Fayerweather Charles decreased its position in Analog Devices, Inc. (NASDAQ:ADI) by 8.3% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 13,625 shares of the semiconductor company’s stock after selling 1,237 shares during the period. Analog Devices accounts for approximately 2.7% of Fayerweather Charles’ investment portfolio, making the stock its 16th largest position. Fayerweather Charles’ holdings in Analog Devices were worth $1,522,000 at the end of the most recent quarter.

Several other institutional investors have also recently bought and sold shares of ADI. Vanguard Group Inc. lifted its holdings in shares of Analog Devices by 1.6% in the 2nd quarter. Vanguard Group Inc. now owns 31,611,473 shares of the semiconductor company’s stock worth $3,567,986,000 after acquiring an additional 506,468 shares during the last quarter. Wells Fargo & Company MN lifted its holdings in shares of Analog Devices by 3.6% in the 2nd quarter. Wells Fargo & Company MN now owns 7,579,610 shares of the semiconductor company’s stock worth $855,510,000 after acquiring an additional 260,484 shares during the last quarter. Price T Rowe Associates Inc. MD lifted its holdings in shares of Analog Devices by 164.2% in the 2nd quarter. Price T Rowe Associates Inc. MD now owns 5,636,929 shares of the semiconductor company’s stock worth $636,240,000 after acquiring an additional 3,502,958 shares during the last quarter. Bank of New York Mellon Corp lifted its holdings in shares of Analog Devices by 3.0% in the 2nd quarter. Bank of New York Mellon Corp now owns 2,937,825 shares of the semiconductor company’s stock worth $331,591,000 after acquiring an additional 84,299 shares during the last quarter. Finally, Nuveen Asset Management LLC lifted its holdings in shares of Analog Devices by 1,516.0% in the 2nd quarter. Nuveen Asset Management LLC now owns 2,017,417 shares of the semiconductor company’s stock worth $227,706,000 after acquiring an additional 1,892,575 shares during the last quarter. 87.58% of the stock is owned by institutional investors and hedge funds.

Shares of NASDAQ ADI traded up $0.73 during mid-day trading on Friday, reaching $113.02. The company had a trading volume of 1,123,900 shares, compared to its average volume of 2,551,889. The company has a current ratio of 1.35, a quick ratio of 0.92 and a debt-to-equity ratio of 0.45. The firm has a 50 day simple moving average of $110.59 and a two-hundred day simple moving average of $110.39. The stock has a market cap of $41.91 billion, a P/E ratio of 19.03, a PEG ratio of 2.05 and a beta of 1.42. Analog Devices, Inc. has a 52-week low of $80.08 and a 52-week high of $124.79.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, August 21st. The semiconductor company reported $1.26 EPS for the quarter, beating the Zacks’ consensus estimate of $1.22 by $0.04. The firm had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.46 billion. Analog Devices had a net margin of 24.71% and a return on equity of 17.87%. The company’s revenue was down 5.0% on a year-over-year basis. During the same period last year, the firm posted $1.53 EPS. On average, equities analysts expect that Analog Devices, Inc. will post 5.2 EPS for the current year.

In other news, SVP Joseph Hassett sold 10,544 shares of Analog Devices stock in a transaction dated Friday, September 13th. The shares were sold at an average price of $116.72, for a total value of $1,230,695.68. Following the sale, the senior vice president now owns 34,360 shares of the company’s stock, valued at $4,010,499.20. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $108.96, for a total transaction of $1,089,600.00. Following the completion of the sale, the chief executive officer now directly owns 31,206 shares in the company, valued at approximately $3,400,205.76. The disclosure for this sale can be found here. Insiders sold a total of 53,362 shares of company stock worth $5,780,793 over the last ninety days. Insiders own 0.50% of the company’s stock.

A number of equities research analysts have issued reports on ADI shares. Morgan Stanley increased their target price on shares of Analog Devices from $97.00 to $100.00 and gave the stock an “equal weight” rating in a report on Thursday, August 22nd. Loop Capital increased their target price on shares of Analog Devices to $125.00 and gave the stock a “buy” rating in a report on Friday, September 27th. ValuEngine lowered shares of Analog Devices from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Raymond James upgraded shares of Analog Devices from a “market perform” rating to an “outperform” rating and set a $120.00 target price on the stock in a report on Wednesday, October 30th. Finally, Barclays upgraded shares of Analog Devices from an “equal weight” rating to an “overweight” rating and increased their target price for the stock from $105.00 to $130.00 in a report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the stock. The company presently has an average rating of “Buy” and an average price target of $114.33.

Analog Devices Company 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.

Featured Article: What are the benefits of a balanced fund?

Want to see what other hedge funds are holding ADI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Analog Devices, Inc. (NASDAQ:ADI).

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

Receive News & Ratings for Analog Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Analog Devices and related companies with MarketBeat.com's FREE daily email newsletter.