Cantillon Capital Management Lowers stake in Analog Devices (ADI)

Analog Devices (ADI) : Cantillon Capital Management reduced its stake in Analog Devices by 2.59% during the most recent quarter end. The investment management company now holds a total of 7,020,997 shares of Analog Devices which is valued at $441,410,081 after selling 186,694 shares in Analog Devices , the firm said in a disclosure report filed with the SEC on Aug 3, 2016.Analog Devices makes up approximately 7.01% of Cantillon Capital Management’s portfolio.

Other Hedge Funds, Including , Intrust Bank Na reduced its stake in ADI by selling 831 shares or 18.22% in the most recent quarter. The Hedge Fund company now holds 3,731 shares of ADI which is valued at $234,568. Analog Devices makes up approx 0.09% of Intrust Bank Na’s portfolio.Hussman Strategic Advisors reduced its stake in ADI by selling 1,200 shares or 48.0% in the most recent quarter. The Hedge Fund company now holds 1,300 shares of ADI which is valued at $81,731. Analog Devices makes up approx 0.01% of Hussman Strategic Advisors’s portfolio. Tahithromos L.l.c. sold out all of its stake in ADI during the most recent quarter. The investment firm sold 105,703 shares of ADI which is valued $6,747,022.S&co Inc reduced its stake in ADI by selling 560 shares or 10.07% in the most recent quarter. The Hedge Fund company now holds 5,000 shares of ADI which is valued at $302,000. Analog Devices makes up approx 0.05% of S&co Inc’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.

Analog Devices closed down -0.25 points or -0.39% at $63.44 with 18,39,219 shares getting traded on Monday. Post opening the session at $63.83, the shares hit an intraday low of $63.29 and an intraday high of $63.94 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

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. Company shares were Reiterated by Deutsche Bank on Jul 27, 2016 to “Hold”, Firm has raised the Price Target to $ 65 from a previous price target of $55 .Company shares were Reiterated by Barclays on Jul 27, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 64 from a previous price target of $55 .Company shares were Reiterated by MKM Partners on Jul 27, 2016 to “Neutral”, Firm has raised the Price Target to $ 66 from a previous price target of $56 .

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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