WASHINGTON TRUST Co Buys 3,791 Shares of Analog Devices, Inc. (ADI)

WASHINGTON TRUST Co boosted its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 3.2% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The fund owned 122,667 shares of the semiconductor company’s stock after purchasing an additional 3,791 shares during the period. WASHINGTON TRUST Co’s holdings in Analog Devices were worth $10,922,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently modified their holdings of the stock. Cookson Peirce & Co. Inc. raised its stake in Analog Devices by 0.4% in the second quarter. Cookson Peirce & Co. Inc. now owns 10,440 shares of the semiconductor company’s stock valued at $812,000 after buying an additional 40 shares during the period. Advisory Services Network LLC raised its stake in Analog Devices by 3.1% in the second quarter. Advisory Services Network LLC now owns 3,349 shares of the semiconductor company’s stock valued at $261,000 after buying an additional 100 shares during the period. North Star Asset Management Inc. raised its stake in Analog Devices by 3.8% in the second quarter. North Star Asset Management Inc. now owns 2,878 shares of the semiconductor company’s stock valued at $224,000 after buying an additional 106 shares during the period. Hall Laurie J Trustee raised its stake in Analog Devices by 1.7% in the second quarter. Hall Laurie J Trustee now owns 16,435 shares of the semiconductor company’s stock valued at $1,279,000 after buying an additional 274 shares during the period. Finally, WFG Advisors LP raised its stake in Analog Devices by 26.4% in the second quarter. WFG Advisors LP now owns 1,579 shares of the semiconductor company’s stock valued at $123,000 after buying an additional 330 shares during the period. 86.20% of the stock is owned by hedge funds and other institutional investors.

In other Analog Devices news, SVP Margaret K. Seif sold 6,345 shares of the firm’s stock in a transaction on Monday, November 27th. The stock was sold at an average price of $88.49, for a total transaction of $561,469.05. Following the transaction, the senior vice president now owns 20,404 shares in the company, valued at approximately $1,805,549.96. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Ray Stata sold 10,000 shares of the firm’s stock in a transaction on Friday, January 5th. The stock was sold at an average price of $91.70, for a total value of $917,000.00. Following the transaction, the director now owns 179,481 shares in the company, valued at approximately $16,458,407.70. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 186,061 shares of company stock worth $16,163,741. Corporate insiders own 0.70% of the company’s stock.

Analog Devices, Inc. (ADI) opened at $88.54 on Wednesday. The firm has a market capitalization of $31,826.36, a P/E ratio of 18.25, a PEG ratio of 1.58 and a beta of 1.28. The company has a debt-to-equity ratio of 0.74, a quick ratio of 1.13 and a current ratio of 1.47. Analog Devices, Inc. has a 52 week low of $74.65 and a 52 week high of $98.38.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.09. The company had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.50 billion. Analog Devices had a return on equity of 18.78% and a net margin of 14.22%. The firm’s quarterly revenue was up 53.4% compared to the same quarter last year. During the same quarter last year, the company earned $1.05 earnings per share. research analysts expect that Analog Devices, Inc. will post 5.2 EPS for the current year.

Several research firms have issued reports on ADI. Stifel Nicolaus upped their price objective on Analog Devices from $97.00 to $98.00 and gave the company a “buy” rating in a research note on Thursday, November 16th. BidaskClub upgraded Analog Devices from a “hold” rating to a “buy” rating in a research note on Saturday, January 20th. Jefferies Group restated a “buy” rating and issued a $100.00 price objective on shares of Analog Devices in a research note on Thursday, October 19th. B. Riley restated a “buy” rating and issued a $113.00 price objective (up previously from $110.00) on shares of Analog Devices in a research note on Thursday, November 16th. Finally, Zacks Investment Research upgraded Analog Devices from a “hold” rating to a “buy” rating and set a $98.00 price objective on the stock in a research note on Tuesday, October 10th. Eleven investment analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The stock currently has an average rating of “Buy” and a consensus target price of $97.21.

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Analog Devices Profile

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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Institutional Ownership by Quarter for Analog Devices (NASDAQ:ADI)

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