Cantillon Capital Management LLC Sells 52,158 Shares of Analog Devices, Inc. (ADI)

Cantillon Capital Management LLC Sells 52,158 Shares of Analog Devices, Inc. (ADI)

Cantillon Capital Management LLC decreased its position in Analog Devices, Inc. (NASDAQ:ADI) by 0.8% during the first quarter, Holdings Channel reports. The fund owned 6,701,749 shares of the semiconductor company’s stock after selling 52,158 shares during the period. Analog Devices accounts for approximately 7.0% of Cantillon Capital Management LLC’s holdings, making the stock its largest position. Cantillon Capital Management LLC owned 2.17% of Analog Devices worth $549,208,000 at the end of the most recent reporting period.

A number of other hedge funds have also bought and sold shares of the company. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. boosted its stake in Analog Devices by 2.3% in the third quarter. Mitsubishi UFJ Kokusai Asset Management Co. Ltd. now owns 47,352 shares of the semiconductor company’s stock worth $3,052,000 after buying an additional 1,078 shares during the last quarter. Trillium Asset Management LLC boosted its stake in Analog Devices by 6.9% in the third quarter. Trillium Asset Management LLC now owns 92,692 shares of the semiconductor company’s stock worth $5,974,000 after buying an additional 5,983 shares during the last quarter. DnB Asset Management AS boosted its stake in Analog Devices by 10.1% in the third quarter. DnB Asset Management AS now owns 28,221 shares of the semiconductor company’s stock worth $1,819,000 after buying an additional 2,600 shares during the last quarter. Stanley Laman Group Ltd. acquired a new stake in Analog Devices during the third quarter worth about $193,000. Finally, World Asset Management Inc boosted its stake in Analog Devices by 2.1% in the third quarter. World Asset Management Inc now owns 30,873 shares of the semiconductor company’s stock worth $1,990,000 after buying an additional 622 shares during the last quarter. 90.38% of the stock is owned by institutional investors and hedge funds.

Shares of Analog Devices, Inc. (NASDAQ:ADI) traded up 0.17% during midday trading on Friday, reaching $75.79. The company’s stock had a trading volume of 3,283,420 shares. The firm has a 50-day moving average of $79.23 and a 200-day moving average of $74.85. The stock has a market cap of $23.43 billion, a PE ratio of 25.85 and a beta of 1.19. Analog Devices, Inc. has a one year low of $52.17 and a one year high of $84.24.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, February 15th. The semiconductor company reported $0.94 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.74 by $0.20. Analog Devices had a return on equity of 19.31% and a net margin of 25.18%. The business had revenue of $984 million for the quarter, compared to analysts’ expectations of $871.58 million. During the same quarter in the previous year, the firm earned $0.56 earnings per share. The business’s revenue was up 27.9% on a year-over-year basis. On average, analysts forecast that Analog Devices, Inc. will post $4.00 EPS for the current year.

Several equities analysts have recently weighed in on the stock. B. Riley reaffirmed a “buy” rating and set a $103.00 price target on shares of Analog Devices in a research note on Wednesday, March 22nd. Stifel Nicolaus raised their price target on shares of Analog Devices to $92.00 and gave the stock a “buy” rating in a research note on Tuesday, March 7th. Stephens raised shares of Analog Devices from an “equal weight” rating to an “overweight” rating in a research note on Monday, April 24th. BMO Capital Markets reaffirmed a “buy” rating and set a $96.00 price target on shares of Analog Devices in a research note on Friday, March 31st. Finally, Royal Bank of Canada reaffirmed an “outperform” rating and set a $90.00 price target on shares of Analog Devices in a research note on Wednesday, February 15th. Seven analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has given a strong buy rating to the company. Analog Devices has a consensus rating of “Buy” and an average target price of $83.72.

In other news, SVP Peter Real sold 5,000 shares of the company’s stock in a transaction on Friday, February 17th. The stock was sold at an average price of $82.07, for a total transaction of $410,350.00. Following the transaction, the senior vice president now owns 12,286 shares of the company’s stock, valued at approximately $1,008,312.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CAO Eileen Wynne sold 5,945 shares of the company’s stock in a transaction on Tuesday, April 18th. The shares were sold at an average price of $75.96, for a total value of $451,582.20. Following the transaction, the chief accounting officer now directly owns 3,305 shares in the company, valued at approximately $251,047.80. The disclosure for this sale can be found here. In the last three months, insiders sold 163,855 shares of company stock worth $13,453,448. Insiders own 1.10% of the company’s stock.

About Analog Devices

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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