Today, Obermeyer Wood Investment Counsel Lllp Sold shares of Analog Devices Inc. (ADI)

Today, Obermeyer Wood Investment Counsel Lllp Sold shares of Analog Devices Inc. (ADI)

Obermeyer Wood Investment Counsel Lllp cut its position in Analog Devices Inc. (NASDAQ:ADI) by 1.5% during the third quarter, according to its most recent 13F filing with the SEC. The fund owned 114,739 shares of the company’s stock after selling 1,732 shares during the period. Obermeyer Wood Investment Counsel Lllp’s holdings in Analog Devices were worth $7,395,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Hall Laurie J Trustee increased its stake in Analog Devices by 26.0% in the second quarter. Hall Laurie J Trustee now owns 15,275 shares of the company’s stock worth $890,000 after buying an additional 3,150 shares during the last quarter. Creative Planning increased its position in Analog Devices by 31.6% in the second quarter. Creative Planning now owns 6,953 shares of the company’s stock valued at $394,000 after buying an additional 1,668 shares in the last quarter. Bank of Stockton increased its position in Analog Devices by 1.4% in the second quarter. Bank of Stockton now owns 16,714 shares of the company’s stock valued at $947,000 after buying an additional 225 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its position in Analog Devices by 0.4% in the second quarter. Chevy Chase Trust Holdings Inc. now owns 263,035 shares of the company’s stock valued at $14,899,000 after buying an additional 968 shares in the last quarter. Finally, Exxonmobil Investment Management Inc. TX increased its position in Analog Devices by 5.4% in the second quarter. Exxonmobil Investment Management Inc. TX now owns 79,558 shares of the company’s stock valued at $4,506,000 after buying an additional 4,076 shares in the last quarter. 86.33% of the stock is currently owned by institutional investors.

Analog Devices Inc. (NASDAQ:ADI) opened at 73.59 on Friday. Analog Devices Inc. has a 12 month low of $47.24 and a 12 month high of $74.87. The stock has a market cap of $22.63 billion, a P/E ratio of 34.76 and a beta of 1.18. The company’s 50-day moving average price is $64.77 and its 200-day moving average price is $61.30.

Analog Devices (NASDAQ:ADI) last released its earnings results on Tuesday, November 22nd. The company reported $1.05 earnings per share (EPS) for the quarter, topping 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 company had revenue of $1 million for the quarter, compared to analysts’ expectations of $941.92 million. During the same quarter in the previous year, the firm posted $1.03 EPS. The firm’s quarterly revenue was up 2.5% on a year-over-year basis. Equities analysts forecast that Analog Devices Inc. will post $3.34 earnings per share for the current year.

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

ADI has been the topic of several analyst reports. Robert W. Baird boosted their target price on Analog Devices to $77.00 in a research report on Wednesday. B. Riley reissued a “buy” rating and set a $74.00 target price on shares of Analog Devices in a research report on Saturday, August 20th. Argus reaffirmed a “buy” rating and issued a $73.00 price objective on shares of Analog Devices in a research report on Thursday, August 18th. Morgan Stanley reaffirmed a “buy” rating and issued a $78.00 price objective on shares of Analog Devices in a research report on Thursday, August 18th. Finally, Jefferies Group reaffirmed a “buy” rating and issued a $84.00 price objective on shares of Analog Devices in a research report on Thursday, August 18th. Nine equities research analysts have rated the stock with a hold rating and twenty-one have issued a buy rating to the company. The stock has a consensus rating of “Buy” and an average price target of $73.97.

In related news, SVP Rick D. Hess sold 6,000 shares of the company’s stock in a transaction that occurred on Thursday, September 1st. The stock was sold at an average price of $62.63, for a total value of $375,780.00. Following the sale, the senior vice president now owns 30,495 shares of the company’s stock, valued at approximately $1,909,901.85. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director John C. Hodgson sold 7,500 shares of the company’s stock in a transaction that occurred on Tuesday, October 4th. The shares were sold at an average price of $64.42, for a total value of $483,150.00. Following the completion of the sale, the director now directly owns 18,485 shares in the company, valued at approximately $1,190,803.70. The disclosure for this sale can be found here. Company insiders own 0.90% of the company’s stock.

Analog Devices Company Profile

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