Weaver C. Barksdale Associates Lowers stake in Analog Devices (ADI)

Analog Devices (ADI) : Weaver C. Barksdale Associates reduced its stake in Analog Devices by 0.75% during the most recent quarter end. The investment management company now holds a total of 15,183 shares of Analog Devices which is valued at $889,724 after selling 115 shares in Analog Devices according to a report filed by the company on Apr 5, 2016 with the SEC.Analog Devices makes up approximately 0.67% of Weaver C. Barksdale Associates’s portfolio.

Other Hedge Funds, Including , West Oak Capital reduced its stake in ADI by selling 175 shares or 0.81% in the most recent quarter. The Hedge Fund company now holds 21,315 shares of ADI which is valued at $1.2 Million. Analog Devices makes up approx 0.97% of West Oak Capital’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 closed down -0.2 points or -0.34% at $58.6 with 15,05,834 shares getting traded on Monday. Post opening the session at $59.09, the shares hit an intraday low of $58.57 and an intraday high of $59.64 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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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