Anchor Capital Advisors LLC trimmed its position in Analog Devices, Inc. (NASDAQ:ADI) by 2.4% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 569,982 shares of the semiconductor company’s stock after selling 13,727 shares during the quarter. Analog Devices accounts for 1.8% of Anchor Capital Advisors LLC’s holdings, making the stock its 6th largest holding. Anchor Capital Advisors LLC’s holdings in Analog Devices were worth $50,745,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ADI. JPMorgan Chase & Co. grew its stake in shares of Analog Devices by 1.3% during the third quarter. JPMorgan Chase & Co. now owns 16,692,851 shares of the semiconductor company’s stock worth $1,429,574,000 after buying an additional 213,714 shares during the last quarter. Wells Fargo & Company MN grew its stake in shares of Analog Devices by 0.3% during the third quarter. Wells Fargo & Company MN now owns 8,742,697 shares of the semiconductor company’s stock worth $753,358,000 after buying an additional 25,092 shares during the last quarter. Neuberger Berman Group LLC grew its stake in shares of Analog Devices by 97.4% during the third quarter. Neuberger Berman Group LLC now owns 4,303,569 shares of the semiconductor company’s stock worth $370,839,000 after buying an additional 2,123,268 shares during the last quarter. First Eagle Investment Management LLC grew its stake in shares of Analog Devices by 13.7% during the third quarter. First Eagle Investment Management LLC now owns 3,654,773 shares of the semiconductor company’s stock worth $314,932,000 after buying an additional 439,675 shares during the last quarter. Finally, Bank of New York Mellon Corp grew its stake in shares of Analog Devices by 0.7% during the third quarter. Bank of New York Mellon Corp now owns 3,084,108 shares of the semiconductor company’s stock worth $265,757,000 after buying an additional 22,001 shares during the last quarter. 86.20% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Ray Stata sold 10,000 shares of the company’s stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $91.70, for a total transaction of $917,000.00. Following the transaction, the director now 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 is available through the SEC website. Also, SVP Jean Philibert sold 5,098 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $90.24, for a total transaction of $460,043.52. Following the transaction, the senior vice president now owns 5,098 shares in the company, valued at approximately $460,043.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 186,061 shares of company stock worth $16,163,741. 1.10% of the stock is owned by company insiders.

A number of research firms have weighed in on ADI. Stifel Nicolaus boosted their target price on shares of Analog Devices from $97.00 to $98.00 and gave the stock a “buy” rating in a research note on Thursday, November 16th. BidaskClub raised shares of Analog Devices from a “hold” rating to a “buy” rating in a research note on Saturday, January 20th. Jefferies Group reissued a “buy” rating and issued a $100.00 price objective on shares of Analog Devices in a research note on Thursday, October 19th. B. Riley reissued 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. Finally, Oppenheimer reissued a “buy” rating and issued a $100.00 price objective on shares of Analog Devices in a research note on Friday, November 17th. Eleven analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average target price of $97.21.

Analog Devices, Inc. (NASDAQ ADI) opened at $82.68 on Friday. The stock has a market cap of $30,480.00, a price-to-earnings ratio of 41.76, a P/E/G ratio of 1.64 and a beta of 1.27. The company has a quick ratio of 1.13, a current ratio of 1.47 and a debt-to-equity ratio of 0.74. Analog Devices, Inc. has a fifty-two week low of $74.65 and a fifty-two week high of $98.38.

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

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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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