California Public Employees Retirement System boosted its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 0.5% during the 4th quarter, according to its most recent filing with the SEC. The firm owned 801,406 shares of the semiconductor company’s stock after purchasing an additional 4,369 shares during the period. California Public Employees Retirement System’s holdings in Analog Devices were worth $71,349,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently made changes to their positions in the company. Sit Investment Associates Inc. grew its position in Analog Devices by 381.1% during the 4th quarter. Sit Investment Associates Inc. now owns 1,275 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 1,010 shares during the period. Cerebellum GP LLC acquired a new stake in Analog Devices during the 4th quarter worth about $130,000. Fieldpoint Private Securities LLC grew its position in Analog Devices by 91.6% during the 3rd quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock worth $127,000 after purchasing an additional 705 shares during the period. Clear Perspective Advisors LLC grew its position in Analog Devices by 3,884.2% during the 3rd quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock worth $130,000 after purchasing an additional 1,476 shares during the period. Finally, NEXT Financial Group Inc grew its position in Analog Devices by 64.4% during the 3rd quarter. NEXT Financial Group Inc now owns 1,532 shares of the semiconductor company’s stock worth $136,000 after purchasing an additional 600 shares during the period. 86.20% of the stock is currently owned by institutional investors.

Several equities research analysts have weighed in on ADI shares. B. Riley reaffirmed a “buy” rating and set a $113.00 price target (up from $110.00) on shares of Analog Devices in a research report on Thursday, November 16th. Oppenheimer reaffirmed a “buy” rating and set a $100.00 price target on shares of Analog Devices in a research report on Friday, November 17th. Stifel Nicolaus increased their price target on Analog Devices from $97.00 to $98.00 and gave the stock a “buy” rating in a research report on Thursday, November 16th. Morgan Stanley increased their price target on Analog Devices from $103.00 to $108.00 and gave the stock an “overweight” rating in a research report on Wednesday, December 13th. Finally, Jefferies Group increased their price target on Analog Devices to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, November 22nd. Eleven analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average price target of $97.21.

In related news, SVP Margaret K. Seif sold 6,345 shares of the firm’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $88.49, for a total value of $561,469.05. Following the transaction, the senior vice president now directly owns 20,404 shares of the company’s stock, valued at approximately $1,805,549.96. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, SVP Jean Philibert sold 5,098 shares of the firm’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $90.24, for a total transaction of $460,043.52. Following the completion of the transaction, the senior vice president now directly owns 5,098 shares in the company, valued at $460,043.52. The disclosure for this sale can be found here. Insiders sold a total of 186,061 shares of company stock worth $16,163,741 over the last ninety days. 1.10% of the stock is currently owned by corporate insiders.

Shares of Analog Devices, Inc. (ADI) opened at $83.93 on Monday. Analog Devices, Inc. has a 12-month low of $74.65 and a 12-month high of $98.38. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.13 and a current ratio of 1.47. The company has a market capitalization of $31,278.53, a PE ratio of 40.55, a PEG ratio of 1.55 and a beta of 1.28.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share for the quarter, beating the Zacks’ 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%. Analog Devices’s quarterly revenue was up 53.4% compared to the same quarter last year. During the same period last year, the company posted $1.05 EPS. analysts predict that Analog Devices, Inc. will post 5.2 earnings per share for the current fiscal year.

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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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