Peddock Capital Advisors LLC Makes New $186,000 Investment in Analog Devices, Inc. (NASDAQ:ADI)

Peddock Capital Advisors LLC purchased a new position in Analog Devices, Inc. (NASDAQ:ADI) in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor purchased 1,563 shares of the semiconductor company’s stock, valued at approximately $186,000.

A number of other hedge funds have also modified their holdings of ADI. Voya Investment Management LLC increased its stake in Analog Devices by 438.9% in the 3rd quarter. Voya Investment Management LLC now owns 751,494 shares of the semiconductor company’s stock worth $83,965,000 after buying an additional 612,036 shares in the last quarter. Massachusetts Financial Services Co. MA boosted its holdings in shares of Analog Devices by 1.7% during the 3rd quarter. Massachusetts Financial Services Co. MA now owns 18,890,839 shares of the semiconductor company’s stock valued at $2,110,675,000 after purchasing an additional 310,719 shares during the last quarter. California Public Employees Retirement System boosted its holdings in shares of Analog Devices by 37.6% during the 3rd quarter. California Public Employees Retirement System now owns 802,117 shares of the semiconductor company’s stock valued at $89,621,000 after purchasing an additional 219,322 shares during the last quarter. Ferguson Wellman Capital Management Inc. boosted its holdings in shares of Analog Devices by 75.5% during the 3rd quarter. Ferguson Wellman Capital Management Inc. now owns 486,153 shares of the semiconductor company’s stock valued at $54,318,000 after purchasing an additional 209,109 shares during the last quarter. Finally, Boston Trust Walden Corp bought a new position in shares of Analog Devices during the 3rd quarter valued at about $18,212,000. Institutional investors and hedge funds own 87.01% of the company’s stock.

ADI has been the subject of several research reports. ValuEngine downgraded shares of Analog Devices from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Deutsche Bank increased their price objective on shares of Analog Devices from $105.00 to $110.00 and gave the company a “hold” rating in a report on Wednesday, November 27th. Nomura increased their price objective on shares of Analog Devices from $90.00 to $100.00 and gave the company a “neutral” rating in a report on Wednesday, November 27th. SunTrust Banks reaffirmed a “buy” rating and issued a $133.00 price target on shares of Analog Devices in a report on Wednesday, November 27th. Finally, Credit Suisse Group increased their price target on shares of Analog Devices from $120.00 to $130.00 and gave the company an “outperform” rating in a report on Wednesday, November 27th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and thirteen have issued a buy rating to the company’s stock. Analog Devices currently has a consensus rating of “Buy” and a consensus price target of $120.89.

Analog Devices stock traded down $2.83 during midday trading on Friday, reaching $118.03. The stock had a trading volume of 58,232 shares, compared to its average volume of 1,423,173. The company has a quick ratio of 0.91, a current ratio of 1.32 and a debt-to-equity ratio of 0.44. Analog Devices, Inc. has a 52-week low of $90.53 and a 52-week high of $124.79. The firm has a market cap of $44.35 billion, a price-to-earnings ratio of 32.36, a price-to-earnings-growth ratio of 2.03 and a beta of 1.42. The company has a fifty day moving average of $118.57 and a 200 day moving average of $113.78.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Tuesday, November 26th. The semiconductor company reported $1.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.22 by ($0.03). Analog Devices had a return on equity of 16.39% and a net margin of 22.75%. The firm had revenue of $1.44 billion during the quarter, compared to analysts’ expectations of $1.45 billion. During the same period last year, the company earned $1.55 earnings per share. The business’s revenue for the quarter was down 6.1% compared to the same quarter last year. Equities research analysts predict that Analog Devices, Inc. will post 4.78 EPS for the current year.

In related news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $108.96, for a total transaction of $1,089,600.00. Following the transaction, the chief executive officer now directly owns 31,206 shares of the company’s stock, valued at $3,400,205.76. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Kenton J. Sicchitano sold 11,860 shares of Analog Devices stock in a transaction that occurred on Thursday, January 9th. The shares were sold at an average price of $120.96, for a total transaction of $1,434,585.60. Following the transaction, the director now directly owns 34,255 shares in the company, valued at $4,143,484.80. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 104,320 shares of company stock worth $12,275,687. Corporate insiders own 0.50% of the company’s stock.

Analog Devices Profile

Analog Devices, Inc engages in the design, development, manufacture, and marketing of integrated circuits (ICs). Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable consumer devices.

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

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