Ferguson Wellman Capital Management Inc. grew its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 0.5% during the 2nd quarter, Holdings Channel reports. The firm owned 277,044 shares of the semiconductor company’s stock after buying an additional 1,303 shares during the period. Analog Devices comprises approximately 1.0% of Ferguson Wellman Capital Management Inc.’s investment portfolio, making the stock its 27th biggest holding. Ferguson Wellman Capital Management Inc.’s holdings in Analog Devices were worth $31,270,000 as of its most recent filing with the Securities and Exchange Commission (SEC).
Other hedge funds have also added to or reduced their stakes in the company. IFM Investors Pty Ltd raised its stake in shares of Analog Devices by 6.8% in the 2nd quarter. IFM Investors Pty Ltd now owns 26,429 shares of the semiconductor company’s stock valued at $2,983,000 after acquiring an additional 1,674 shares during the period. Oregon Public Employees Retirement Fund raised its stake in shares of Analog Devices by 162.8% in the 2nd quarter. Oregon Public Employees Retirement Fund now owns 101,572 shares of the semiconductor company’s stock valued at $11,464,000 after acquiring an additional 62,926 shares during the period. JGP Wealth Management LLC raised its stake in shares of Analog Devices by 2.1% in the 2nd quarter. JGP Wealth Management LLC now owns 26,320 shares of the semiconductor company’s stock valued at $2,971,000 after acquiring an additional 532 shares during the period. Lantz Financial LLC raised its stake in shares of Analog Devices by 1.9% in the 2nd quarter. Lantz Financial LLC now owns 7,282 shares of the semiconductor company’s stock valued at $827,000 after acquiring an additional 134 shares during the period. Finally, Windsor Group LTD raised its stake in shares of Analog Devices by 3.9% in the 2nd quarter. Windsor Group LTD now owns 6,619 shares of the semiconductor company’s stock valued at $761,000 after acquiring an additional 250 shares during the period. Institutional investors and hedge funds own 89.49% of the company’s stock.
A number of equities analysts have recently commented on the stock. Piper Jaffray Companies downgraded shares of Acacia Communications from an “overweight” rating to a “neutral” rating and raised their target price for the company from $68.00 to $70.00 in a research note on Tuesday, July 9th. BidaskClub raised shares of Xilinx from a “hold” rating to a “buy” rating in a research note on Wednesday. Morgan Stanley set a $123.00 target price on shares of Lowe’s Companies and gave the company a “buy” rating in a research note on Thursday, May 23rd. SunTrust Banks cut their target price on shares of Analog Devices to $122.00 and set a “buy” rating on the stock in a research note on Thursday, May 23rd. Finally, Zacks Investment Research raised shares of Hudson Technologies from a “sell” rating to a “hold” rating in a research note on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and fourteen have given a buy rating to the stock. Analog Devices presently has a consensus rating of “Buy” and an average target price of $109.94.
Analog Devices stock traded down $3.12 during midday trading on Thursday, hitting $121.52. 120,096 shares of the stock were exchanged, compared to its average volume of 2,002,304. Analog Devices, Inc. has a 1 year low of $76.62 and a 1 year high of $124.79. The stock has a market cap of $46.09 billion, a price-to-earnings ratio of 20.46, a P/E/G ratio of 1.84 and a beta of 1.43. The company has a debt-to-equity ratio of 0.48, a quick ratio of 1.08 and a current ratio of 1.52. The company has a 50 day simple moving average of $111.30.
Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, May 22nd. The semiconductor company reported $1.36 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.30 by $0.06. Analog Devices had a net margin of 25.18% and a return on equity of 19.17%. The firm had revenue of $1.53 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter in the previous year, the firm posted $1.45 EPS. The firm’s quarterly revenue was down 2.4% on a year-over-year basis. On average, equities research analysts anticipate that Analog Devices, Inc. will post 5.24 EPS for the current fiscal year.
In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $116.50, for a total transaction of $1,165,000.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Yusuf Jamal sold 31,867 shares of the firm’s stock in a transaction on Thursday, May 23rd. The stock was sold at an average price of $98.19, for a total transaction of $3,129,020.73. Following the transaction, the senior vice president now directly owns 2,124 shares of the company’s stock, valued at $208,555.56. The disclosure for this sale can be found here. Insiders have sold a total of 94,006 shares of company stock worth $9,987,148 in the last ninety days. 0.50% of the stock is currently owned by insiders.
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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