First National Trust Co. Decreases Position in Analog Devices, Inc. (ADI)

First National Trust Co. cut its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 3.1% during the 3rd quarter, according to its most recent disclosure with the SEC. The institutional investor owned 17,037 shares of the semiconductor company’s stock after selling 549 shares during the period. First National Trust Co.’s holdings in Analog Devices were worth $1,468,000 as of its most recent filing with the SEC.

Several other hedge funds have also added to or reduced their stakes in the stock. Vanguard Group Inc. grew its stake in shares of 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 acquiring an additional 847,762 shares in the last quarter. BlackRock Inc. grew its stake in Analog Devices by 6.2% during the second quarter. BlackRock Inc. now owns 24,482,633 shares of the semiconductor company’s stock worth $1,904,749,000 after buying an additional 1,437,338 shares in the last quarter. Franklin Resources Inc. grew its stake in Analog Devices by 54.1% during the second quarter. Franklin Resources Inc. now owns 9,251,799 shares of the semiconductor company’s stock worth $719,786,000 after buying an additional 3,248,336 shares in the last quarter. FMR LLC grew its stake in Analog Devices by 14.6% during the second quarter. FMR LLC now owns 8,889,572 shares of the semiconductor company’s stock worth $691,608,000 after buying an additional 1,132,549 shares in the last quarter. Finally, Wells Fargo & Company MN grew its stake in Analog Devices by 9.6% during the second quarter. Wells Fargo & Company MN now owns 8,717,605 shares of the semiconductor company’s stock worth $678,231,000 after buying an additional 760,552 shares in the last quarter. Institutional investors and hedge funds own 86.42% of the company’s stock.

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A number of brokerages have issued reports on ADI. BidaskClub downgraded shares of Analog Devices from a “buy” rating to a “hold” rating in a research note on Friday. Jefferies Group LLC reiterated a “buy” rating and set a $100.00 price objective on shares of Analog Devices in a research note on Thursday, October 19th. SunTrust Banks, Inc. reiterated a “buy” rating and set a $106.00 price objective on shares of Analog Devices in a research note on Thursday, October 12th. Zacks Investment Research upgraded shares of Analog Devices from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a research note on Tuesday, October 10th. Finally, Stifel Nicolaus reiterated a “buy” rating and set a $97.00 price objective on shares of Analog Devices in a research note on Monday, September 25th. Twelve research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $93.65.

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 Margaret K. Seif sold 3,000 shares of the firm’s stock in a transaction that occurred on Monday, August 21st. The stock was sold at an average price of $77.81, for a total transaction of $233,430.00. Following the sale, the senior vice president now directly owns 20,404 shares of the company’s stock, valued at approximately $1,587,635.24. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 135,994 shares of company stock valued at $11,604,048. Company insiders own 1.10% of the company’s stock.

Analog Devices, Inc. (NASDAQ ADI) traded up $0.44 during trading on Tuesday, reaching $90.03. 2,428,800 shares of the company’s stock traded hands, compared to its average volume of 2,938,769. The company has a current ratio of 1.99, a quick ratio of 1.52 and a debt-to-equity ratio of 0.83. Analog Devices, Inc. has a 52-week low of $65.33 and a 52-week high of $92.96. The company has a market cap of $32,939.35, a price-to-earnings ratio of 20.93, a price-to-earnings-growth ratio of 1.74 and a beta of 1.32.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.15 by $0.11. Analog Devices had a net margin of 14.77% and a return on equity of 19.06%. The firm had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter last year, the business earned $0.82 EPS. The company’s revenue was up 64.9% compared to the same quarter last year. equities research analysts expect that Analog Devices, Inc. will post 4.6 EPS for the current fiscal year.

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.

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

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