Zevin Asset Management LLC increased its position in Analog Devices, Inc. (NASDAQ:ADI) by 2.0% during the 3rd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 118,366 shares of the semiconductor company’s stock after acquiring an additional 2,308 shares during the quarter. Analog Devices comprises about 2.4% of Zevin Asset Management LLC’s investment portfolio, making the stock its 10th biggest position. Zevin Asset Management LLC’s holdings in Analog Devices were worth $10,200,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also recently made changes to their positions in the stock. Pathstone Family Office LLC grew its position in Analog Devices by 75.0% in the 2nd quarter. Pathstone Family Office LLC now owns 35 shares of the semiconductor company’s stock worth $1,557,000 after purchasing an additional 15 shares during the last quarter. Whittier Trust Co. of Nevada Inc. grew its position in Analog Devices by 51.0% in the 2nd quarter. Whittier Trust Co. of Nevada Inc. now owns 1,406 shares of the semiconductor company’s stock worth $109,000 after purchasing an additional 475 shares during the last quarter. Sumitomo Mitsui Financial Group Inc. acquired a new stake in Analog Devices in the 2nd quarter worth $119,000. WFG Advisors LP grew its position in Analog Devices by 26.4% in the 2nd quarter. WFG Advisors LP now owns 1,579 shares of the semiconductor company’s stock worth $123,000 after purchasing an additional 330 shares during the last quarter. Finally, Crow Point Partners LLC acquired a new stake in Analog Devices in the 3rd quarter worth $140,000. Hedge funds and other institutional investors own 86.65% of the company’s stock.
Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, August 30th. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.11. The firm had revenue of $1.43 billion for the quarter, compared to the consensus estimate of $1.40 billion. Analog Devices had a net margin of 14.77% and a return on equity of 19.06%. The business’s revenue for the quarter was up 64.9% on a year-over-year basis. During the same period in the prior year, the company posted $0.82 earnings per share.
Several analysts have issued reports on ADI shares. Royal Bank Of Canada raised their price target on shares of Analog Devices from $92.00 to $95.00 and gave the stock an “outperform” rating in a research report on Thursday, August 31st. Zacks Investment Research upgraded shares of Analog Devices from a “hold” rating to a “buy” rating and set a $98.00 price target on the stock in a research report on Tuesday, October 10th. BidaskClub upgraded shares of Analog Devices from a “hold” rating to a “buy” rating in a research report on Saturday, September 2nd. Drexel Hamilton restated a “buy” rating and issued a $105.00 price target on shares of Analog Devices in a research report on Wednesday, August 30th. Finally, Morgan Stanley restated an “overweight” rating and issued a $96.00 price target on shares of Analog Devices in a research report on Thursday, August 31st. Eleven investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of “Buy” and a consensus price target of $93.65.
In other Analog Devices news, SVP Margaret K. Seif sold 3,000 shares of the stock in a transaction dated Monday, August 21st. The shares were sold at an average price of $77.81, for a total transaction of $233,430.00. Following the sale, the senior vice president now directly owns 20,404 shares in the company, valued at $1,587,635.24. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director James Champy sold 12,500 shares of the stock in a transaction dated Tuesday, October 24th. The stock was sold at an average price of $90.00, for a total transaction of $1,125,000.00. Following the sale, the director now owns 21,910 shares in the company, valued at $1,971,900. The disclosure for this sale can be found here. Insiders have sold 135,994 shares of company stock worth $11,604,048 over the last quarter. Corporate insiders own 1.10% of the company’s stock.
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About Analog Devices
Analog Devices, Inc (Analog Devices) designs, manufactures and markets a portfolio of solutions that leverage high-performance analog, mixed-signal and digital signal processing technology, including integrated circuits (ICs), algorithms, software and subsystems. Its products include Analog Products, Converters, Amplifiers/Radio Frequency, Other Analog, Power Management and Reference, and Digital Signal Processing Products.
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