DekaBank Deutsche Girozentrale reduced its position in Analog Devices, Inc. (NASDAQ:ADI) by 30.0% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 34,830 shares of the semiconductor company’s stock after selling 14,909 shares during the period. DekaBank Deutsche Girozentrale’s holdings in Analog Devices were worth $2,802,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. YorkBridge Wealth Partners LLC raised its stake in shares of Analog Devices by 0.3% in the first quarter. YorkBridge Wealth Partners LLC now owns 3,753 shares of the semiconductor company’s stock valued at $283,000 after buying an additional 11 shares during the period. King Luther Capital Management Corp raised its stake in shares of Analog Devices by 0.9% in the first quarter. King Luther Capital Management Corp now owns 3,722 shares of the semiconductor company’s stock valued at $305,000 after buying an additional 32 shares during the period. CENTRAL TRUST Co raised its stake in shares of Analog Devices by 1.4% in the second quarter. CENTRAL TRUST Co now owns 2,365 shares of the semiconductor company’s stock valued at $184,000 after buying an additional 32 shares during the period. Osborn Williams & Donohoe LLC raised its stake in shares of Analog Devices by 1.2% in the second quarter. Osborn Williams & Donohoe LLC now owns 2,834 shares of the semiconductor company’s stock valued at $220,000 after buying an additional 34 shares during the period. Finally, Smith Salley & Associates raised its stake in shares of Analog Devices by 1.1% in the second quarter. Smith Salley & Associates now owns 3,878 shares of the semiconductor company’s stock valued at $302,000 after buying an additional 42 shares during the period. Institutional investors and hedge funds own 86.67% of the company’s stock.

Shares of Analog Devices, Inc. (NASDAQ ADI) opened at 77.74 on Friday. Analog Devices, Inc. has a one year low of $59.01 and a one year high of $90.49. The firm’s 50-day moving average price is $79.05 and its 200 day moving average price is $79.82. The firm has a market cap of $28.53 billion, a P/E ratio of 29.77 and a beta of 1.30.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, May 31st. The semiconductor company reported $1.03 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.85 by $0.18. The firm had revenue of $1.10 billion during the quarter, compared to the consensus estimate of $1.10 billion. Analog Devices had a return on equity of 19.39% and a net margin of 20.88%. The business’s revenue for the quarter was up 41.2% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.64 EPS. Analysts predict that Analog Devices, Inc. will post $4.37 EPS for the current year.

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Several equities research analysts have issued reports on ADI shares. Stephens raised shares of Analog Devices from an “equal weight” rating to an “overweight” rating in a report on Monday, April 24th. Morgan Stanley reaffirmed an “overweight” rating and issued a $93.00 target price on shares of Analog Devices in a report on Tuesday, May 9th. Zacks Investment Research lowered shares of Analog Devices from a “strong-buy” rating to a “hold” rating in a report on Monday, May 15th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $100.00 target price on shares of Analog Devices in a report on Monday, May 22nd. Finally, Credit Suisse Group reaffirmed a “buy” rating and issued a $100.00 target price on shares of Analog Devices in a report on Friday, May 26th. Two analysts have rated the stock with a sell rating, ten have given a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The company presently has a consensus rating of “Buy” and a consensus target price of $89.92.

In other Analog Devices news, SVP Peter Real sold 4,505 shares of the company’s stock in a transaction on Friday, July 21st. The stock was sold at an average price of $80.07, for a total value of $360,715.35. Following the completion of the transaction, the senior vice president now owns 13,531 shares in the company, valued at approximately $1,083,427.17. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Vincent Roche sold 47,500 shares of the company’s stock in a transaction on Wednesday, May 31st. The shares were sold at an average price of $86.50, for a total value of $4,108,750.00. Following the completion of the transaction, the chief executive officer now owns 61,484 shares of the company’s stock, valued at approximately $5,318,366. The disclosure for this sale can be found here. Insiders sold a total of 61,086 shares of company stock valued at $5,202,514 in the last 90 days. Corporate insiders own 1.10% of the company’s stock.

Analog Devices Company 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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