May 31st. The semiconductor company reported $1.03 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.18. The company had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Analog Devices had a return on equity of 19.31% and a net margin of 25.18%. The firm’s revenue for the quarter was up 41.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.64 earnings per share. On average, analysts anticipate that Analog Devices, Inc. will post $4.37 earnings per share for the current year.

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, June 20th. Stockholders of record on Friday, June 9th will be paid a dividend of $0.45 per share. The ex-dividend date is Wednesday, June 7th. This represents a $1.80 dividend on an annualized basis and a dividend yield of 2.23%. Analog Devices’s dividend payout ratio is 60.87%.

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A number of brokerages have weighed in on ADI. B. Riley reiterated a “buy” rating and issued a $103.00 target price on shares of Analog Devices in a report on Wednesday, March 22nd. Oppenheimer Holdings Inc. reiterated an “outperform” rating and issued a $100.00 target price (up from $90.00) on shares of Analog Devices in a report on Friday, June 2nd. Argus lifted their target price on Analog Devices from $86.00 to $92.00 and gave the stock an “outperform” rating in a report on Thursday, June 1st. Stifel Nicolaus reiterated a “buy” rating and issued a $97.00 target price (up from $95.00) on shares of Analog Devices in a report on Thursday, June 1st. Finally, BMO Capital Markets reiterated a “buy” rating and issued a $96.00 target price on shares of Analog Devices in a report on Friday, March 31st. Two investment analysts have rated the stock with a sell rating, eight have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. Analog Devices currently has a consensus rating of “Buy” and an average price target of $88.67.

In related news, CEO Vincent Roche sold 47,500 shares of the business’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $86.50, for a total value of $4,108,750.00. Following the completion of the sale, the chief executive officer now owns 61,484 shares in the company, valued at $5,318,366. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Margaret K. Seif sold 3,000 shares of the business’s stock in a transaction that occurred on Monday, May 22nd. The shares were sold at an average price of $81.54, for a total value of $244,620.00. Following the completion of the sale, the senior vice president now owns 20,404 shares of the company’s stock, valued at approximately $1,663,742.16. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 182,195 shares of company stock worth $15,165,148. Insiders own 1.10% of the company’s stock.

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.new TradingView.widget({ “height”: 400, “width”: 625, “symbol”: “NASDAQ:ADI”, “interval”: “D”, “timezone”: “Etc/UTC”, “theme”: “White”, “style”: “1”, “locale”: “en”, “toolbar_bg”: “#f1f3f6”, “enable_publishing”: false, “hideideas”: true, “referral_id”: “2588”});

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