Loring Wolcott & Coolidge Fiduciary Advisors LLP MA boosted its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 2.4% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 351,593 shares of the semiconductor company’s stock after acquiring an additional 8,149 shares during the quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA owned about 0.09% of Analog Devices worth $33,725,000 as of its most recent filing with the SEC.
A number of other large investors have also added to or reduced their stakes in ADI. Washington Trust Bank grew its holdings in Analog Devices by 127.7% in the second quarter. Washington Trust Bank now owns 1,070 shares of the semiconductor company’s stock valued at $103,000 after purchasing an additional 600 shares during the last quarter. Integrated Investment Consultants LLC acquired a new stake in Analog Devices in the second quarter valued at $130,000. Clarus Wealth Advisors acquired a new stake in Analog Devices in the second quarter valued at $139,000. Summit Trail Advisors LLC grew its holdings in Analog Devices by 6,966.6% in the first quarter. Summit Trail Advisors LLC now owns 147,410 shares of the semiconductor company’s stock valued at $147,000 after purchasing an additional 145,324 shares during the last quarter. Finally, Massey Quick Simon & CO. LLC grew its holdings in Analog Devices by 98.8% in the first quarter. Massey Quick Simon & CO. LLC now owns 1,660 shares of the semiconductor company’s stock valued at $151,000 after purchasing an additional 825 shares during the last quarter. Hedge funds and other institutional investors own 88.03% of the company’s stock.
Shares of NASDAQ:ADI opened at $93.76 on Thursday. The company has a current ratio of 1.53, a quick ratio of 1.14 and a debt-to-equity ratio of 0.65. Analog Devices, Inc. has a 12-month low of $76.95 and a 12-month high of $103.59. The stock has a market capitalization of $35.21 billion, a price-to-earnings ratio of 19.86, a price-to-earnings-growth ratio of 1.32 and a beta of 1.21.
In other Analog Devices news, SVP Joseph Hassett sold 17,150 shares of the firm’s stock in a transaction dated Friday, June 1st. The stock was sold at an average price of $97.95, for a total value of $1,679,842.50. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction dated Wednesday, August 1st. The stock was sold at an average price of $95.43, for a total value of $954,300.00. Following the completion of the sale, the chief executive officer now directly owns 19,699 shares in the company, valued at $1,879,875.57. The disclosure for this sale can be found here. Over the last three months, insiders sold 80,050 shares of company stock worth $7,712,311. 0.70% of the stock is owned by corporate insiders.
Several analysts have weighed in on ADI shares. BidaskClub raised Analog Devices from a “hold” rating to a “buy” rating in a report on Friday, May 11th. B. Riley lowered their target price on Analog Devices from $122.00 to $120.00 and set a “buy” rating on the stock in a report on Thursday, May 31st. Sanford C. Bernstein upped their target price on Analog Devices from $105.00 to $110.00 and gave the company an “outperform” rating in a report on Thursday, May 31st. Oppenheimer upped their target price on Analog Devices from $100.00 to $110.00 and gave the company an “outperform” rating in a report on Wednesday, May 30th. Finally, Morgan Stanley upped their target price on Analog Devices from $108.00 to $110.00 and gave the company an “overweight” rating in a report on Thursday, May 31st. Nine research analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the stock. Analog Devices currently has a consensus rating of “Buy” and a consensus target price of $104.63.
About Analog Devices
Analog Devices, Inc designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits (ICs), algorithms, software, and subsystems. It offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency ICs to support cellular infrastructure.
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