Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Buys 237,703 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 328.8% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 309,994 shares of the semiconductor company’s stock after acquiring an additional 237,703 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned 0.08% of Analog Devices worth $27,599,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sit Investment Associates Inc. lifted its holdings in shares of Analog Devices by 381.1% during the fourth quarter. Sit Investment Associates Inc. now owns 1,275 shares of the semiconductor company’s stock valued at $114,000 after acquiring an additional 1,010 shares during the period. WFG Advisors LP lifted its holdings in shares of Analog Devices by 26.4% during the second quarter. WFG Advisors LP now owns 1,579 shares of the semiconductor company’s stock valued at $123,000 after acquiring an additional 330 shares during the period. Fieldpoint Private Securities LLC lifted its holdings in shares of Analog Devices by 91.6% during the third quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock valued at $127,000 after acquiring an additional 705 shares during the period. Clear Perspective Advisors LLC lifted its holdings in shares of Analog Devices by 3,884.2% during the third quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock valued at $130,000 after acquiring an additional 1,476 shares during the period. Finally, Cerebellum GP LLC bought a new position in shares of Analog Devices during the fourth quarter valued at $130,000. 85.82% of the stock is owned by institutional investors.

In other news, SVP Margaret K. Seif sold 7,000 shares of the stock in a transaction dated Tuesday, December 5th. The stock was sold at an average price of $84.53, for a total value of $591,710.00. Following the completion of the sale, the senior vice president now owns 20,404 shares of the company’s stock, valued at $1,724,750.12. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Ray Stata sold 10,000 shares of the stock in a transaction dated Friday, January 5th. The shares were sold at an average price of $91.70, for a total value of $917,000.00. Following the completion of the sale, the director now directly owns 179,481 shares of the company’s stock, valued at approximately $16,458,407.70. The disclosure for this sale can be found here. Insiders sold 180,963 shares of company stock valued at $15,703,697 over the last quarter. Corporate insiders own 1.10% of the company’s stock.

ADI has been the subject of a number of research reports. KeyCorp restated a “buy” rating and issued a $107.00 target price on shares of Analog Devices in a research note on Friday, November 24th. Stifel Nicolaus lowered their target price on Analog Devices from $100.00 to $98.00 and set a “buy” rating for the company in a research note on Wednesday, November 22nd. Jefferies Group lifted their price objective on Analog Devices to $110.00 and gave the stock a “buy” rating in a research report on Wednesday, November 22nd. B. Riley lifted their price objective on Analog Devices from $110.00 to $113.00 and gave the stock a “buy” rating in a research report on Wednesday, November 22nd. Finally, Drexel Hamilton reiterated a “buy” rating and set a $105.00 price objective on shares of Analog Devices in a report on Tuesday, November 21st. One research analyst has rated the stock with a sell rating, nine have assigned a hold rating and nineteen have assigned a buy rating to the company’s stock. Analog Devices presently has an average rating of “Buy” and a consensus target price of $97.52.

Shares of Analog Devices, Inc. (ADI) opened at $88.41 on Thursday. The company has a current ratio of 1.47, a quick ratio of 1.13 and a debt-to-equity ratio of 0.74. Analog Devices, Inc. has a 1 year low of $74.65 and a 1 year high of $98.38. The firm has a market capitalization of $32,950.00, a price-to-earnings ratio of 44.65, a PEG ratio of 1.64 and a beta of 1.27.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share for the quarter, topping the consensus estimate of $1.36 by $0.09. The business had revenue of $1.54 billion during the quarter, compared to the consensus estimate of $1.50 billion. Analog Devices had a return on equity of 18.78% and a net margin of 14.22%. Analog Devices’s revenue for the quarter was up 53.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.05 EPS. sell-side analysts anticipate that Analog Devices, Inc. will post 5.2 earnings per share for the current year.

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Analog Devices Company Profile

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.

Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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