WASHINGTON TRUST Co lowered its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 1.2% in the 3rd quarter, according to the company in its most recent filing with the SEC. The firm owned 118,876 shares of the semiconductor company’s stock after selling 1,387 shares during the quarter. WASHINGTON TRUST Co’s holdings in Analog Devices were worth $10,244,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the business. State Board of Administration of Florida Retirement System lifted its stake in shares of Analog Devices by 1.7% in the 3rd quarter. State Board of Administration of Florida Retirement System now owns 505,611 shares of the semiconductor company’s stock valued at $43,568,000 after purchasing an additional 8,240 shares during the period. Morse Asset Management Inc lifted its stake in shares of Analog Devices by 65.4% in the 3rd quarter. Morse Asset Management Inc now owns 50,225 shares of the semiconductor company’s stock valued at $4,328,000 after purchasing an additional 19,855 shares during the period. Wedbush Securities Inc. lifted its stake in shares of Analog Devices by 29.9% in the 3rd quarter. Wedbush Securities Inc. now owns 7,742 shares of the semiconductor company’s stock valued at $667,000 after purchasing an additional 1,780 shares during the period. Dupont Capital Management Corp lifted its stake in shares of Analog Devices by 154.0% in the 3rd quarter. Dupont Capital Management Corp now owns 36,782 shares of the semiconductor company’s stock valued at $3,170,000 after purchasing an additional 22,301 shares during the period. Finally, Summit Securities Group LLC purchased a new position in shares of Analog Devices in the 3rd quarter valued at approximately $233,000. Institutional investors and hedge funds own 86.65% of the company’s stock.

A number of research firms have recently commented on ADI. Jefferies Group LLC restated a “buy” rating and issued a $100.00 target price on shares of Analog Devices in a research note on Thursday, October 19th. SunTrust Banks, Inc. reaffirmed a “buy” rating and set a $106.00 price objective on shares of Analog Devices in a research report on Thursday, October 12th. BidaskClub raised Analog Devices from a “hold” rating to a “buy” rating in a research report on Saturday, October 7th. Zacks Investment Research raised Analog Devices from a “hold” rating to a “buy” rating and set a $98.00 price objective for the company in a research report on Tuesday, October 10th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $98.00 price objective on shares of Analog Devices in a research report on Wednesday, September 20th. Eleven analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $93.65.

In other news, SVP Peter Real sold 4,505 shares of the business’s stock in a transaction dated Wednesday, August 30th. The shares were sold at an average price of $82.13, for a total transaction of $369,995.65. Following the transaction, the senior vice president now directly owns 13,531 shares in the company, valued at $1,111,301.03. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director James Champy sold 12,500 shares of the business’s 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 transaction, the director now owns 21,910 shares in the company, valued at $1,971,900. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 135,994 shares of company stock worth $11,604,048. 1.10% of the stock is currently owned by company insiders.

Shares of Analog Devices, Inc. (NASDAQ ADI) traded up $1.02 during mid-day trading on Friday, hitting $91.81. The stock had a trading volume of 1,360,975 shares, compared to its average volume of 1,720,620. The company has a quick ratio of 1.52, a current ratio of 1.99 and a debt-to-equity ratio of 0.83. The company has a market capitalization of $33,755.60, a PE ratio of 21.45, a price-to-earnings-growth ratio of 1.78 and a beta of 1.32. Analog Devices, Inc. has a 1 year low of $62.50 and a 1 year high of $92.11.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, August 30th. The semiconductor company reported $1.26 EPS for the quarter, beating analysts’ consensus estimates of $1.15 by $0.11. The company had revenue of $1.43 billion for the quarter, compared to analyst estimates of $1.40 billion. Analog Devices had a net margin of 14.77% and a return on equity of 19.06%. Analog Devices’s quarterly revenue was up 64.9% on a year-over-year basis. During the same period in the previous year, the business posted $0.82 earnings per share. research analysts forecast that Analog Devices, Inc. will post 4.6 EPS 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.

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

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