Analog Devices, Inc. (ADI) Shares Bought by Bank of The West

Bank of The West raised its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 2.3% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 28,641 shares of the semiconductor company’s stock after purchasing an additional 653 shares during the period. Bank of The West’s holdings in Analog Devices were worth $2,550,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also modified their holdings of ADI. Sit Investment Associates Inc. grew its holdings in Analog Devices by 381.1% in the fourth quarter. Sit Investment Associates Inc. now owns 1,275 shares of the semiconductor company’s stock valued at $114,000 after purchasing an additional 1,010 shares during the period. WFG Advisors LP grew its holdings 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 purchasing an additional 330 shares during the period. Fieldpoint Private Securities LLC grew its holdings in Analog Devices by 91.6% in the third quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock valued at $127,000 after purchasing an additional 705 shares during the period. Clear Perspective Advisors LLC grew its holdings in Analog Devices by 3,884.2% in the third quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock valued at $130,000 after purchasing an additional 1,476 shares during the period. Finally, Cerebellum GP LLC acquired a new stake in Analog Devices in the fourth quarter valued at approximately $130,000. 86.20% of the stock is currently owned by institutional investors.

Analog Devices, Inc. (NASDAQ:ADI) opened at $85.35 on Thursday. Analog Devices, Inc. has a 1 year low of $74.65 and a 1 year high of $98.38. The company has a market capitalization of $32,310.00, a P/E ratio of 43.11, a P/E/G ratio of 1.58 and a beta of 1.27. 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 (NASDAQ:ADI) last announced its quarterly earnings data on Tuesday, November 21st. The semiconductor company reported $1.45 EPS for the quarter, topping the Zacks’ consensus estimate of $1.36 by $0.09. Analog Devices had a return on equity of 18.78% and a net margin of 14.22%. The firm had revenue of $1.54 billion for the quarter, compared to the consensus estimate of $1.50 billion. During the same quarter last year, the business posted $1.05 earnings per share. The firm’s revenue was up 53.4% compared to the same quarter last year. analysts forecast that Analog Devices, Inc. will post 5.2 EPS for the current year.

Several equities analysts have recently weighed in on ADI shares. Jefferies Group restated a “buy” rating and issued a $100.00 target price on shares of Analog Devices in a research report on Thursday, October 19th. Oppenheimer restated a “buy” rating and issued a $100.00 target price on shares of Analog Devices in a research report on Friday, November 17th. Royal Bank of Canada restated a “buy” rating and issued a $100.00 target price on shares of Analog Devices in a research report on Thursday, January 4th. Stifel Nicolaus raised their target price on Analog Devices from $97.00 to $98.00 and gave the company a “buy” rating in a research report on Thursday, November 16th. Finally, BidaskClub downgraded Analog Devices from a “buy” rating to a “hold” rating in a research report on Friday, November 10th. Eleven equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the stock. The company presently has an average rating of “Buy” and a consensus target price of $97.21.

In other Analog Devices news, 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 transaction of $917,000.00. Following the completion of the sale, the director now owns 179,481 shares of the company’s stock, valued at $16,458,407.70. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Vincent Roche sold 100,000 shares of the firm’s stock in a transaction on Monday, December 4th. The stock was sold at an average price of $85.17, for a total value of $8,517,000.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 186,061 shares of company stock worth $16,163,741. 0.70% of the stock is currently owned by company insiders.

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Analog Devices Company 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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