Wealth Advisors of Tampa Bay LLC acquired a new position in Analog Devices, Inc. (NASDAQ:ADI) during the 4th quarter, Holdings Channel reports. The fund acquired 31,965 shares of the semiconductor company’s stock, valued at approximately $2,935,000. Analog Devices accounts for about 2.0% of Wealth Advisors of Tampa Bay LLC’s portfolio, making the stock its 23rd largest holding.

Other hedge funds have also bought and sold shares of the company. Sit Investment Associates Inc. raised its stake in shares of Analog Devices by 381.1% in the fourth quarter. Sit Investment Associates Inc. now owns 1,275 shares of the semiconductor company’s stock valued at $114,000 after buying an additional 1,010 shares during the period. WFG Advisors LP raised its stake in shares of Analog Devices by 26.4% in the second quarter. WFG Advisors LP now owns 1,579 shares of the semiconductor company’s stock valued at $123,000 after buying an additional 330 shares during the period. Fieldpoint Private Securities LLC raised its stake in shares of Analog Devices by 91.6% in the third quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock valued at $127,000 after buying an additional 705 shares during the period. Clear Perspective Advisors LLC raised its stake in shares of Analog Devices by 3,884.2% in the third quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock valued at $130,000 after buying an additional 1,476 shares during the period. Finally, Cerebellum GP LLC bought a new stake in shares of Analog Devices in the fourth quarter valued at $130,000. 85.80% of the stock is currently owned by institutional investors and hedge funds.

In other news, Director Ray Stata sold 10,000 shares of the stock in a transaction that occurred on Friday, January 5th. The stock was sold at an average price of $91.70, for a total value of $917,000.00. Following the completion of the transaction, the director now owns 179,481 shares of the company’s stock, valued at approximately $16,458,407.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Margaret K. Seif sold 7,000 shares of the stock in a transaction that occurred on Monday, February 5th. The stock was sold at an average price of $88.50, for a total value of $619,500.00. Following the completion of the transaction, the senior vice president now directly owns 20,404 shares of the company’s stock, valued at approximately $1,805,754. The disclosure for this sale can be found here. Insiders have sold a total of 186,061 shares of company stock valued at $16,163,741 in the last ninety days. 0.70% of the stock is currently owned by corporate insiders.

A number of research firms recently issued reports on ADI. Stifel Nicolaus boosted their price objective on Analog Devices from $97.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, November 16th. BidaskClub upgraded Analog Devices from a “hold” rating to a “buy” rating in a research note on Saturday, January 20th. B. Riley reiterated a “buy” rating and set a $113.00 price objective (up from $110.00) on shares of Analog Devices in a research note on Thursday, November 16th. Jefferies Group reiterated a “buy” rating and set a $100.00 price objective on shares of Analog Devices in a research note on Thursday, October 19th. Finally, Oppenheimer restated a “buy” rating and set a $100.00 target price on shares of Analog Devices in a research report on Friday, November 17th. Eleven research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $97.21.

Analog Devices, Inc. (NASDAQ ADI) opened at $84.44 on Monday. The company has a market capitalization of $31,278.53, a P/E ratio of 40.55, a price-to-earnings-growth ratio of 1.55 and a beta of 1.28. The company has a current ratio of 1.47, a quick ratio of 1.13 and a debt-to-equity ratio of 0.74. Analog Devices, Inc. has a 52-week low of $74.65 and a 52-week high of $98.38.

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

ILLEGAL ACTIVITY WARNING: “31,965 Shares in Analog Devices, Inc. (ADI) Acquired by Wealth Advisors of Tampa Bay LLC” was originally posted by TheOlympiaReport and is the property of of TheOlympiaReport. If you are reading this article on another publication, it was illegally copied and republished in violation of United States & international trademark and copyright law. The legal version of this article can be read at https://theolympiareport.com/2018/02/12/31965-shares-in-analog-devices-inc-adi-acquired-by-wealth-advisors-of-tampa-bay-llc.html.

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.

Want to see what other hedge funds are holding ADI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Analog Devices, Inc. (NASDAQ:ADI).

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

Receive News & Ratings for Analog Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Analog Devices and related companies with MarketBeat.com's FREE daily email newsletter.