Cincinnati Insurance Co. held its stake in Analog Devices, Inc. (NASDAQ:ADI) during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 453,214 shares of the semiconductor company’s stock at the end of the second quarter. Cincinnati Insurance Co. owned about 0.12% of Analog Devices worth $35,260,000 at the end of the most recent reporting period.

A number of other hedge funds have also added to or reduced their stakes in ADI. Nationwide Fund Advisors raised its stake in Analog Devices by 14.0% in the first quarter. Nationwide Fund Advisors now owns 153,484 shares of the semiconductor company’s stock worth $12,578,000 after buying an additional 18,794 shares during the last quarter. Waldron LP raised its stake in Analog Devices by 40.9% in the first quarter. Waldron LP now owns 4,166 shares of the semiconductor company’s stock worth $341,000 after buying an additional 1,210 shares during the last quarter. BTIM Corp. raised its stake in Analog Devices by 12.5% in the first quarter. BTIM Corp. now owns 4,164 shares of the semiconductor company’s stock worth $341,000 after buying an additional 464 shares during the last quarter. Strs Ohio raised its stake in Analog Devices by 83.6% in the first quarter. Strs Ohio now owns 8,063 shares of the semiconductor company’s stock worth $660,000 after buying an additional 3,671 shares during the last quarter. Finally, Russell Investments Group Ltd. raised its stake in Analog Devices by 35.1% in the first quarter. Russell Investments Group Ltd. now owns 314,367 shares of the semiconductor company’s stock worth $25,781,000 after buying an additional 81,722 shares during the last quarter. Institutional investors and hedge funds own 86.88% of the company’s stock.

Shares of Analog Devices, Inc. (NASDAQ ADI) opened at 79.46 on Monday. The firm has a market cap of $29.16 billion, a P/E ratio of 30.43 and a beta of 1.30. The firm has a 50-day moving average price of $79.22 and a 200 day moving average price of $79.94. Analog Devices, Inc. has a one year low of $59.01 and a one year high of $90.49.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data 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 firm 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 quarterly revenue was up 41.2% on a year-over-year basis. During the same period in the previous year, the company earned $0.64 earnings per share. On average, analysts forecast that Analog Devices, Inc. will post $4.37 earnings per share for the current fiscal year.

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ADI has been the topic of a number of recent analyst reports. Morgan Stanley reiterated an “overweight” rating and issued a $93.00 target price on shares of Analog Devices in a research note on Tuesday, May 9th. Zacks Investment Research lowered Analog Devices from a “strong-buy” rating to a “hold” rating in a research note on Monday, May 15th. Jefferies Group LLC reiterated a “buy” rating and issued a $100.00 target price on shares of Analog Devices in a research note on Monday, May 22nd. Credit Suisse Group reiterated a “buy” rating and issued a $100.00 target price on shares of Analog Devices in a research note on Friday, May 26th. Finally, B. Riley reiterated a “buy” rating and issued a $103.00 target price on shares of Analog Devices in a research note on Tuesday, May 30th. Two investment analysts have rated the stock with a sell rating, ten have assigned a hold rating, seventeen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has a consensus rating of “Buy” and an average price target of $89.92.

In related news, CEO Vincent Roche sold 47,500 shares of the business’s stock in a transaction dated 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 directly owns 61,484 shares of the company’s stock, valued at $5,318,366. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, SVP Margaret K. Seif sold 3,000 shares of the business’s stock in a transaction dated Tuesday, June 20th. The shares were 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 $1,638,033.12. The disclosure for this sale can be found here. Over the last three months, insiders sold 61,086 shares of company stock valued at $5,191,324. 1.10% of the stock is 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.

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

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