Rosenblum Silverman Sutton S F Inc. CA reduced its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 1.5% in the 1st quarter, according to the company in its most recent filing with the SEC. The firm owned 43,882 shares of the semiconductor company’s stock after selling 665 shares during the quarter. Analog Devices makes up about 1.8% of Rosenblum Silverman Sutton S F Inc. CA’s portfolio, making the stock its 24th largest holding. Rosenblum Silverman Sutton S F Inc. CA’s holdings in Analog Devices were worth $4,619,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Vanguard Group Inc increased its position in shares of Analog Devices by 1.6% during the third quarter. Vanguard Group Inc now owns 31,687,292 shares of the semiconductor company’s stock worth $2,929,807,000 after buying an additional 496,719 shares during the period. BlackRock Inc. increased its position in shares of Analog Devices by 3.9% during the fourth quarter. BlackRock Inc. now owns 25,222,433 shares of the semiconductor company’s stock worth $2,164,841,000 after buying an additional 950,203 shares during the period. Massachusetts Financial Services Co. MA boosted its stake in Analog Devices by 6.7% during the fourth quarter. Massachusetts Financial Services Co. MA now owns 18,194,991 shares of the semiconductor company’s stock worth $1,561,676,000 after acquiring an additional 1,147,088 shares in the last quarter. FMR LLC boosted its stake in Analog Devices by 18.3% during the fourth quarter. FMR LLC now owns 7,775,405 shares of the semiconductor company’s stock worth $667,363,000 after acquiring an additional 1,200,683 shares in the last quarter. Finally, Northern Trust Corp boosted its stake in Analog Devices by 1.9% during the fourth quarter. Northern Trust Corp now owns 5,791,733 shares of the semiconductor company’s stock worth $497,104,000 after acquiring an additional 109,661 shares in the last quarter. Hedge funds and other institutional investors own 91.31% of the company’s stock.

Several research analysts recently issued reports on the stock. Zacks Investment Research raised shares of Analog Devices from a “sell” rating to a “hold” rating in a research note on Tuesday, February 12th. Sanford C. Bernstein lowered shares of Analog Devices from an “outperform” rating to a “market perform” rating and set a $106.00 price objective on the stock. in a research note on Monday, March 25th. Barclays reaffirmed a “hold” rating and issued a $102.00 price objective on shares of Analog Devices in a research note on Friday, January 18th. Bank of America raised shares of Analog Devices from a “neutral” rating to a “buy” rating and raised their price objective for the company from $96.00 to $125.00 in a research note on Monday, February 11th. Finally, SunTrust Banks raised their price objective on shares of Analog Devices to $126.00 and gave the company an “average” rating in a research note on Thursday, February 21st. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. Analog Devices presently has an average rating of “Buy” and an average target price of $102.86.

NASDAQ ADI traded down $2.75 during trading hours on Thursday, reaching $114.54. 29,589 shares of the company were exchanged, compared to its average volume of 2,234,515. Analog Devices, Inc. has a 1 year low of $76.62 and a 1 year high of $118.54. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.64 and a current ratio of 2.34. The company has a market capitalization of $42.03 billion, a PE ratio of 19.49, a price-to-earnings-growth ratio of 1.69 and a beta of 1.25.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, February 20th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.28 by $0.05. Analog Devices had a net margin of 25.42% and a return on equity of 19.99%. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.51 billion. During the same quarter last year, the company posted $1.42 earnings per share. The firm’s quarterly revenue was down 1.6% compared to the same quarter last year. As a group, analysts forecast that Analog Devices, Inc. will post 5.45 EPS for the current fiscal year.

In other news, Director Ray Stata sold 20,000 shares of Analog Devices stock in a transaction dated Friday, March 1st. The shares were sold at an average price of $107.68, for a total value of $2,153,600.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director James Champy sold 4,250 shares of Analog Devices stock in a transaction dated Wednesday, April 17th. The stock was sold at an average price of $115.04, for a total transaction of $488,920.00. Following the completion of the transaction, the director now owns 17,510 shares of the company’s stock, valued at approximately $2,014,350.40. The disclosure for this sale can be found here. Insiders have sold 104,820 shares of company stock valued at $11,221,014 in the last 90 days. 0.50% of the stock is currently owned by corporate insiders.

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Analog Devices Company Profile

Analog Devices, Inc engages in the design, development, manufacture, and marketing of integrated circuits (ICs). Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable consumer devices.

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

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