Rothschild Investment Corp IL decreased its position in Analog Devices, Inc. (NASDAQ:ADI) by 5.6% during the 3rd quarter, Holdings Channel.com reports. The institutional investor owned 6,690 shares of the semiconductor company’s stock after selling 400 shares during the period. Rothschild Investment Corp IL’s holdings in Analog Devices were worth $747,000 at the end of the most recent quarter.
Other hedge funds have also recently added to or reduced their stakes in the company. Lenox Wealth Advisors LLC acquired a new position in Analog Devices in the second quarter valued at $28,000. Assetmark Inc. increased its stake in Analog Devices by 120.6% in the second quarter. Assetmark Inc. now owns 289 shares of the semiconductor company’s stock valued at $33,000 after purchasing an additional 158 shares in the last quarter. Tortoise Investment Management LLC bought a new stake in Analog Devices in the second quarter valued at $34,000. Webster Bank N. A. increased its stake in Analog Devices by 150.0% in the third quarter. Webster Bank N. A. now owns 340 shares of the semiconductor company’s stock valued at $38,000 after purchasing an additional 204 shares in the last quarter. Finally, Mcmillion Capital Management Inc. bought a new stake in Analog Devices in the second quarter valued at $44,000. Institutional investors and hedge funds own 87.50% of the company’s stock.
NASDAQ:ADI opened at $111.22 on Friday. The company has a debt-to-equity ratio of 0.45, a current ratio of 1.35 and a quick ratio of 0.92. The firm has a 50-day moving average of $111.33 and a 200-day moving average of $110.48. The company has a market cap of $39.92 billion, a PE ratio of 18.72, a PEG ratio of 1.98 and a beta of 1.43. Analog Devices, Inc. has a one year low of $76.62 and a one year high of $124.79.
Several equities research analysts have weighed in on ADI shares. Morgan Stanley lifted their price target on shares of Analog Devices from $97.00 to $100.00 and gave the company an “equal weight” rating in a research note on Thursday, August 22nd. Barclays raised shares of Analog Devices from an “equal weight” rating to an “overweight” rating and lifted their price target for the company from $105.00 to $130.00 in a research note on Thursday, September 12th. BidaskClub raised shares of Analog Devices from a “sell” rating to a “hold” rating in a research note on Saturday, August 31st. Piper Jaffray Companies lifted their price target on shares of Analog Devices from $118.00 to $135.00 and gave the company an “overweight” rating in a research note on Tuesday, July 9th. Finally, Loop Capital lifted their price target on shares of Analog Devices to $125.00 and gave the company a “buy” rating in a research note on Friday, September 27th. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and twelve have assigned a buy rating to the stock. Analog Devices currently has an average rating of “Buy” and an average target price of $113.56.
In other news, SVP Steve Pietkiewicz sold 3,419 shares of the business’s stock in a transaction dated Thursday, October 10th. The shares were sold at an average price of $108.32, for a total transaction of $370,346.08. Following the completion of the sale, the senior vice president now directly owns 23,491 shares of the company’s stock, valued at $2,544,545.12. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director James Champy sold 8,260 shares of the business’s stock in a transaction dated Wednesday, July 24th. The stock was sold at an average price of $121.02, for a total transaction of $999,625.20. Following the sale, the director now directly owns 17,390 shares of the company’s stock, valued at $2,104,537.80. The disclosure for this sale can be found here. Over the last three months, insiders have sold 59,125 shares of company stock valued at $6,597,327. 0.50% of the stock is currently owned by insiders.
Analog Devices Profile
Analog Devices, Inc engages in the design, development, manufacture, and marketing of integrated circuits (ICs). Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable consumer devices.
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