7,302 Shares in Analog Devices, Inc. (NASDAQ:ADI) Bought by Stonebrook Private Inc.

Stonebrook Private Inc. acquired a new position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund acquired 7,302 shares of the semiconductor company's stock, valued at approximately $1,681,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Mount Yale Investment Advisors LLC raised its stake in Analog Devices by 1.0% in the 1st quarter. Mount Yale Investment Advisors LLC now owns 10,955 shares of the semiconductor company's stock valued at $2,167,000 after acquiring an additional 111 shares during the period. Ascent Group LLC lifted its stake in shares of Analog Devices by 156.6% during the 1st quarter. Ascent Group LLC now owns 19,718 shares of the semiconductor company's stock worth $3,900,000 after buying an additional 12,035 shares during the last quarter. Paloma Partners Management Co boosted its holdings in shares of Analog Devices by 483.3% during the 1st quarter. Paloma Partners Management Co now owns 1,518 shares of the semiconductor company's stock worth $300,000 after buying an additional 1,914 shares during the period. Benchmark Investment Advisors LLC grew its stake in Analog Devices by 299.9% in the 1st quarter. Benchmark Investment Advisors LLC now owns 6,355 shares of the semiconductor company's stock valued at $1,257,000 after buying an additional 4,766 shares during the last quarter. Finally, Interval Partners LP bought a new position in Analog Devices in the 1st quarter valued at about $1,978,000. 86.81% of the stock is owned by institutional investors.

Insider Activity

In other news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Friday, November 1st. The shares were sold at an average price of $223.87, for a total transaction of $2,238,700.00. Following the transaction, the chief executive officer now owns 21,983 shares in the company, valued at approximately $4,921,334.21. The trade was a 31.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edward H. Frank sold 995 shares of the firm's stock in a transaction on Thursday, August 29th. The stock was sold at an average price of $234.31, for a total value of $233,138.45. Following the transaction, the director now directly owns 3,753 shares of the company's stock, valued at approximately $879,365.43. This represents a 20.96 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 110,995 shares of company stock worth $25,116,338. Insiders own 0.31% of the company's stock.

Analog Devices Price Performance

Shares of ADI stock traded up $0.63 on Friday, reaching $214.59. The company had a trading volume of 2,695,385 shares, compared to its average volume of 3,063,621. The business's 50-day moving average is $224.87 and its 200 day moving average is $225.56. Analog Devices, Inc. has a one year low of $179.63 and a one year high of $244.14. The company has a quick ratio of 1.24, a current ratio of 1.69 and a debt-to-equity ratio of 0.19. The stock has a market capitalization of $106.54 billion, a PE ratio of 64.44, a price-to-earnings-growth ratio of 3.01 and a beta of 1.08.

Analog Devices (NASDAQ:ADI - Get Free Report) last issued its quarterly earnings data on Wednesday, August 21st. The semiconductor company reported $1.58 EPS for the quarter, beating the consensus estimate of $1.50 by $0.08. The business had revenue of $2.31 billion during the quarter, compared to the consensus estimate of $2.27 billion. Analog Devices had a net margin of 17.07% and a return on equity of 9.47%. The firm's revenue was down 24.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $2.49 EPS. Equities research analysts forecast that Analog Devices, Inc. will post 6.34 EPS for the current fiscal year.

Analyst Ratings Changes

Several research firms have recently commented on ADI. Wells Fargo & Company started coverage on Analog Devices in a research report on Friday. They issued an "equal weight" rating and a $220.00 target price on the stock. Morgan Stanley increased their price objective on Analog Devices from $250.00 to $257.00 and gave the stock an "overweight" rating in a research report on Thursday, August 22nd. Oppenheimer reissued an "outperform" rating and issued a $245.00 target price on shares of Analog Devices in a research report on Thursday, August 22nd. JPMorgan Chase & Co. raised their price target on shares of Analog Devices from $260.00 to $280.00 and gave the stock an "overweight" rating in a research report on Thursday, August 22nd. Finally, Needham & Company LLC reissued a "hold" rating on shares of Analog Devices in a report on Thursday, August 22nd. Six research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat, Analog Devices has an average rating of "Moderate Buy" and an average price target of $252.05.

Analog Devices Company 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.