First Business Financial Services Inc. boosted its position in Analog Devices, Inc. (NASDAQ:ADI) by 41.8% in the fourth quarter, HoldingsChannel.com reports. The firm owned 6,629 shares of the semiconductor company’s stock after purchasing an additional 1,954 shares during the quarter. First Business Financial Services Inc.’s holdings in Analog Devices were worth $590,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the business. KBC Group NV lifted its position in Analog Devices by 92.4% in the fourth quarter. KBC Group NV now owns 140,728 shares of the semiconductor company’s stock worth $12,529,000 after purchasing an additional 67,573 shares during the period. California Public Employees Retirement System lifted its position in Analog Devices by 0.5% in the fourth quarter. California Public Employees Retirement System now owns 801,406 shares of the semiconductor company’s stock worth $71,349,000 after purchasing an additional 4,369 shares during the period. Tradition Capital Management LLC acquired a new stake in Analog Devices in the fourth quarter worth approximately $1,881,000. Boston Family Office LLC lifted its position in Analog Devices by 50.5% in the fourth quarter. Boston Family Office LLC now owns 13,262 shares of the semiconductor company’s stock worth $1,181,000 after purchasing an additional 4,450 shares during the period. Finally, Glaxis Capital Management LLC increased its holdings in shares of Analog Devices by 61.7% in the fourth quarter. Glaxis Capital Management LLC now owns 9,700 shares of the semiconductor company’s stock valued at $864,000 after buying an additional 3,700 shares in the last quarter. Hedge funds and other institutional investors own 86.20% of the company’s stock.

Several research analysts have issued reports on ADI shares. Jefferies Group reaffirmed a “buy” rating and issued a $100.00 price target on shares of Analog Devices in a report on Thursday, October 19th. BidaskClub cut Analog Devices from a “buy” rating to a “hold” rating in a report on Friday, November 10th. Stifel Nicolaus upped their price target on Analog Devices from $97.00 to $98.00 and gave the company a “buy” rating in a report on Thursday, November 16th. B. Riley reaffirmed a “buy” rating and issued a $113.00 price target (up previously from $110.00) on shares of Analog Devices in a report on Thursday, November 16th. Finally, Oppenheimer reaffirmed a “buy” rating and issued a $100.00 price target on shares of Analog Devices in a report on Friday, November 17th. Eleven investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $97.21.

In related news, SVP Margaret K. Seif sold 7,000 shares of the company’s stock in a transaction on Monday, February 5th. The shares were sold at an average price of $88.50, for a total value of $619,500.00. Following the completion of the sale, the senior vice president now directly owns 20,404 shares in the company, valued at $1,805,754. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Vincent Roche sold 100,000 shares of the company’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $85.17, for a total transaction of $8,517,000.00. The disclosure for this sale can be found here. Insiders sold 186,061 shares of company stock worth $16,163,741 over the last ninety days. 1.10% of the stock is currently owned by company insiders.

Analog Devices, Inc. (NASDAQ:ADI) opened at $83.93 on Friday. Analog Devices, Inc. has a one year low of $74.65 and a one year high of $98.38. The company has a quick ratio of 1.13, a current ratio of 1.47 and a debt-to-equity ratio of 0.74. The firm has a market cap of $30,812.69, a price-to-earnings ratio of 40.55, a PEG ratio of 1.53 and a beta of 1.28.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.09. Analog Devices had a net margin of 14.22% and a return on equity of 18.78%. The business had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same period in the prior year, the business posted $1.05 earnings per share. 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 EPS for the current fiscal year.

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About Analog Devices

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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