Pennsylvania Trust Co Takes $1.75 Million Position in Analog Devices, Inc. (ADI)

Pennsylvania Trust Co purchased a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 19,649 shares of the semiconductor company’s stock, valued at approximately $1,750,000.

Several other institutional investors and hedge funds also recently modified their holdings of ADI. Riverhead Capital Management LLC boosted its stake in shares of Analog Devices by 11.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 8,866 shares of the semiconductor company’s stock valued at $690,000 after purchasing an additional 889 shares in the last quarter. Nationwide Fund Advisors boosted its position in Analog Devices by 52.2% during the 2nd quarter. Nationwide Fund Advisors now owns 233,529 shares of the semiconductor company’s stock worth $18,169,000 after buying an additional 80,045 shares during the period. Columbia Partners L L C Investment Management boosted its position in Analog Devices by 3.8% during the 2nd quarter. Columbia Partners L L C Investment Management now owns 20,478 shares of the semiconductor company’s stock worth $1,593,000 after buying an additional 748 shares during the period. Mutual of America Capital Management LLC boosted its position in Analog Devices by 6.1% during the 2nd quarter. Mutual of America Capital Management LLC now owns 63,921 shares of the semiconductor company’s stock worth $4,973,000 after buying an additional 3,676 shares during the period. Finally, Pathstone Family Office LLC boosted its position in Analog Devices by 75.0% during the 2nd quarter. Pathstone Family Office LLC now owns 35 shares of the semiconductor company’s stock worth $1,557,000 after buying an additional 15 shares during the period. 86.20% of the stock is currently owned by institutional investors.

Several research firms have issued reports on ADI. Morgan Stanley restated an “overweight” rating and set a $103.00 price target (up previously from $98.00) on shares of Analog Devices in a report on Wednesday, November 22nd. Stifel Nicolaus lowered their price target on shares of Analog Devices from $100.00 to $98.00 and set a “buy” rating for the company in a report on Wednesday, November 22nd. Drexel Hamilton reiterated a “buy” rating and issued a $105.00 price objective on shares of Analog Devices in a research note on Tuesday, November 21st. KeyCorp reiterated a “buy” rating and issued a $107.00 price objective on shares of Analog Devices in a research note on Friday, November 24th. Finally, Piper Jaffray Companies started coverage on shares of Analog Devices in a research note on Monday, December 18th. They issued a “neutral” rating and a $92.00 price objective for the company. Eleven analysts have rated the stock with a hold rating and eighteen have issued a buy rating to the company. The company presently has an average rating of “Buy” and a consensus target price of $97.21.

In other Analog Devices news, SVP Margaret K. Seif sold 6,345 shares of the company’s stock in a transaction that occurred on Monday, November 27th. The stock was sold at an average price of $88.49, for a total value of $561,469.05. Following the completion of the sale, the senior vice president now owns 20,404 shares of the company’s stock, valued at $1,805,549.96. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Yusuf Jamal sold 718 shares of the stock in a transaction that occurred on Wednesday, January 3rd. The shares were sold at an average price of $90.89, for a total value of $65,259.02. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 186,061 shares of company stock worth $16,163,741. 1.10% of the stock is owned by company insiders.

Shares of Analog Devices, Inc. (NASDAQ ADI) traded up $1.25 during trading on Friday, reaching $83.93. The company had a trading volume of 5,544,882 shares, compared to its average volume of 3,512,692. Analog Devices, Inc. has a fifty-two week low of $74.65 and a fifty-two week high of $98.38. The company has a market cap of $30,110.00, a PE ratio of 42.39, a P/E/G ratio of 1.58 and a beta of 1.27. The company has a quick ratio of 1.13, a current ratio of 1.47 and a debt-to-equity ratio of 0.74.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.36 by $0.09. The firm had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.50 billion. Analog Devices had a return on equity of 18.78% and a net margin of 14.22%. The company’s revenue was up 53.4% on a year-over-year basis. During the same period in the prior year, the business posted $1.05 earnings per share. research analysts predict that Analog Devices, Inc. will post 5.2 earnings per share for the current fiscal year.

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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.

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

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