Trade Report: Today, Aperio Group LLC Reached $8,329,000 position of Analog Devices Inc. (ADI)

Today, Aperio Group LLC Reached $8,329,000 position  of Analog Devices Inc. (ADI)

Aperio Group LLC cut its stake in shares of Analog Devices Inc. (NASDAQ:ADI) by 1.4% during the third quarter, according to its most recent filing with the SEC. The fund owned 129,230 shares of the company’s stock after selling 1,797 shares during the period. Aperio Group LLC’s holdings in Analog Devices were worth $8,329,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Huntington National Bank raised its position in shares of Analog Devices by 40.7% in the second quarter. Huntington National Bank now owns 329,395 shares of the company’s stock valued at $18,657,000 after buying an additional 95,359 shares during the period. Bank of Montreal Can acquired a new position in shares of Analog Devices during the second quarter valued at about $12,734,000. First Pacific Advisors LLC raised its position in shares of Analog Devices by 12.7% in the second quarter. First Pacific Advisors LLC now owns 4,715,280 shares of the company’s stock valued at $267,073,000 after buying an additional 529,910 shares during the period. Sumitomo Mitsui Trust Holdings Inc. raised its position in shares of Analog Devices by 0.3% in the second quarter. Sumitomo Mitsui Trust Holdings Inc. now owns 859,463 shares of the company’s stock valued at $48,680,000 after buying an additional 2,267 shares during the period. Finally, Candriam Luxembourg S.C.A. raised its position in shares of Analog Devices by 119.6% in the second quarter. Candriam Luxembourg S.C.A. now owns 623,417 shares of the company’s stock valued at $35,312,000 after buying an additional 339,513 shares during the period. Institutional investors and hedge funds own 86.33% of the company’s stock.

Analog Devices Inc. (NASDAQ:ADI) remained flat at $73.59 during trading on Thursday. The company had a trading volume of 5,923,012 shares. The firm’s 50 day moving average price is $64.77 and its 200 day moving average price is $61.30. Analog Devices Inc. has a 1-year low of $47.24 and a 1-year high of $74.87. The firm has a market capitalization of $22.63 billion, a P/E ratio of 34.76 and a beta of 1.18.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Tuesday, November 22nd. The company reported $1.05 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.89 by $0.16. Analog Devices had a return on equity of 19.51% and a net margin of 25.18%. The business earned $1 million during the quarter, compared to analyst estimates of $941.92 million. During the same quarter in the previous year, the company posted $1.03 earnings per share. Analog Devices’s revenue for the quarter was up 2.5% on a year-over-year basis. Equities analysts anticipate that Analog Devices Inc. will post $3.34 EPS for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, December 13th. Shareholders of record on Friday, December 2nd will be issued a dividend of $0.42 per share. This represents a $1.68 annualized dividend and a yield of 2.28%. The ex-dividend date is Wednesday, November 30th. Analog Devices’s dividend payout ratio is presently 60.87%.

A number of equities analysts have recently weighed in on the company. B. Riley reaffirmed a “buy” rating and set a $73.00 target price on shares of Analog Devices in a research report on Wednesday, July 27th. Evercore ISI raised Analog Devices from a “hold” rating to a “buy” rating and set a $80.00 target price on the stock in a research report on Wednesday, July 27th. Citigroup Inc. lowered Analog Devices from a “buy” rating to a “neutral” rating and upped their target price for the stock from $60.00 to $68.00 in a research report on Wednesday, July 27th. They noted that the move was a valuation call. Morgan Stanley raised Analog Devices from an “equal weight” rating to an “overweight” rating and upped their target price for the stock from $56.00 to $78.00 in a research report on Wednesday, July 27th. Finally, Royal Bank Of Canada upped their target price on Analog Devices from $63.00 to $75.00 and gave the stock an “outperform” rating in a research report on Wednesday, July 27th. Nine analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. Analog Devices currently has a consensus rating of “Buy” and a consensus target price of $73.97.

In other news, SVP Rick D. Hess sold 6,000 shares of the company’s stock in a transaction dated Thursday, September 1st. The stock was sold at an average price of $62.63, for a total value of $375,780.00. Following the completion of the transaction, the senior vice president now owns 30,495 shares of the company’s stock, valued at $1,909,901.85. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Ray Stata sold 25,000 shares of the company’s stock in a transaction dated Wednesday, September 21st. The stock was sold at an average price of $63.20, for a total value of $1,580,000.00. Following the completion of the transaction, the director now directly owns 257,631 shares of the company’s stock, valued at approximately $16,282,279.20. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.

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