Factory Mutual Insurance Co. decreased its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 1.4% in the 4th quarter, Holdings Channel reports. The firm owned 630,182 shares of the semiconductor company’s stock after selling 8,900 shares during the quarter. Factory Mutual Insurance Co.’s holdings in Analog Devices were worth $56,105,000 as of its most recent SEC filing.

A number of other hedge funds have also bought and sold shares of the stock. Neuberger Berman Group LLC lifted its stake in Analog Devices by 97.4% in the third quarter. Neuberger Berman Group LLC now owns 4,303,569 shares of the semiconductor company’s stock valued at $370,839,000 after buying an additional 2,123,268 shares during the last quarter. Janus Henderson Group PLC lifted its stake in Analog Devices by 576.1% in the second quarter. Janus Henderson Group PLC now owns 1,785,372 shares of the semiconductor company’s stock valued at $138,903,000 after buying an additional 1,521,316 shares during the last quarter. Prudential PLC lifted its stake in Analog Devices by 23,301.9% in the second quarter. Prudential PLC now owns 1,304,189 shares of the semiconductor company’s stock valued at $101,466,000 after buying an additional 1,298,616 shares during the last quarter. FMR LLC lifted its stake in Analog Devices by 14.6% in the second quarter. FMR LLC now owns 8,889,572 shares of the semiconductor company’s stock valued at $691,608,000 after buying an additional 1,132,549 shares during the last quarter. Finally, Vanguard Group Inc. lifted its stake in Analog Devices by 3.0% in the second quarter. Vanguard Group Inc. now owns 29,053,102 shares of the semiconductor company’s stock valued at $2,260,331,000 after buying an additional 847,762 shares during the last quarter. Hedge funds and other institutional investors own 87.08% of the company’s stock.

Analog Devices, Inc. (NASDAQ ADI) traded up $0.83 on Tuesday, reaching $92.02. The company’s stock had a trading volume of 3,175,700 shares, compared to its average volume of 2,274,789. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.13 and a current ratio of 1.47. The stock has a market capitalization of $34,350.00, a P/E ratio of 46.47, a price-to-earnings-growth ratio of 1.70 and a beta of 1.29. Analog Devices, Inc. has a one year low of $71.85 and a one year high of $93.99.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 EPS for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.09. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.50 billion. Analog Devices had a return on equity of 18.78% and a net margin of 14.22%. Analog Devices’s quarterly revenue was up 53.4% compared to the same quarter last year. During the same period in the previous year, the business earned $1.05 earnings per share. equities analysts anticipate that Analog Devices, Inc. will post 5.2 EPS for the current fiscal year.

In other news, Director Ray Stata sold 10,000 shares of the company’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $91.70, for a total value of $917,000.00. Following the sale, the director now directly owns 179,481 shares in the company, valued at $16,458,407.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Gregory N. Henderson sold 4,000 shares of the company’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $91.52, for a total value of $366,080.00. Following the completion of the sale, the senior vice president now owns 1,163 shares in the company, valued at $106,437.76. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 178,566 shares of company stock worth $15,473,748. 1.10% of the stock is owned by company insiders.

ADI has been the subject of a number of research reports. Zacks Investment Research upgraded Analog Devices from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a research note on Tuesday, October 10th. B. Riley reiterated a “buy” rating and issued a $113.00 price objective (up previously from $110.00) on shares of Analog Devices in a research note on Thursday, November 16th. Oppenheimer reiterated a “buy” rating and issued a $100.00 price objective on shares of Analog Devices in a research note on Friday, November 17th. Stifel Nicolaus boosted their price objective on Analog Devices from $97.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, November 16th. Finally, Morgan Stanley reiterated an “overweight” rating and issued a $98.00 price objective on shares of Analog Devices in a research note on Wednesday, September 20th. Twelve analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and a consensus price target of $97.21.

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Analog Devices 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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