Schwab Charles Investment Management Inc. raised its stake in Analog Devices, Inc. (NASDAQ:ADI) by 10.7% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 1,713,609 shares of the semiconductor company’s stock after buying an additional 165,440 shares during the period. Schwab Charles Investment Management Inc.’s holdings in Analog Devices were worth $133,319,000 at the end of the most recent reporting period.

Several other institutional investors have also bought and sold shares of ADI. BlackRock Inc. increased its position in shares of Analog Devices by 3,292.7% in the first quarter. BlackRock Inc. now owns 23,045,295 shares of the semiconductor company’s stock worth $1,888,562,000 after buying an additional 22,366,040 shares during the period. Vanguard Group Inc. increased its position in shares of Analog Devices by 24.3% in the first quarter. Vanguard Group Inc. now owns 28,205,340 shares of the semiconductor company’s stock worth $2,311,428,000 after buying an additional 5,506,925 shares during the period. First Eagle Investment Management LLC increased its position in shares of Analog Devices by 84.6% in the first quarter. First Eagle Investment Management LLC now owns 6,520,656 shares of the semiconductor company’s stock worth $534,368,000 after buying an additional 2,987,637 shares during the period. FMR LLC increased its position in shares of Analog Devices by 52.2% in the first quarter. FMR LLC now owns 7,757,023 shares of the semiconductor company’s stock worth $635,689,000 after buying an additional 2,661,277 shares during the period. Finally, State Street Corp increased its position in shares of Analog Devices by 20.0% in the first quarter. State Street Corp now owns 14,958,586 shares of the semiconductor company’s stock worth $1,225,852,000 after buying an additional 2,493,568 shares during the period. 87.76% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Analog Devices, Inc. (ADI) opened at 78.04 on Friday. The stock has a market cap of $28.64 billion, a P/E ratio of 29.89 and a beta of 1.30. The company has a 50-day moving average of $79.11 and a 200 day moving average of $79.68. Analog Devices, Inc. has a 52-week low of $59.01 and a 52-week high of $90.49.

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

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A number of equities analysts have commented on ADI shares. Stephens raised shares of Analog Devices from an “equal weight” rating to an “overweight” rating in a research note on Monday, April 24th. Morgan Stanley reaffirmed an “overweight” rating and set a $93.00 target price on shares of Analog Devices in a research note on Tuesday, May 9th. Zacks Investment Research downgraded shares of Analog Devices from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 15th. Jefferies Group LLC reaffirmed a “buy” rating and set a $100.00 target price on shares of Analog Devices in a research note on Monday, May 22nd. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $100.00 target price on shares of Analog Devices in a research note on Friday, May 26th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, seventeen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $89.92.

In other Analog Devices news, CEO Vincent Roche sold 47,500 shares of the firm’s stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $86.50, for a total value of $4,108,750.00. Following the sale, the chief executive officer now directly owns 61,484 shares in the company, valued at $5,318,366. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Margaret K. Seif sold 3,000 shares of the firm’s stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $81.54, for a total value of $244,620.00. Following the completion of the sale, the senior vice president now owns 20,404 shares in the company, valued at $1,663,742.16. The disclosure for this sale can be found here. In the last ninety days, insiders sold 61,086 shares of company stock valued at $5,202,514. 1.10% of the stock is currently owned by corporate insiders.

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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