Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Increases Holdings in Analog Devices, Inc. (NASDAQ:ADI)

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA increased its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 3.6% during the first quarter, according to its most recent filing with the SEC. The fund owned 190,874 shares of the semiconductor company's stock after buying an additional 6,567 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings in Analog Devices were worth $38,494,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the stock. Broderick Brian C boosted its stake in Analog Devices by 2.6% in the fourth quarter. Broderick Brian C now owns 79,221 shares of the semiconductor company's stock valued at $16,831,000 after acquiring an additional 2,017 shares during the last quarter. Freestone Grove Partners LP purchased a new position in Analog Devices in the fourth quarter valued at approximately $10,212,000. Sowell Financial Services LLC purchased a new position in Analog Devices in the first quarter valued at approximately $296,000. Dynamic Advisor Solutions LLC grew its holdings in Analog Devices by 4.3% during the first quarter. Dynamic Advisor Solutions LLC now owns 6,072 shares of the semiconductor company's stock valued at $1,224,000 after purchasing an additional 251 shares during the period. Finally, Two Sigma Investments LP purchased a new stake in Analog Devices in the fourth quarter worth $906,000. 86.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have recently commented on the company. Seaport Res Ptn raised Analog Devices to a "strong sell" rating in a research report on Wednesday, April 30th. Keefe, Bruyette & Woods upgraded Analog Devices to an "outperform" rating in a research note on Wednesday, June 18th. Morgan Stanley cut their target price on shares of Analog Devices from $214.00 to $212.00 and set an "overweight" rating for the company in a research report on Friday, May 23rd. Evercore ISI lifted their target price on shares of Analog Devices from $231.00 to $280.00 and gave the stock an "outperform" rating in a research note on Friday, May 23rd. Finally, Stifel Nicolaus boosted their price target on shares of Analog Devices from $225.00 to $248.00 and gave the company a "buy" rating in a research report on Tuesday, May 20th. One research analyst has rated the stock with a sell rating, five have given a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $251.75.

Insider Activity

In other Analog Devices news, Director Ray Stata sold 3,125 shares of the stock in a transaction that occurred on Tuesday, May 6th. The shares were sold at an average price of $195.84, for a total transaction of $612,000.00. Following the transaction, the director now directly owns 180,071 shares in the company, valued at $35,265,104.64. This trade represents a 1.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction that occurred on Thursday, May 1st. The stock was sold at an average price of $196.84, for a total transaction of $1,968,400.00. Following the completion of the sale, the chief executive officer now owns 142,996 shares of the company's stock, valued at approximately $28,147,332.64. The trade was a 6.54% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 16,250 shares of company stock worth $3,143,556. 0.33% of the stock is currently owned by corporate insiders.

Analog Devices Trading Up 1.1%

Shares of ADI stock opened at $237.30 on Friday. The company has a market capitalization of $117.76 billion, a PE ratio of 64.66, a price-to-earnings-growth ratio of 2.17 and a beta of 1.00. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $247.10. The business's fifty day moving average is $214.10 and its 200 day moving average is $211.61. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.51 and a current ratio of 2.08.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share for the quarter, beating the consensus estimate of $1.70 by $0.15. Analog Devices had a return on equity of 9.56% and a net margin of 18.65%. The firm had revenue of $2.64 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter last year, the firm posted $1.40 EPS. The company's revenue was up 22.3% compared to the same quarter last year. On average, equities research analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.67%. The ex-dividend date was Wednesday, June 4th. Analog Devices's payout ratio is 107.90%.

Analog Devices Profile

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.

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