Analog Devices, Inc. (ADI) Position Decreased by Valeo Financial Advisors LLC

Valeo Financial Advisors LLC decreased its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 24.3% in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 581 shares of the semiconductor company’s stock after selling 186 shares during the period. Valeo Financial Advisors LLC’s holdings in Analog Devices were worth $61,000 at the end of the most recent reporting period.

Several other institutional investors have also recently modified their holdings of ADI. Bank of New York Mellon Corp grew its position in shares of Analog Devices by 0.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,997,755 shares of the semiconductor company’s stock worth $277,173,000 after buying an additional 9,543 shares during the period. Standard Life Aberdeen plc grew its position in shares of Analog Devices by 10.9% during the 3rd quarter. Standard Life Aberdeen plc now owns 116,364 shares of the semiconductor company’s stock worth $10,759,000 after buying an additional 11,447 shares during the period. Renaissance Technologies LLC grew its position in shares of Analog Devices by 52.5% during the 3rd quarter. Renaissance Technologies LLC now owns 46,196 shares of the semiconductor company’s stock worth $4,271,000 after buying an additional 15,900 shares during the period. LPL Financial LLC grew its position in shares of Analog Devices by 6.4% during the 3rd quarter. LPL Financial LLC now owns 25,097 shares of the semiconductor company’s stock worth $2,320,000 after buying an additional 1,511 shares during the period. Finally, Man Group plc grew its position in shares of Analog Devices by 562.3% during the 3rd quarter. Man Group plc now owns 197,051 shares of the semiconductor company’s stock worth $18,219,000 after buying an additional 167,297 shares during the period. Hedge funds and other institutional investors own 91.48% of the company’s stock.

NASDAQ ADI remained flat at $$110.55 during trading on Thursday. The company’s stock had a trading volume of 3,359,510 shares, compared to its average volume of 2,792,254. The company has a market cap of $40.72 billion, a PE ratio of 18.61, a price-to-earnings-growth ratio of 1.73 and a beta of 1.27. The company has a debt-to-equity ratio of 0.54, a current ratio of 2.34 and a quick ratio of 1.64. Analog Devices, Inc. has a 12-month low of $76.62 and a 12-month high of $118.54.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, February 20th. The semiconductor company reported $1.33 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.28 by $0.05. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations 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 quarter in the previous year, the business posted $1.42 EPS. Sell-side analysts forecast that Analog Devices, Inc. will post 5.45 earnings per share for the current fiscal year.

Several equities analysts have recently issued reports on the company. BidaskClub lowered Analog Devices from a “strong-buy” rating to a “buy” rating in a research report on Tuesday, April 30th. Royal Bank of Canada reiterated an “outperform” rating and set a $140.00 price objective on shares of Analog Devices in a report on Tuesday, April 30th. Zacks Investment Research cut Analog Devices from a “hold” rating to a “sell” rating in a report on Tuesday. Robert W. Baird reiterated a “buy” rating and set a $100.00 price objective on shares of Analog Devices in a report on Wednesday, February 20th. Finally, Sanford C. Bernstein cut Analog Devices from an “outperform” rating to a “market perform” rating and set a $106.00 price objective on the stock. in a report on Monday, March 25th. Two investment analysts have rated the stock with a sell rating, nine have given a hold rating and thirteen have assigned a buy rating to the company. Analog Devices presently has an average rating of “Hold” and a consensus target price of $105.67.

In other Analog Devices news, SVP Martin Cotter sold 680 shares of the business’s stock in a transaction that occurred on Wednesday, April 3rd. The stock was sold at an average price of $109.62, for a total transaction of $74,541.60. Following the transaction, the senior vice president now owns 173 shares of the company’s stock, valued at approximately $18,964.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $116.50, for a total value of $1,165,000.00. The disclosure for this sale can be found here. Insiders have sold a total of 112,120 shares of company stock worth $12,114,745 in the last ninety days. Insiders own 0.50% of the company’s stock.

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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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