American Research & Management Co. cut its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 1.8% during the fourth quarter, HoldingsChannel.com reports. The fund owned 127,240 shares of the semiconductor company’s stock after selling 2,385 shares during the quarter. Analog Devices makes up approximately 3.5% of American Research & Management Co.’s investment portfolio, making the stock its 3rd biggest holding. American Research & Management Co.’s holdings in Analog Devices were worth $11,328,000 as of its most recent filing with the SEC.

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

Analog Devices, Inc. (NASDAQ:ADI) opened at $85.05 on Tuesday. The stock has a market cap of $31,350.00, a price-to-earnings ratio of 42.95, a price-to-earnings-growth ratio of 1.55 and a beta of 1.27. Analog Devices, Inc. has a fifty-two week low of $74.65 and a fifty-two week high of $98.38. The company has a quick ratio of 1.13, a current ratio of 1.47 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 the Zacks’ consensus estimate of $1.36 by $0.09. The business had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Analog Devices had a net margin of 14.22% and a return on equity of 18.78%. The business’s quarterly revenue was up 53.4% on a year-over-year basis. During the same quarter last year, the company posted $1.05 earnings per share. sell-side analysts expect that Analog Devices, Inc. will post 5.2 EPS for the current year.

In related news, SVP Margaret K. Seif sold 7,000 shares of the firm’s stock in a transaction 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 completion of the transaction, the senior vice president now owns 20,404 shares of the company’s stock, valued at $1,805,754. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP Yusuf Jamal sold 718 shares of the firm’s stock in a transaction on Wednesday, January 3rd. The stock was sold at an average price of $90.89, for a total transaction of $65,259.02. The disclosure for this sale can be found here. In the last ninety days, insiders sold 186,061 shares of company stock valued at $16,163,741. Corporate insiders own 0.70% of the company’s stock.

Several equities research analysts have weighed in on ADI shares. KeyCorp restated a “buy” rating and issued a $107.00 target price on shares of Analog Devices in a research note on Friday, November 24th. Jefferies Group restated a “buy” rating and issued a $100.00 target price on shares of Analog Devices in a research note on Thursday, October 19th. Stifel Nicolaus lowered their target price on shares of Analog Devices from $100.00 to $98.00 and set a “buy” rating for the company in a research note on Wednesday, November 22nd. B. Riley raised their target price on shares of Analog Devices from $110.00 to $113.00 and gave the company a “buy” rating in a research note on Wednesday, November 22nd. Finally, Drexel Hamilton restated a “buy” rating and issued a $105.00 target price on shares of Analog Devices in a research note on Tuesday, November 21st. Eleven equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $97.21.

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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.

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

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