Analog Devices, Inc. (NASDAQ:ADI) Stake Lifted by Loring Wolcott & Coolidge Fiduciary Advisors LLP MA

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 2.2% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 182,839 shares of the semiconductor company's stock after purchasing an additional 3,882 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA's holdings in Analog Devices were worth $34,065,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also added to or reduced their stakes in the business. Pinnacle Bancorp Inc. lifted its position in Analog Devices by 101.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company's stock worth $26,000 after buying an additional 65 shares in the last quarter. USA Financial Formulas lifted its position in Analog Devices by 87.8% in the 4th quarter. USA Financial Formulas now owns 139 shares of the semiconductor company's stock worth $28,000 after buying an additional 65 shares in the last quarter. Silver Oak Securities Incorporated purchased a new stake in Analog Devices in the 3rd quarter worth approximately $29,000. Cetera Trust Company N.A acquired a new position in shares of Analog Devices during the 4th quarter worth $29,000. Finally, Private Wealth Management Group LLC acquired a new position in shares of Analog Devices during the 4th quarter worth $29,000. 86.81% of the stock is owned by institutional investors and hedge funds.

Analog Devices Stock Performance

Shares of ADI stock traded up $2.60 on Thursday, reaching $196.49. The stock had a trading volume of 2,728,144 shares, compared to its average volume of 3,366,597. Analog Devices, Inc. has a 12 month low of $154.99 and a 12 month high of $204.20. The firm has a market capitalization of $97.44 billion, a price-to-earnings ratio of 35.15, a P/E/G ratio of 5.03 and a beta of 1.14. The firm's 50-day moving average is $194.08 and its two-hundred day moving average is $187.97. The company has a quick ratio of 0.98, a current ratio of 1.51 and a debt-to-equity ratio of 0.17.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.71 by $0.02. Analog Devices had a net margin of 24.34% and a return on equity of 12.76%. The firm had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the prior year, the business posted $2.75 EPS. The business's revenue was down 22.7% compared to the same quarter last year. On average, research analysts expect that Analog Devices, Inc. will post 5.86 EPS for the current fiscal year.

Analog Devices Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Investors of record on Tuesday, March 5th were paid a $0.92 dividend. This is an increase from Analog Devices's previous quarterly dividend of $0.86. The ex-dividend date of this dividend was Monday, March 4th. This represents a $3.68 annualized dividend and a yield of 1.87%. Analog Devices's dividend payout ratio is presently 65.83%.

Insider Activity at Analog Devices

In other news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Monday, April 1st. The shares were sold at an average price of $197.40, for a total transaction of $1,974,000.00. Following the completion of the sale, the chief executive officer now directly owns 51,039 shares in the company, valued at $10,075,098.60. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the firm's stock in a transaction on Monday, April 1st. The shares were sold at an average price of $197.40, for a total value of $1,974,000.00. Following the completion of the sale, the chief executive officer now directly owns 51,039 shares in the company, valued at $10,075,098.60. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Vivek Jain sold 3,479 shares of Analog Devices stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $197.56, for a total transaction of $687,311.24. Following the transaction, the executive vice president now owns 5,745 shares of the company's stock, valued at $1,134,982.20. The disclosure for this sale can be found here. Insiders sold a total of 24,707 shares of company stock valued at $4,874,613 in the last quarter. Insiders own 0.31% of the company's stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the stock. Morgan Stanley reiterated an "overweight" rating and issued a $212.00 target price on shares of Analog Devices in a research note on Thursday, April 11th. Truist Financial lowered their target price on shares of Analog Devices from $226.00 to $222.00 and set a "buy" rating on the stock in a research note on Thursday, February 22nd. Sanford C. Bernstein lowered shares of Analog Devices from an "outperform" rating to a "market perform" rating and set a $200.00 price target on the stock. in a research report on Thursday, January 4th. KeyCorp raised their price target on shares of Analog Devices from $220.00 to $230.00 and gave the stock an "overweight" rating in a research report on Thursday, February 22nd. Finally, Barclays raised their price objective on shares of Analog Devices from $180.00 to $185.00 and gave the stock an "equal weight" rating in a report on Tuesday, January 16th. Seven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $208.17.

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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