Tdam USA Inc. lowered its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 1.6% during the second quarter, according to its most recent disclosure with the SEC. The institutional investor owned 53,408 shares of the semiconductor company’s stock after selling 865 shares during the period. Tdam USA Inc.’s holdings in Analog Devices were worth $4,152,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in ADI. Chevy Chase Trust Holdings Inc. boosted its position in shares of Analog Devices by 21.8% in the first quarter. Chevy Chase Trust Holdings Inc. now owns 313,944 shares of the semiconductor company’s stock worth $25,727,000 after buying an additional 56,244 shares during the last quarter. CENTRAL TRUST Co boosted its position in shares of Analog Devices by 7.5% in the first quarter. CENTRAL TRUST Co now owns 2,333 shares of the semiconductor company’s stock worth $191,000 after buying an additional 162 shares during the last quarter. Catawba Capital Management VA boosted its position in shares of Analog Devices by 3.0% in the first quarter. Catawba Capital Management VA now owns 4,011 shares of the semiconductor company’s stock worth $329,000 after buying an additional 116 shares during the last quarter. Creative Planning boosted its position in shares of Analog Devices by 33.0% in the first quarter. Creative Planning now owns 11,776 shares of the semiconductor company’s stock worth $965,000 after buying an additional 2,919 shares during the last quarter. Finally, Exxonmobil Investment Management Inc. TX boosted its position in shares of Analog Devices by 13.3% in the first quarter. Exxonmobil Investment Management Inc. TX now owns 80,822 shares of the semiconductor company’s stock worth $6,623,000 after buying an additional 9,491 shares during the last quarter. 87.76% of the stock is owned by institutional investors and hedge funds.

Analog Devices, Inc. (NASDAQ ADI) opened at 77.78 on Monday. Analog Devices, Inc. has a 52-week low of $59.01 and a 52-week high of $90.49. The stock has a market capitalization of $28.55 billion, a price-to-earnings ratio of 29.79 and a beta of 1.30. The stock’s 50 day moving average price is $79.61 and its 200 day moving average price is $79.52.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, May 31st. The semiconductor company reported $1.03 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.18. Analog Devices had a net margin of 20.88% and a return on equity of 19.39%. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. During the same period in the previous year, the company earned $0.64 EPS. The business’s quarterly revenue was up 41.2% compared to the same quarter last year. On average, analysts forecast that Analog Devices, Inc. will post $4.37 EPS for the current year.

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ADI has been the subject of a number of research analyst reports. Stephens raised Analog Devices from an “equal weight” rating to an “overweight” rating in a report on Monday, April 24th. Morgan Stanley reissued an “overweight” rating and set a $93.00 target price on shares of Analog Devices in a report on Tuesday, May 9th. Zacks Investment Research cut Analog Devices from a “strong-buy” rating to a “hold” rating in a report on Monday, May 15th. Jefferies Group LLC reissued a “buy” rating and set a $100.00 target price on shares of Analog Devices in a report on Monday, May 22nd. Finally, Credit Suisse Group reissued a “buy” rating and set a $100.00 target price on shares of Analog Devices in a report on Friday, May 26th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Analog Devices has an average rating of “Buy” and a consensus target price of $89.92.

In related news, Director Bruce R. Evans acquired 14,000 shares of the stock in a transaction dated Friday, July 7th. The stock was bought at an average cost of $78.28 per share, with a total value of $1,095,920.00. Following the purchase, the director now directly owns 67,540 shares of the company’s stock, valued at $5,287,031.20. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, SVP Margaret K. Seif sold 3,000 shares of the business’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $81.54, for a total transaction of $244,620.00. Following the sale, the senior vice president now directly owns 20,404 shares of the company’s stock, valued at $1,663,742.16. The disclosure for this sale can be found here. Insiders have sold a total of 61,086 shares of company stock valued at $5,202,514 over the last three months. Corporate insiders own 1.10% of the company’s stock.

Analog Devices Company 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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