Krane Funds Advisors LLC lessened its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 3.8% during the 1st quarter, HoldingsChannel reports. The firm owned 11,075 shares of the semiconductor company’s stock after selling 439 shares during the quarter. Krane Funds Advisors LLC’s holdings in Analog Devices were worth $1,166,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Legacy Financial Advisors Inc. lifted its stake in shares of Analog Devices by 9,766.7% during the fourth quarter. Legacy Financial Advisors Inc. now owns 296 shares of the semiconductor company’s stock valued at $25,000 after buying an additional 293 shares during the period. PRW Wealth Management LLC acquired a new position in Analog Devices during the fourth quarter worth approximately $27,000. TCI Wealth Advisors Inc. increased its position in Analog Devices by 820.0% during the first quarter. TCI Wealth Advisors Inc. now owns 322 shares of the semiconductor company’s stock worth $34,000 after purchasing an additional 287 shares during the last quarter. Bruderman Asset Management LLC acquired a new position in Analog Devices during the fourth quarter worth approximately $31,000. Finally, Liberty Wealth Management LLC acquired a new position in Analog Devices during the fourth quarter worth approximately $33,000. 91.21% of the stock is currently owned by institutional investors.

Several equities analysts recently commented on ADI shares. Barclays reaffirmed a “hold” rating and set a $102.00 price target on shares of Analog Devices in a research report on Friday, January 18th. Zacks Investment Research raised shares of Analog Devices from a “sell” rating to a “hold” rating in a research report on Thursday, January 24th. ValuEngine raised shares of Analog Devices from a “hold” rating to a “buy” rating in a research report on Friday, January 25th. BidaskClub raised shares of Analog Devices from a “buy” rating to a “strong-buy” rating in a research report on Wednesday, January 30th. Finally, Piper Jaffray Companies reaffirmed an “outperform” rating and set a $112.00 price target on shares of Analog Devices in a research report on Friday, February 1st. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating and thirteen have assigned a buy rating to the company’s stock. Analog Devices has an average rating of “Buy” and a consensus target price of $105.67.

In related news, Director Ray Stata sold 20,000 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $107.68, for a total transaction of $2,153,600.00. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, CAO Eileen Wynne sold 2,736 shares of the firm’s stock in a transaction on Thursday, February 21st. The shares were sold at an average price of $105.28, for a total transaction of $288,046.08. Following the sale, the chief accounting officer now directly owns 4,888 shares of the company’s stock, valued at $514,608.64. The disclosure for this sale can be found here. Insiders sold 112,120 shares of company stock valued at $12,114,745 in the last three months. Company insiders own 0.50% of the company’s stock.

Analog Devices stock opened at $104.42 on Thursday. Analog Devices, Inc. has a 52-week low of $76.62 and a 52-week high of $118.54. The firm has a market capitalization of $39.32 billion, a PE ratio of 17.69, a price-to-earnings-growth ratio of 1.54 and a beta of 1.27. The company has a quick ratio of 1.64, a current ratio of 2.34 and a debt-to-equity ratio of 0.54.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, February 20th. The semiconductor company reported $1.33 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.28 by $0.05. Analog Devices had a net margin of 25.42% and a return on equity of 19.99%. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.51 billion. During the same quarter in the prior year, the business earned $1.42 earnings per share. The business’s quarterly revenue was down 1.6% compared to the same quarter last year. Research analysts anticipate that Analog Devices, Inc. will post 5.47 EPS for the current fiscal year.

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About Analog Devices

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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