American Research Management buys $8,224,916 stake in Analog Devices (ADI)

Analog Devices (ADI) : American Research Management scooped up 325 additional shares in Analog Devices during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 26, 2016. The investment management firm now holds a total of 146,039 shares of Analog Devices which is valued at $8,224,916.Analog Devices makes up approximately 3.44% of American Research Management’s portfolio.

Analog Devices opened for trading at $56.31 and hit $57.04 on the upside on Monday, eventually ending the session at $57.01, with a gain of 1.23% or 0.69 points. The heightened volatility saw the trading volume jump to 17,03,952 shares. Company has a market cap of $17,674 M.

Other Hedge Funds, Including , Physicians Financial Services reduced its stake in ADI by selling 2,565 shares or 96.32% in the most recent quarter. The Hedge Fund company now holds 98 shares of ADI which is valued at $5,519. Analog Devices makes up approx 0.01% of Physicians Financial Services’s portfolio. Moody Aldrich Partners sold out all of its stake in ADI during the most recent quarter. The investment firm sold 11,720 shares of ADI which is valued $660,070.Carroll Financial Associates boosted its stake in ADI in the latest quarter, The investment management firm added 70 additional shares and now holds a total of 454 shares of Analog Devices which is valued at $26,550.Cornerstone Advisors boosted its stake in ADI in the latest quarter, The investment management firm added 91 additional shares and now holds a total of 137 shares of Analog Devices which is valued at $8,012. Analog Devices makes up approx 0.01% of Cornerstone Advisors’s portfolio.Somerset Trust Co boosted its stake in ADI in the latest quarter, The investment management firm added 511 additional shares and now holds a total of 20,210 shares of Analog Devices which is valued at $1,185,519. Analog Devices makes up approx 0.78% of Somerset Trust Co’s portfolio.

On the company’s financial health, Analog Devices reported $0.56 EPS for the quarter, beating the analyst consensus estimate by $ 0.03 according to the earnings call on Feb 17, 2016. Analyst had a consensus of $0.53. The company had revenue of $769.40 million for the quarter, compared to analysts expectations of $755.02 million. The company’s revenue was down -.3 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.63 EPS.

Many Wall Street Analysts have commented on Analog Devices. Analog Devices was Downgraded by Raymond James to ” Outperform” on Apr 19, 2016. Drexel Hamilton Initiated Analog Devices on Mar 2, 2016 to “Buy”, Price Target of the shares are set at $62.

Analog Devices Inc. is engaged in the design manufacture and marketing of high-performance analog mixed-signal and digital signal processing integrated circuits (ICs). The Company is focused on solving the engineering challenges associated with signal processing in electronic equipment. The Company’s produces a wide range of products including data converters amplifiers and linear products radio frequency (RF) ICs power management products sensors based on micro-electro mechanical systems (MEMS) technology and other sensors and processing products including DSP and other processors that are designed to meet the needs of a broad base of customers. The Company focuses on strategic markets where its signal processing technology is often a critical differentiator in its customer’s products in the industrial automotive consumer and communications markets.

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