Analog Devices: Funds Shedding Shares in Quarterly Filing
Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently decreased stock shares of Analog Devices Inc. (NYSE:ADI).
SEC data indicate that these institutions significantly reduced their stock shares of Analog Devices Inc. in Q3 2011:
ARTISAN PARTNERS HOLDINGS LP: On 06/30/2011, held 4,980,400 shares, worth $191,994,420. On 09/30/2011, held 0 shares.
RENAISSANCE GROUP LLC: On 06/30/2011, held 1,367,555 shares, worth $52,719,245. On 09/30/2011, held 0 shares.
WEDGE CAPITAL MANAGEMENT L L P/NC: On 06/30/2011, held 888,928 shares, worth $34,268,174. On 09/30/2011, held 0 shares.
FRONTIER CAPITAL MANAGEMENT CO LLC: On 06/30/2011, held 710,239 shares, worth $27,379,713. On 09/30/2011, held 0 shares.
HABER TRILIX ADVISORS, LP: On 06/30/2011, held 400,840 shares, worth $15,452,382. On 09/30/2011, held 0 shares.
About the company: Analog Devices, Inc. designs, manufactures, and markets integrated circuits used in analog and digital signal processing. The Company’s products are used in communications, computer, industrial, instrumentation, military/aerospace, automotive, and high-performance consumer electronics applications. Analog Devices sells its products worldwide.
Competitors to Watch: Texas Instruments Inc. (NYSE:TXN), National Semicond. Corp. (NYSE:NSM), Intersil Corporation (NASDAQ:ISIL), Linear Technology Corp. (NASDAQ:LLTC), Maxim Integrated Products Inc. (NASDAQ:MXIM), ON Semiconductor Corp. (NASDAQ:ONNN), Silicon Laboratories (NASDAQ:SLAB), Cirrus Logic, Inc. (NASDAQ:CRUS), Broadcom Corporation (NASDAQ:BRCM), and Micrel, Incorporated (NASDAQ:MCRL).
(Note: Data regarding Analog Devices Inc.’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)
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