Cooke & Bieler LP decreased its stake in Analog Devices, Inc. (NASDAQ:ADI) by 1.3% during the second quarter, according to its most recent disclosure with the SEC. The firm owned 306,145 shares of the semiconductor company’s stock after selling 4,122 shares during the period. Cooke & Bieler LP owned about 0.08% of Analog Devices worth $23,818,000 as of its most recent filing with the SEC.

Several other large investors have also modified their holdings of ADI. YorkBridge Wealth Partners LLC boosted its position in shares of Analog Devices by 0.3% in the first quarter. YorkBridge Wealth Partners LLC now owns 3,753 shares of the semiconductor company’s stock worth $283,000 after buying an additional 11 shares in the last quarter. Pitcairn Co. boosted its position in Analog Devices by 0.6% in the second quarter. Pitcairn Co. now owns 4,719 shares of the semiconductor company’s stock valued at $367,000 after buying an additional 30 shares during the period. King Luther Capital Management Corp boosted its position in Analog Devices by 0.9% in the first quarter. King Luther Capital Management Corp now owns 3,722 shares of the semiconductor company’s stock valued at $305,000 after buying an additional 32 shares during the period. CENTRAL TRUST Co boosted its position in Analog Devices by 1.4% in the second quarter. CENTRAL TRUST Co now owns 2,365 shares of the semiconductor company’s stock valued at $184,000 after buying an additional 32 shares during the period. Finally, Osborn Williams & Donohoe LLC boosted its position in Analog Devices by 1.2% in the second quarter. Osborn Williams & Donohoe LLC now owns 2,834 shares of the semiconductor company’s stock valued at $220,000 after buying an additional 34 shares during the period. Institutional investors own 86.67% of the company’s stock.

Analog Devices, Inc. (NASDAQ:ADI) opened at 77.74 on Monday. The company has a market cap of $28.53 billion, a PE ratio of 29.77 and a beta of 1.30. The stock has a 50 day moving average of $79.05 and a 200-day moving average of $79.82. Analog Devices, Inc. has a 12-month low of $59.01 and a 12-month high of $90.49.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Wednesday, May 31st. The semiconductor company reported $1.03 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.85 by $0.18. The business had revenue of $1.10 billion during the quarter, compared to analyst estimates of $1.10 billion. Analog Devices had a return on equity of 19.39% and a net margin of 20.88%. Analog Devices’s revenue for the quarter was up 41.2% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.64 earnings per share. On average, equities research analysts anticipate that Analog Devices, Inc. will post $4.37 earnings per share for the current fiscal year.

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Several research analysts have recently weighed in on ADI shares. Jefferies Group LLC reiterated a “buy” rating on shares of Analog Devices in a report on Monday, July 10th. BidaskClub cut shares of Analog Devices from a “hold” rating to a “sell” rating in a report on Saturday, August 5th. Raymond James Financial, Inc. started coverage on shares of Analog Devices in a report on Friday, June 16th. They issued a “market perform” rating for the company. Royal Bank Of Canada reiterated a “buy” rating and issued a $92.00 price target on shares of Analog Devices in a report on Friday, August 4th. Finally, Goldman Sachs Group, Inc. (The) reiterated a “neutral” rating and issued a $90.00 price target (up previously from $87.00) on shares of Analog Devices in a report on Thursday, June 1st. Two investment analysts have rated the stock with a sell rating, ten have given a hold rating, seventeen have issued a buy rating and one has assigned a strong buy rating to the company. Analog Devices currently has a consensus rating of “Buy” and a consensus target price of $89.92.

In other Analog Devices news, CEO Vincent Roche sold 47,500 shares of the company’s stock in a transaction that occurred on Wednesday, May 31st. The stock was sold at an average price of $86.50, for a total value of $4,108,750.00. Following the completion of the sale, the chief executive officer now owns 61,484 shares of the company’s stock, valued at $5,318,366. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Margaret K. Seif sold 3,000 shares of the company’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $80.28, for a total value of $240,840.00. Following the completion of the sale, the senior vice president now directly owns 20,404 shares of the company’s stock, valued at approximately $1,638,033.12. The disclosure for this sale can be found here. In the last ninety days, insiders sold 58,086 shares of company stock valued at $4,957,894. 1.10% of the stock is owned by insiders.

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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