Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Grows Stock Holdings in Analog Devices, Inc. $ADI

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 1.4% in the third quarter, according to its most recent filing with the SEC. The institutional investor owned 193,482 shares of the semiconductor company’s stock after buying an additional 2,628 shares during the period. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA’s holdings in Analog Devices were worth $47,072,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of ADI. Baader Bank Aktiengesellschaft boosted its stake in shares of Analog Devices by 3.9% in the second quarter. Baader Bank Aktiengesellschaft now owns 1,156 shares of the semiconductor company’s stock worth $270,000 after acquiring an additional 43 shares during the period. Sivia Capital Partners LLC grew its stake in Analog Devices by 2.5% during the third quarter. Sivia Capital Partners LLC now owns 1,796 shares of the semiconductor company’s stock valued at $441,000 after acquiring an additional 44 shares in the last quarter. Bennett Associates Wealth Management raised its position in Analog Devices by 2.9% in the 2nd quarter. Bennett Associates Wealth Management now owns 1,624 shares of the semiconductor company’s stock worth $387,000 after purchasing an additional 46 shares during the period. Solstein Capital LLC lifted its holdings in shares of Analog Devices by 2.0% in the 2nd quarter. Solstein Capital LLC now owns 2,307 shares of the semiconductor company’s stock worth $549,000 after buying an additional 46 shares during the period. Finally, Keystone Financial Services raised its stake in Analog Devices by 1.2% in the second quarter. Keystone Financial Services now owns 3,837 shares of the semiconductor company’s stock valued at $913,000 after buying an additional 46 shares during the last quarter. 86.81% of the stock is owned by institutional investors.

Analog Devices Stock Performance

Shares of ADI stock opened at $300.93 on Monday. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $303.20. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.68 and a current ratio of 2.19. The firm has a market cap of $147.35 billion, a price-to-earnings ratio of 65.99, a PEG ratio of 1.66 and a beta of 1.03. The stock’s 50-day moving average is $262.65 and its two-hundred day moving average is $248.04.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.22 by $0.04. The firm had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.02 billion. Analog Devices had a return on equity of 11.23% and a net margin of 20.58%.During the same period in the prior year, the firm earned $1.67 EPS. The business’s revenue was up 25.9% on a year-over-year basis. Analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Monday, December 8th were paid a $0.99 dividend. This represents a $3.96 annualized dividend and a yield of 1.3%. The ex-dividend date of this dividend was Monday, December 8th. Analog Devices’s dividend payout ratio (DPR) is presently 86.84%.

Insider Activity

In other Analog Devices news, SVP Martin Cotter sold 5,000 shares of the business’s stock in a transaction on Wednesday, December 17th. The stock was sold at an average price of $271.19, for a total transaction of $1,355,950.00. Following the sale, the senior vice president directly owned 59,664 shares in the company, valued at approximately $16,180,280.16. The trade was a 7.73% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Katsufumi Nakamura sold 500 shares of the company’s stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $289.17, for a total value of $144,585.00. Following the completion of the sale, the senior vice president directly owned 13,210 shares in the company, valued at $3,819,935.70. This trade represents a 3.65% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 39,919 shares of company stock valued at $10,464,462 in the last 90 days. Insiders own 0.33% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts recently issued reports on the company. The Goldman Sachs Group reissued a “buy” rating and issued a $300.00 target price on shares of Analog Devices in a research report on Tuesday, November 25th. Cfra restated a “buy” rating and issued a $280.00 price target on shares of Analog Devices in a research note on Tuesday, November 25th. Zacks Research upgraded shares of Analog Devices from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. BNP Paribas Exane started coverage on Analog Devices in a report on Tuesday, November 4th. They issued an “outperform” rating and a $300.00 price target for the company. Finally, Stifel Nicolaus set a $280.00 target price on Analog Devices in a report on Friday, November 21st. Three analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and seven have given a Hold rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $287.22.

Analog Devices Company Profile

Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.