Analog Devices, Inc. (ADI) Shares Sold by McCollum Christoferson Group LLC

McCollum Christoferson Group LLC lowered its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 24.2% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 34,957 shares of the semiconductor company’s stock after selling 11,188 shares during the quarter. McCollum Christoferson Group LLC’s holdings in Analog Devices were worth $3,680,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in ADI. Stonehearth Capital Management LLC acquired a new position in shares of Analog Devices during the first quarter worth about $242,000. NuWave Investment Management LLC boosted its position in shares of Analog Devices by 5,200.0% during the first quarter. NuWave Investment Management LLC now owns 5,724 shares of the semiconductor company’s stock worth $603,000 after buying an additional 5,616 shares during the period. Lavaca Capital LLC acquired a new position in Analog Devices during the first quarter valued at approximately $255,000. DNB Asset Management AS boosted its position in Analog Devices by 15.5% during the first quarter. DNB Asset Management AS now owns 56,197 shares of the semiconductor company’s stock valued at $5,916,000 after purchasing an additional 7,532 shares during the last quarter. Finally, Pacer Advisors Inc. boosted its position in Analog Devices by 14,773.1% during the first quarter. Pacer Advisors Inc. now owns 51,907 shares of the semiconductor company’s stock valued at $5,464,000 after purchasing an additional 51,558 shares during the last quarter. Institutional investors own 91.34% of the company’s stock.

In other news, CEO Vincent Roche sold 12,939 shares of Analog Devices stock in a transaction dated Thursday, March 28th. The stock was sold at an average price of $104.91, for a total value of $1,357,430.49. Following the completion of the transaction, the chief executive officer now directly owns 29,395 shares of the company’s stock, valued at approximately $3,083,829.45. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, SVP Margaret K. Seif sold 2,700 shares of Analog Devices stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $100.47, for a total value of $271,269.00. Following the completion of the transaction, the senior vice president now directly owns 24,517 shares of the company’s stock, valued at $2,463,222.99. The disclosure for this sale can be found here. Insiders have sold a total of 114,820 shares of company stock worth $12,386,014 over the last ninety days. Company insiders own 0.50% of the company’s stock.

Several research analysts recently commented on ADI shares. Zacks Investment Research raised Analog Devices from a “sell” rating to a “hold” rating in a research report on Monday, February 18th. SunTrust Banks increased their target price on Analog Devices to $126.00 and gave the stock an “average” rating in a research note on Thursday, February 21st. Bank of America lowered Analog Devices from a “buy” rating to a “neutral” rating in a research note on Friday, January 4th. Piper Jaffray Companies restated an “outperform” rating and set a $112.00 price objective on shares of Analog Devices in a research note on Friday, February 1st. Finally, ValuEngine upgraded Analog Devices from a “hold” rating to a “buy” rating in a research note on Friday, January 25th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating and thirteen have issued a buy rating to the company. Analog Devices currently has an average rating of “Buy” and a consensus price target of $105.67.

Shares of ADI opened at $116.95 on Friday. The stock has a market cap of $43.07 billion, a price-to-earnings ratio of 19.69, a P/E/G ratio of 1.72 and a beta of 1.27. Analog Devices, Inc. has a 12 month low of $76.62 and a 12 month high of $118.54. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.64 and a current ratio of 2.34.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, February 20th. The semiconductor company reported $1.33 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.28 by $0.05. The firm had revenue of $1.54 billion for 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 business’s quarterly revenue was down 1.6% compared to the same quarter last year. During the same period in the previous year, the business earned $1.42 EPS. On average, equities research analysts forecast that Analog Devices, Inc. will post 5.45 EPS for the current year.

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

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