Slow Capital Inc. boosted its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 5.0% during the 2nd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 5,384 shares of the semiconductor company’s stock after buying an additional 254 shares during the quarter. Slow Capital Inc.’s holdings in Analog Devices were worth $608,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Dimensional Fund Advisors LP grew its position in shares of Analog Devices by 20.3% during the fourth quarter. Dimensional Fund Advisors LP now owns 1,792,028 shares of the semiconductor company’s stock worth $153,818,000 after buying an additional 302,982 shares in the last quarter. Geode Capital Management LLC grew its position in shares of Analog Devices by 7.5% during the fourth quarter. Geode Capital Management LLC now owns 4,950,995 shares of the semiconductor company’s stock worth $424,353,000 after buying an additional 346,998 shares in the last quarter. Quantitative Systematic Strategies LLC grew its position in shares of Analog Devices by 60.7% during the first quarter. Quantitative Systematic Strategies LLC now owns 12,177 shares of the semiconductor company’s stock worth $1,282,000 after buying an additional 4,598 shares in the last quarter. American Research & Management Co. grew its position in shares of Analog Devices by 1.1% during the first quarter. American Research & Management Co. now owns 121,043 shares of the semiconductor company’s stock worth $12,742,000 after buying an additional 1,376 shares in the last quarter. Finally, Argus Investors Counsel Inc. acquired a new position in shares of Analog Devices during the first quarter worth about $531,000. 89.73% of the stock is currently owned by hedge funds and other institutional investors.

ADI stock traded down $2.82 during trading on Wednesday, hitting $110.20. 58,952 shares of the company’s stock were exchanged, compared to its average volume of 2,717,514. The firm’s 50-day moving average price is $114.74. The firm has a market capitalization of $41.66 billion, a PE ratio of 18.56, a price-to-earnings-growth ratio of 1.70 and a beta of 1.41. Analog Devices, Inc. has a 52-week low of $76.62 and a 52-week high of $124.79. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.52 and a quick ratio of 1.08.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, May 22nd. The semiconductor company reported $1.36 earnings per share for the quarter, topping the consensus estimate of $1.30 by $0.06. The firm had revenue of $1.53 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Analog Devices had a return on equity of 19.17% and a net margin of 25.18%. The firm’s revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.45 earnings per share. On average, equities research analysts predict that Analog Devices, Inc. will post 5.24 EPS for the current year.

In other Analog Devices news, SVP Yusuf Jamal sold 31,867 shares of the business’s stock in a transaction that occurred on Thursday, May 23rd. The stock was sold at an average price of $98.19, for a total value of $3,129,020.73. Following the completion of the sale, the senior vice president now owns 2,124 shares in the company, valued at $208,555.56. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, SVP Steve Pietkiewicz sold 7,219 shares of the business’s stock in a transaction that occurred on Thursday, June 27th. The shares were sold at an average price of $113.03, for a total value of $815,963.57. Following the completion of the sale, the senior vice president now owns 29,870 shares of the company’s stock, valued at approximately $3,376,206.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 102,266 shares of company stock valued at $11,006,074. 0.50% of the stock is owned by company insiders.

ADI has been the subject of a number of analyst reports. Morgan Stanley lowered their price objective on Analog Devices from $100.00 to $97.00 and set an “equal weight” rating for the company in a research report on Thursday, May 23rd. ValuEngine raised Analog Devices from a “hold” rating to a “buy” rating in a research report on Tuesday, June 18th. Goldman Sachs Group raised Analog Devices from a “sell” rating to a “buy” rating and boosted their price objective for the stock from $101.00 to $114.00 in a research report on Monday, June 10th. SunTrust Banks lowered their price objective on Analog Devices to $122.00 and set a “buy” rating for the company in a research report on Thursday, May 23rd. Finally, Zacks Investment Research downgraded Analog Devices from a “hold” rating to a “strong sell” rating and set a $102.00 price objective for the company. in a research report on Wednesday, May 29th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have assigned a buy rating to the company’s stock. Analog Devices presently has an average rating of “Buy” and a consensus target price of $109.94.

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.

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

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