Charter Trust Co buys $1,264,535 stake in Analog Devices (ADI)

Analog Devices (ADI) : Charter Trust Co scooped up 1,194 additional shares in Analog Devices during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Oct 14, 2016. The investment management firm now holds a total of 20,376 shares of Analog Devices which is valued at $1,264,535.Analog Devices makes up approximately 0.15% of Charter Trust Co’s portfolio.

Other Hedge Funds, Including , Reliance Trust Co Of Delaware reduced its stake in ADI by selling 3,927 shares or 30.2% in the most recent quarter. The Hedge Fund company now holds 9,075 shares of ADI which is valued at $563,195. Analog Devices makes up approx 0.05% of Reliance Trust Co Of Delaware’s portfolio.Fruth Investment Management reduced its stake in ADI by selling 800 shares or 5.44% in the most recent quarter. The Hedge Fund company now holds 13,900 shares of ADI which is valued at $863,190. Analog Devices makes up approx 0.44% of Fruth Investment Management’s portfolio. Eagle Asset Management Inc added ADI to its portfolio by purchasing 27,695 company shares during the most recent quarter which is valued at $1,719,860. Analog Devices makes up approx 0.01% of Eagle Asset Management Inc’s portfolio.Bnp Paribas Arbitrage Sa boosted its stake in ADI in the latest quarter, The investment management firm added 16,411 additional shares and now holds a total of 132,285 shares of Analog Devices which is valued at $8,556,194. Analog Devices makes up approx 0.04% of Bnp Paribas Arbitrage Sa’s portfolio.

Analog Devices opened for trading at $61.11 and hit $62.71 on the upside on Friday, eventually ending the session at $62.06, with a gain of 2.22% or 1.35 points. The heightened volatility saw the trading volume jump to 38,34,677 shares. Company has a market cap of $19,082 M.

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 Stifel on Sep 8, 2016 to “Buy”, Firm has raised the Price Target to $ 80 from a previous price target of $78 .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 .

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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