Columbus Circle Investors Raises Stake in Analog Devices, Inc. (ADI)

Columbus Circle Investors raised its position in Analog Devices, Inc. (NASDAQ:ADI) by 0.1% during the first quarter, Holdings Channel reports. The institutional investor owned 896,379 shares of the semiconductor company’s stock after buying an additional 1,059 shares during the period. Columbus Circle Investors’ holdings in Analog Devices were worth $73,458,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sunbelt Securities Inc. raised its position in shares of Analog Devices by 0.3% in the fourth quarter. Sunbelt Securities Inc. now owns 3,591 shares of the semiconductor company’s stock worth $261,000 after buying an additional 10 shares in the last quarter. Asset Management Group Inc. raised its position in shares of Analog Devices by 0.6% in the fourth quarter. Asset Management Group Inc. now owns 3,299 shares of the semiconductor company’s stock worth $240,000 after buying an additional 19 shares in the last quarter. Wetherby Asset Management Inc. raised its position in shares of Analog Devices by 1.4% in the fourth quarter. Wetherby Asset Management Inc. now owns 5,357 shares of the semiconductor company’s stock worth $389,000 after buying an additional 74 shares in the last quarter. Catawba Capital Management VA raised its position in shares of Analog Devices by 3.0% in the first quarter. Catawba Capital Management VA now owns 4,011 shares of the semiconductor company’s stock worth $329,000 after buying an additional 116 shares in the last quarter. Finally, CENTRAL TRUST Co raised its position in shares of Analog Devices by 7.5% in the first quarter. CENTRAL TRUST Co now owns 2,333 shares of the semiconductor company’s stock worth $191,000 after buying an additional 162 shares in the last quarter. 90.38% of the stock is currently owned by institutional investors.

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

Analog Devices, Inc. (NASDAQ:ADI) traded up 2.0607% during trading on Thursday, reaching $78.5765. 2,063,032 shares of the company’s stock were exchanged. The company’s 50-day moving average is $81.33 and its 200-day moving average is $73.70. Analog Devices, Inc. has a 1-year low of $52.17 and a 1-year high of $84.24. The company has a market capitalization of $24.30 billion, a PE ratio of 26.7996 and a beta of 1.19.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, February 15th. The semiconductor company reported $0.94 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.74 by $0.20. Analog Devices had a net margin of 25.18% and a return on equity of 19.31%. The company had revenue of $984 million for the quarter, compared to the consensus estimate of $871.58 million. During the same quarter in the previous year, the firm posted $0.56 EPS. The business’s revenue was up 27.9% compared to the same quarter last year. Equities research analysts expect that Analog Devices, Inc. will post $4.00 earnings per share for the current fiscal year.

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A number of brokerages have weighed in on ADI. B. Riley reissued a “buy” rating and set a $87.00 price target on shares of Analog Devices in a research note on Monday, February 13th. Stifel Nicolaus restated a “buy” rating and set a $95.00 price objective on shares of Analog Devices in a report on Monday, March 13th. Barclays PLC restated an “equal weight” rating and set a $90.00 price objective (up from $85.00) on shares of Analog Devices in a report on Monday, March 13th. Credit Suisse Group AG assumed coverage on Analog Devices in a report on Tuesday, March 14th. They set an “outperform” rating and a $100.00 price objective for the company. Finally, BMO Capital Markets restated a “buy” rating and set a $96.00 price objective on shares of Analog Devices in a report on Friday, March 31st. Seven analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. Analog Devices has a consensus rating of “Buy” and a consensus price target of $83.72.

In other news, SVP Peter Real sold 5,000 shares of Analog Devices stock in a transaction dated Friday, February 17th. The shares were sold at an average price of $82.07, for a total transaction of $410,350.00. Following the sale, the senior vice president now directly owns 12,286 shares in the company, valued at approximately $1,008,312.02. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Bruce R. Evans bought 25,000 shares of the firm’s stock in a transaction dated Friday, March 17th. The shares were acquired at an average price of $83.12 per share, for a total transaction of $2,078,000.00. Following the completion of the transaction, the director now owns 53,540 shares in the company, valued at approximately $4,450,244.80. The disclosure for this purchase can be found here. In the last 90 days, insiders have sold 160,855 shares of company stock worth $13,197,338. Insiders own 1.10% of the company’s stock.

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.

5 Day Chart for NASDAQ:ADI

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