Analog Devices, Inc. (ADI) Shares Bought by Ascension Asset Management LLC

Ascension Asset Management LLC boosted its position in Analog Devices, Inc. (NASDAQ:ADI) by 4.5% during the second quarter, Holdings Channel reports. The institutional investor owned 19,600 shares of the semiconductor company’s stock after acquiring an additional 850 shares during the quarter. Analog Devices makes up approximately 1.7% of Ascension Asset Management LLC’s investment portfolio, making the stock its 20th largest holding. Ascension Asset Management LLC’s holdings in Analog Devices were worth $1,880,000 at the end of the most recent reporting period.

A number of other large investors have also recently bought and sold shares of the stock. Jones Financial Companies Lllp grew its position in Analog Devices by 24.2% in the 2nd quarter. Jones Financial Companies Lllp now owns 43,529 shares of the semiconductor company’s stock worth $4,176,000 after purchasing an additional 8,476 shares during the last quarter. State Treasurer State of Michigan grew its position in Analog Devices by 0.8% in the 2nd quarter. State Treasurer State of Michigan now owns 109,795 shares of the semiconductor company’s stock worth $10,532,000 after purchasing an additional 900 shares during the last quarter. SPF Beheer BV grew its position in Analog Devices by 1.7% in the 2nd quarter. SPF Beheer BV now owns 916,261 shares of the semiconductor company’s stock worth $87,888,000 after purchasing an additional 15,325 shares during the last quarter. CIBC World Markets Inc. grew its position in Analog Devices by 5.0% in the 2nd quarter. CIBC World Markets Inc. now owns 17,633 shares of the semiconductor company’s stock worth $1,691,000 after purchasing an additional 844 shares during the last quarter. Finally, Gideon Capital Advisors Inc. acquired a new stake in Analog Devices in the 2nd quarter worth $871,000. Institutional investors and hedge funds own 88.03% of the company’s stock.

In related news, SVP Peter Real sold 4,595 shares of Analog Devices stock in a transaction dated Wednesday, May 30th. The shares were sold at an average price of $93.07, for a total transaction of $427,656.65. Following the completion of the transaction, the senior vice president now directly owns 18,195 shares of the company’s stock, valued at approximately $1,693,408.65. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Joseph Hassett sold 17,150 shares of Analog Devices stock in a transaction dated Friday, June 1st. The shares were sold at an average price of $97.95, for a total transaction of $1,679,842.50. The disclosure for this sale can be found here. Insiders have sold a total of 80,050 shares of company stock valued at $7,712,311 over the last three months. 0.70% of the stock is currently owned by insiders.

A number of equities analysts have recently commented on the stock. BidaskClub downgraded shares of Analog Devices from a “strong-buy” rating to a “buy” rating in a report on Monday, June 18th. Loop Capital assumed coverage on shares of Analog Devices in a report on Thursday, June 21st. They set a “buy” rating and a $117.00 price objective for the company. Piper Jaffray Companies raised their price objective on shares of Analog Devices from $99.00 to $105.00 and gave the stock an “overweight” rating in a report on Thursday, May 31st. Zacks Investment Research raised shares of Analog Devices from a “hold” rating to a “buy” rating and set a $107.00 price objective for the company in a report on Tuesday, May 22nd. Finally, Sanford C. Bernstein raised their price objective on shares of Analog Devices from $105.00 to $110.00 and gave the stock an “outperform” rating in a report on Thursday, May 31st. Nine research analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $104.63.

Shares of ADI stock opened at $94.26 on Friday. Analog Devices, Inc. has a 12-month low of $76.95 and a 12-month high of $103.59. The stock has a market cap of $35.21 billion, a P/E ratio of 19.97, a PEG ratio of 1.32 and a beta of 1.21. The company has a quick ratio of 1.14, a current ratio of 1.53 and a debt-to-equity ratio of 0.65.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Wednesday, May 30th. The semiconductor company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.08. Analog Devices had a net margin of 17.72% and a return on equity of 20.34%. The firm had revenue of $1.51 billion during the quarter, compared to the consensus estimate of $1.47 billion. During the same period last year, the firm posted $1.03 EPS. The firm’s quarterly revenue was up 31.8% on a year-over-year basis. equities research analysts expect that Analog Devices, Inc. will post 5.8 EPS for the current fiscal year.

Analog Devices Profile

Analog Devices, Inc designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits (ICs), algorithms, software, and subsystems. It offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency ICs to support cellular infrastructure.

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

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