Copper Rock Capital Partners LLC grew its position in Analog Devices, Inc. (NASDAQ:ADI) by 47.6% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 110,625 shares of the semiconductor company’s stock after purchasing an additional 35,687 shares during the period. Copper Rock Capital Partners LLC’s holdings in Analog Devices were worth $9,888,000 as of its most recent SEC filing.
Several other institutional investors also recently bought and sold shares of the company. Abner Herrman & Brock LLC acquired a new stake in Analog Devices during the fourth quarter valued at approximately $4,873,000. QUANTRES ASSET MANAGEMENT Ltd acquired a new stake in Analog Devices during the fourth quarter valued at approximately $694,000. Neville Rodie & Shaw Inc. acquired a new stake in Analog Devices during the fourth quarter valued at approximately $827,000. Parametric Portfolio Associates LLC lifted its stake in Analog Devices by 21.9% during the third quarter. Parametric Portfolio Associates LLC now owns 1,400,026 shares of the semiconductor company’s stock valued at $120,640,000 after purchasing an additional 251,513 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC acquired a new stake in Analog Devices during the third quarter valued at approximately $842,000. Institutional investors and hedge funds own 87.08% of the company’s stock.
Several equities research analysts recently commented on the stock. Jefferies Group restated a “buy” rating and issued a $100.00 price target on shares of Analog Devices in a research report on Thursday, October 19th. Oppenheimer reiterated a “buy” rating and issued a $100.00 target price on shares of Analog Devices in a research report on Friday, November 17th. Zacks Investment Research upgraded shares of Analog Devices from a “hold” rating to a “buy” rating and set a $98.00 target price for the company in a research report on Tuesday, October 10th. Stifel Nicolaus reiterated a “buy” rating and issued a $97.00 target price on shares of Analog Devices in a research report on Monday, September 25th. Finally, Royal Bank of Canada reiterated a “buy” rating and issued a $100.00 target price on shares of Analog Devices in a research report on Thursday, January 4th. Twelve equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $97.21.
Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.09. Analog Devices had a net margin of 14.22% and a return on equity of 18.78%. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the firm posted $1.05 EPS. The firm’s quarterly revenue was up 53.4% on a year-over-year basis. research analysts anticipate that Analog Devices, Inc. will post 5.2 earnings per share for the current fiscal year.
In other Analog Devices news, SVP Peter Real sold 4,505 shares of the firm’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $89.43, for a total value of $402,882.15. Following the completion of the sale, the senior vice president now owns 13,531 shares in the company, valued at approximately $1,210,077.33. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James Champy sold 12,500 shares of Analog Devices stock in a transaction that occurred on Tuesday, October 24th. The stock was sold at an average price of $90.00, for a total transaction of $1,125,000.00. Following the sale, the director now owns 21,910 shares of the company’s stock, valued at approximately $1,971,900. The disclosure for this sale can be found here. Insiders have sold a total of 178,566 shares of company stock valued at $15,473,748 over the last three months. 1.10% of the stock is currently owned by insiders.
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Analog Devices Profile
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.
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