Daiwa Sb Investments Ltd. buys $10,155,311 stake in Analog Devices (ADI)

Analog Devices (ADI) : Daiwa Sb Investments Ltd. scooped up 8,280 additional shares in Analog Devices during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 8, 2016. The investment management firm now holds a total of 175,880 shares of Analog Devices which is valued at $10,155,311.Analog Devices makes up approximately 2.91% of Daiwa Sb Investments Ltd.’s portfolio.

Other Hedge Funds, Including , Chevy Chase Trust Holdings boosted its stake in ADI in the latest quarter, The investment management firm added 968 additional shares and now holds a total of 263,035 shares of Analog Devices which is valued at $15,187,641. Analog Devices makes up approx 0.08% of Chevy Chase Trust Holdings’s portfolio.West Oak Capital boosted its stake in ADI in the latest quarter, The investment management firm added 115 additional shares and now holds a total of 21,430 shares of Analog Devices which is valued at $1,237,368. Analog Devices makes up approx 0.88% of West Oak Capital’s portfolio. Kistler-tiffany Companies added ADI to its portfolio by purchasing 14 company shares during the most recent quarter which is valued at $808.Marshwinds Advisory Co reduced its stake in ADI by selling 349 shares or 1.91% in the most recent quarter. The Hedge Fund company now holds 17,942 shares of ADI which is valued at $1,035,971. Analog Devices makes up approx 0.50% of Marshwinds Advisory Co’s portfolio.

Analog Devices opened for trading at $59.27 and hit $59.62 on the upside on Wednesday, eventually ending the session at $59.52, with a gain of 0.90% or 0.53 points. The heightened volatility saw the trading volume jump to 24,78,024 shares. Company has a market cap of $18,293 M.

On the company’s financial health, Analog Devices reported $0.64 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 18, 2016. Analyst had a consensus of $0.62. The company had revenue of $778.80 million for the quarter, compared to analysts expectations of $777.65 million. The company’s revenue was down -5.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.73 EPS.

Many Wall Street Analysts have commented on Analog Devices. Shares were Reiterated by RBC Capital Mkts on Jul 1, 2016 to “Outperform” and Lowered the Price Target to $ 63 from a previous price target of $65 .Analog Devices was Downgraded by BofA/Merrill to ” Neutral” on Jun 27, 2016. Goldman Initiated Analog Devices on Jun 2, 2016 to “Sell”, Price Target of the shares are set at $50.

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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