Koshinski Asset Management Inc. acquired a new stake in Analog Devices, Inc. (NASDAQ:ADI) during the 4th quarter, Holdings Channel reports. The institutional investor acquired 3,623 shares of the semiconductor company’s stock, valued at approximately $323,000.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Sit Investment Associates Inc. lifted its stake in shares of Analog Devices by 381.1% in the 4th quarter. Sit Investment Associates Inc. now owns 1,275 shares of the semiconductor company’s stock valued at $114,000 after purchasing an additional 1,010 shares in the last quarter. Fieldpoint Private Securities LLC lifted its stake in shares of Analog Devices by 91.6% in the 3rd quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock valued at $127,000 after purchasing an additional 705 shares in the last quarter. Clear Perspective Advisors LLC lifted its stake in shares of Analog Devices by 3,884.2% in the 3rd quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock valued at $130,000 after purchasing an additional 1,476 shares in the last quarter. NEXT Financial Group Inc lifted its stake in shares of Analog Devices by 64.4% in the 3rd quarter. NEXT Financial Group Inc now owns 1,532 shares of the semiconductor company’s stock valued at $136,000 after purchasing an additional 600 shares in the last quarter. Finally, WFG Advisors LP lifted its stake in shares of Analog Devices by 26.4% in the 2nd quarter. WFG Advisors LP now owns 1,579 shares of the semiconductor company’s stock valued at $123,000 after purchasing an additional 330 shares in the last quarter. 87.08% of the stock is currently owned by institutional investors and hedge funds.

Shares of Analog Devices, Inc. (NASDAQ ADI) opened at $96.14 on Friday. The company has a market capitalization of $35,440.66, a PE ratio of 20.54, a P/E/G ratio of 1.78 and a beta of 1.29. The company has a current ratio of 1.47, a quick ratio of 1.13 and a debt-to-equity ratio of 0.74. Analog Devices, Inc. has a twelve month low of $72.09 and a twelve month high of $98.38.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.36 by $0.09. Analog Devices had a return on equity of 18.78% and a net margin of 14.22%. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the previous year, the business earned $1.05 EPS. Analog Devices’s revenue for the quarter was up 53.4% compared to the same quarter last year. research analysts predict that Analog Devices, Inc. will post 5.2 earnings per share for the current year.

In other Analog Devices news, SVP Peter Real sold 4,505 shares of Analog Devices stock in a transaction that occurred on Monday, October 23rd. The stock was sold at an average price of $89.43, for a total transaction of $402,882.15. Following the sale, the senior vice president now directly owns 13,531 shares in the company, valued at approximately $1,210,077.33. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Vincent Roche sold 100,000 shares of Analog Devices stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $85.17, for a total value of $8,517,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 186,066 shares of company stock worth $16,159,623 over the last 90 days. 1.10% of the stock is owned by company insiders.

Several equities analysts have recently weighed in on the company. BidaskClub raised Analog Devices from a “hold” rating to a “buy” rating in a research note on Saturday. Royal Bank of Canada reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Analog Devices in a research note on Thursday, January 4th. Piper Jaffray Companies assumed coverage on Analog Devices in a research note on Monday, December 18th. They issued a “neutral” rating and a $92.00 price objective on the stock. Morgan Stanley lifted their price objective on Analog Devices from $103.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday, December 13th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $107.00 price objective on shares of Analog Devices in a research note on Friday, November 24th. Eleven analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $97.21.

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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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