Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Buys 16,847 Shares of Analog Devices, Inc. $ADI

Key Points

• Loring Wolcott & Coolidge Fiduciary Advisors increased its Analog Devices position by 7.9%, purchasing 16,847 shares to reach 230,612 shares valued at approximately $91.5 million.
• Analog Devices reported quarterly EPS of $3.45 and revenue of $4.02 billion, exceeding analyst expectations, while revenue grew 39.2% year over year. The company also pays an annualized dividend of $4.40 per share, yielding about 1.1%.
• Analysts maintain a generally positive view, with the stock receiving a “Moderate Buy” consensus rating and an average price target of $460.55; institutional investors own 86.81% of outstanding shares.

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 7.9% during the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 230,612 shares of the semiconductor company's stock after acquiring an additional 16,847 shares during the quarter. Analog Devices makes up about 0.9% of Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's portfolio, making the stock its 28th biggest holding. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings in Analog Devices were worth $91,486,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently modified their holdings of ADI. IPG Investment Advisors LLC acquired a new position in Analog Devices in the second quarter valued at approximately $1,922,000. Patriot Financial Group Insurance Agency LLC grew its position in Analog Devices by 108.5% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 20,464 shares of the semiconductor company's stock worth $6,511,000 after acquiring an additional 10,648 shares during the period. Lazard Asset Management LLC grew its position in Analog Devices by 6.3% in the first quarter. Lazard Asset Management LLC now owns 1,708,858 shares of the semiconductor company's stock worth $543,656,000 after acquiring an additional 101,298 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Analog Devices during the second quarter worth $500,414,000. Finally, Ieq Capital LLC acquired a new stake in Analog Devices during the second quarter worth $19,643,000. Hedge funds and other institutional investors own 86.81% of the company's stock.

Analog Devices Stock Performance

NASDAQ:ADI opened at $391.07 on Monday. Analog Devices, Inc. has a fifty-two week low of $223.47 and a fifty-two week high of $445.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25. The company has a 50 day moving average price of $383.75 and a 200 day moving average price of $389.72. The stock has a market capitalization of $189.50 billion, a P/E ratio of 46.39, a PEG ratio of 1.20 and a beta of 1.22.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $3.34 by $0.11. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The firm's quarterly revenue was up 39.2% compared to the same quarter last year. During the same quarter in the previous year, the company earned $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Equities research analysts forecast that Analog Devices, Inc. will post 13.00 EPS for the current year.

Analog Devices Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were paid a $1.10 dividend. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. Analog Devices's payout ratio is presently 52.19%.

Analyst Ratings Changes

A number of equities research analysts have commented on ADI shares. Seaport Research Partners upgraded Analog Devices from a "neutral" rating to a "buy" rating and set a $425.00 target price on the stock in a research report on Thursday, August 20th. The Goldman Sachs Group reiterated a "buy" rating and set a $480.00 price target (up from $450.00) on shares of Analog Devices in a report on Wednesday, August 19th. BMO Capital Markets initiated coverage on Analog Devices in a report on Thursday, August 20th. They set an "outperform" rating and a $430.00 price target for the company. Cantor Fitzgerald reissued an "overweight" rating and set a $510.00 price objective (up from $400.00) on shares of Analog Devices in a research report on Tuesday, September 8th. Finally, Wells Fargo & Company reduced their price objective on shares of Analog Devices from $515.00 to $500.00 and set an "overweight" rating on the stock in a report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $460.55.

Insiders Place Their Bets

In related news, insider Vivek Jain sold 3,305 shares of the stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $406.58, for a total transaction of $1,343,746.90. Following the transaction, the insider owned 40,428 shares of the company's stock, valued at approximately $16,437,216.24. This represents a 7.56% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CFO Richard C. Puccio, Jr. sold 1,500 shares of the stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $389.46, for a total value of $584,190.00. Following the transaction, the chief financial officer directly owned 48,177 shares in the company, valued at approximately $18,763,014.42. The trade was a 3.02% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders sold 52,436 shares of company stock valued at $20,014,954. Insiders own 0.36% of the company's stock.

Analog Devices Company Profile

Analog Devices, Inc NASDAQ: ADI is a global semiconductor company that designs and manufactures analog, mixed-signal and digital signal-processing technologies. Its products convert, condition and process real-world signals such as temperature, pressure, sound, motion, light and electrical power, helping electronic systems interpret and respond to physical environments.

The company offers a broad portfolio of integrated circuits, power-management products, amplifiers, data converters, sensors, radio-frequency and microwave components, connectivity solutions and embedded processors.

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