Montag A & Associates Inc. increased its position in Analog Devices, Inc. (NASDAQ:ADI) by 389.0% during the third quarter, according to its most recent Form 13F filing with the SEC. The fund owned 25,384 shares of the semiconductor company’s stock after buying an additional 20,193 shares during the period. Montag A & Associates Inc.’s holdings in Analog Devices were worth $2,836,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the business. Vanguard Group Inc. grew its holdings in Analog Devices by 1.6% during the second quarter. Vanguard Group Inc. now owns 31,611,473 shares of the semiconductor company’s stock valued at $3,567,986,000 after purchasing an additional 506,468 shares during the last quarter. Wells Fargo & Company MN grew its holdings in Analog Devices by 3.6% during the second quarter. Wells Fargo & Company MN now owns 7,579,610 shares of the semiconductor company’s stock valued at $855,510,000 after purchasing an additional 260,484 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Analog Devices by 164.2% in the second quarter. Price T Rowe Associates Inc. MD now owns 5,636,929 shares of the semiconductor company’s stock worth $636,240,000 after acquiring an additional 3,502,958 shares during the last quarter. Bank of New York Mellon Corp grew its stake in shares of Analog Devices by 3.0% in the second quarter. Bank of New York Mellon Corp now owns 2,937,825 shares of the semiconductor company’s stock worth $331,591,000 after acquiring an additional 84,299 shares during the last quarter. Finally, Nuveen Asset Management LLC grew its stake in shares of Analog Devices by 1,516.0% in the second quarter. Nuveen Asset Management LLC now owns 2,017,417 shares of the semiconductor company’s stock worth $227,706,000 after acquiring an additional 1,892,575 shares during the last quarter. Institutional investors own 87.58% of the company’s stock.

ADI has been the topic of several research analyst reports. Loop Capital raised their price objective on shares of Analog Devices to $125.00 and gave the stock a “buy” rating in a research note on Friday, September 27th. Morgan Stanley raised their price objective on shares of Analog Devices from $97.00 to $100.00 and gave the stock an “equal weight” rating in a research note on Thursday, August 22nd. Barclays upgraded shares of Analog Devices from an “equal weight” rating to an “overweight” rating and raised their price objective for the stock from $105.00 to $130.00 in a research note on Thursday, September 12th. Raymond James upgraded shares of Analog Devices from a “market perform” rating to an “outperform” rating and set a $120.00 price objective on the stock in a research note on Wednesday, October 30th. Finally, Daiwa Capital Markets initiated coverage on shares of Analog Devices in a research note on Tuesday, October 22nd. They issued an “outperform” rating and a $121.00 price objective on the stock. One analyst has rated the stock with a sell rating, five have issued a hold rating and fourteen have given a buy rating to the company’s stock. Analog Devices currently has a consensus rating of “Buy” and a consensus price target of $114.33.

In related news, SVP Steve Pietkiewicz sold 3,419 shares of the firm’s stock in a transaction on Thursday, October 10th. The stock was sold at an average price of $108.32, for a total value of $370,346.08. Following the completion of the transaction, the senior vice president now directly owns 23,491 shares of the company’s stock, valued at $2,544,545.12. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction on Tuesday, September 3rd. The stock was sold at an average price of $92.34, for a total value of $923,400.00. Following the completion of the transaction, the chief executive officer now directly owns 351,335 shares of the company’s stock, valued at $32,442,273.90. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 53,362 shares of company stock valued at $5,780,793. 0.50% of the stock is owned by company insiders.

ADI stock traded up $0.73 during midday trading on Friday, hitting $113.02. The stock had a trading volume of 1,123,900 shares, compared to its average volume of 2,551,889. The firm has a market capitalization of $41.91 billion, a price-to-earnings ratio of 19.03, a P/E/G ratio of 2.05 and a beta of 1.42. Analog Devices, Inc. has a 52 week low of $80.08 and a 52 week high of $124.79. The stock has a 50-day simple moving average of $110.59 and a 200 day simple moving average of $110.39. The company has a current ratio of 1.35, a quick ratio of 0.92 and a debt-to-equity ratio of 0.45.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Wednesday, August 21st. The semiconductor company reported $1.26 EPS for the quarter, topping the consensus estimate of $1.22 by $0.04. The firm had revenue of $1.48 billion during the quarter, compared to analysts’ expectations of $1.46 billion. Analog Devices had a return on equity of 17.87% and a net margin of 24.71%. Analog Devices’s quarterly revenue was down 5.0% compared to the same quarter last year. During the same period last year, the business earned $1.53 earnings per share. On average, equities analysts forecast that Analog Devices, Inc. will post 5.2 EPS for the current year.

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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