Zevin Asset Management LLC lifted its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 1.6% during the 3rd quarter, according to its most recent disclosure with the SEC. The firm owned 94,563 shares of the semiconductor company’s stock after buying an additional 1,450 shares during the period. Analog Devices accounts for approximately 3.4% of Zevin Asset Management LLC’s portfolio, making the stock its 10th largest holding. Zevin Asset Management LLC’s holdings in Analog Devices were worth $10,566,000 at the end of the most recent quarter.
Other institutional investors and hedge funds have also recently made changes to their positions in the company. Lenox Wealth Advisors LLC purchased a new position in Analog Devices during the second quarter worth approximately $28,000. Assetmark Inc. increased its position in shares of Analog Devices by 120.6% in the second quarter. Assetmark Inc. now owns 289 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 158 shares in the last quarter. Tortoise Investment Management LLC acquired a new stake in shares of Analog Devices in the second quarter worth $34,000. Webster Bank N. A. increased its position in shares of Analog Devices by 150.0% in the third quarter. Webster Bank N. A. now owns 340 shares of the semiconductor company’s stock worth $38,000 after acquiring an additional 204 shares in the last quarter. Finally, Mcmillion Capital Management Inc. acquired a new stake in shares of Analog Devices in the second quarter worth $44,000. 87.58% of the stock is currently owned by institutional investors and hedge funds.
Several equities research analysts have recently issued reports on ADI shares. Daiwa Capital Markets started coverage on shares of Analog Devices in a research report on Tuesday, October 22nd. They issued an “outperform” rating and a $121.00 price objective for the company. Loop Capital raised their price target on shares of Analog Devices to $125.00 and gave the company a “buy” rating in a report on Friday, September 27th. Morgan Stanley raised their price target on shares of Analog Devices from $97.00 to $100.00 and gave the company an “equal weight” rating in a report on Thursday, August 22nd. BidaskClub raised shares of Analog Devices from a “sell” rating to a “hold” rating in a report on Saturday, August 31st. Finally, Raymond James raised shares of Analog Devices from a “market perform” rating to an “outperform” rating and set a $120.00 price target for the company in a report on Wednesday, October 30th. One analyst has rated the stock with a sell rating, five have assigned a hold rating and fourteen have issued a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $114.33.
Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, August 21st. The semiconductor company reported $1.26 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $1.22 by $0.04. The firm had revenue of $1.48 billion for the quarter, compared to analysts’ expectations of $1.46 billion. Analog Devices had a net margin of 24.71% and a return on equity of 17.87%. Analog Devices’s quarterly revenue was down 5.0% on a year-over-year basis. During the same quarter last year, the company earned $1.53 EPS. On average, equities research analysts anticipate that Analog Devices, Inc. will post 5.2 earnings per share for the current year.
In other news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction that occurred on Tuesday, September 3rd. The shares were sold at an average price of $92.34, for a total value of $923,400.00. Following the transaction, the chief executive officer now owns 351,335 shares of the company’s stock, valued at approximately $32,442,273.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Joseph Hassett sold 10,544 shares of Analog Devices stock in a transaction that occurred on Friday, September 13th. The stock was sold at an average price of $116.72, for a total transaction of $1,230,695.68. Following the completion of the transaction, the senior vice president now directly owns 34,360 shares in the company, valued at approximately $4,010,499.20. The disclosure for this sale can be found here. In the last three months, insiders have sold 53,362 shares of company stock worth $5,780,793. 0.50% of the stock is owned by corporate insiders.
Analog Devices Profile
Analog Devices, Inc engages in the design, development, manufacture, and marketing of integrated circuits (ICs). Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable consumer devices.
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