Analog Devices, Inc. (ADI) Holdings Decreased by Intact Investment Management Inc.

Intact Investment Management Inc. cut its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 7.1% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 57,200 shares of the semiconductor company’s stock after selling 4,400 shares during the quarter. Intact Investment Management Inc.’s holdings in Analog Devices were worth $4,928,000 as of its most recent SEC filing.

Several other hedge funds have also bought and sold shares of ADI. Waldron LP increased its holdings in shares of Analog Devices by 40.9% during the 1st quarter. Waldron LP now owns 4,166 shares of the semiconductor company’s stock worth $341,000 after acquiring an additional 1,210 shares during the last quarter. Invictus RG increased its holdings in shares of Analog Devices by 2.8% during the 1st quarter. Invictus RG now owns 8,178 shares of the semiconductor company’s stock worth $670,000 after acquiring an additional 219 shares during the last quarter. Dynamic Capital Management Ltd acquired a new position in shares of Analog Devices during the 1st quarter worth approximately $2,532,000. Schwab Charles Investment Management Inc. increased its holdings in shares of Analog Devices by 18.7% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 1,548,169 shares of the semiconductor company’s stock worth $126,873,000 after acquiring an additional 243,397 shares during the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new position in shares of Analog Devices during the 1st quarter worth approximately $5,364,000. 86.65% of the stock is currently owned by institutional investors and hedge funds.

A number of research firms recently weighed in on ADI. Jefferies Group LLC reissued a “buy” rating and set a $100.00 target price on shares of Analog Devices in a report on Thursday, October 19th. SunTrust Banks, Inc. reissued a “buy” rating and set a $106.00 target price on shares of Analog Devices in a report on Thursday, October 12th. BidaskClub raised Analog Devices from a “hold” rating to a “buy” rating in a report on Saturday, October 7th. Zacks Investment Research raised Analog Devices from a “hold” rating to a “buy” rating and set a $98.00 target price on the stock in a report on Tuesday, October 10th. Finally, Morgan Stanley reissued an “overweight” rating and set a $98.00 target price on shares of Analog Devices in a report on Wednesday, September 20th. Eleven equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus target price of $93.65.

In other news, Director Ray Stata sold 25,000 shares of the business’s stock in a transaction dated Friday, September 15th. The stock was sold at an average price of $83.50, for a total value of $2,087,500.00. Following the completion of the sale, the director now owns 234,481 shares of the company’s stock, valued at approximately $19,579,163.50. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director James Champy sold 12,500 shares of the business’s stock in a transaction dated Tuesday, October 24th. The shares were sold at an average price of $90.00, for a total value of $1,125,000.00. Following the completion of the sale, the director now directly owns 21,910 shares of the company’s stock, valued at approximately $1,971,900. The disclosure for this sale can be found here. In the last three months, insiders sold 135,994 shares of company stock valued at $11,604,048. 1.10% of the stock is currently owned by corporate insiders.

Shares of Analog Devices, Inc. (NASDAQ ADI) opened at 91.80 on Wednesday. Analog Devices, Inc. has a 52 week low of $62.50 and a 52 week high of $91.96. The firm has a market cap of $33.75 billion, a PE ratio of 45.69 and a beta of 1.30. The stock has a 50 day moving average price of $87.02 and a 200 day moving average price of $81.50.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share for the quarter, beating analysts’ consensus estimates of $1.15 by $0.11. Analog Devices had a return on equity of 19.06% and a net margin of 14.77%. The company had revenue of $1.43 billion during the quarter, compared to analyst estimates of $1.40 billion. During the same quarter in the previous year, the company posted $0.82 EPS. Analog Devices’s revenue for the quarter was up 64.9% on a year-over-year basis. Equities analysts expect that Analog Devices, Inc. will post $4.62 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.

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

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