Cantillon Capital Management LLC Sells 103,113 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Cantillon Capital Management LLC reduced its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 2.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,092,571 shares of the semiconductor company’s stock after selling 103,113 shares during the period. Analog Devices makes up about 5.8% of Cantillon Capital Management LLC’s investment portfolio, making the stock its 2nd biggest position. Cantillon Capital Management LLC owned approximately 1.38% of Analog Devices worth $574,798,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also made changes to their positions in ADI. Stratos Wealth Partners LTD. grew its position in Analog Devices by 1.4% in the first quarter. Stratos Wealth Partners LTD. now owns 6,485 shares of the semiconductor company’s stock valued at $683,000 after purchasing an additional 89 shares in the last quarter. Parkside Financial Bank & Trust grew its position in Analog Devices by 7.8% in the first quarter. Parkside Financial Bank & Trust now owns 1,251 shares of the semiconductor company’s stock valued at $132,000 after purchasing an additional 90 shares in the last quarter. Berman Capital Advisors LLC grew its position in Analog Devices by 43.8% in the first quarter. Berman Capital Advisors LLC now owns 299 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 91 shares in the last quarter. Archford Capital Strategies LLC grew its position in Analog Devices by 4.3% in the second quarter. Archford Capital Strategies LLC now owns 2,215 shares of the semiconductor company’s stock valued at $250,000 after purchasing an additional 91 shares in the last quarter. Finally, Greenleaf Trust grew its position in Analog Devices by 2.3% in the second quarter. Greenleaf Trust now owns 4,156 shares of the semiconductor company’s stock valued at $469,000 after purchasing an additional 95 shares in the last quarter. Institutional investors and hedge funds own 89.31% of the company’s stock.

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Thursday, August 1st. The shares were sold at an average price of $118.43, for a total value of $1,184,300.00. Following the completion of the sale, the chief executive officer now owns 31,206 shares in the company, valued at approximately $3,695,726.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 completion of the sale, the senior vice president now owns 2,124 shares of the company’s stock, valued at approximately $208,555.56. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 102,266 shares of company stock valued at $11,006,074. 0.50% of the stock is currently owned by corporate insiders.

Shares of ADI opened at $109.28 on Wednesday. The company has a 50-day moving average price of $114.94. Analog Devices, Inc. has a one year low of $76.62 and a one year high of $124.79. The company has a market cap of $41.66 billion, a P/E ratio of 18.40, a PEG ratio of 1.73 and a beta of 1.41. The company has a current ratio of 1.52, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48.

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

ADI has been the subject of a number of analyst reports. BidaskClub downgraded shares of Analog Devices from a “buy” rating to a “hold” rating in a research report on Saturday. Nomura initiated coverage on shares of Analog Devices in a research report on Monday, June 3rd. They issued a “neutral” rating and a $90.00 target price for the company. ValuEngine raised shares of Analog Devices from a “hold” rating to a “buy” rating in a research report on Tuesday, June 18th. Royal Bank of Canada decreased their target price on shares of Analog Devices from $140.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, May 22nd. Finally, Morgan Stanley decreased their price objective on shares of Analog Devices from $100.00 to $97.00 and set an “equal weight” rating for the company in a research report on Thursday, May 23rd. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and thirteen have given a buy rating to the stock. The company has a consensus rating of “Buy” and a consensus target price of $109.94.

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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