OLD National Bancorp IN Increases Holdings in Analog Devices, Inc. (ADI)

OLD National Bancorp IN raised its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 324.7% in the 4th quarter, HoldingsChannel.com reports. The fund owned 80,620 shares of the semiconductor company’s stock after buying an additional 61,636 shares during the quarter. OLD National Bancorp IN’s holdings in Analog Devices were worth $7,178,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sit Investment Associates Inc. lifted its stake in Analog Devices by 381.1% during the 4th quarter. Sit Investment Associates Inc. now owns 1,275 shares of the semiconductor company’s stock valued at $114,000 after acquiring an additional 1,010 shares during the period. Cerebellum GP LLC acquired a new stake in Analog Devices during the 4th quarter valued at approximately $130,000. Fieldpoint Private Securities LLC lifted its stake in Analog Devices by 91.6% during the 3rd quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock valued at $127,000 after acquiring an additional 705 shares during the period. Clear Perspective Advisors LLC lifted its stake in Analog Devices by 3,884.2% during the 3rd quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock valued at $130,000 after acquiring an additional 1,476 shares during the period. Finally, NEXT Financial Group Inc lifted its stake in Analog Devices by 64.4% during the 3rd quarter. NEXT Financial Group Inc now owns 1,532 shares of the semiconductor company’s stock valued at $136,000 after acquiring an additional 600 shares during the period. Institutional investors and hedge funds own 86.20% of the company’s stock.

In other news, SVP Gregory N. Henderson sold 4,000 shares of the company’s stock in a transaction on Friday, January 5th. The shares were sold at an average price of $91.52, for a total transaction of $366,080.00. Following the completion of the sale, the senior vice president now owns 1,163 shares of the company’s stock, valued at $106,437.76. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, SVP Margaret K. Seif sold 7,000 shares of the company’s stock in a transaction on Tuesday, December 5th. The stock was sold at an average price of $84.53, for a total transaction of $591,710.00. Following the sale, the senior vice president now directly owns 20,404 shares of the company’s stock, valued at approximately $1,724,750.12. The disclosure for this sale can be found here. In the last three months, insiders sold 186,061 shares of company stock valued at $16,163,741. 1.10% of the stock is owned by insiders.

Several brokerages have commented on ADI. BidaskClub upgraded shares of Analog Devices from a “hold” rating to a “buy” rating in a research note on Saturday, January 20th. Royal Bank of Canada restated a “buy” rating and set a $100.00 price objective on shares of Analog Devices in a research note on Thursday, January 4th. Piper Jaffray Companies began coverage on shares of Analog Devices in a research note on Monday, December 18th. They set a “neutral” rating and a $92.00 price objective for the company. Morgan Stanley lifted their price objective on shares of Analog Devices from $103.00 to $108.00 and gave the company an “overweight” rating in a research note on Wednesday, December 13th. Finally, KeyCorp restated a “buy” rating and set a $107.00 price objective on shares of Analog Devices in a research note on Friday, November 24th. Eleven analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The company has an average rating of “Buy” and a consensus price target of $97.21.

Shares of Analog Devices, Inc. (NASDAQ:ADI) opened at $83.93 on Friday. The company has a market cap of $31,278.53, a price-to-earnings ratio of 17.93, a P/E/G ratio of 1.55 and a beta of 1.28. The company has a quick ratio of 1.13, a current ratio of 1.47 and a debt-to-equity ratio of 0.74. Analog Devices, Inc. has a 1-year low of $74.65 and a 1-year high of $98.38.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 EPS for the quarter, topping the consensus estimate of $1.36 by $0.09. The company had revenue of $1.54 billion during the quarter, compared to analyst estimates of $1.50 billion. Analog Devices had a net margin of 14.22% and a return on equity of 18.78%. The firm’s revenue was up 53.4% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.05 EPS. analysts expect that Analog Devices, Inc. will post 5.2 earnings per share for the current year.

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Analog Devices 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.

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

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