Daiwa Sb Investments Ltd. buys $9,831,416 stake in Analog Devices (ADI)

Analog Devices (ADI) : Daiwa Sb Investments Ltd. scooped up 9,746 additional shares in Analog Devices during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 12, 2016. The investment management firm now holds a total of 167,600 shares of Analog Devices which is valued at $9,831,416.Analog Devices makes up approximately 2.47% of Daiwa Sb Investments Ltd.’s portfolio.

Analog Devices closed down -0.78 points or -1.31% at $58.66 with 20,76,561 shares getting traded on Friday. Post opening the session at $59.39, the shares hit an intraday low of $58.64 and an intraday high of $59.39 and the price fluctuated in this range throughout the day.Shares ended Friday session in Red.

Other Hedge Funds, Including , Gofen Glossberg Il reduced its stake in ADI by selling 197 shares or 0.39% in the most recent quarter. The Hedge Fund company now holds 50,670 shares of ADI which is valued at $2,972,302. Analog Devices makes up approx 0.13% of Gofen Glossberg Il’s portfolio.Central Trust Co boosted its stake in ADI in the latest quarter, The investment management firm added 575 additional shares and now holds a total of 2,091 shares of Analog Devices which is valued at $122,658. Analog Devices makes up approx 0.01% of Central Trust Co’s portfolio.Exxonmobil Investment Management Inc Tx boosted its stake in ADI in the latest quarter, The investment management firm added 5,536 additional shares and now holds a total of 75,482 shares of Analog Devices which is valued at $4,427,774. Analog Devices makes up approx 0.10% of Exxonmobil Investment Management Inc Tx’s portfolio.Proficio Capital Partners reduced its stake in ADI by selling 41 shares or 75.93% in the most recent quarter. The Hedge Fund company now holds 13 shares of ADI which is valued at $762.Chevy Chase Trust Holdings boosted its stake in ADI in the latest quarter, The investment management firm added 4,354 additional shares and now holds a total of 262,067 shares of Analog Devices which is valued at $15,357,126. Analog Devices makes up approx 0.09% of Chevy Chase Trust Holdings’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. Drexel Hamilton Initiated Analog Devices on Mar 2, 2016 to “Buy”, Price Target of the shares are set at $62.Analog Devices was Upgraded by Nomura to ” Neutral” on Jan 15, 2016. Shares were Reiterated by RBC Capital Mkts on Jan 15, 2016 to “Outperform” and Lowered the Price Target to $ 58 from a previous price target of $69 .

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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