Valley National Advisers Inc buys $509,419 stake in Analog Devices (ADI)

Analog Devices (ADI) : Valley National Advisers Inc scooped up 34 additional shares in Analog Devices during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Apr 21, 2016. The investment management firm now holds a total of 8,711 shares of Analog Devices which is valued at $509,419.Analog Devices makes up approximately 0.27% of Valley National Advisers Inc’s portfolio.

Analog Devices opened for trading at $58.5 and hit $59.76 on the upside on Wednesday, eventually ending the session at $59.64, with a gain of 0.52% or 0.31 points. The heightened volatility saw the trading volume jump to 17,75,726 shares. Company has a market cap of $18,490 M.

Other Hedge Funds, Including , Gradient Investments reduced its stake in ADI by selling 60,032 shares or 99.48% in the most recent quarter. The Hedge Fund company now holds 314 shares of ADI which is valued at $18,419.State Of Alaska Department Of Revenue boosted its stake in ADI in the latest quarter, The investment management firm added 5,430 additional shares and now holds a total of 24,430 shares of Analog Devices which is valued at $1,433,064. Analog Devices makes up approx 0.15% of State Of Alaska Department Of Revenue’s portfolio.Livforsakringsbolaget Skandia Omsesidigt reduced its stake in ADI by selling 10,100 shares or 30.09% in the most recent quarter. The Hedge Fund company now holds 23,465 shares of ADI which is valued at $1,376,457. Analog Devices makes up approx 0.06% of Livforsakringsbolaget Skandia Omsesidigt’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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