Zurcher Kantonalbank Zurich Cantonalbank boosted its position in Analog Devices, Inc. (NASDAQ:ADI) by 130.9% during the second quarter, according to its most recent Form 13F filing with the SEC. The fund owned 172,771 shares of the semiconductor company’s stock after buying an additional 97,954 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank’s holdings in Analog Devices were worth $13,442,000 as of its most recent SEC filing.

Several other hedge funds have also recently made changes to their positions in the company. Lazard Asset Management LLC bought a new position in shares of Analog Devices during the first quarter worth $100,000. Jacobus Wealth Management Inc. bought a new position in shares of Analog Devices during the first quarter worth $113,000. Heritage Trust Co bought a new position in shares of Analog Devices during the first quarter worth $114,000. Guardian Life Insurance Co. of America raised its position in shares of Analog Devices by 18.9% in the first quarter. Guardian Life Insurance Co. of America now owns 1,403 shares of the semiconductor company’s stock worth $115,000 after buying an additional 223 shares in the last quarter. Finally, Whittier Trust Co. of Nevada Inc. raised its position in shares of Analog Devices by 51.0% in the second quarter. Whittier Trust Co. of Nevada Inc. now owns 1,406 shares of the semiconductor company’s stock worth $109,000 after buying an additional 475 shares in the last quarter. 86.88% of the stock is owned by hedge funds and other institutional investors.

Analog Devices, Inc. (NASDAQ:ADI) opened at 79.44 on Tuesday. The stock has a market cap of $29.16 billion, a P/E ratio of 30.43 and a beta of 1.30. Analog Devices, Inc. has a 12 month low of $59.01 and a 12 month high of $90.49. The stock has a 50 day moving average of $79.22 and a 200-day moving average of $79.94.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, May 31st. The semiconductor company reported $1.03 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.85 by $0.18. Analog Devices had a return on equity of 19.39% and a net margin of 20.88%. The company had revenue of $1.10 billion for the quarter, compared to the consensus estimate of $1.10 billion. During the same period in the previous year, the business earned $0.64 EPS. Analog Devices’s revenue for the quarter was up 41.2% compared to the same quarter last year. On average, equities analysts forecast that Analog Devices, Inc. will post $4.37 EPS for the current fiscal year.

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

In other Analog Devices news, CEO Vincent Roche sold 47,500 shares of Analog Devices stock in a transaction that occurred 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 sale, the chief executive officer now directly owns 61,484 shares in the company, valued at approximately $5,318,366. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Margaret K. Seif sold 3,000 shares of Analog Devices 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 sale, the senior vice president now owns 20,404 shares in the company, valued at $1,638,033.12. The disclosure for this sale can be found here. Insiders have sold a total of 61,086 shares of company stock worth $5,191,324 over the last 90 days. 1.10% of the stock is owned by company insiders.

About Analog Devices

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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