Rational Advisors LLC decreased its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 23.4% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,500 shares of the semiconductor company’s stock after selling 2,900 shares during the period. Rational Advisors LLC’s holdings in Analog Devices were worth $846,000 as of its most recent SEC filing.

A number of other hedge funds have also added to or reduced their stakes in ADI. ZWJ Investment Counsel Inc. grew its position in shares of Analog Devices by 56.0% during the third quarter. ZWJ Investment Counsel Inc. now owns 8,270 shares of the semiconductor company’s stock worth $713,000 after acquiring an additional 2,970 shares during the last quarter. Chevy Chase Trust Holdings Inc. grew its position in shares of Analog Devices by 1.4% during the third quarter. Chevy Chase Trust Holdings Inc. now owns 320,720 shares of the semiconductor company’s stock worth $27,636,000 after acquiring an additional 4,416 shares during the last quarter. Toronto Dominion Bank grew its position in shares of Analog Devices by 25.4% during the second quarter. Toronto Dominion Bank now owns 128,820 shares of the semiconductor company’s stock worth $10,021,000 after acquiring an additional 26,076 shares during the last quarter. Page Arthur B lifted its holdings in Analog Devices by 5.2% in the third quarter. Page Arthur B now owns 28,785 shares of the semiconductor company’s stock worth $2,480,000 after purchasing an additional 1,410 shares during the period. Finally, San Francisco Sentry Investment Group CA lifted its holdings in Analog Devices by 62.3% in the third quarter. San Francisco Sentry Investment Group CA now owns 3,474 shares of the semiconductor company’s stock worth $300,000 after purchasing an additional 1,333 shares during the period. Hedge funds and other institutional investors own 85.80% of the company’s stock.

ADI has been the subject of several research analyst reports. B. Riley reaffirmed a “buy” rating and issued a $113.00 price objective (up previously from $110.00) on shares of Analog Devices in a report on Thursday, November 16th. Oppenheimer reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Analog Devices in a report on Friday, November 17th. Stifel Nicolaus upped their price objective on shares of Analog Devices from $97.00 to $98.00 and gave the stock a “buy” rating in a report on Thursday, November 16th. Morgan Stanley upped their price objective on shares of Analog Devices from $103.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday, December 13th. Finally, Jefferies Group upped their price objective on shares of Analog Devices to $110.00 and gave the stock a “buy” rating in a report on Wednesday, November 22nd. Ten research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company. Analog Devices presently has a consensus rating of “Buy” and a consensus price target of $97.21.

In other news, CEO Vincent Roche sold 100,000 shares of the company’s stock in a transaction dated Monday, December 4th. The stock was sold at an average price of $85.17, for a total value of $8,517,000.00. The sale was disclosed in a filing with the SEC, which is accessible through this link. 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 value of $460,043.52. Following the completion of 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 have sold 186,061 shares of company stock worth $16,163,741. Corporate insiders own 0.70% of the company’s stock.

Shares of Analog Devices, Inc. (ADI) opened at $84.34 on Wednesday. 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 $31,695.92, a PE ratio of 40.74, a price-to-earnings-growth ratio of 1.57 and a beta of 1.28. Analog Devices, Inc. has a twelve month low of $74.65 and a twelve month high of $98.38.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.09. The firm 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%. The business’s revenue for the quarter was up 53.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.05 EPS. equities analysts expect that Analog Devices, Inc. will post 5.2 earnings per share 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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