Analog Devices (ADI) : Eastern Bank scooped up 34,639 additional shares in Analog Devices during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Jul 15, 2016. The investment management firm now holds a total of 271,821 shares of Analog Devices which is valued at $16,426,143.Analog Devices makes up approximately 1.29% of Eastern Bank’s portfolio.
Other Hedge Funds, Including , Nn Investment Partners Holdings N.v. boosted its stake in ADI in the latest quarter, The investment management firm added 300 additional shares and now holds a total of 2,079 shares of Analog Devices which is valued at $123,742.Exxonmobil Investment Management Inc Tx boosted its stake in ADI in the latest quarter, The investment management firm added 4,076 additional shares and now holds a total of 79,558 shares of Analog Devices which is valued at $4,593,679. Analog Devices makes up approx 0.10% of Exxonmobil Investment Management Inc Tx’s portfolio.Bank Of Stockton boosted its stake in ADI in the latest quarter, The investment management firm added 225 additional shares and now holds a total of 16,714 shares of Analog Devices which is valued at $965,066. Analog Devices makes up approx 0.51% of Bank Of Stockton’s portfolio.Raymond James Trust N.a. boosted its stake in ADI in the latest quarter, The investment management firm added 353 additional shares and now holds a total of 60,821 shares of Analog Devices which is valued at $3,511,805. Analog Devices makes up approx 0.29% of Raymond James Trust N.a.’s portfolio.
Analog Devices opened for trading at $60.5 and hit $60.83 on the upside on Monday, eventually ending the session at $60.43, with a gain of 0.47% or 0.28 points. The heightened volatility saw the trading volume jump to 18,36,765 shares. Company has a market cap of $18,573 M.
On the company’s financial health, Analog Devices reported $0.64 EPS for the quarter, beating the analyst consensus estimate by $ 0.02 according to the earnings call on May 18, 2016. Analyst had a consensus of $0.62. The company had revenue of $778.80 million for the quarter, compared to analysts expectations of $777.65 million. The company’s revenue was down -5.1 % compared to the same quarter last year.During the same quarter in the previous year, the company posted $0.73 EPS.
Many Wall Street Analysts have commented on Analog Devices. Shares were Reiterated by RBC Capital Mkts on Jul 1, 2016 to “Outperform” and Lowered the Price Target to $ 63 from a previous price target of $65 .Analog Devices was Downgraded by BofA/Merrill to ” Neutral” on Jun 27, 2016. Goldman Initiated Analog Devices on Jun 2, 2016 to “Sell”, Price Target of the shares are set at $50.
Analog Devices Inc. is engaged in the design manufacture and marketing of high-performance analog mixed-signal and digital signal processing integrated circuits (ICs). The Company is focused on solving the engineering challenges associated with signal processing in electronic equipment. The Companys produces a wide range of products including data converters amplifiers and linear products radio frequency (RF) ICs power management products sensors based on micro-electro mechanical systems (MEMS) technology and other sensors and processing products including DSP and other processors that are designed to meet the needs of a broad base of customers. The Company focuses on strategic markets where its signal processing technology is often a critical differentiator in its customers products in the industrial automotive consumer and communications markets.