Analog Devices, Inc. (NASDAQ:ADI) is Dundas Partners LLP’s 8th Largest Position

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Dundas Partners LLP lifted its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 1.1% in the second quarter, HoldingsChannel.com reports. The institutional investor owned 163,533 shares of the semiconductor company’s stock after purchasing an additional 1,772 shares during the period. Analog Devices accounts for about 4.3% of Dundas Partners LLP’s investment portfolio, making the stock its 8th biggest holding. Dundas Partners LLP’s holdings in Analog Devices were worth $18,456,000 at the end of the most recent reporting period.

Other hedge funds have also modified their holdings of the company. Lenox Wealth Advisors LLC purchased a new position in Analog Devices in the 2nd quarter valued at approximately $28,000. Berman Capital Advisors LLC grew its holdings in Analog Devices by 43.8% during the 1st quarter. Berman Capital Advisors LLC now owns 299 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 91 shares during the last quarter. Mcmillion Capital Management Inc. acquired a new stake in Analog Devices during the 2nd quarter valued at $44,000. Hanson McClain Inc. grew its holdings in Analog Devices by 44.8% during the 1st quarter. Hanson McClain Inc. now owns 459 shares of the semiconductor company’s stock valued at $48,000 after buying an additional 142 shares during the last quarter. Finally, Thor Advisors LLC acquired a new stake in Analog Devices during the 1st quarter valued at $67,000. 89.73% of the stock is owned by institutional investors and hedge funds.

In other news, SVP Yusuf Jamal sold 31,867 shares of Analog Devices stock in a transaction dated Thursday, May 23rd. The stock was sold at an average price of $98.19, for a total transaction of $3,129,020.73. Following the sale, the senior vice president now directly owns 2,124 shares of the company’s stock, valued at $208,555.56. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Monday, June 3rd. The stock was sold at an average price of $98.23, for a total value of $982,300.00. Following the sale, the chief executive officer now directly owns 31,206 shares in the company, valued at $3,065,365.38. The disclosure for this sale can be found here. Insiders sold 102,266 shares of company stock worth $11,006,074 over the last three months. 0.50% of the stock is currently owned by corporate insiders.

Several equities research analysts have recently issued reports on the company. Zacks Investment Research cut Analog Devices from a “hold” rating to a “strong sell” rating and set a $102.00 price objective on the stock. in a report on Wednesday, May 29th. Morgan Stanley decreased their price objective on Analog Devices from $100.00 to $97.00 and set an “equal weight” rating on the stock in a report on Thursday, May 23rd. BidaskClub cut Analog Devices from a “buy” rating to a “hold” rating in a report on Saturday, August 3rd. Nomura started coverage on Analog Devices in a research report on Monday, June 3rd. They issued a “neutral” rating and a $90.00 target price on the stock. Finally, Piper Jaffray Companies increased their target price on Analog Devices from $118.00 to $135.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 9th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have issued a buy rating to the stock. Analog Devices presently has an average rating of “Buy” and a consensus target price of $109.94.

NASDAQ:ADI opened at $113.02 on Wednesday. The firm has a 50-day moving average of $114.74. The company has a quick ratio of 1.08, a current ratio of 1.52 and a debt-to-equity ratio of 0.48. Analog Devices, Inc. has a 12 month low of $76.62 and a 12 month high of $124.79. The stock has a market capitalization of $41.66 billion, a price-to-earnings ratio of 19.03, a PEG ratio of 1.70 and a beta of 1.41.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, May 22nd. The semiconductor company reported $1.36 EPS for the quarter, beating the consensus estimate of $1.30 by $0.06. Analog Devices had a return on equity of 19.17% and a net margin of 25.18%. The company had revenue of $1.53 billion for the quarter, compared to analyst estimates of $1.50 billion. During the same period last year, the company posted $1.45 earnings per share. The firm’s revenue was down 2.4% compared to the same quarter last year. On average, research analysts predict that Analog Devices, Inc. will post 5.24 EPS for the current fiscal year.

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

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