Nisa Investment Advisors LLC raised its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 3.6% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 155,234 shares of the semiconductor company’s stock after purchasing an additional 5,410 shares during the period. Nisa Investment Advisors LLC’s holdings in Analog Devices were worth $14,353,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ADI. Washington Trust Bank raised its position in Analog Devices by 127.7% during the 2nd quarter. Washington Trust Bank now owns 1,070 shares of the semiconductor company’s stock valued at $103,000 after purchasing an additional 600 shares during the last quarter. Fort L.P. bought a new position in Analog Devices during the 2nd quarter valued at approximately $117,000. Integrated Investment Consultants LLC bought a new position in Analog Devices during the 2nd quarter valued at approximately $130,000. Clarus Wealth Advisors bought a new position in Analog Devices during the 2nd quarter valued at approximately $139,000. Finally, Summit Trail Advisors LLC raised its position in Analog Devices by 401.2% during the 1st quarter. Summit Trail Advisors LLC now owns 10,455 shares of the semiconductor company’s stock valued at $147,000 after purchasing an additional 8,369 shares during the last quarter. 88.20% of the stock is owned by institutional investors and hedge funds.

ADI stock opened at $83.17 on Friday. Analog Devices, Inc. has a fifty-two week low of $80.95 and a fifty-two week high of $103.59. The company has a current ratio of 1.58, a quick ratio of 1.16 and a debt-to-equity ratio of 0.60. The company has a market cap of $31.68 billion, a price-to-earnings ratio of 14.57, a PEG ratio of 1.17 and a beta of 1.20.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, August 22nd. The semiconductor company reported $1.53 earnings per share for the quarter, topping analysts’ consensus estimates of $1.46 by $0.07. Analog Devices had a return on equity of 20.89% and a net margin of 22.94%. The firm had revenue of $1.57 billion for the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter in the prior year, the business earned $1.26 EPS. The business’s revenue for the quarter was up 9.7% on a year-over-year basis. On average, analysts expect that Analog Devices, Inc. will post 5.89 EPS for the current year.

Analog Devices announced that its board has authorized a stock repurchase program on Tuesday, August 21st that authorizes the company to repurchase $2.00 billion in outstanding shares. This repurchase authorization authorizes the semiconductor company to reacquire up to 5.8% of its stock through open market purchases. Stock repurchase programs are often a sign that the company’s leadership believes its stock is undervalued.

A number of research analysts have commented on ADI shares. Zacks Investment Research raised Analog Devices from a “hold” rating to a “buy” rating and set a $107.00 price target for the company in a research report on Thursday, August 23rd. Raymond James upped their price target on Analog Devices from $105.00 to $110.00 and gave the company an “outperform” rating in a research report on Thursday, August 23rd. BidaskClub raised Analog Devices from a “sell” rating to a “hold” rating in a research report on Saturday, August 25th. KeyCorp started coverage on Analog Devices in a research report on Tuesday, September 25th. They set a “sector weight” rating for the company. Finally, Stifel Nicolaus lowered their price target on Analog Devices from $110.00 to $106.00 and set a “buy” rating for the company in a research report on Thursday, September 27th. Three equities research analysts have rated the stock with a sell rating, seven have issued a hold rating and sixteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average price target of $104.17.

In related news, SVP Margaret K. Seif sold 2,700 shares of the company’s stock in a transaction that occurred on Tuesday, September 4th. The stock was sold at an average price of $97.19, for a total value of $262,413.00. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, August 1st. The stock was sold at an average price of $95.43, for a total value of $954,300.00. Following the completion of the sale, the chief executive officer now owns 19,699 shares in the company, valued at approximately $1,879,875.57. The disclosure for this sale can be found here. Insiders sold a total of 90,645 shares of company stock worth $8,862,608 in the last 90 days. 1.10% of the stock is currently owned by company insiders.

About Analog Devices

Analog Devices, Inc designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits (ICs), algorithms, software, and subsystems. It offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency ICs to support cellular infrastructure.

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

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