Traders sold shares of Analog Devices, Inc. (NASDAQ:ADI) on strength during trading on Monday. $24.92 million flowed into the stock on the tick-up and $63.54 million flowed out of the stock on the tick-down, for a money net flow of $38.62 million out of the stock. Of all stocks tracked, Analog Devices had the 13th highest net out-flow for the day. Analog Devices traded up $0.44 for the day and closed at $90.03

A number of research analysts have weighed in on the stock. B. Riley reissued a “buy” rating and issued a $110.00 target price on shares of Analog Devices in a research note on Sunday, August 27th. Drexel Hamilton reaffirmed a “buy” rating and set a $105.00 price target on shares of Analog Devices in a research report on Wednesday, August 30th. BidaskClub raised shares of Analog Devices from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Jefferies Group LLC reaffirmed a “buy” rating and set a $100.00 price target on shares of Analog Devices in a research report on Thursday, October 19th. Finally, Zacks Investment Research raised shares of Analog Devices from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research report on Tuesday, October 10th. Twelve analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. Analog Devices has a consensus rating of “Buy” and a consensus price target of $93.65.

The stock has a market capitalization of $32,939.35, a PE ratio of 20.93, a price-to-earnings-growth ratio of 1.74 and a beta of 1.32. The company has a current ratio of 1.99, a quick ratio of 1.52 and a debt-to-equity ratio of 0.83.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.11. Analog Devices had a net margin of 14.77% and a return on equity of 19.06%. The firm had revenue of $1.43 billion during the quarter, compared to analysts’ expectations of $1.40 billion. During the same period in the previous year, the company earned $0.82 earnings per share. Analog Devices’s quarterly revenue was up 64.9% compared to the same quarter last year. analysts anticipate that Analog Devices, Inc. will post 4.6 EPS for the current fiscal year.

In other news, SVP Peter Real sold 4,505 shares of the company’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $82.13, for a total value of $369,995.65. Following the completion of the sale, the senior vice president now directly owns 13,531 shares of the company’s stock, valued at $1,111,301.03. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Gregory N. Henderson sold 6,396 shares of the company’s stock in a transaction dated Thursday, August 31st. The shares were sold at an average price of $84.34, for a total transaction of $539,438.64. Following the completion of the sale, the senior vice president now directly owns 10,327 shares of the company’s stock, valued at $870,979.18. The disclosure for this sale can be found here. Over the last three months, insiders sold 135,994 shares of company stock valued at $11,604,048. 1.10% of the stock is owned by corporate insiders.

Large investors have recently made changes to their positions in the company. Boston Family Office LLC raised its holdings in Analog Devices by 37.9% during the second quarter. Boston Family Office LLC now owns 7,287 shares of the semiconductor company’s stock worth $567,000 after purchasing an additional 2,004 shares in the last quarter. Prospera Financial Services Inc raised its holdings in Analog Devices by 1.2% during the second quarter. Prospera Financial Services Inc now owns 21,196 shares of the semiconductor company’s stock worth $1,648,000 after purchasing an additional 253 shares in the last quarter. Captrust Financial Advisors purchased a new position in Analog Devices during the second quarter worth about $1,130,000. Trust Co. of Vermont raised its holdings in Analog Devices by 8.3% during the second quarter. Trust Co. of Vermont now owns 35,491 shares of the semiconductor company’s stock worth $2,762,000 after purchasing an additional 2,707 shares in the last quarter. Finally, Renaissance Technologies LLC raised its holdings in Analog Devices by 4.5% during the second quarter. Renaissance Technologies LLC now owns 2,207,893 shares of the semiconductor company’s stock worth $171,774,000 after purchasing an additional 94,804 shares in the last quarter. 86.42% of the stock is owned by institutional investors and hedge funds.

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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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