Candriam Luxembourg S.C.A. reduced its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 58.5% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 136,258 shares of the semiconductor company’s stock after selling 192,157 shares during the quarter. Candriam Luxembourg S.C.A.’s holdings in Analog Devices were worth $12,131,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also added to or reduced their stakes in the company. Ameritas Investment Partners Inc. increased its position in shares of Analog Devices by 7.0% in the second quarter. Ameritas Investment Partners Inc. now owns 14,953 shares of the semiconductor company’s stock worth $1,163,000 after acquiring an additional 972 shares in the last quarter. 1st Global Advisors Inc. purchased a new position in shares of Analog Devices in the second quarter worth approximately $681,000. North Star Asset Management Inc. increased its position in shares of Analog Devices by 3.8% in the second quarter. North Star Asset Management Inc. now owns 2,878 shares of the semiconductor company’s stock worth $224,000 after acquiring an additional 106 shares in the last quarter. Advisory Services Network LLC increased its position in shares of Analog Devices by 3.1% in the second quarter. Advisory Services Network LLC now owns 3,349 shares of the semiconductor company’s stock worth $261,000 after acquiring an additional 100 shares in the last quarter. Finally, Cetera Investment Advisers increased its position in shares of Analog Devices by 22.8% in the second quarter. Cetera Investment Advisers now owns 7,314 shares of the semiconductor company’s stock worth $570,000 after acquiring an additional 1,356 shares in the last quarter. Institutional investors and hedge funds own 85.80% of the company’s stock.

Analog Devices, Inc. (NASDAQ ADI) opened at $85.05 on Tuesday. Analog Devices, Inc. has a 1 year low of $74.65 and a 1 year high of $98.38. The company has a market cap of $31,278.53, a P/E ratio of 17.93, a P/E/G ratio of 1.55 and a beta of 1.28. 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 (NASDAQ:ADI) last announced its quarterly earnings data on Tuesday, November 21st. The semiconductor company reported $1.45 EPS for the quarter, beating 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 firm 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 firm posted $1.05 earnings per share. The firm’s revenue was up 53.4% on a year-over-year basis. equities analysts anticipate that Analog Devices, Inc. will post 5.2 EPS for the current fiscal year.

Several research analysts have recently weighed in on the stock. Stifel Nicolaus lifted their target price on shares of Analog Devices from $97.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, November 16th. BidaskClub raised shares of Analog Devices from a “hold” rating to a “buy” rating in a research report on Saturday, January 20th. B. Riley reissued a “buy” rating and issued a $113.00 target price (up from $110.00) on shares of Analog Devices in a research report on Thursday, November 16th. Jefferies Group reissued a “buy” rating and issued a $100.00 target price on shares of Analog Devices in a research report on Thursday, October 19th. Finally, Oppenheimer reissued a “buy” rating and issued a $100.00 target price on shares of Analog Devices in a research report on Friday, November 17th. Eleven analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. Analog Devices has a consensus rating of “Buy” and an average price target of $97.21.

In other Analog Devices news, SVP Margaret K. Seif sold 7,000 shares of the business’s stock in a transaction that occurred 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 of the company’s stock, valued at $1,805,754. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Joseph Hassett sold 18,400 shares of the business’s stock in a transaction that occurred on Thursday, December 14th. The stock was sold at an average price of $85.06, for a total transaction of $1,565,104.00. Following the completion of the sale, the senior vice president now directly owns 30,139 shares of the company’s stock, valued at $2,563,623.34. The disclosure for this sale can be found here. Insiders sold 186,061 shares of company stock valued at $16,163,741 over the last three months. Insiders own 0.70% of the company’s stock.

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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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