HM Payson & Co. maintained its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) during the second quarter, according to its most recent filing with the SEC. The fund owned 3,935 shares of the semiconductor company’s stock at the end of the second quarter. HM Payson & Co.’s holdings in Analog Devices were worth $306,000 at the end of the most recent reporting period.

Other hedge funds have also recently modified their holdings of the company. BB&T Securities LLC increased its position in Analog Devices by 25.5% in the second quarter. BB&T Securities LLC now owns 50,760 shares of the semiconductor company’s stock worth $3,949,000 after buying an additional 10,307 shares during the period. ZWJ Investment Counsel Inc. bought a new position in Analog Devices during the second quarter worth about $412,000. Blair William & Co. IL bought a new position in Analog Devices during the second quarter worth about $203,000. Taurus Asset Management LLC bought a new position in Analog Devices during the second quarter worth about $11,478,000. Finally, Ballentine Partners LLC increased its position in Analog Devices by 207.6% in the second quarter. Ballentine Partners LLC now owns 21,553 shares of the semiconductor company’s stock worth $1,713,000 after buying an additional 14,547 shares during the period. Institutional investors own 86.67% of the company’s stock.

Analog Devices, Inc. (ADI) opened at 77.70 on Tuesday. Analog Devices, Inc. has a 12 month low of $59.01 and a 12 month high of $90.49. The stock has a market capitalization of $28.52 billion, a price-to-earnings ratio of 29.76 and a beta of 1.30. The company has a 50-day moving average of $79.05 and a 200 day moving average of $79.90.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, May 31st. The semiconductor company reported $1.03 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.85 by $0.18. The company had revenue of $1.10 billion during the quarter, compared to analysts’ expectations of $1.10 billion. Analog Devices had a net margin of 20.88% and a return on equity of 19.39%. Analog Devices’s quarterly revenue was up 41.2% on a year-over-year basis. During the same period last year, the company posted $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.

COPYRIGHT VIOLATION WARNING: This piece was reported by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this piece on another publication, it was illegally stolen and republished in violation of U.S. and international copyright & trademark laws. The legal version of this piece can be read at https://www.thecerbatgem.com/2017/08/22/analog-devices-inc-adi-position-maintained-by-hm-payson-co.html.

A number of research firms have issued reports on ADI. B. Riley reiterated a “buy” rating and set a $103.00 price target on shares of Analog Devices in a research note on Tuesday, May 30th. UBS AG reiterated a “neutral” rating and set a $94.00 price target (up previously from $83.00) on shares of Analog Devices in a research note on Saturday, June 3rd. BidaskClub upgraded Analog Devices from a “sell” rating to a “hold” rating in a research note on Wednesday, August 16th. Jefferies Group LLC reiterated a “buy” rating and set a $100.00 price target on shares of Analog Devices in a research note on Monday, May 22nd. Finally, Stephens upgraded Analog Devices from an “equal weight” rating to an “overweight” rating in a research note on Monday, April 24th. Two 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. The stock has an average rating of “Buy” and an average target price of $89.92.

In other Analog Devices news, Director Bruce R. Evans acquired 14,000 shares of the company’s stock in a transaction on Friday, July 7th. The stock was acquired at an average cost of $78.28 per share, with a total value of $1,095,920.00. Following the purchase, the director now directly owns 67,540 shares of the company’s stock, valued at approximately $5,287,031.20. The purchase was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CEO Vincent Roche sold 47,500 shares of Analog Devices stock in a transaction on Wednesday, May 31st. The stock was sold at an average price of $86.50, for a total transaction of $4,108,750.00. Following the completion of the transaction, the chief executive officer now directly owns 61,484 shares of the company’s stock, valued at $5,318,366. The disclosure for this sale can be found here. Insiders have sold 58,086 shares of company stock valued at $4,957,894 over the last ninety days. 1.10% of the stock is currently owned by corporate 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.

Want to see what other hedge funds are holding ADI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Analog Devices, Inc. (NASDAQ:ADI).

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

Receive News & Stock Ratings for Analog Devices Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Analog Devices Inc. and related stocks with our FREE daily email newsletter.