Spf Beheer Bv Lowers stake in Analog Devices (ADI)

Analog Devices (ADI) : Spf Beheer Bv reduced its stake in Analog Devices by 5.15% during the most recent quarter end. The investment management company now holds a total of 1,003,707 shares of Analog Devices which is valued at $64,377,767 after selling 54,506 shares in Analog Devices , the firm said in a disclosure report filed with the SEC on Aug 8, 2016.Analog Devices makes up approximately 3.28% of Spf Beheer Bv’s portfolio.

Other Hedge Funds, Including , Oppenheimer Co Inc boosted its stake in ADI in the latest quarter, The investment management firm added 1,824 additional shares and now holds a total of 32,060 shares of Analog Devices which is valued at $2,056,328. Analog Devices makes up approx 0.06% of Oppenheimer Co Inc’s portfolio. Opus Capital Group sold out all of its stake in ADI during the most recent quarter. The investment firm sold 10,994 shares of ADI which is valued $700,208.California Public Employees Retirement System reduced its stake in ADI by selling 49,400 shares or 6.58% in the most recent quarter. The Hedge Fund company now holds 701,900 shares of ADI which is valued at $44,128,453. Analog Devices makes up approx 0.07% of California Public Employees Retirement System’s portfolio.

Analog Devices opened for trading at $64.24 and hit $65.49 on the upside on Monday, eventually ending the session at $65.27, with a gain of 1.60% or 1.03 points. The heightened volatility saw the trading volume jump to 25,34,051 shares. Company has a market cap of $20,060 M.

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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