Teacher Retirement System of Texas lessened its position in Analog Devices, Inc. (NASDAQ:ADI) by 44.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 101,069 shares of the semiconductor company’s stock after selling 81,628 shares during the period. Teacher Retirement System of Texas’ holdings in Analog Devices were worth $8,998,000 as of its most recent filing with the SEC.

Several other hedge funds have also recently added to or reduced their stakes in the company. Advisory Services Network LLC lifted its stake in shares of Analog Devices by 3.1% in the 2nd quarter. Advisory Services Network LLC now owns 3,349 shares of the semiconductor company’s stock worth $261,000 after acquiring an additional 100 shares during the period. WFG Advisors LP lifted its stake in shares of Analog Devices by 26.4% in the 2nd quarter. WFG Advisors LP now owns 1,579 shares of the semiconductor company’s stock worth $123,000 after acquiring an additional 330 shares during the period. Reik & CO. LLC lifted its stake in shares of Analog Devices by 16.8% in the fourth quarter. Reik & CO. LLC now owns 3,830 shares of the semiconductor company’s stock valued at $341,000 after purchasing an additional 550 shares during the period. Northwestern Mutual Wealth Management Co. lifted its stake in shares of Analog Devices by 4.5% in the fourth quarter. Northwestern Mutual Wealth Management Co. now owns 12,766 shares of the semiconductor company’s stock valued at $1,137,000 after purchasing an additional 555 shares during the period. Finally, Patriot Financial Group Insurance Agency LLC lifted its stake in shares of Analog Devices by 15.6% in the third quarter. Patriot Financial Group Insurance Agency LLC now owns 4,195 shares of the semiconductor company’s stock valued at $368,000 after purchasing an additional 567 shares during the period. Institutional investors own 85.80% of the company’s stock.

Several analysts recently commented on ADI shares. KeyCorp reiterated a “buy” rating and issued a $107.00 price objective on shares of Analog Devices in a research note on Friday, November 24th. Jefferies Group reiterated a “buy” rating and issued a $100.00 price objective on shares of Analog Devices in a research note on Thursday, October 19th. Stifel Nicolaus reduced their price objective 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 price objective 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 reiterated a “buy” rating and issued a $105.00 price objective on shares of Analog Devices in a research note on Tuesday, November 21st. Ten investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. Analog Devices currently has an average rating of “Buy” and a consensus target price of $97.21.

In other news, CEO Vincent Roche sold 100,000 shares of Analog Devices stock in a transaction dated Monday, December 4th. The shares were sold at an average price of $85.17, for a total transaction of $8,517,000.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Ray Stata sold 10,000 shares of Analog Devices stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $91.70, for a total transaction of $917,000.00. Following the sale, the director now owns 179,481 shares of the company’s stock, valued at $16,458,407.70. 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 over the last 90 days. 0.70% of the stock is currently owned by insiders.

Analog Devices, Inc. (ADI) opened at $84.34 on Wednesday. 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 twelve month low of $74.65 and a twelve month high of $98.38. The firm has a market cap of $31,090.00, a PE ratio of 42.60, a price-to-earnings-growth ratio of 1.57 and a beta of 1.27.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.09. Analog Devices had a net margin of 14.22% and a return on equity of 18.78%. The firm had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.50 billion. During the same period last year, the firm posted $1.05 EPS. The firm’s revenue for the quarter was up 53.4% on a year-over-year basis. equities research analysts anticipate 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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