Analog Devices (ADI) : Choate Investment Advisors reduced its stake in Analog Devices by 0.08% during the most recent quarter end. The investment management company now holds a total of 293,057 shares of Analog Devices which is valued at $18,825,982 after selling 222 shares in Analog Devices , the firm said in a disclosure report filed with the SEC on Aug 11, 2016.Analog Devices makes up approximately 1.25% of Choate Investment Advisors’s portfolio.
Other Hedge Funds, Including , Bluemountain Capital Management boosted its stake in ADI in the latest quarter, The investment management firm added 10,952 additional shares and now holds a total of 12,469 shares of Analog Devices which is valued at $801,009. Analog Devices makes up approx 0.02% of Bluemountain Capital Management’s portfolio. Skba Capital Management sold out all of its stake in ADI during the most recent quarter. The investment firm sold 3,600 shares of ADI which is valued $231,264.Norinchukin Bank The boosted its stake in ADI in the latest quarter, The investment management firm added 211 additional shares and now holds a total of 16,121 shares of Analog Devices which is valued at $1,034,001. Analog Devices makes up approx 0.02% of Norinchukin Bank The’s portfolio. Wedbush Securities Inc added ADI to its portfolio by purchasing 3,798 company shares during the most recent quarter which is valued at $238,780. Analog Devices makes up approx 0.04% of Wedbush Securities Inc’s portfolio.
Analog Devices closed down -0.04 points or -0.06% at $63.8 with 19,35,556 shares getting traded on Tuesday. Post opening the session at $64.38, the shares hit an intraday low of $63.79 and an intraday high of $64.74 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.
On the company’s financial health, Analog Devices reported $0.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 17, 2016. Analyst had a consensus of $0.76. The company had revenue of $869.59 million for the quarter, compared to analysts expectations of $849.90 million. The company’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 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 Companys 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 customers products in the industrial automotive consumer and communications markets.