Analog Devices, Inc. (NASDAQ:ADI) Stock Holdings Lifted by Robecosam AG

Robecosam AG grew its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 13.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 459,000 shares of the semiconductor company’s stock after purchasing an additional 55,000 shares during the quarter. Analog Devices comprises approximately 2.2% of Robecosam AG’s portfolio, making the stock its 8th largest holding. Robecosam AG owned approximately 0.12% of Analog Devices worth $50,967,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in the business. Vanguard Group Inc. raised its position in shares of Analog Devices by 1.6% during the 2nd quarter. Vanguard Group Inc. now owns 31,611,473 shares of the semiconductor company’s stock valued at $3,567,986,000 after buying an additional 506,468 shares during the period. Wells Fargo & Company MN raised its position in shares of Analog Devices by 3.6% during the 2nd quarter. Wells Fargo & Company MN now owns 7,579,610 shares of the semiconductor company’s stock valued at $855,510,000 after buying an additional 260,484 shares during the period. Price T Rowe Associates Inc. MD raised its position in shares of Analog Devices by 164.2% during the 2nd quarter. Price T Rowe Associates Inc. MD now owns 5,636,929 shares of the semiconductor company’s stock valued at $636,240,000 after buying an additional 3,502,958 shares during the period. Bank of New York Mellon Corp raised its position in shares of Analog Devices by 3.0% during the 2nd quarter. Bank of New York Mellon Corp now owns 2,937,825 shares of the semiconductor company’s stock valued at $331,591,000 after buying an additional 84,299 shares during the period. Finally, Nuveen Asset Management LLC raised its position in shares of Analog Devices by 1,516.0% during the 2nd quarter. Nuveen Asset Management LLC now owns 2,017,417 shares of the semiconductor company’s stock valued at $227,706,000 after buying an additional 1,892,575 shares during the period. 87.53% of the stock is currently owned by institutional investors and hedge funds.

Several analysts recently weighed in on ADI shares. Loop Capital lifted their target price on shares of Analog Devices to $125.00 and gave the company a “buy” rating in a report on Friday, September 27th. BidaskClub upgraded shares of Analog Devices from a “sell” rating to a “hold” rating in a report on Saturday, August 31st. Morgan Stanley lifted their target price on shares of Analog Devices from $97.00 to $100.00 and gave the company an “equal weight” rating in a report on Thursday, August 22nd. Piper Jaffray Companies lifted their target price on shares of Analog Devices from $118.00 to $135.00 and gave the company an “overweight” rating in a report on Tuesday, July 9th. Finally, ValuEngine downgraded shares of Analog Devices from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $113.56.

Analog Devices stock opened at $109.48 on Friday. Analog Devices, Inc. has a fifty-two week low of $76.62 and a fifty-two week high of $124.79. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.92 and a current ratio of 1.35. The firm has a 50 day moving average price of $112.01 and a 200 day moving average price of $110.67. The company has a market capitalization of $40.63 billion, a PE ratio of 18.43, a price-to-earnings-growth ratio of 2.02 and a beta of 1.43.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, August 21st. The semiconductor company reported $1.26 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.04. The firm had revenue of $1.48 billion during the quarter, compared to the consensus estimate of $1.46 billion. Analog Devices had a net margin of 24.71% and a return on equity of 17.87%. The firm’s revenue for the quarter was down 5.0% on a year-over-year basis. During the same quarter last year, the firm earned $1.53 EPS. As a group, equities research analysts forecast that Analog Devices, Inc. will post 5.2 earnings per share for the current year.

In other Analog Devices news, Director Ray Stata sold 1,500 shares of the business’s stock in a transaction on Thursday, October 10th. The shares were sold at an average price of $108.48, for a total value of $162,720.00. Following the completion of the transaction, the director now owns 155,591 shares in the company, valued at $16,878,511.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director James Champy sold 8,260 shares of the business’s stock in a transaction on Wednesday, July 24th. The stock was sold at an average price of $121.02, for a total transaction of $999,625.20. Following the completion of the transaction, the director now owns 17,390 shares of the company’s stock, valued at approximately $2,104,537.80. The disclosure for this sale can be found here. In the last 90 days, insiders sold 59,125 shares of company stock valued at $6,597,327. Insiders own 0.50% of the company’s stock.

Analog Devices Company Profile

Analog Devices, Inc engages in the design, development, manufacture, and marketing of integrated circuits (ICs). Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable consumer devices.

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

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