Analog Devices (ADI) Shares Sold by Montag A & Associates Inc.

Montag A & Associates Inc. decreased its holdings in shares of Analog Devices (NASDAQ:ADI) by 64.7% in the first quarter, HoldingsChannel.com reports. The fund owned 2,709 shares of the semiconductor company’s stock after selling 4,961 shares during the quarter. Montag A & Associates Inc.’s holdings in Analog Devices were worth $247,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also modified their holdings of the company. Sit Investment Associates Inc. grew its position in shares of Analog Devices by 381.1% during the 4th quarter. Sit Investment Associates Inc. now owns 1,275 shares of the semiconductor company’s stock valued at $114,000 after acquiring an additional 1,010 shares during the period. Icon Wealth Partners LLC bought a new stake in shares of Analog Devices during the 4th quarter valued at $121,000. Cerebellum GP LLC bought a new stake in shares of Analog Devices during the 4th quarter valued at $130,000. Pin Oak Investment Advisors Inc. bought a new stake in shares of Analog Devices during the 4th quarter valued at $139,000. Finally, Massey Quick Simon & CO. LLC grew its position in shares of Analog Devices by 98.8% during the 1st quarter. Massey Quick Simon & CO. LLC now owns 1,660 shares of the semiconductor company’s stock valued at $151,000 after acquiring an additional 825 shares during the period. 88.88% of the stock is owned by hedge funds and other institutional investors.

Shares of ADI stock opened at $92.60 on Monday. The firm has a market capitalization of $34.24 billion, a price-to-earnings ratio of 19.62, a P/E/G ratio of 1.37 and a beta of 1.24. Analog Devices has a 52 week low of $76.07 and a 52 week high of $98.38. The company has a debt-to-equity ratio of 0.71, a quick ratio of 1.31 and a current ratio of 1.76.



Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Wednesday, February 28th. The semiconductor company reported $1.42 EPS for the quarter, topping the consensus estimate of $1.29 by $0.13. The business had revenue of $1.52 billion for the quarter, compared to analysts’ expectations of $1.49 billion. Analog Devices had a net margin of 13.80% and a return on equity of 18.78%. The business’s quarterly revenue was up 54.4% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.94 EPS. equities analysts expect that Analog Devices will post 5.63 earnings per share for the current fiscal year.

A number of research analysts recently weighed in on the stock. Piper Jaffray upgraded shares of Analog Devices from a “neutral” rating to an “overweight” rating and set a $92.00 target price on the stock in a research note on Tuesday, February 13th. BidaskClub upgraded shares of Analog Devices from a “hold” rating to a “buy” rating in a research note on Saturday, January 20th. B. Riley restated a “buy” rating and set a $122.00 target price (up previously from $113.00) on shares of Analog Devices in a research note on Wednesday, February 28th. BMO Capital Markets lifted their target price on shares of Analog Devices from $100.00 to $107.00 and gave the company an “outperform” rating in a research note on Thursday, March 1st. Finally, Nomura lifted their target price on shares of Analog Devices from $85.00 to $95.00 and gave the company a “neutral” rating in a research note on Thursday, March 1st. Six investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Analog Devices currently has an average rating of “Buy” and an average target price of $101.21.

In other news, CAO Eileen Wynne sold 5,209 shares of the company’s stock in a transaction dated Friday, March 16th. The shares were sold at an average price of $94.86, for a total transaction of $494,125.74. Following the sale, the chief accounting officer now directly owns 3,895 shares in the company, valued at approximately $369,479.70. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction dated Tuesday, May 1st. The shares were sold at an average price of $86.95, for a total transaction of $869,500.00. Following the sale, the chief executive officer now owns 17,376 shares in the company, valued at $1,510,843.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 67,106 shares of company stock worth $6,060,346. Corporate insiders own 0.70% of the company’s stock.

Analog Devices Company Profile

Analog Devices, Inc designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits (ICs), algorithms, software, and subsystems. It offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency ICs to support cellular infrastructure.

Want to see what other hedge funds are holding ADI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Analog Devices (NASDAQ:ADI).

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

Receive News & Ratings for Analog Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Analog Devices and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply