Regal Investment Advisors LLC purchased a new stake in Analog Devices, Inc. (NASDAQ:ADI) during the 3rd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 23,751 shares of the semiconductor company’s stock, valued at approximately $2,047,000.

Other hedge funds have also added to or reduced their stakes in the company. Boston Family Office LLC grew its stake in shares of Analog Devices by 37.9% in the second quarter. Boston Family Office LLC now owns 7,287 shares of the semiconductor company’s stock valued at $567,000 after acquiring an additional 2,004 shares in the last quarter. Captrust Financial Advisors bought a new stake in Analog Devices during the second quarter worth about $1,130,000. Renaissance Technologies LLC lifted its position in Analog Devices by 4.5% during the second quarter. Renaissance Technologies LLC now owns 2,207,893 shares of the semiconductor company’s stock worth $171,774,000 after purchasing an additional 94,804 shares during the period. Dupont Capital Management Corp lifted its position in Analog Devices by 34.2% during the second quarter. Dupont Capital Management Corp now owns 14,481 shares of the semiconductor company’s stock worth $1,127,000 after purchasing an additional 3,690 shares during the period. Finally, ZWJ Investment Counsel Inc. bought a new stake in Analog Devices during the second quarter worth about $412,000. Institutional investors and hedge funds own 86.42% of the company’s stock.

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ADI has been the subject of several recent analyst reports. Royal Bank Of Canada upped their price objective on shares of Analog Devices from $92.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, August 31st. Zacks Investment Research raised shares of Analog Devices from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a research report on Tuesday, October 10th. BidaskClub raised shares of Analog Devices from a “hold” rating to a “buy” rating in a research report on Saturday, September 2nd. Drexel Hamilton reaffirmed a “buy” rating and set a $105.00 price objective on shares of Analog Devices in a research report on Wednesday, August 30th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $96.00 price objective on shares of Analog Devices in a research report on Thursday, August 31st. Twelve analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. Analog Devices presently has an average rating of “Buy” and an average price target of $93.69.

In other news, Director James Champy sold 12,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 24th. The shares were sold at an average price of $90.00, for a total transaction of $1,125,000.00. Following the completion of the sale, the director now owns 21,910 shares of the company’s stock, valued at approximately $1,971,900. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Peter Real sold 4,505 shares of the firm’s stock in a transaction that occurred on Wednesday, August 30th. The stock was sold at an average price of $82.13, for a total transaction of $369,995.65. Following the sale, the senior vice president now directly owns 13,531 shares of the company’s stock, valued at approximately $1,111,301.03. The disclosure for this sale can be found here. Insiders have sold a total of 135,994 shares of company stock valued at $11,604,048 in the last three months. Insiders own 1.10% of the company’s stock.

Analog Devices, Inc. (NASDAQ:ADI) traded down $0.06 during trading hours on Friday, reaching $90.42. 2,213,593 shares of the company’s stock were exchanged, compared to its average volume of 1,947,478. The firm has a market cap of $33,244.54, a P/E ratio of 21.13, a PEG 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 twelve month low of $67.62 and a twelve month high of $92.96.

Analog Devices (NASDAQ:ADI) last released 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 business had revenue of $1.43 billion during the quarter, compared to the consensus estimate 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 prior year, the firm posted $0.82 EPS. research analysts expect that Analog Devices, Inc. will post 4.62 EPS for the current fiscal year.

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.

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

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