Rothschild Investment Corp IL decreased its stake in Analog Devices, Inc. (NASDAQ:ADI) by 1.6% during the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 7,090 shares of the semiconductor company’s stock after selling 115 shares during the quarter. Rothschild Investment Corp IL’s holdings in Analog Devices were worth $800,000 at the end of the most recent quarter.

A number of other hedge funds also recently made changes to their positions in ADI. Berman Capital Advisors LLC raised its position in shares of Analog Devices by 43.8% in the 1st quarter. Berman Capital Advisors LLC now owns 299 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 91 shares in the last quarter. Liberty Wealth Management LLC bought a new position in shares of Analog Devices in the 4th quarter worth about $33,000. Massmutual Trust Co. FSB ADV bought a new position in shares of Analog Devices in the 4th quarter worth about $34,000. TCI Wealth Advisors Inc. raised its position in shares of Analog Devices by 820.0% in the 1st quarter. TCI Wealth Advisors Inc. now owns 322 shares of the semiconductor company’s stock worth $34,000 after acquiring an additional 287 shares in the last quarter. Finally, Hanson McClain Inc. raised its position in shares of Analog Devices by 44.8% in the 1st quarter. Hanson McClain Inc. now owns 459 shares of the semiconductor company’s stock worth $48,000 after acquiring an additional 142 shares in the last quarter. 89.27% of the stock is currently owned by institutional investors and hedge funds.

In other news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, July 1st. The stock was sold at an average price of $115.23, for a total value of $1,152,300.00. Following the transaction, the chief executive officer now owns 31,206 shares in the company, valued at approximately $3,595,867.38. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director James Champy sold 8,260 shares of the business’s stock in a transaction that occurred on Wednesday, July 24th. The stock was sold at an average price of $121.02, for a total value of $999,625.20. Following the completion of the transaction, the director now owns 17,390 shares in the company, valued at approximately $2,104,537.80. The disclosure for this sale can be found here. Insiders have sold a total of 102,266 shares of company stock valued at $10,986,774 in the last quarter. Company insiders own 0.50% of the company’s stock.

Several research analysts have recently weighed in on the company. Goldman Sachs Group lowered SUMCO CORP/ADR from a “buy” rating to a “neutral” rating in a research report on Monday, June 10th. SunTrust Banks decreased their target price on Analog Devices to $122.00 and set a “buy” rating for the company in a research report on Thursday, May 23rd. Piper Jaffray Companies lowered Acacia Communications from an “overweight” rating to a “neutral” rating and boosted their target price for the company from $68.00 to $70.00 in a research report on Tuesday, July 9th. Royal Bank of Canada decreased their target price on Analog Devices from $140.00 to $120.00 and set an “outperform” rating for the company in a research report on Wednesday, May 22nd. Finally, BidaskClub raised Xilinx from a “hold” rating to a “buy” rating in a research report on Wednesday, July 24th. One analyst has rated the stock with a sell rating, six have issued a hold rating and fourteen have issued a buy rating to the company. Analog Devices presently has an average rating of “Buy” and a consensus price target of $109.94.

ADI stock traded up $0.49 during mid-day trading on Monday, reaching $122.29. 416,570 shares of the company traded hands, compared to its average volume of 1,816,024. The firm has a market cap of $45.04 billion, a PE ratio of 20.59, a price-to-earnings-growth ratio of 1.87 and a beta of 1.43. The company has a current ratio of 1.52, a quick ratio of 1.08 and a debt-to-equity ratio of 0.48. Analog Devices, Inc. has a fifty-two week low of $76.62 and a fifty-two week high of $124.79. The company has a 50 day simple moving average of $112.17.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, May 22nd. The semiconductor company reported $1.36 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.30 by $0.06. The business had revenue of $1.53 billion during the quarter, compared to the consensus estimate of $1.50 billion. Analog Devices had a return on equity of 19.17% and a net margin of 25.18%. The company’s quarterly revenue was down 2.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.45 EPS. On average, equities analysts predict that Analog Devices, Inc. will post 5.24 EPS for the current fiscal year.

Analog Devices Profile

Analog Devices, Inc engages in the design, development, manufacture, and marketing of integrated circuits (ICs). Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable consumer devices.

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

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