Loring Wolcott & Coolidge Fiduciary Advisors LLP MA Has $47.07 Million Position in Analog Devices, Inc. $ADI

Loring Wolcott & Coolidge Fiduciary Advisors LLP MA grew its position in Analog Devices, Inc. (NASDAQ:ADI) by 1.4% in the third quarter, according to its most recent filing with the SEC. The fund owned 193,482 shares of the semiconductor company’s stock after acquiring 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 filing with the SEC.

Other institutional investors have also added to or reduced their stakes in the company. Howard Hughes Medical Institute acquired a new position in shares of Analog Devices during the 2nd quarter valued at $25,000. RMG Wealth Management LLC bought a new stake in Analog Devices in the second quarter valued at $26,000. Clayton Financial Group LLC acquired a new position in shares of Analog Devices during the third quarter valued at about $31,000. Sound Income Strategies LLC grew its stake in shares of Analog Devices by 141.8% in the 3rd quarter. Sound Income Strategies LLC now owns 162 shares of the semiconductor company’s stock valued at $39,000 after buying an additional 95 shares during the period. Finally, Access Investment Management LLC bought a new stake in Analog Devices in the 2nd quarter valued at about $45,000. 86.81% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research firms have weighed in on ADI. JPMorgan Chase & Co. boosted their price objective on Analog Devices from $310.00 to $320.00 and gave the stock an “overweight” rating in a research report on Wednesday, November 26th. Benchmark restated a “buy” rating and set a $285.00 price objective on shares of Analog Devices in a report on Wednesday, November 26th. Sanford C. Bernstein reaffirmed a “market perform” rating and set a $270.00 price objective on shares of Analog Devices in a research note on Wednesday, November 26th. Cfra reiterated a “buy” rating and issued a $280.00 target price on shares of Analog Devices in a research report on Tuesday, November 25th. Finally, Morgan Stanley raised their target price on Analog Devices from $288.00 to $293.00 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and seven have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus price target of $287.22.

Insider Activity at Analog Devices

In other Analog Devices news, CAO Michael Sondel sold 8,169 shares of the business’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $278.03, for a total transaction of $2,271,227.07. Following the completion of the sale, the chief accounting officer owned 18,913 shares of the company’s stock, valued at approximately $5,258,381.39. The trade was a 30.16% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Katsufumi Nakamura sold 500 shares of the company’s stock in a transaction dated Wednesday, January 7th. The stock was 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 owned 13,210 shares of the company’s stock, valued at approximately $3,819,935.70. The trade was a 3.65% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold 39,919 shares of company stock valued at $10,464,462 in the last ninety days. Corporate insiders own 0.33% of the company’s stock.

Analog Devices Price Performance

NASDAQ ADI opened at $300.93 on Monday. The company has a 50-day moving average price of $262.65 and a 200-day moving average price of $248.04. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week high of $303.20. The company has a quick ratio of 1.68, a current ratio of 2.19 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $147.35 billion, a P/E ratio of 65.99, a PEG ratio of 1.66 and a beta of 1.03.

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 the consensus estimate of $2.22 by $0.04. Analog Devices had a net margin of 20.58% and a return on equity of 11.23%. The company had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.02 billion. During the same period in the previous year, the business posted $1.67 earnings per share. The firm’s quarterly revenue was up 25.9% compared to the same quarter last year. Equities research analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Monday, December 8th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis 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 currently 86.84%.

Analog Devices 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.