Swiss National Bank grew its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 0.1% in the 4th quarter, HoldingsChannel reports. The fund owned 1,354,548 shares of the semiconductor company’s stock after buying an additional 1,600 shares during the period. Swiss National Bank’s holdings in Analog Devices were worth $120,595,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also modified their holdings of the company. ZWJ Investment Counsel Inc. raised its stake in Analog Devices by 56.0% during the third quarter. ZWJ Investment Counsel Inc. now owns 8,270 shares of the semiconductor company’s stock worth $713,000 after acquiring an additional 2,970 shares in the last quarter. Chevy Chase Trust Holdings Inc. grew its holdings in shares of Analog Devices by 1.4% during the third quarter. Chevy Chase Trust Holdings Inc. now owns 320,720 shares of the semiconductor company’s stock worth $27,636,000 after purchasing an additional 4,416 shares during the last quarter. Toronto Dominion Bank grew its holdings in shares of Analog Devices by 25.4% during the second quarter. Toronto Dominion Bank now owns 128,820 shares of the semiconductor company’s stock worth $10,021,000 after purchasing an additional 26,076 shares during the last quarter. Page Arthur B grew its holdings in shares of Analog Devices by 5.2% during the third quarter. Page Arthur B now owns 28,785 shares of the semiconductor company’s stock worth $2,480,000 after purchasing an additional 1,410 shares during the last quarter. Finally, San Francisco Sentry Investment Group CA grew its holdings in shares of Analog Devices by 62.3% during the third quarter. San Francisco Sentry Investment Group CA now owns 3,474 shares of the semiconductor company’s stock worth $300,000 after purchasing an additional 1,333 shares during the last quarter. 85.80% of the stock is owned by hedge funds and other institutional investors.

Analog Devices, Inc. (NASDAQ:ADI) opened at $83.93 on Monday. The stock 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. Analog Devices, Inc. has a twelve month low of $74.65 and a twelve month high of $98.38. 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 (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 analysts’ consensus estimates of $1.36 by $0.09. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Analog Devices had a return on equity of 18.78% and a net margin of 14.22%. The company’s revenue for the quarter was up 53.4% compared to the same quarter last year. During the same period in the prior year, the business earned $1.05 EPS. sell-side analysts anticipate that Analog Devices, Inc. will post 5.2 earnings per share for the current fiscal year.

In other news, SVP Margaret K. Seif sold 7,000 shares of the company’s stock in a transaction that occurred on Tuesday, December 5th. The stock was sold at an average price of $84.53, for a total transaction of $591,710.00. Following the transaction, the senior vice president now directly owns 20,404 shares of the company’s stock, valued at $1,724,750.12. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Vincent Roche sold 100,000 shares of the company’s stock in a transaction that occurred on Monday, December 4th. The stock was sold at an average price of $85.17, for a total value of $8,517,000.00. The disclosure for this sale can be found here. Insiders have sold 186,061 shares of company stock worth $16,163,741 over the last ninety days. 0.70% of the stock is owned by insiders.

ADI has been the topic of several research reports. Jefferies Group boosted their price target on Analog Devices to $110.00 and gave the stock a “buy” rating in a report on Wednesday, November 22nd. BidaskClub upgraded Analog Devices from a “hold” rating to a “buy” rating in a report on Friday, January 5th. Stifel Nicolaus reduced their price target on Analog Devices from $100.00 to $98.00 and set a “buy” rating on the stock in a report on Wednesday, November 22nd. B. Riley boosted their price target on Analog Devices from $110.00 to $113.00 and gave the stock a “buy” rating in a report on Wednesday, November 22nd. Finally, KeyCorp restated a “buy” rating and set a $107.00 price target on shares of Analog Devices in a report on Friday, November 24th. Eleven investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The stock presently has an average 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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