Northwestern Mutual Investment Management Company buys $6,039,752 stake in Analog Devices (ADI)

Analog Devices (ADI) : Northwestern Mutual Investment Management Company scooped up 678 additional shares in Analog Devices during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Nov 14, 2016. The investment management firm now holds a total of 90,878 shares of Analog Devices which is valued at $6,039,752.Analog Devices makes up approximately 0.13% of Northwestern Mutual Investment Management Company’s portfolio.

Other Hedge Funds, Including , Hightower Advisors boosted its stake in ADI in the latest quarter, The investment management firm added 5,942 additional shares and now holds a total of 9,599 shares of Analog Devices which is valued at $637,950. Analog Devices makes up approx 0.01% of Hightower Advisors’s portfolio.Delphi Private Advisors reduced its stake in ADI by selling 12 shares or 2.03% in the most recent quarter. The Hedge Fund company now holds 580 shares of ADI which is valued at $37,033. Analog Devices makes up approx 0.07% of Delphi Private Advisors’s portfolio.Yellowstone Partners boosted its stake in ADI in the latest quarter, The investment management firm added 346 additional shares and now holds a total of 8,367 shares of Analog Devices which is valued at $531,556. Analog Devices makes up approx 0.20% of Yellowstone Partners’s portfolio.Factory Mutual Insurance Co reduced its stake in ADI by selling 30,000 shares or 6.56% in the most recent quarter. The Hedge Fund company now holds 427,082 shares of ADI which is valued at $27,094,082. Analog Devices makes up approx 0.34% of Factory Mutual Insurance Co’s portfolio.

Analog Devices opened for trading at $67.92 and hit $68.58 on the upside on Monday, eventually ending the session at $68.47, with a gain of 0.38% or 0.26 points. The heightened volatility saw the trading volume jump to 15,80,079 shares. Company has a market cap of $21,053 M.

On the company’s financial health, Analog Devices reported $0.82 EPS for the quarter, beating the analyst consensus estimate by $ 0.06 according to the earnings call on Aug 17, 2016. Analyst had a consensus of $0.76. The company had revenue of $869.59 million for the quarter, compared to analysts expectations of $849.90 million. The company’s revenue was up 11.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.77 EPS.

Many Wall Street Analysts have commented on Analog Devices. Analog Devices was Initiated by CLSA to “Outperform” on Oct 20, 2016. Company shares were Reiterated by Stifel on Sep 8, 2016 to “Buy”, Firm has raised the Price Target to $ 80 from a previous price target of $78 .

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 Company’s 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 customer’s products in the industrial automotive consumer and communications markets.

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