Penserra Capital Management LLC grew its position in Analog Devices, Inc. (NASDAQ:ADI) by 18.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 4,060 shares of the semiconductor company’s stock after acquiring an additional 638 shares during the quarter. Penserra Capital Management LLC’s holdings in Analog Devices were worth $361,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of ADI. Boston Common Asset Management LLC raised its position in shares of Analog Devices by 523.0% during the 4th quarter. Boston Common Asset Management LLC now owns 64,703 shares of the semiconductor company’s stock worth $5,761,000 after purchasing an additional 54,318 shares during the last quarter. Bronfman E.L. Rothschild L.P. raised its position in shares of Analog Devices by 12.1% during the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 5,521 shares of the semiconductor company’s stock worth $492,000 after purchasing an additional 595 shares during the last quarter. Ffcm LLC raised its position in shares of Analog Devices by 23.3% during the 4th quarter. Ffcm LLC now owns 26,873 shares of the semiconductor company’s stock worth $2,393,000 after purchasing an additional 5,082 shares during the last quarter. AGF Investments America Inc. raised its position in shares of Analog Devices by 32.7% during the 4th quarter. AGF Investments America Inc. now owns 72,262 shares of the semiconductor company’s stock worth $6,433,000 after purchasing an additional 17,805 shares during the last quarter. Finally, Wealth Advisors of Tampa Bay LLC acquired a new position in shares of Analog Devices during the 4th quarter worth about $2,935,000. Institutional investors and hedge funds own 85.80% of the company’s stock.

In other news, SVP Jean Philibert sold 5,098 shares of the stock in a transaction that occurred on Wednesday, November 22nd. The shares were sold at an average price of $90.24, for a total value of $460,043.52. Following the completion of the sale, the senior vice president now owns 5,098 shares of the company’s stock, valued at approximately $460,043.52. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Yusuf Jamal sold 718 shares of the stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $90.89, for a total transaction of $65,259.02. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 186,061 shares of company stock valued at $16,163,741. 1.10% of the stock is owned by corporate insiders.

Shares of Analog Devices, Inc. (NASDAQ:ADI) opened at $85.13 on Thursday. Analog Devices, Inc. has a one year low of $74.65 and a one year high of $98.38. The stock has a market cap of $31,431.32, a PE ratio of 41.13, a P/E/G ratio of 1.56 and a beta of 1.28. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.13 and a current ratio of 1.47.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.36 by $0.09. Analog Devices had a net margin of 14.22% and a return on equity of 18.78%. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.50 billion. During the same quarter in the prior year, the company earned $1.05 EPS. Analog Devices’s revenue was up 53.4% compared to the same quarter last year. equities analysts expect that Analog Devices, Inc. will post 5.2 earnings per share for the current year.

Several research firms recently weighed in on ADI. Piper Jaffray Companies upgraded shares of Analog Devices from a “neutral” rating to an “overweight” rating and set a $92.00 price target for the company in a research report on Tuesday. BidaskClub upgraded shares of Analog Devices from a “hold” rating to a “buy” rating in a research report on Saturday, January 20th. Royal Bank of Canada restated a “buy” rating and set a $100.00 price target on shares of Analog Devices in a research report on Thursday, January 4th. Morgan Stanley upped their price target on shares of Analog Devices from $103.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 13th. Finally, KeyCorp restated a “buy” rating and set a $107.00 price target on shares of Analog Devices in a research report on Friday, November 24th. Ten equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Analog Devices presently has a consensus rating of “Buy” and an average price target of $97.21.

TRADEMARK VIOLATION NOTICE: “Penserra Capital Management LLC Has $361,000 Holdings in Analog Devices, Inc. (ADI)” was originally posted by The Cerbat Gem and is owned by of The Cerbat Gem. If you are viewing this article on another publication, it was illegally stolen and republished in violation of United States and international copyright and trademark legislation. The correct version of this article can be read at https://www.thecerbatgem.com/2018/02/15/penserra-capital-management-llc-has-361000-holdings-in-analog-devices-inc-adi.html.

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.

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 & Ratings for Analog Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Analog Devices and related companies with MarketBeat.com's FREE daily email newsletter.