West Oak Capital Lowers stake in Analog Devices (ADI)

Analog Devices (ADI) : West Oak Capital reduced its stake in Analog Devices by 0.14% during the most recent quarter end. The investment management company now holds a total of 21,400 shares of Analog Devices which is valued at $1,384,152 after selling 30 shares in Analog Devices , the firm said in a disclosure report filed with the SEC on Oct 4, 2016.Analog Devices makes up approximately 0.96% of West Oak Capital’s portfolio.

Other Hedge Funds, Including , Washington Trust Bank boosted its stake in ADI in the latest quarter, The investment management firm added 641 additional shares and now holds a total of 670 shares of Analog Devices which is valued at $43,336. Analog Devices makes up approx 0.01% of Washington Trust Bank’s portfolio.Harbour Capital Advisors reduced its stake in ADI by selling 4,265 shares or 41.71% in the most recent quarter. The Hedge Fund company now holds 5,960 shares of ADI which is valued at $385,493. Analog Devices makes up approx 0.21% of Harbour Capital Advisors’s portfolio.

Analog Devices closed down -0.01 points or -0.02% at $64.24 with 15,72,049 shares getting traded on Tuesday. Post opening the session at $64.21, the shares hit an intraday low of $63.98 and an intraday high of $64.93 and the price fluctuated in this range throughout the day.Shares ended Tuesday session in Red.

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. 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 .Company shares were Reiterated by Deutsche Bank on Jul 27, 2016 to “Hold”, Firm has raised the Price Target to $ 65 from a previous price target of $55 .Company shares were Reiterated by Barclays on Jul 27, 2016 to “Equal Weight”, Firm has raised the Price Target to $ 64 from a previous price target of $55 .

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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