Wellington Shields Capital Management LLC purchased a new stake in Analog Devices, Inc. (NASDAQ:ADI) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 2,500 shares of the semiconductor company’s stock, valued at approximately $215,000.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Franklin Resources Inc. raised its position in Analog Devices by 54.1% during the second quarter. Franklin Resources Inc. now owns 9,251,799 shares of the semiconductor company’s stock valued at $719,786,000 after purchasing an additional 3,248,336 shares in the last quarter. Janus Henderson Group PLC raised its position in Analog Devices by 576.1% during the second quarter. Janus Henderson Group PLC now owns 1,785,372 shares of the semiconductor company’s stock valued at $138,903,000 after purchasing an additional 1,521,316 shares in the last quarter. BlackRock Inc. raised its position in Analog Devices by 6.2% during the second quarter. BlackRock Inc. now owns 24,482,633 shares of the semiconductor company’s stock valued at $1,904,749,000 after purchasing an additional 1,437,338 shares in the last quarter. Prudential PLC raised its position in Analog Devices by 23,301.9% during the second quarter. Prudential PLC now owns 1,304,189 shares of the semiconductor company’s stock valued at $101,466,000 after purchasing an additional 1,298,616 shares in the last quarter. Finally, FMR LLC raised its position in Analog Devices by 14.6% during the second quarter. FMR LLC now owns 8,889,572 shares of the semiconductor company’s stock valued at $691,608,000 after purchasing an additional 1,132,549 shares in the last quarter. Institutional investors own 86.42% of the company’s stock.

In other Analog Devices news, Director Ray Stata sold 25,000 shares of the stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $83.50, for a total value of $2,087,500.00. Following the completion of the sale, the director now owns 234,481 shares in the company, valued at approximately $19,579,163.50. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director James Champy sold 12,500 shares of the stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $90.00, for a total transaction of $1,125,000.00. Following the completion of the sale, the director now owns 21,910 shares of the company’s stock, valued at approximately $1,971,900. The disclosure for this sale can be found here. Insiders sold a total of 135,994 shares of company stock worth $11,604,048 in the last 90 days. 1.10% of the stock is currently owned by company insiders.

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Several brokerages have commented on ADI. Stifel Nicolaus boosted their price objective on shares of Analog Devices from $97.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday. BidaskClub downgraded shares of Analog Devices from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Jefferies Group LLC restated a “buy” rating and set a $100.00 price objective on shares of Analog Devices in a research report on Thursday, October 19th. SunTrust Banks, Inc. restated a “buy” rating and set a $106.00 price objective on shares of Analog Devices in a research report on Thursday, October 12th. Finally, Zacks Investment Research upgraded shares of Analog Devices from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a report on Tuesday, October 10th. Twelve equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and an average price target of $93.69.

Analog Devices, Inc. (NASDAQ ADI) traded up $0.56 during mid-day trading on Thursday, hitting $89.72. 132,368 shares of the stock were exchanged, compared to its average volume of 2,932,187. The company has a market cap of $33,251.87, a PE ratio of 21.13, a PEG ratio of 1.76 and a beta of 1.32. The company has a quick ratio of 1.52, a current ratio of 1.99 and a debt-to-equity ratio of 0.83. Analog Devices, Inc. has a one year low of $67.38 and a one year high of $92.96.

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

Analog Devices 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.

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

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