New Mexico Educational Retirement Board decreased its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 7.6% during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 34,091 shares of the semiconductor company’s stock after selling 2,800 shares during the period. New Mexico Educational Retirement Board’s holdings in Analog Devices were worth $2,694,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. YorkBridge Wealth Partners LLC boosted its position in Analog Devices by 0.3% in the first quarter. YorkBridge Wealth Partners LLC now owns 3,753 shares of the semiconductor company’s stock worth $283,000 after buying an additional 11 shares during the last quarter. King Luther Capital Management Corp boosted its position in Analog Devices by 0.9% in the first quarter. King Luther Capital Management Corp now owns 3,722 shares of the semiconductor company’s stock worth $305,000 after buying an additional 32 shares during the last quarter. CENTRAL TRUST Co boosted its position in Analog Devices by 1.4% in the second quarter. CENTRAL TRUST Co now owns 2,365 shares of the semiconductor company’s stock worth $184,000 after buying an additional 32 shares during the last quarter. Osborn Williams & Donohoe LLC boosted its position in Analog Devices by 1.2% in the second quarter. Osborn Williams & Donohoe LLC now owns 2,834 shares of the semiconductor company’s stock worth $220,000 after buying an additional 34 shares during the last quarter. Finally, Smith Salley & Associates boosted its position in Analog Devices by 1.1% in the second quarter. Smith Salley & Associates now owns 3,878 shares of the semiconductor company’s stock worth $302,000 after buying an additional 42 shares during the last quarter. 87.76% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Analog Devices, Inc. (NASDAQ ADI) opened at 77.98 on Thursday. Analog Devices, Inc. has a 1-year low of $59.01 and a 1-year high of $90.49. The firm has a 50-day moving average price of $79.29 and a 200-day moving average price of $79.67. The company has a market cap of $28.62 billion, a P/E ratio of 29.87 and a beta of 1.30.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Wednesday, May 31st. The semiconductor company reported $1.03 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.85 by $0.18. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. Analog Devices had a return on equity of 19.39% and a net margin of 20.88%. Analog Devices’s revenue for the quarter was up 41.2% on a year-over-year basis. During the same quarter in the prior year, the business posted $0.64 earnings per share. On average, equities analysts expect that Analog Devices, Inc. will post $4.37 EPS for the current year.

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A number of research firms have recently weighed in on ADI. B. Riley reaffirmed a “buy” rating and set a $103.00 price objective on shares of Analog Devices in a research report on Tuesday, May 30th. UBS AG reissued a “neutral” rating and issued a $94.00 price target (up from $83.00) on shares of Analog Devices in a report on Saturday, June 3rd. Jefferies Group LLC reissued a “buy” rating and issued a $100.00 price target on shares of Analog Devices in a report on Monday, May 22nd. Stephens raised Analog Devices from an “equal weight” rating to an “overweight” rating in a report on Monday, April 24th. Finally, BidaskClub cut Analog Devices from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Three equities research analysts have rated the stock with a sell rating, nine have issued a hold rating, seventeen have issued a buy rating and one has given a strong buy rating to the company. The company has an average rating of “Buy” and a consensus target price of $89.92.

In other news, SVP Margaret K. Seif sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, May 22nd. The stock was sold at an average price of $81.54, for a total value of $244,620.00. Following the transaction, the senior vice president now owns 20,404 shares in the company, valued at $1,663,742.16. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP Peter Real sold 4,505 shares of the firm’s stock in a transaction that occurred on Friday, July 21st. The shares were sold at an average price of $80.07, for a total value of $360,715.35. Following the completion of the transaction, the senior vice president now owns 13,531 shares in the company, valued at approximately $1,083,427.17. The disclosure for this sale can be found here. Insiders have sold 61,086 shares of company stock worth $5,202,514 in the last quarter. 1.10% of the stock is currently owned by company insiders.

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

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