Commonwealth of Pennsylvania Public School Empls Retrmt SYS Has $2.12 Million Position in Analog Devices, Inc. (ADI)

Commonwealth of Pennsylvania Public School Empls Retrmt SYS increased its position in Analog Devices, Inc. (NASDAQ:ADI) by 1.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 27,267 shares of the semiconductor company’s stock after purchasing an additional 269 shares during the quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS’s holdings in Analog Devices were worth $2,121,000 as of its most recent SEC filing.

Other large investors have also recently made changes to their positions in the company. YorkBridge Wealth Partners LLC lifted its holdings in shares of Analog Devices by 0.3% during the 1st quarter. YorkBridge Wealth Partners LLC now owns 3,753 shares of the semiconductor company’s stock valued at $283,000 after purchasing an additional 11 shares during the last quarter. Pitcairn Co. lifted its holdings in shares of Analog Devices by 0.6% during the 2nd quarter. Pitcairn Co. now owns 4,719 shares of the semiconductor company’s stock valued at $367,000 after purchasing an additional 30 shares during the last quarter. King Luther Capital Management Corp lifted its holdings in shares of Analog Devices by 0.9% during the 1st quarter. King Luther Capital Management Corp now owns 3,722 shares of the semiconductor company’s stock valued at $305,000 after purchasing an additional 32 shares during the last quarter. CENTRAL TRUST Co lifted its holdings in shares of Analog Devices by 1.4% during the 2nd quarter. CENTRAL TRUST Co now owns 2,365 shares of the semiconductor company’s stock valued at $184,000 after purchasing an additional 32 shares during the last quarter. Finally, Osborn Williams & Donohoe LLC lifted its holdings in shares of Analog Devices by 1.2% during the 2nd quarter. Osborn Williams & Donohoe LLC now owns 2,834 shares of the semiconductor company’s stock valued at $220,000 after purchasing an additional 34 shares during the last quarter. 86.72% of the stock is currently owned by institutional investors.

ADI has been the subject of a number of research analyst reports. Bank of America Corporation reiterated a “buy” rating and set a $100.00 price objective (up previously from $92.00) on shares of Analog Devices in a research note on Friday, June 2nd. Drexel Hamilton restated a “buy” rating and set a $105.00 target price on shares of Analog Devices in a research report on Wednesday, August 30th. Oppenheimer Holdings, Inc. restated an “outperform” rating and set a $100.00 target price (up from $90.00) on shares of Analog Devices in a research report on Friday, June 2nd. Jefferies Group LLC restated a “buy” rating on shares of Analog Devices in a research report on Monday, July 10th. Finally, BidaskClub upgraded Analog Devices from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Twelve investment analysts have rated the stock with a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. Analog Devices currently has a consensus rating of “Buy” and a consensus price target of $91.85.

In other news, SVP Margaret K. Seif sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $80.28, for a total transaction of $240,840.00. Following the completion of the transaction, the senior vice president now directly owns 20,404 shares of the company’s stock, valued at approximately $1,638,033.12. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Bruce R. Evans purchased 14,000 shares of the firm’s stock in a transaction dated Friday, July 7th. The shares were acquired at an average cost of $78.28 per share, with a total value of $1,095,920.00. Following the completion of the purchase, the director now directly owns 67,540 shares in the company, valued at $5,287,031.20. The disclosure for this purchase can be found here. Insiders have sold a total of 45,686 shares of company stock worth $3,780,282 over the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Analog Devices, Inc. (NASDAQ ADI) traded up 1.63% on Friday, reaching $83.68. 899,981 shares of the company traded hands. Analog Devices, Inc. has a 12 month low of $59.54 and a 12 month high of $90.49. The company has a market capitalization of $30.77 billion, a P/E ratio of 41.65 and a beta of 1.29. The company has a 50-day moving average price of $79.94 and a 200-day moving average price of $80.16.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.11. The business had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. Analog Devices had a net margin of 14.77% and a return on equity of 19.06%. Analog Devices’s revenue for the quarter was up 64.9% on a year-over-year basis. During the same period last year, the company posted $0.82 EPS. Equities research analysts expect that Analog Devices, Inc. will post $4.62 EPS for the current year.

The business also recently announced a quarterly dividend, which will be paid on Tuesday, September 19th. Shareholders of record on Friday, September 8th will be issued a dividend of $0.45 per share. The ex-dividend date is Thursday, September 7th. This represents a $1.80 annualized dividend and a yield of 2.19%. Analog Devices’s dividend payout ratio (DPR) is currently 86.12%.

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Analog Devices Company 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.

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

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