Rothschild Asset Management Inc. bought a new stake in Analog Devices, Inc. (NASDAQ:ADI) during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 218,172 shares of the semiconductor company’s stock, valued at approximately $20,927,000. Rothschild Asset Management Inc. owned approximately 0.06% of Analog Devices as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Washington Trust Bank lifted its stake in shares of Analog Devices by 127.7% in the second quarter. Washington Trust Bank now owns 1,070 shares of the semiconductor company’s stock valued at $103,000 after purchasing an additional 600 shares during the period. Integrated Investment Consultants LLC acquired a new stake in shares of Analog Devices in the second quarter valued at about $130,000. Clarus Wealth Advisors acquired a new stake in shares of Analog Devices in the second quarter valued at about $139,000. Summit Trail Advisors LLC lifted its stake in shares of Analog Devices by 6,966.6% in the first quarter. Summit Trail Advisors LLC now owns 147,410 shares of the semiconductor company’s stock valued at $147,000 after purchasing an additional 145,324 shares during the period. Finally, Massey Quick Simon & CO. LLC lifted its stake in shares of Analog Devices by 98.8% in the first quarter. Massey Quick Simon & CO. LLC now owns 1,660 shares of the semiconductor company’s stock valued at $151,000 after purchasing an additional 825 shares during the period. Hedge funds and other institutional investors own 88.03% of the company’s stock.

In other news, SVP Joseph Hassett sold 17,150 shares of the business’s stock in a transaction that occurred on Friday, June 1st. The shares were sold at an average price of $97.95, for a total value of $1,679,842.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Peter Real sold 4,595 shares of the business’s stock in a transaction that occurred on Wednesday, May 30th. The shares were sold at an average price of $93.07, for a total transaction of $427,656.65. Following the completion of the sale, the senior vice president now owns 18,195 shares of the company’s stock, valued at $1,693,408.65. The disclosure for this sale can be found here. In the last three months, insiders sold 80,050 shares of company stock valued at $7,712,311. Company insiders own 0.70% of the company’s stock.

Several analysts recently commented on the stock. BidaskClub cut shares of Analog Devices from a “hold” rating to a “sell” rating in a research note on Friday. Zacks Investment Research cut shares of Analog Devices from a “buy” rating to a “hold” rating in a research report on Tuesday, July 31st. Nomura assumed coverage on shares of Analog Devices in a research report on Wednesday, July 18th. They set a “neutral” rating and a $100.00 target price for the company. Loop Capital assumed coverage on shares of Analog Devices in a research report on Thursday, June 21st. They set a “buy” rating and a $117.00 target price for the company. Finally, Morgan Stanley lifted their target price on shares of Analog Devices from $108.00 to $110.00 and gave the stock an “overweight” rating in a research report on Thursday, May 31st. One investment analyst has rated the stock with a sell rating, eight have issued a hold rating and eighteen have given a buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus price target of $104.63.

NASDAQ:ADI opened at $94.58 on Friday. The company has a quick ratio of 1.14, a current ratio of 1.53 and a debt-to-equity ratio of 0.65. The company has a market capitalization of $35.21 billion, a PE ratio of 20.04, a PEG ratio of 1.32 and a beta of 1.21. Analog Devices, Inc. has a 1-year low of $76.95 and a 1-year high of $103.59.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, May 30th. The semiconductor company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.08. The business had revenue of $1.51 billion during the quarter, compared to analyst estimates of $1.47 billion. Analog Devices had a net margin of 17.72% and a return on equity of 20.34%. The company’s revenue was up 31.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.03 earnings per share. research analysts anticipate that Analog Devices, Inc. will post 5.8 earnings per share for the current fiscal year.

About Analog Devices

Analog Devices, Inc designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits (ICs), algorithms, software, and subsystems. It offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency ICs to support cellular infrastructure.

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

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