Tirschwell & Loewy Inc. cut its stake in Analog Devices, Inc. (NASDAQ:ADI) by 1.2% during the third quarter, Holdings Channel reports. The firm owned 328,870 shares of the semiconductor company’s stock after selling 3,975 shares during the period. Analog Devices accounts for about 3.8% of Tirschwell & Loewy Inc.’s holdings, making the stock its 10th largest position. Tirschwell & Loewy Inc.’s holdings in Analog Devices were worth $30,407,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors also recently bought and sold shares of ADI. Moody National Bank Trust Division bought a new position in Analog Devices during the 3rd quarter worth about $105,000. Fort L.P. bought a new position in Analog Devices during the 2nd quarter worth about $117,000. Integrated Investment Consultants LLC bought a new position in Analog Devices during the 2nd quarter worth about $130,000. Sawtooth Solutions LLC bought a new position in Analog Devices during the 2nd quarter worth about $200,000. Finally, Gamble Jones Investment Counsel bought a new position in Analog Devices during the 2nd quarter worth about $200,000. Hedge funds and other institutional investors own 88.50% of the company’s stock.

Several research firms have commented on ADI. Nomura began coverage on shares of Analog Devices in a research report on Wednesday, July 18th. They set a “neutral” rating and a $100.00 price target for the company. Zacks Investment Research lowered shares of Analog Devices from a “hold” rating to a “sell” rating in a research report on Monday. Stifel Nicolaus increased their price target on shares of Analog Devices from $108.00 to $110.00 and gave the company a “buy” rating in a research report on Thursday, August 23rd. ValuEngine raised shares of Analog Devices from a “sell” rating to a “hold” rating in a research report on Thursday, November 1st. Finally, BMO Capital Markets reissued a “buy” rating and set a $107.00 price target on shares of Analog Devices in a research report on Monday, August 20th. Two equities research analysts have rated the stock with a sell rating, nine have assigned a hold rating and fifteen have issued a buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $103.70.

Shares of Analog Devices stock opened at $84.78 on Tuesday. The company has a market capitalization of $32.55 billion, a P/E ratio of 17.84, a P/E/G ratio of 1.21 and a beta of 1.23. The company has a quick ratio of 1.16, a current ratio of 1.58 and a debt-to-equity ratio of 0.60. Analog Devices, Inc. has a 52 week low of $76.62 and a 52 week high of $103.59.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, August 22nd. The semiconductor company reported $1.53 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.46 by $0.07. The firm had revenue of $1.57 billion during the quarter, compared to analyst estimates of $1.51 billion. Analog Devices had a net margin of 22.94% and a return on equity of 20.89%. Analog Devices’s revenue was up 9.7% on a year-over-year basis. During the same period last year, the firm posted $1.26 EPS. Analysts expect that Analog Devices, Inc. will post 5.93 EPS for the current fiscal year.

Analog Devices declared that its Board of Directors has approved a stock buyback plan on Tuesday, August 21st that authorizes the company to repurchase $2.00 billion in shares. This repurchase authorization authorizes the semiconductor company to repurchase up to 5.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s leadership believes its stock is undervalued.

In related news, SVP Joseph Hassett sold 12,000 shares of the stock in a transaction that occurred on Monday, August 27th. The shares were sold at an average price of $100.40, for a total value of $1,204,800.00. Following the completion of the transaction, the senior vice president now directly owns 26,711 shares of the company’s stock, valued at approximately $2,681,784.40. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Tuesday, September 4th. The shares were sold at an average price of $97.19, for a total transaction of $971,900.00. Following the completion of the transaction, the chief executive officer now directly owns 27,376 shares of the company’s stock, valued at $2,660,673.44. The disclosure for this sale can be found here. Insiders sold a total of 88,750 shares of company stock valued at $8,561,658 over the last ninety days. 0.70% of the stock is currently owned by insiders.

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Analog Devices Company Profile

Analog Devices, Inc designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits (ICs), algorithms, software, and subsystems. It offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency ICs to support cellular infrastructure.

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

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