Weaver C. Barksdale & Associates Inc. Has $904,000 Stake in Analog Devices, Inc. (ADI)

Weaver C. Barksdale & Associates Inc. reduced its position in Analog Devices, Inc. (NASDAQ:ADI) by 0.3% during the second quarter, according to its most recent filing with the SEC. The institutional investor owned 11,625 shares of the semiconductor company’s stock after selling 40 shares during the period. Weaver C. Barksdale & Associates Inc.’s holdings in Analog Devices were worth $904,000 as of its most recent filing with the SEC.

Other institutional investors have also recently modified their holdings of the company. BlackRock Inc. raised its stake in shares of Analog Devices by 3,292.7% in the first quarter. BlackRock Inc. now owns 23,045,295 shares of the semiconductor company’s stock valued at $1,888,562,000 after buying an additional 22,366,040 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Analog Devices by 24.3% in the first quarter. Vanguard Group Inc. now owns 28,205,340 shares of the semiconductor company’s stock valued at $2,311,428,000 after buying an additional 5,506,925 shares in the last quarter. First Eagle Investment Management LLC raised its stake in shares of Analog Devices by 84.6% in the first quarter. First Eagle Investment Management LLC now owns 6,520,656 shares of the semiconductor company’s stock valued at $534,368,000 after buying an additional 2,987,637 shares in the last quarter. FMR LLC raised its stake in shares of Analog Devices by 52.2% in the first quarter. FMR LLC now owns 7,757,023 shares of the semiconductor company’s stock valued at $635,689,000 after buying an additional 2,661,277 shares in the last quarter. Finally, State Street Corp raised its stake in shares of Analog Devices by 20.0% in the first quarter. State Street Corp now owns 14,958,586 shares of the semiconductor company’s stock valued at $1,225,852,000 after buying an additional 2,493,568 shares in the last quarter. Institutional investors own 87.76% of the company’s stock.

Analog Devices, Inc. (NASDAQ:ADI) traded up 1.57% during midday trading on Friday, hitting $78.04. The stock had a trading volume of 1,919,352 shares. The firm has a 50-day moving average of $79.11 and a 200-day moving average of $79.68. Analog Devices, Inc. has a 12-month low of $59.01 and a 12-month high of $90.49. The company has a market cap of $28.64 billion, a PE ratio of 29.89 and a beta of 1.30.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, May 31st. The semiconductor company reported $1.03 EPS for the quarter, beating analysts’ consensus estimates of $0.85 by $0.18. The firm had revenue of $1.10 billion for the quarter, compared to analysts’ expectations of $1.10 billion. Analog Devices had a return on equity of 19.39% and a net margin of 20.88%. The firm’s quarterly revenue was up 41.2% on a year-over-year basis. During the same period in the prior year, the firm posted $0.64 earnings per share. Equities research analysts forecast that Analog Devices, Inc. will post $4.37 EPS for the current year.

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Several research analysts have commented on the company. Stifel Nicolaus restated a “buy” rating and issued a $97.00 target price (up previously from $95.00) on shares of Analog Devices in a research note on Thursday, June 1st. Instinet downgraded Analog Devices from a “neutral” rating to a “reduce” rating and cut their target price for the stock from $82.00 to $72.00 in a research note on Friday, June 2nd. Morgan Stanley restated an “overweight” rating and issued a $96.00 target price (up previously from $93.00) on shares of Analog Devices in a research note on Thursday, June 1st. Deutsche Bank AG restated a “hold” rating and issued a $84.00 target price (up previously from $80.00) on shares of Analog Devices in a research note on Thursday, June 1st. Finally, Stephens upgraded Analog Devices from an “equal weight” rating to an “overweight” rating in a research note on Monday, April 24th. Three analysts have rated the stock with a sell rating, nine have assigned a hold rating, seventeen have given a buy rating and one has given a strong buy rating to the stock. Analog Devices presently has a consensus rating of “Buy” and a consensus target price of $89.92.

In related news, SVP Peter Real sold 4,505 shares of the stock in a transaction on Friday, July 21st. The stock was sold at an average price of $80.07, for a total value of $360,715.35. Following the transaction, the senior vice president now owns 13,531 shares of the company’s stock, valued at $1,083,427.17. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP Margaret K. Seif sold 3,000 shares of the stock in a transaction on Monday, May 22nd. The shares were sold at an average price of $81.54, for a total value of $244,620.00. Following the completion of the transaction, the senior vice president now directly owns 20,404 shares in the company, valued at approximately $1,663,742.16. The disclosure for this sale can be found here. In the last three months, insiders sold 61,086 shares of company stock worth $5,202,514. 1.10% of the stock is owned by corporate insiders.

Analog Devices Company Profile

Analog Devices, Inc (Analog Devices) designs, manufactures and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. Its products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products.

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

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