Analog Devices, Inc. (NASDAQ:ADI) Position Decreased by Rothschild Investment Corp IL

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Rothschild Investment Corp IL lowered its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 3.0% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,490 shares of the semiconductor company’s stock after selling 200 shares during the period. Rothschild Investment Corp IL’s holdings in Analog Devices were worth $771,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also made changes to their positions in the company. Savior LLC purchased a new stake in shares of Analog Devices during the fourth quarter worth $27,000. Simon Quick Advisors LLC bought a new stake in Analog Devices during the 4th quarter worth approximately $28,000. Candriam Luxembourg S.C.A. increased its holdings in Analog Devices by 34.4% during the 4th quarter. Candriam Luxembourg S.C.A. now owns 288,628 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 73,807 shares during the period. Webster Bank N. A. lifted its stake in Analog Devices by 150.0% in the 3rd quarter. Webster Bank N. A. now owns 340 shares of the semiconductor company’s stock worth $38,000 after purchasing an additional 204 shares in the last quarter. Finally, Princeton Global Asset Management LLC lifted its stake in Analog Devices by 1,880.0% in the 2nd quarter. Princeton Global Asset Management LLC now owns 396 shares of the semiconductor company’s stock worth $45,000 after purchasing an additional 376 shares in the last quarter. 87.01% of the stock is currently owned by institutional investors.

In related news, Director Kenton J. Sicchitano sold 11,860 shares of the stock in a transaction dated Thursday, January 9th. The stock was sold at an average price of $120.96, for a total transaction of $1,434,585.60. Following the sale, the director now owns 34,255 shares of the company’s stock, valued at approximately $4,143,484.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Steve Pietkiewicz sold 1,750 shares of the stock in a transaction dated Friday, December 20th. The stock was sold at an average price of $120.16, for a total value of $210,280.00. Following the sale, the senior vice president now directly owns 23,491 shares in the company, valued at approximately $2,822,678.56. The disclosure for this sale can be found here. Insiders have sold 104,320 shares of company stock worth $12,275,687 over the last quarter. 0.50% of the stock is currently owned by corporate insiders.

A number of research analysts have recently commented on the stock. Loop Capital boosted their price target on shares of Analog Devices from $125.00 to $130.00 and gave the company a “positive” rating in a research report on Friday, November 29th. They noted that the move was a valuation call. BidaskClub lowered Analog Devices from a “buy” rating to a “hold” rating in a research note on Wednesday, January 8th. BMO Capital Markets increased their target price on Analog Devices to $135.00 and gave the stock an “outperform” rating in a research report on Wednesday, November 27th. Credit Suisse Group lifted their target price on Analog Devices from $120.00 to $130.00 and gave the company an “outperform” rating in a research note on Wednesday, November 27th. Finally, ValuEngine downgraded Analog Devices from a “buy” rating to a “hold” rating in a research note on Wednesday, October 2nd. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and thirteen have issued a buy rating to the stock. Analog Devices currently has a consensus rating of “Buy” and an average price target of $120.89.

Shares of Analog Devices stock opened at $121.23 on Friday. Analog Devices, Inc. has a 12-month low of $90.53 and a 12-month high of $124.79. The firm has a market capitalization of $44.35 billion, a PE ratio of 33.30, a price-to-earnings-growth ratio of 2.03 and a beta of 1.42. The company has a quick ratio of 0.91, a current ratio of 1.32 and a debt-to-equity ratio of 0.44. The stock’s fifty day moving average is $118.57 and its 200-day moving average is $113.78.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Tuesday, November 26th. The semiconductor company reported $1.19 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.22 by ($0.03). The business had revenue of $1.44 billion for the quarter, compared to the consensus estimate of $1.45 billion. Analog Devices had a return on equity of 16.39% and a net margin of 22.75%. The company’s revenue was down 6.1% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.55 earnings per share. Analysts expect that Analog Devices, Inc. will post 4.78 EPS for the current year.

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

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