Advisory Services Network LLC boosted its position in Analog Devices, Inc. (NASDAQ:ADI) by 526.1% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 19,805 shares of the semiconductor company’s stock after purchasing an additional 16,642 shares during the period. Advisory Services Network LLC’s holdings in Analog Devices were worth $1,763,000 as of its most recent filing with the SEC.

A number of other large investors have also recently modified their holdings of ADI. Sit Investment Associates Inc. lifted its position in Analog Devices by 381.1% during the fourth quarter. Sit Investment Associates Inc. now owns 1,275 shares of the semiconductor company’s stock worth $114,000 after acquiring an additional 1,010 shares during the last quarter. Cerebellum GP LLC acquired a new stake in Analog Devices during the fourth quarter worth approximately $130,000. Fieldpoint Private Securities LLC lifted its position in Analog Devices by 91.6% during the third quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock worth $127,000 after acquiring an additional 705 shares during the last quarter. Clear Perspective Advisors LLC lifted its position in 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 worth $130,000 after acquiring an additional 1,476 shares during the last quarter. Finally, NEXT Financial Group Inc lifted its position in Analog Devices by 64.4% during the third quarter. NEXT Financial Group Inc now owns 1,532 shares of the semiconductor company’s stock worth $136,000 after acquiring an additional 600 shares during the last quarter. Institutional investors and hedge funds own 85.80% of the company’s stock.

Several brokerages have issued reports on ADI. Morgan Stanley restated an “overweight” rating and set a $103.00 price objective (up from $98.00) on shares of Analog Devices in a research report on Wednesday, November 22nd. Stifel Nicolaus cut 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 report on Wednesday, November 22nd. Drexel Hamilton restated a “buy” rating and set a $105.00 price objective on shares of Analog Devices in a research report on Tuesday, November 21st. Piper Jaffray Companies upgraded shares of Analog Devices from a “neutral” rating to an “overweight” rating and set a $92.00 price objective for the company in a research report on Tuesday. Finally, KeyCorp restated a “buy” rating and set a $107.00 price objective on shares of Analog Devices in a research report on Friday, November 24th. Ten equities research analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company. The company has a consensus rating of “Buy” and an average price target of $97.21.

Shares of Analog Devices, Inc. (ADI) opened at $85.13 on Thursday. The firm has a market cap of $31,431.32, a P/E ratio of 41.13, a PEG ratio of 1.56 and a beta of 1.28. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 1.13. Analog Devices, Inc. has a 1 year low of $74.65 and a 1 year high of $98.38.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.36 by $0.09. The business had revenue of $1.54 billion for 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 firm’s quarterly revenue was up 53.4% compared to the same quarter last year. During the same period last year, the firm posted $1.05 earnings per share. analysts predict 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 Analog Devices stock in a transaction that occurred on Monday, February 5th. The shares were sold at an average price of $88.50, for a total value of $619,500.00. Following the transaction, the senior vice president now directly owns 20,404 shares of the company’s stock, valued at $1,805,754. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Vincent Roche sold 100,000 shares of Analog Devices stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $85.17, for a total transaction of $8,517,000.00. The disclosure for this sale can be found here. Insiders sold 186,061 shares of company stock worth $16,163,741 over the last three months. 1.10% of the stock is currently owned by insiders.

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Analog Devices 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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