Fox Run Management L.L.C. Buys New Position in Analog Devices, Inc. (ADI)

Fox Run Management L.L.C. bought a new stake in Analog Devices, Inc. (NASDAQ:ADI) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 7,076 shares of the semiconductor company’s stock, valued at approximately $630,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. ZWJ Investment Counsel Inc. increased its holdings in Analog Devices by 56.0% in the 3rd quarter. ZWJ Investment Counsel Inc. now owns 8,270 shares of the semiconductor company’s stock worth $713,000 after acquiring an additional 2,970 shares in the last quarter. Chevy Chase Trust Holdings Inc. increased its holdings in Analog Devices by 1.4% in the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 320,720 shares of the semiconductor company’s stock worth $27,636,000 after acquiring an additional 4,416 shares in the last quarter. Renaissance Technologies LLC increased its holdings in Analog Devices by 4.5% in the 2nd quarter. Renaissance Technologies LLC now owns 2,207,893 shares of the semiconductor company’s stock worth $171,774,000 after acquiring an additional 94,804 shares in the last quarter. Toronto Dominion Bank increased its holdings in Analog Devices by 25.4% in the 2nd quarter. Toronto Dominion Bank now owns 128,820 shares of the semiconductor company’s stock worth $10,021,000 after acquiring an additional 26,076 shares in the last quarter. Finally, Page Arthur B increased its holdings in Analog Devices by 5.2% in the 3rd quarter. Page Arthur B now owns 28,785 shares of the semiconductor company’s stock worth $2,480,000 after acquiring an additional 1,410 shares in the last quarter. Hedge funds and other institutional investors own 87.03% of the company’s stock.

Shares of Analog Devices, Inc. (NASDAQ:ADI) opened at $96.14 on Monday. Analog Devices, Inc. has a 1-year low of $72.09 and a 1-year high of $98.38. The stock has a market cap of $35,440.64, a price-to-earnings ratio of 46.44, a PEG ratio of 1.78 and a beta of 1.29. 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 (NASDAQ:ADI) last released its 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. Analog Devices had a net margin of 14.22% and a return on equity of 18.78%. The business had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.50 billion. During the same quarter in the prior year, the firm earned $1.05 earnings per share. The company’s revenue for the quarter was up 53.4% compared to the same quarter last year. equities research analysts forecast that Analog Devices, Inc. will post 5.2 EPS for the current fiscal year.

In related news, Director Kenton J. Sicchitano sold 7,500 shares of the company’s stock in a transaction dated Friday, January 12th. The shares were sold at an average price of $91.45, for a total value of $685,875.00. Following the completion of the sale, the director now owns 25,285 shares of the company’s stock, valued at $2,312,313.25. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Yusuf Jamal sold 718 shares of the company’s stock in a transaction dated Wednesday, January 3rd. The shares were 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. Insiders have sold 181,561 shares of company stock valued at $15,756,741 in the last ninety days. Insiders own 1.10% of the company’s stock.

ADI has been the subject of several recent analyst reports. Jefferies Group reissued a “buy” rating and issued a $100.00 price target on shares of Analog Devices in a report on Thursday, October 19th. Oppenheimer reissued a “buy” rating and issued a $100.00 price target on shares of Analog Devices in a report on Friday, November 17th. Zacks Investment Research raised shares of Analog Devices from a “hold” rating to a “buy” rating and set a $98.00 price target for the company in a report on Tuesday, October 10th. Stifel Nicolaus reissued a “buy” rating and issued a $97.00 price target on shares of Analog Devices in a report on Monday, September 25th. Finally, Royal Bank of Canada reissued a “buy” rating and issued a $100.00 price target on shares of Analog Devices in a report on Thursday, January 4th. Eleven equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $97.21.

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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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