Avestar Capital LLC Buys 281 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Avestar Capital LLC boosted its stake in Analog Devices, Inc. (NASDAQ:ADI) by 8.0% in the third quarter, HoldingsChannel reports. The institutional investor owned 3,781 shares of the semiconductor company’s stock after buying an additional 281 shares during the quarter. Avestar Capital LLC’s holdings in Analog Devices were worth $870,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Brooklyn Investment Group boosted its stake in shares of Analog Devices by 9.6% in the 3rd quarter. Brooklyn Investment Group now owns 4,396 shares of the semiconductor company’s stock worth $1,012,000 after buying an additional 385 shares during the last quarter. D.A. Davidson & CO. boosted its position in Analog Devices by 0.8% in the third quarter. D.A. Davidson & CO. now owns 6,810 shares of the semiconductor company’s stock worth $1,568,000 after purchasing an additional 57 shares during the last quarter. FMR LLC grew its stake in Analog Devices by 9.9% in the 3rd quarter. FMR LLC now owns 7,388,628 shares of the semiconductor company’s stock valued at $1,700,640,000 after purchasing an additional 665,149 shares during the period. West Tower Group LLC increased its position in shares of Analog Devices by 76.5% during the 3rd quarter. West Tower Group LLC now owns 3,000 shares of the semiconductor company’s stock valued at $691,000 after purchasing an additional 1,300 shares during the last quarter. Finally, Private Trust Co. NA raised its stake in shares of Analog Devices by 3.0% during the 3rd quarter. Private Trust Co. NA now owns 5,448 shares of the semiconductor company’s stock worth $1,254,000 after purchasing an additional 157 shares during the period. 86.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities analysts recently weighed in on ADI shares. Oppenheimer restated an “outperform” rating and set a $245.00 price target on shares of Analog Devices in a research report on Thursday, August 22nd. Needham & Company LLC restated a “hold” rating on shares of Analog Devices in a research note on Thursday, August 22nd. JPMorgan Chase & Co. lifted their price target on shares of Analog Devices from $260.00 to $280.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Bank of America decreased their target price on Analog Devices from $260.00 to $255.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. Finally, Morgan Stanley upped their price target on Analog Devices from $250.00 to $257.00 and gave the company an “overweight” rating in a research report on Thursday, August 22nd. Six equities research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $252.05.

Insider Buying and Selling

In related news, EVP Gregory M. Bryant sold 20,000 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $223.87, for a total value of $4,477,400.00. Following the transaction, the executive vice president now owns 59,093 shares of the company’s stock, valued at $13,229,149.91. This represents a 25.29 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Edward H. Frank sold 995 shares of Analog Devices stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $234.31, for a total value of $233,138.45. Following the sale, the director now directly owns 3,753 shares of the company’s stock, valued at approximately $879,365.43. This trade represents a 20.96 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 110,995 shares of company stock worth $25,116,338 over the last ninety days. 0.31% of the stock is owned by corporate insiders.

Analog Devices Trading Down 2.0 %

Analog Devices stock opened at $219.05 on Wednesday. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.24 and a current ratio of 1.69. Analog Devices, Inc. has a fifty-two week low of $179.63 and a fifty-two week high of $244.14. The stock has a market cap of $108.76 billion, a P/E ratio of 65.78, a PEG ratio of 3.02 and a beta of 1.08. The firm’s fifty day moving average price is $224.75 and its 200-day moving average price is $225.92.

Analog Devices Profile

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.