Ashfield Capital Partners LLC trimmed its position in Analog Devices, Inc. (NASDAQ:ADI) by 3.9% in the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 110,144 shares of the semiconductor company’s stock after selling 4,447 shares during the period. Analog Devices accounts for 1.3% of Ashfield Capital Partners LLC’s investment portfolio, making the stock its 21st biggest position. Ashfield Capital Partners LLC’s holdings in Analog Devices were worth $9,491,000 at the end of the most recent quarter.

Other large investors have also recently made changes to their positions in the company. Boston Family Office LLC boosted its holdings in Analog Devices by 37.9% in the 2nd quarter. Boston Family Office LLC now owns 7,287 shares of the semiconductor company’s stock valued at $567,000 after purchasing an additional 2,004 shares during the period. Prospera Financial Services Inc boosted its holdings in Analog Devices by 1.2% in the 2nd quarter. Prospera Financial Services Inc now owns 21,196 shares of the semiconductor company’s stock valued at $1,648,000 after purchasing an additional 253 shares during the period. Captrust Financial Advisors bought a new position in Analog Devices in the 2nd quarter valued at $1,130,000. Renaissance Technologies LLC boosted its holdings in Analog Devices by 4.5% in the 2nd quarter. Renaissance Technologies LLC now owns 2,207,893 shares of the semiconductor company’s stock valued at $171,774,000 after purchasing an additional 94,804 shares during the period. Finally, Dupont Capital Management Corp raised its position in shares of Analog Devices by 34.2% during the 2nd quarter. Dupont Capital Management Corp now owns 14,481 shares of the semiconductor company’s stock valued at $1,127,000 after buying an additional 3,690 shares in the last quarter. 86.42% of the stock is owned by hedge funds and other institutional investors.

Several analysts have recently weighed in on the stock. B. Riley restated a “buy” rating and set a $110.00 price objective on shares of Analog Devices in a research report on Sunday, August 27th. Stifel Nicolaus raised their price objective on shares of Analog Devices from $97.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday. Drexel Hamilton restated a “buy” rating and set a $105.00 price objective on shares of Analog Devices in a research report on Wednesday, August 30th. BidaskClub upgraded shares of Analog Devices from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, Jefferies Group LLC restated a “buy” rating and set a $100.00 price objective on shares of Analog Devices in a research report on Thursday, October 19th. Twelve investment analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has given a strong buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus price target of $93.69.

In other news, SVP Margaret K. Seif sold 3,000 shares of Analog Devices stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $77.81, for a total transaction of $233,430.00. Following the sale, the senior vice president now owns 20,404 shares of the company’s stock, valued at approximately $1,587,635.24. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ray Stata sold 25,000 shares of Analog Devices stock in a transaction dated Friday, September 15th. The shares were sold at an average price of $83.50, for a total transaction of $2,087,500.00. Following the sale, the director now directly owns 234,481 shares in the company, valued at approximately $19,579,163.50. The disclosure for this sale can be found here. Insiders have sold a total of 135,994 shares of company stock worth $11,604,048 in the last ninety days. Insiders own 1.10% of the company’s stock.

Shares of Analog Devices, Inc. (NASDAQ:ADI) traded up $1.46 on Thursday, hitting $90.62. 600,066 shares of the stock were exchanged, compared to its average volume of 2,932,187. The company has a market cap of $33,080.00, a price-to-earnings ratio of 21.13, a price-to-earnings-growth ratio of 1.76 and a beta of 1.32. The company has a debt-to-equity ratio of 0.83, a current ratio of 1.99 and a quick ratio of 1.52. Analog Devices, Inc. has a 52-week low of $67.38 and a 52-week high of $92.96.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.11. The firm had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. Analog Devices had a net margin of 14.77% and a return on equity of 19.06%. The company’s revenue for the quarter was up 64.9% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.82 EPS. sell-side analysts expect that Analog Devices, Inc. will post 4.62 earnings per share for the current fiscal year.

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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.

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

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