17,199 Shares in Analog Devices, Inc. (ADI) Acquired by Sciencast Management LP

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Sciencast Management LP purchased a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 17,199 shares of the semiconductor company’s stock, valued at approximately $1,905,000.

A number of other hedge funds and other institutional investors also recently modified their holdings of ADI. Kaizen Advisory LLC increased its stake in shares of Analog Devices by 11.7% in the 4th quarter. Kaizen Advisory LLC now owns 1,023 shares of the semiconductor company’s stock valued at $88,000 after acquiring an additional 107 shares during the last quarter. Whittier Trust Co. increased its stake in shares of Analog Devices by 3.2% in the 4th quarter. Whittier Trust Co. now owns 4,486 shares of the semiconductor company’s stock valued at $385,000 after acquiring an additional 139 shares during the last quarter. Somerset Trust Co increased its stake in shares of Analog Devices by 0.6% in the 1st quarter. Somerset Trust Co now owns 25,577 shares of the semiconductor company’s stock valued at $2,692,000 after acquiring an additional 148 shares during the last quarter. HL Financial Services LLC increased its stake in shares of Analog Devices by 5.5% in the 4th quarter. HL Financial Services LLC now owns 2,914 shares of the semiconductor company’s stock valued at $250,000 after acquiring an additional 153 shares during the last quarter. Finally, First American Bank increased its stake in shares of Analog Devices by 1.7% in the 1st quarter. First American Bank now owns 9,628 shares of the semiconductor company’s stock valued at $1,014,000 after acquiring an additional 161 shares during the last quarter. Institutional investors and hedge funds own 91.31% of the company’s stock.

Shares of NASDAQ ADI traded down $1.11 during trading hours on Monday, hitting $113.10. The company had a trading volume of 45,129 shares, compared to its average volume of 2,631,320. The company has a market cap of $41.84 billion, a PE ratio of 19.03, a PEG ratio of 1.66 and a beta of 1.25. The company has a current ratio of 2.34, a quick ratio of 1.64 and a debt-to-equity ratio of 0.54. Analog Devices, Inc. has a 1-year low of $76.62 and a 1-year high of $114.29.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, February 20th. The semiconductor company reported $1.33 EPS for the quarter, beating the consensus estimate of $1.28 by $0.05. The company had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.51 billion. Analog Devices had a return on equity of 19.99% and a net margin of 25.42%. The firm’s revenue for the quarter was down 1.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.42 EPS. As a group, sell-side analysts predict that Analog Devices, Inc. will post 5.45 EPS for the current fiscal year.

A number of brokerages have recently commented on ADI. Morgan Stanley reaffirmed an “equal weight” rating on shares of Analog Devices in a research note on Wednesday, December 19th. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $118.00 price target on shares of Analog Devices in a research note on Wednesday, February 20th. Oppenheimer upped their price target on Analog Devices to $117.00 and gave the company an “outperform” rating in a research note on Thursday, February 21st. Zacks Investment Research raised Analog Devices from a “sell” rating to a “hold” rating in a research note on Thursday, January 24th. Finally, Barclays reaffirmed a “hold” rating and issued a $102.00 price target on shares of Analog Devices in a research note on Friday, January 18th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $102.86.

In other Analog Devices news, SVP Margaret K. Seif sold 2,700 shares of the firm’s stock in a transaction on Monday, February 4th. The stock was sold at an average price of $100.47, for a total transaction of $271,269.00. Following the completion of the sale, the senior vice president now owns 24,517 shares of the company’s stock, valued at approximately $2,463,222.99. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Ray Stata sold 20,000 shares of the firm’s stock in a transaction on Friday, March 1st. The shares were sold at an average price of $107.68, for a total value of $2,153,600.00. The disclosure for this sale can be found here. In the last three months, insiders sold 100,570 shares of company stock valued at $10,732,094. 0.50% of the stock is currently owned by insiders.

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About Analog Devices

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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