DAVENPORT & Co LLC boosted its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 2.7% during the second quarter, HoldingsChannel.com reports. The firm owned 10,061 shares of the semiconductor company’s stock after acquiring an additional 268 shares during the period. DAVENPORT & Co LLC’s holdings in Analog Devices were worth $1,234,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently made changes to their positions in ADI. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main grew its position in Analog Devices by 1.9% during the fourth quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 13,626 shares of the semiconductor company’s stock valued at $1,620,000 after purchasing an additional 250 shares in the last quarter. Quadrant Capital Group LLC lifted its stake in Analog Devices by 12.2% in the fourth quarter. Quadrant Capital Group LLC now owns 3,043 shares of the semiconductor company’s stock valued at $347,000 after acquiring an additional 330 shares during the last quarter. Woodstock Corp lifted its stake in Analog Devices by 2.6% in the first quarter. Woodstock Corp now owns 17,590 shares of the semiconductor company’s stock valued at $1,577,000 after acquiring an additional 442 shares during the last quarter. State of Alaska Department of Revenue lifted its stake in Analog Devices by 7.1% in the first quarter. State of Alaska Department of Revenue now owns 118,138 shares of the semiconductor company’s stock valued at $10,590,000 after acquiring an additional 7,840 shares during the last quarter. Finally, Private Trust Co. NA lifted its stake in Analog Devices by 52.1% in the first quarter. Private Trust Co. NA now owns 15,659 shares of the semiconductor company’s stock valued at $1,403,000 after acquiring an additional 5,366 shares during the last quarter. 85.36% of the stock is currently owned by hedge funds and other institutional investors.

A number of analysts have issued reports on the stock. Morgan Stanley lifted their target price on shares of Analog Devices from $101.00 to $117.00 and gave the company an “equal weight” rating in a research note on Tuesday, June 16th. Credit Suisse Group lifted their target price on shares of Analog Devices from $130.00 to $150.00 and gave the company an “outperform” rating in a research note on Tuesday, July 14th. Edward Jones cut shares of Analog Devices from a “buy” rating to a “hold” rating in a research note on Tuesday, July 14th. Robert W. Baird reduced their target price on shares of Analog Devices from $135.00 to $130.00 and set an “outperform” rating for the company in a research note on Thursday, May 21st. Finally, JPMorgan Chase & Co. reduced their price objective on shares of Analog Devices from $134.00 to $119.00 and set a “neutral” rating for the company in a research note on Thursday, May 21st. One equities research analyst has rated the stock with a sell rating, nine have issued a hold rating, thirteen have given a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $125.68.

In related news, Director James Champy sold 2,155 shares of the stock in a transaction that occurred on Wednesday, May 27th. The stock was sold at an average price of $113.61, for a total transaction of $244,829.55. Following the completion of the sale, the director now directly owns 12,415 shares of the company’s stock, valued at approximately $1,410,468.15. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, SVP Steve Pietkiewicz sold 3,710 shares of the firm’s stock in a transaction that occurred on Wednesday, June 17th. The stock was sold at an average price of $123.29, for a total transaction of $457,405.90. Over the last three months, insiders have sold 14,325 shares of company stock valued at $1,661,769. 0.42% of the stock is owned by company insiders.

Analog Devices stock opened at $114.85 on Friday. The company has a current ratio of 1.30, a quick ratio of 0.92 and a debt-to-equity ratio of 0.44. Analog Devices, Inc. has a 1 year low of $79.07 and a 1 year high of $127.39. The company has a market cap of $42.85 billion, a PE ratio of 38.54, a PEG ratio of 1.88 and a beta of 1.35. The company’s 50-day moving average is $119.00 and its two-hundred day moving average is $110.55.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $1.08 earnings per share for the quarter, beating analysts’ consensus estimates of $1.05 by $0.03. The business had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.32 billion. Analog Devices had a net margin of 20.05% and a return on equity of 14.51%. Analog Devices’s revenue for the quarter was down 13.7% on a year-over-year basis. During the same period last year, the company posted $1.36 EPS. Research analysts forecast that Analog Devices, Inc. will post 4.65 EPS for the current year.

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

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