Bank of Montreal Can Sells 2,706 Shares of Analog Devices, Inc. (ADI)

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Bank of Montreal Can trimmed its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 1.3% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 198,954 shares of the semiconductor company’s stock after selling 2,706 shares during the period. Bank of Montreal Can owned approximately 0.05% of Analog Devices worth $17,077,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other large investors have also bought and sold shares of the stock. Vanguard Group Inc. lifted its position in shares of Analog Devices by 1.6% in the 3rd quarter. Vanguard Group Inc. now owns 31,687,292 shares of the semiconductor company’s stock worth $2,929,807,000 after acquiring an additional 496,719 shares during the period. Vanguard Group Inc lifted its position in shares of Analog Devices by 1.6% in the 3rd quarter. Vanguard Group Inc now owns 31,687,292 shares of the semiconductor company’s stock worth $2,929,807,000 after acquiring an additional 496,719 shares during the period. BlackRock Inc. lifted its position in shares of Analog Devices by 1.0% in the 3rd quarter. BlackRock Inc. now owns 24,272,230 shares of the semiconductor company’s stock worth $2,244,211,000 after acquiring an additional 240,811 shares during the period. Massachusetts Financial Services Co. MA lifted its position in shares of Analog Devices by 0.7% in the 3rd quarter. Massachusetts Financial Services Co. MA now owns 17,047,903 shares of the semiconductor company’s stock worth $1,576,249,000 after acquiring an additional 118,861 shares during the period. Finally, Franklin Resources Inc. raised its holdings in shares of Analog Devices by 1.6% in the 3rd quarter. Franklin Resources Inc. now owns 11,756,513 shares of the semiconductor company’s stock worth $1,087,005,000 after buying an additional 180,025 shares in the last quarter. 90.66% of the stock is currently owned by hedge funds and other institutional investors.

In other news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction on Monday, December 3rd. The stock was sold at an average price of $93.34, for a total value of $933,400.00. Following the transaction, the chief executive officer now directly owns 27,376 shares in the company, valued at approximately $2,555,275.84. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP Margaret K. Seif sold 2,700 shares of Analog Devices stock in a transaction dated Monday, February 4th. The stock was sold at an average price of $100.47, for a total value of $271,269.00. Following the transaction, the senior vice president now owns 24,517 shares in the company, valued at $2,463,222.99. The disclosure for this sale can be found here. Insiders sold a total of 35,803 shares of company stock worth $3,264,080 over the last quarter. Corporate insiders own 0.50% of the company’s stock.

A number of brokerages have recently issued reports on ADI. Morgan Stanley reissued an “equal weight” rating on shares of Analog Devices in a report on Wednesday, December 19th. B. Riley increased their target price on Analog Devices to $105.00 and gave the stock a “buy” rating in a report on Wednesday, November 21st. Royal Bank of Canada cut Analog Devices from an “outperform” rating to a “sector perform” rating and set a $81.00 target price for the company. in a report on Friday, January 4th. Evercore ISI dropped their target price on Analog Devices from $105.00 to $96.00 in a report on Monday, January 14th. Finally, Barclays reissued a “hold” rating and issued a $102.00 target price on shares of Analog Devices in a report on Friday, January 18th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, fourteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $100.65.

Shares of ADI opened at $104.42 on Thursday. The firm has a market capitalization of $38.43 billion, a price-to-earnings ratio of 17.58, a PEG ratio of 1.50 and a beta of 1.24. The company has a debt-to-equity ratio of 0.57, a quick ratio of 1.08 and a current ratio of 1.50. Analog Devices, Inc. has a 52 week low of $76.62 and a 52 week high of $105.09.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Tuesday, November 20th. The semiconductor company reported $1.55 EPS for the quarter, beating the Zacks’ consensus estimate of $1.52 by $0.03. The firm had revenue of $1.60 billion for the quarter, compared to analyst estimates of $1.57 billion. Analog Devices had a return on equity of 20.88% and a net margin of 24.12%. The business’s quarterly revenue was up 3.6% compared to the same quarter last year. During the same period last year, the company earned $1.45 EPS. Analysts forecast that Analog Devices, Inc. will post 5.42 EPS for the current year.

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Analog Devices Company Profile

Analog Devices, Inc designs, manufactures, and markets integrated circuits (ICs), algorithms, software, and subsystems that leverage analog, mixed-signal, and digital signal processing technologies. The company offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency and microwave ICs to support cellular infrastructure.

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Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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