Fjarde AP Fonden Fourth Swedish National Pension Fund boosted its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 18.4% during the second quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 91,684 shares of the semiconductor company’s stock after buying an additional 14,241 shares during the period. Fjarde AP Fonden Fourth Swedish National Pension Fund’s holdings in Analog Devices were worth $7,133,000 at the end of the most recent quarter.

A number of other institutional investors have also recently bought and sold shares of the stock. Reynders McVeigh Capital Management LLC boosted its position in Analog Devices by 2.8% in the first quarter. Reynders McVeigh Capital Management LLC now owns 206,777 shares of the semiconductor company’s stock worth $16,945,000 after buying an additional 5,557 shares during the last quarter. Pegasus Partners Ltd. purchased a new position in Analog Devices during the first quarter worth $884,000. Welch & Forbes LLC boosted its position in Analog Devices by 64.2% in the first quarter. Welch & Forbes LLC now owns 39,622 shares of the semiconductor company’s stock worth $3,247,000 after buying an additional 15,497 shares during the last quarter. Whittier Trust Co. boosted its position in Analog Devices by 17.7% in the first quarter. Whittier Trust Co. now owns 4,689 shares of the semiconductor company’s stock worth $384,000 after buying an additional 704 shares during the last quarter. Finally, Dillon & Associates Inc. purchased a new position in Analog Devices during the first quarter worth $423,000. 86.67% of the stock is owned by institutional investors.

Analog Devices, Inc. (ADI) opened at 78.97 on Friday. Analog Devices, Inc. has a 1-year low of $59.01 and a 1-year high of $90.49. The firm has a market cap of $28.98 billion, a price-to-earnings ratio of 30.25 and a beta of 1.30. The company’s 50 day moving average is $79.22 and its 200-day moving average is $79.94.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Wednesday, May 31st. The semiconductor company reported $1.03 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.85 by $0.18. The company had revenue of $1.10 billion for the quarter, compared to analyst estimates of $1.10 billion. Analog Devices had a net margin of 20.88% and a return on equity of 19.39%. The firm’s revenue was up 41.2% on a year-over-year basis. During the same period in the previous year, the firm posted $0.64 EPS. On average, analysts predict that Analog Devices, Inc. will post $4.37 EPS for the current fiscal year.

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ADI has been the topic of several research analyst reports. Argus increased their price target on shares of Analog Devices from $86.00 to $92.00 and gave the stock an “outperform” rating in a research report on Thursday, June 1st. Royal Bank Of Canada increased their price target on shares of Analog Devices from $90.00 to $92.00 and gave the stock an “outperform” rating in a research report on Thursday, June 1st. Drexel Hamilton reaffirmed a “buy” rating and set a $105.00 price target (up previously from $93.00) on shares of Analog Devices in a research report on Wednesday, May 31st. B. Riley reaffirmed a “buy” rating and set a $103.00 price target on shares of Analog Devices in a research report on Tuesday, May 30th. Finally, Credit Suisse Group reaffirmed a “buy” rating and set a $100.00 price target on shares of Analog Devices in a research report on Friday, May 26th. Two research analysts have rated the stock with a sell rating, ten have issued a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $89.92.

In other Analog Devices news, Director Bruce R. Evans bought 14,000 shares of Analog Devices stock in a transaction on Friday, July 7th. The shares were purchased at an average cost of $78.28 per share, with a total value of $1,095,920.00. Following the acquisition, the director now directly owns 67,540 shares of the company’s stock, valued at approximately $5,287,031.20. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Margaret K. Seif sold 3,000 shares of the business’s stock in a transaction that occurred on Tuesday, June 20th. The stock was sold at an average price of $80.28, for a total transaction of $240,840.00. Following the sale, the senior vice president now directly owns 20,404 shares in the company, valued at $1,638,033.12. The disclosure for this sale can be found here. Insiders have sold a total of 61,086 shares of company stock worth $5,191,324 over the last ninety days. 1.10% of the stock is currently owned by insiders.

About Analog Devices

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.

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

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