Analog Devices, Inc. (NASDAQ:ADI) Shares Sold by Koshinski Asset Management Inc.

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Koshinski Asset Management Inc. lessened its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 7.1% in the second quarter, according to its most recent filing with the SEC. The fund owned 4,422 shares of the semiconductor company’s stock after selling 338 shares during the period. Koshinski Asset Management Inc.’s holdings in Analog Devices were worth $542,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Stratos Wealth Partners LTD. lifted its position in shares of Analog Devices by 13.8% in the 1st quarter. Stratos Wealth Partners LTD. now owns 6,160 shares of the semiconductor company’s stock valued at $552,000 after acquiring an additional 747 shares in the last quarter. Private Trust Co. NA boosted its position in shares of Analog Devices by 7.7% in the second quarter. Private Trust Co. NA now owns 16,867 shares of the semiconductor company’s stock worth $2,085,000 after buying an additional 1,208 shares during the period. Robecosam AG boosted its position in shares of Analog Devices by 9.0% in the second quarter. Robecosam AG now owns 449,000 shares of the semiconductor company’s stock worth $55,065,000 after buying an additional 37,000 shares during the period. DNB Asset Management AS raised its position in Analog Devices by 10.2% during the second quarter. DNB Asset Management AS now owns 41,209 shares of the semiconductor company’s stock valued at $5,054,000 after buying an additional 3,820 shares during the period. Finally, J. W. Coons Advisors LLC purchased a new stake in Analog Devices in the 1st quarter worth about $325,000. 85.36% of the stock is owned by institutional investors and hedge funds.

In other news, SVP Steve Pietkiewicz sold 3,710 shares of the firm’s stock in a transaction on Wednesday, June 17th. The shares were sold at an average price of $123.29, for a total value of $457,405.90. Also, Director James Champy sold 2,155 shares of the business’s stock in a transaction on Wednesday, May 27th. The stock was sold at an average price of $113.61, for a total transaction of $244,829.55. Following the transaction, the director now directly owns 12,415 shares in the company, valued at approximately $1,410,468.15. The disclosure for this sale can be found here. Insiders have sold a total of 14,325 shares of company stock valued at $1,661,769 in the last three months. 0.42% of the stock is owned by insiders.

Several equities analysts have weighed in on the company. SunTrust Banks lifted their target price on Analog Devices from $93.00 to $104.00 and gave the company a “hold” rating in a research note on Tuesday, June 30th. Stifel Nicolaus boosted their price objective on shares of Analog Devices from $115.00 to $125.00 and gave the company a “buy” rating in a research report on Thursday, May 21st. Barclays cut their target price on shares of Analog Devices from $135.00 to $115.00 and set an “overweight” rating for the company in a research report on Friday, April 17th. Oppenheimer started coverage on shares of Analog Devices in a report on Wednesday, June 10th. They set a “buy” rating and a $140.00 price target on the stock. Finally, BidaskClub lowered Analog Devices from a “hold” rating to a “sell” rating in a report on Friday, July 24th. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating, thirteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus target price of $125.68.

NASDAQ:ADI opened at $114.85 on Friday. The company’s 50 day moving average is $119.00 and its 200-day moving average is $110.55. The company has a quick ratio of 0.92, a current ratio of 1.30 and a debt-to-equity ratio of 0.44. Analog Devices, Inc. has a 12 month low of $79.07 and a 12 month high of $127.39. The firm has a market cap of $42.31 billion, a price-to-earnings ratio of 38.54, a P/E/G ratio of 1.85 and a beta of 1.35.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, May 20th. The semiconductor company reported $1.08 EPS for the quarter, topping the consensus estimate of $1.05 by $0.03. Analog Devices had a net margin of 20.05% and a return on equity of 14.51%. The firm had revenue of $1.32 billion for the quarter, compared to the consensus estimate of $1.32 billion. During the same quarter last year, the firm posted $1.36 EPS. The business’s quarterly revenue was down 13.7% on a year-over-year basis. Research analysts predict that Analog Devices, Inc. will post 4.65 EPS for the current fiscal year.

Analog Devices Company 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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