Keybank National Association OH trimmed its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 4.5% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 17,197 shares of the semiconductor company’s stock after selling 804 shares during the period. Keybank National Association OH’s holdings in Analog Devices were worth $1,482,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also modified their holdings of the business. Boston Family Office LLC boosted its holdings in shares of Analog Devices by 37.9% in the 2nd quarter. Boston Family Office LLC now owns 7,287 shares of the semiconductor company’s stock valued at $567,000 after buying an additional 2,004 shares in the last quarter. Prospera Financial Services Inc boosted its holdings in shares of Analog Devices by 1.2% in the 2nd quarter. Prospera Financial Services Inc now owns 21,196 shares of the semiconductor company’s stock valued at $1,648,000 after buying an additional 253 shares in the last quarter. Captrust Financial Advisors bought a new stake in shares of Analog Devices in the 2nd quarter valued at about $1,130,000. Trust Co. of Vermont boosted its holdings in shares of Analog Devices by 8.3% in the 2nd quarter. Trust Co. of Vermont now owns 35,491 shares of the semiconductor company’s stock valued at $2,762,000 after buying an additional 2,707 shares in the last quarter. Finally, Renaissance Technologies LLC boosted its holdings in shares of Analog Devices by 4.5% in the 2nd quarter. Renaissance Technologies LLC now owns 2,207,893 shares of the semiconductor company’s stock valued at $171,774,000 after buying an additional 94,804 shares in the last quarter. Institutional investors own 86.42% of the company’s stock.

ADI has been the subject of several research analyst reports. BidaskClub raised shares of Analog Devices from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Drexel Hamilton reaffirmed a “buy” rating and issued a $105.00 price objective on shares of Analog Devices in a research report on Wednesday, August 30th. Jefferies Group LLC reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Analog Devices in a research report on Thursday, October 19th. Citigroup Inc. reaffirmed a “neutral” rating and issued a $88.00 price objective (down from $91.00) on shares of Analog Devices in a research report on Friday, September 1st. Finally, Zacks Investment Research raised shares of Analog Devices from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a research report on Tuesday, October 10th. Twelve research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $93.65.

In other Analog Devices news, SVP Margaret K. Seif sold 3,000 shares of Analog Devices stock in a transaction on Monday, August 21st. The shares were sold at an average price of $77.81, for a total transaction of $233,430.00. Following the sale, the senior vice president now owns 20,404 shares of the company’s stock, valued at approximately $1,587,635.24. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Peter Real sold 4,505 shares of Analog Devices stock in a transaction on Wednesday, August 30th. The stock was sold at an average price of $82.13, for a total transaction of $369,995.65. Following the sale, the senior vice president now directly owns 13,531 shares in the company, valued at approximately $1,111,301.03. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 135,994 shares of company stock worth $11,604,048. 1.10% of the stock is currently owned by corporate insiders.

Shares of Analog Devices, Inc. (ADI) opened at $89.59 on Monday. Analog Devices, Inc. has a one year low of $64.11 and a one year high of $92.96. The stock has a market cap of $32,940.00, a price-to-earnings ratio of 20.93, a P/E/G ratio of 1.74 and a beta of 1.32. The company has a quick ratio of 1.52, a current ratio of 1.99 and a debt-to-equity ratio of 0.83.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share (EPS) 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 for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter last year, the company earned $0.82 EPS. The firm’s revenue for the quarter was up 64.9% compared to the same quarter last year. equities analysts expect that Analog Devices, Inc. will post 4.6 earnings per share for the current fiscal year.

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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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