Trivium Point opens $540K position in Analog Devices

What's the deal? Trivium Point Advisory LLCDealroom has a profile for this one. Try Dealroom → bought a new stake in Analog DevicesDealroom has a profile for this one. Try Dealroom → during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The fund acquired 1,359 shares of the semiconductor company, valued at roughly $540,000.

Who else is buying? Several institutional investors adjusted their positions in the quarter. Sivia Capital PartnersDealroom has a profile for this one. Try Dealroom → lifted its holdings 36% to 1,752 shares worth $417,000, while Ieq CapitalDealroom has a profile for this one. Try Dealroom → grew its position 38% to 44,576 shares worth $10,610,000. HUB Investment PartnersDealroom has a profile for this one. Try Dealroom → opened a new stake worth about $644,000.

By the numbers. Hedge funds and other institutional investors now own 86.81% of Analog Devices stock, underscoring heavy professional interest in the chipmaker.

What do analysts say? Analog Devices carries a consensus rating of "Moderate Buy" and a consensus target price of $441, according to MarketBeat data. Two analysts rate it Strong Buy, 23 Buy, and four Hold.

Insider moves. Chief executive officer Vincent Roche sold 30,000 shares on May 26 at an average price of $415.13, a $12,453,900 transaction. Director Ray Stata sold 1,432 shares on June 9 at $400.83, totalling $573,988.

The signal: Fresh institutional buying alongside upgraded price targets from Cantor FitzgeraldDealroom has a profile for this one. Try Dealroom →, Wells FargoDealroom has a profile for this one. Try Dealroom →, and OppenheimerDealroom has a profile for this one. Try Dealroom → points to steady confidence in Analog Devices, even as insiders trim their own holdings.

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