State of Wisconsin Investment Board Decreases Holdings in Analog Devices, Inc. (ADI)

State of Wisconsin Investment Board reduced its stake in Analog Devices, Inc. (NASDAQ:ADI) by 19.8% in the fourth quarter, HoldingsChannel.com reports. The fund owned 369,672 shares of the semiconductor company’s stock after selling 91,103 shares during the quarter. State of Wisconsin Investment Board’s holdings in Analog Devices were worth $32,912,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds also recently modified their holdings of the company. Neuberger Berman Group LLC raised its holdings in shares of Analog Devices by 97.4% during the third quarter. Neuberger Berman Group LLC now owns 4,303,569 shares of the semiconductor company’s stock valued at $370,839,000 after buying an additional 2,123,268 shares during the last quarter. Boston Partners bought a new stake in shares of Analog Devices during the fourth quarter valued at approximately $67,877,000. American Century Companies Inc. raised its holdings in shares of Analog Devices by 69.9% during the fourth quarter. American Century Companies Inc. now owns 1,683,434 shares of the semiconductor company’s stock valued at $149,876,000 after buying an additional 692,814 shares during the last quarter. Alkeon Capital Management LLC raised its holdings in shares of Analog Devices by 25.1% during the third quarter. Alkeon Capital Management LLC now owns 2,526,537 shares of the semiconductor company’s stock valued at $217,712,000 after buying an additional 507,000 shares during the last quarter. Finally, First Eagle Investment Management LLC raised its holdings in shares of Analog Devices by 13.7% during the third quarter. First Eagle Investment Management LLC now owns 3,654,773 shares of the semiconductor company’s stock valued at $314,932,000 after buying an additional 439,675 shares during the last quarter. Institutional investors own 85.82% of the company’s stock.

In other Analog Devices news, SVP Margaret K. Seif sold 7,000 shares of Analog Devices stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $88.50, for a total transaction of $619,500.00. Following the transaction, the senior vice president now directly owns 20,404 shares in the company, valued at approximately $1,805,754. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Jean Philibert sold 5,098 shares of Analog Devices stock in a transaction that occurred on Wednesday, November 22nd. The stock was sold at an average price of $90.24, for a total transaction of $460,043.52. Following the transaction, the senior vice president now owns 5,098 shares in the company, valued at $460,043.52. The disclosure for this sale can be found here. In the last 90 days, insiders sold 186,061 shares of company stock worth $16,163,741. 0.70% of the stock is currently owned by company insiders.

Analog Devices, Inc. (ADI) opened at $86.09 on Monday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 1.13. The stock has a market cap of $32,083.50, a P/E ratio of 41.59, a price-to-earnings-growth ratio of 1.59 and a beta of 1.28. Analog Devices, Inc. has a 12-month low of $74.65 and a 12-month high of $98.38.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.09. The firm had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.50 billion. Analog Devices had a net margin of 14.22% and a return on equity of 18.78%. The firm’s quarterly revenue was up 53.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.05 earnings per share. equities analysts forecast that Analog Devices, Inc. will post 5.2 EPS for the current year.

A number of research firms have recently weighed in on ADI. BidaskClub raised Analog Devices from a “hold” rating to a “buy” rating in a report on Saturday, January 20th. Drexel Hamilton reissued a “buy” rating and set a $105.00 target price on shares of Analog Devices in a report on Tuesday, November 21st. Royal Bank of Canada reissued a “buy” rating and set a $100.00 target price on shares of Analog Devices in a report on Thursday, January 4th. Oppenheimer reissued a “buy” rating and set a $100.00 target price on shares of Analog Devices in a report on Friday, November 17th. Finally, Morgan Stanley reissued an “overweight” rating and set a $103.00 target price (up previously from $98.00) on shares of Analog Devices in a report on Wednesday, November 22nd. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and eighteen have given a buy rating to the company. Analog Devices has a consensus rating of “Buy” and an average target price of $97.21.

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Analog Devices Company Profile

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.

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

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