SVA Plumb Wealth Management LLC Decreases Position in Analog Devices (ADI)

SVA Plumb Wealth Management LLC trimmed its holdings in shares of Analog Devices (NASDAQ:ADI) by 8.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 21,674 shares of the semiconductor company’s stock after selling 1,927 shares during the period. SVA Plumb Wealth Management LLC’s holdings in Analog Devices were worth $1,868,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors have also made changes to their positions in ADI. Reik & CO. LLC boosted its position in Analog Devices by 16.8% in the 4th quarter. Reik & CO. LLC now owns 3,830 shares of the semiconductor company’s stock valued at $341,000 after buying an additional 550 shares during the last quarter. Northwestern Mutual Wealth Management Co. boosted its position in Analog Devices by 4.5% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 12,766 shares of the semiconductor company’s stock valued at $1,137,000 after buying an additional 555 shares during the last quarter. Checchi Capital Advisers LLC boosted its position in Analog Devices by 19.9% in the 1st quarter. Checchi Capital Advisers LLC now owns 3,502 shares of the semiconductor company’s stock valued at $319,000 after buying an additional 581 shares during the last quarter. Bronfman E.L. Rothschild L.P. boosted its position in Analog Devices by 12.1% in the 4th quarter. Bronfman E.L. Rothschild L.P. now owns 5,521 shares of the semiconductor company’s stock valued at $492,000 after buying an additional 595 shares during the last quarter. Finally, Penserra Capital Management LLC boosted its position in Analog Devices by 18.6% in the 4th quarter. Penserra Capital Management LLC now owns 4,060 shares of the semiconductor company’s stock valued at $361,000 after buying an additional 638 shares during the last quarter. 87.93% of the stock is owned by hedge funds and other institutional investors.

ADI opened at $95.04 on Friday. The stock has a market cap of $34.91 billion, a P/E ratio of 20.14, a price-to-earnings-growth ratio of 1.40 and a beta of 1.24. Analog Devices has a fifty-two week low of $76.07 and a fifty-two week high of $98.38. The company has a current ratio of 1.76, a quick ratio of 1.31 and a debt-to-equity ratio of 0.71.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, February 28th. The semiconductor company reported $1.42 earnings per share for the quarter, topping the consensus estimate of $1.29 by $0.13. The firm had revenue of $1.52 billion for the quarter, compared to analyst estimates of $1.49 billion. Analog Devices had a net margin of 13.80% and a return on equity of 18.78%. Analog Devices’s quarterly revenue was up 54.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.94 earnings per share. sell-side analysts predict that Analog Devices will post 5.63 earnings per share for the current fiscal year.

ADI has been the subject of a number of analyst reports. B. Riley reissued a “buy” rating and issued a $122.00 price objective (up from $113.00) on shares of Analog Devices in a research report on Wednesday, February 28th. Argus upped their target price on shares of Analog Devices from $100.00 to $110.00 and gave the company a “buy” rating in a research note on Thursday, March 1st. They noted that the move was a valuation call. Stifel Nicolaus upped their target price on shares of Analog Devices from $102.00 to $105.00 and gave the company a “buy” rating in a research note on Thursday, March 1st. Zacks Investment Research upgraded shares of Analog Devices from a “hold” rating to a “buy” rating and set a $99.00 target price on the stock in a research note on Monday, March 5th. Finally, BidaskClub upgraded shares of Analog Devices from a “hold” rating to a “buy” rating in a research note on Friday, May 11th. Six equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. The stock currently has an average rating of “Buy” and a consensus target price of $101.50.

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, March 1st. The shares were sold at an average price of $89.89, for a total value of $898,900.00. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CAO Eileen Wynne sold 5,209 shares of the firm’s stock in a transaction that occurred on Friday, March 16th. The shares were sold at an average price of $94.86, for a total transaction of $494,125.74. Following the completion of the sale, the chief accounting officer now owns 3,895 shares in the company, valued at approximately $369,479.70. The disclosure for this sale can be found here. In the last quarter, insiders have sold 67,106 shares of company stock worth $6,060,346. 1.10% of the stock is owned by company insiders.

Analog Devices Profile

Analog Devices, Inc designs, manufactures, and markets a portfolio of solutions that leverage analog, mixed-signal, and digital signal processing technology, including integrated circuits (ICs), algorithms, software, and subsystems. It offers data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; high-performance amplifiers to condition analog signals; and radio frequency ICs to support cellular infrastructure.

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

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