Oak Ridge Investments LLC acquired a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) in the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 5,655 shares of the semiconductor company’s stock, valued at approximately $487,000.

Other large investors have also recently modified their holdings of the company. Pathstone Family Office LLC raised its position in shares of Analog Devices by 75.0% in the second quarter. Pathstone Family Office LLC now owns 35 shares of the semiconductor company’s stock valued at $1,557,000 after buying an additional 15 shares in the last quarter. 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 valued at $109,000 after buying an additional 475 shares in the last quarter. Sumitomo Mitsui Financial Group Inc. acquired a new stake in shares of Analog Devices in the second quarter valued at approximately $119,000. WFG Advisors LP raised its position in shares of Analog Devices by 26.4% in the second quarter. WFG Advisors LP now owns 1,579 shares of the semiconductor company’s stock valued at $123,000 after buying an additional 330 shares in the last quarter. Finally, Crow Point Partners LLC acquired a new stake in shares of Analog Devices in the third quarter valued at approximately $140,000. Institutional investors own 86.42% of the company’s stock.

In other Analog Devices news, SVP Peter Real sold 4,505 shares of the company’s stock in a transaction on Wednesday, August 30th. The shares were sold at an average price of $82.13, for a total transaction of $369,995.65. Following the sale, the senior vice president now owns 13,531 shares of the company’s stock, valued at $1,111,301.03. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP Margaret K. Seif sold 3,000 shares of the company’s stock in a transaction on Monday, August 21st. The shares were sold at an average price of $77.81, for a total transaction of $233,430.00. Following the sale, the senior vice president now directly owns 20,404 shares in the company, valued at approximately $1,587,635.24. The disclosure for this sale can be found here. In the last three months, insiders sold 135,994 shares of company stock worth $11,604,048. 1.10% of the stock is currently owned by insiders.

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Shares of Analog Devices, Inc. (ADI) traded down $0.06 during trading on Friday, hitting $90.42. 2,213,593 shares of the company traded hands, compared to its average volume of 2,926,695. The company has a current ratio of 1.99, a quick ratio of 1.52 and a debt-to-equity ratio of 0.83. Analog Devices, Inc. has a one year low of $67.62 and a one year high of $92.96. The company has a market capitalization of $33,270.00, a PE ratio of 21.13, a price-to-earnings-growth ratio of 1.76 and a beta of 1.32.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.11. Analog Devices had a net margin of 14.77% and a return on equity of 19.06%. The company had revenue of $1.43 billion for the quarter, compared to analysts’ expectations of $1.40 billion. During the same quarter in the previous year, the firm posted $0.82 earnings per share. Analog Devices’s revenue for the quarter was up 64.9% on a year-over-year basis. equities research analysts anticipate that Analog Devices, Inc. will post 4.62 EPS for the current year.

A number of research firms have recently weighed in on ADI. B. Riley reiterated a “buy” rating and issued a $110.00 price target on shares of Analog Devices in a research report on Sunday, August 27th. Stifel Nicolaus lifted their price target on shares of Analog Devices from $97.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday. Drexel Hamilton reiterated a “buy” rating and issued a $105.00 price target on shares of Analog Devices in a research report on Wednesday, August 30th. BidaskClub upgraded shares of Analog Devices from a “sell” rating to a “hold” rating in a research report on Wednesday, August 16th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $100.00 price target on shares of Analog Devices in a research report on Thursday, October 19th. Twelve analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. Analog Devices currently has an average rating of “Buy” and an average price target of $93.69.

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.

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

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