JPMorgan Investment Management, I recently announced the acquisition of new stake in Analog Devices Inc. (NASDAQ:ADI). The institutional investor has increased its shareholding in the Technology company by 15.40% to 16.21 million shares with purchase of 2.16 million shares. This fresh investment now brings its stake to 3.27% valued currently at $3.22 billion. In addition, Massachusetts Financial Services raised its holdings by 2.5 million to 13.87 million shares. And Geode Capital Management LLC has lifted its position by 1.10% or 0.11 million shares – to 9.7 million shares.
Currently, there are 496.26M common shares owned by the public and among those 494.48M shares have been available to trade.
3 Tiny Stocks Primed to Explode
The world's greatest investor — Warren Buffett — has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential.
We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns.
Click here for full details and to join for free
Sponsored
Insiders at the company have transacted a total of 113 times over the past 12 months, according to data filed with the U.S. Securities and Exchange Commission (SEC). 51 of these insider trades were purchases, accounting for 394,717 shares. Insider sales of the common stock occurred on 62 occasions, with total insider shares sold totaling 285,821 shares.
The top 3 mutual fund holders in Analog Devices Inc. are Vanguard Total Stock Market ETF, Vanguard 500 Index Fund, and Invesco QQQ Trust. Vanguard Total Stock Market ETF owns 15.57 million shares of the company’s stock, all valued at over $3.09 billion. The company sold 43362.0 shares recently to bring their total holdings to about 3.14% of the shares outstanding. Vanguard 500 Index Fund sold 51570.0 shares to see its total holdings shrink to 12.17 million shares valued at over $2.42 billion and representing 2.45% of the shares outstanding. Invesco QQQ Trust sold 23432.0 shares to bring its total holdings to over 9.13 million shares at a value of $1.81 billion. Invesco QQQ Trust now owns shares totaling to 1.84% of the shares outstanding.
The company’s stock has a 5-day price change of 7.23% and 20.93% over the past three months. ADI shares are trading 1.42% year to date (YTD), with the 12-month market performance up to 21.92% higher. It has a 12-month low price of $154.99 and touched a high of $202.77 over the same period. ADI has an average intraday trading volume of 3.20 million shares. The stock is trading above its simple moving averages at the SMA20, SMA50, and SMA200, as the current price level is off by 4.74%, 7.49%, and 10.00% respectively.
Institutional ownership of Analog Devices Inc. (NASDAQ: ADI) shares accounts for 89.40% of the company’s 496.26M shares outstanding. Mutual fund holders own 37.85%, while other institutional holders and individual stakeholders account for 52.93% and 0.79% respectively.
It has a market capitalization of $99.93B and a beta (3y monthly) value of 1.19. The stock’s trailing 12-month PE ratio is 30.79, while the earnings-per-share (ttm) stands at $6.54. Price movements for the stock have been influenced by the stock’s volatility, which stands at 1.82% over the week and 1.73% over the month.
Analysts forecast that Analog Devices Inc. (ADI) will achieve an EPS of $1.71 for the current quarter, $1.59 for the next quarter and $8.73 for 2025. The lowest estimate earnings-per-share for the quarter is $1.7 while analysts give the company a high EPS estimate of $1.73. Comparatively, EPS for the current quarter was $2.75 a year ago. Earnings per share for the fiscal year are expected to decrease by -30.02%, and 22.95% over the next financial year. EPS should shrink at an annualized rate of -1.51% over the next five years, compared to 10.35% over the past 5-year period.
Looking at the support for the ADI, a number of firms have released research notes about the stock. Cantor Fitzgerald stated their Neutral rating for the stock in a research note on Jan-24-24, with the firm’s price target at $205.
