Somerset Trust Co raised its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 24,164 shares of the semiconductor company’s stock after purchasing an additional 587 shares during the period. Analog Devices comprises about 1.1% of Somerset Trust Co’s portfolio, making the stock its 28th largest holding. Somerset Trust Co’s holdings in Analog Devices were worth $2,151,000 as of its most recent SEC filing.

Other hedge funds have also added to or reduced their stakes in the company. Pathstone Family Office LLC boosted its holdings in shares of Analog Devices by 75.0% during the second quarter. Pathstone Family Office LLC now owns 35 shares of the semiconductor company’s stock valued at $1,557,000 after acquiring an additional 15 shares during the period. Sit Investment Associates Inc. boosted its holdings in shares of Analog Devices by 381.1% during the fourth quarter. Sit Investment Associates Inc. now owns 1,275 shares of the semiconductor company’s stock valued at $114,000 after acquiring an additional 1,010 shares during the period. Fieldpoint Private Securities LLC boosted its holdings in shares of Analog Devices by 91.6% during the third quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock valued at $127,000 after acquiring an additional 705 shares during the period. Clear Perspective Advisors LLC boosted its holdings in shares of Analog Devices by 3,884.2% during the third quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock valued at $130,000 after acquiring an additional 1,476 shares during the period. Finally, NEXT Financial Group Inc boosted its holdings in shares of Analog Devices by 64.4% during the third quarter. NEXT Financial Group Inc now owns 1,532 shares of the semiconductor company’s stock valued at $136,000 after acquiring an additional 600 shares during the period. Hedge funds and other institutional investors own 87.08% of the company’s stock.

Shares of Analog Devices, Inc. (ADI) traded up $1.08 during midday trading on Wednesday, reaching $93.10. 3,373,600 shares of the company’s stock were exchanged, compared to its average volume of 2,384,670. Analog Devices, Inc. has a 52 week low of $71.85 and a 52 week high of $93.99. The company has a quick ratio of 1.13, a current ratio of 1.47 and a debt-to-equity ratio of 0.74. The firm has a market cap of $34,930.00, a P/E ratio of 47.02, a price-to-earnings-growth ratio of 1.70 and a beta of 1.29.

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

Several brokerages have recently issued reports on ADI. BidaskClub downgraded shares of Analog Devices from a “buy” rating to a “hold” rating in a report on Thursday, January 11th. Royal Bank of Canada reaffirmed a “buy” rating and issued a $100.00 price objective on shares of Analog Devices in a report on Thursday, January 4th. Piper Jaffray Companies started coverage on shares of Analog Devices in a report on Monday, December 18th. They issued a “neutral” rating and a $92.00 price objective for the company. Morgan Stanley upped their price objective on shares of Analog Devices from $103.00 to $108.00 and gave the stock an “overweight” rating in a report on Wednesday, December 13th. Finally, KeyCorp reaffirmed a “buy” rating and issued a $107.00 price objective on shares of Analog Devices in a report on Friday, November 24th. Twelve equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and an average target price of $97.21.

In other Analog Devices news, SVP Peter Real sold 4,505 shares of the company’s stock in a transaction dated Monday, October 23rd. The shares were sold at an average price of $89.43, for a total value of $402,882.15. Following the completion of the sale, the senior vice president now directly owns 13,531 shares of the company’s stock, valued at approximately $1,210,077.33. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, SVP Gregory N. Henderson sold 4,000 shares of the business’s stock in a transaction dated Friday, January 5th. The stock was sold at an average price of $91.52, for a total value of $366,080.00. Following the sale, the senior vice president now owns 1,163 shares in the company, valued at approximately $106,437.76. The disclosure for this sale can be found here. Insiders sold a total of 186,066 shares of company stock valued at $16,159,623 over the last three months. 1.10% of the stock is owned by corporate insiders.

COPYRIGHT VIOLATION NOTICE: “Somerset Trust Co Acquires 587 Shares of Analog Devices, Inc. (ADI)” was published by Watch List News and is the property of of Watch List News. If you are accessing this report on another domain, it was copied illegally and republished in violation of U.S. & international trademark & copyright laws. The correct version of this report can be read at https://www.watchlistnews.com/somerset-trust-co-acquires-587-shares-of-analog-devices-inc-adi/1810969.html.

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.

Want to see what other hedge funds are holding ADI? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Analog Devices, Inc. (NASDAQ:ADI).

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

Receive News & Ratings for Analog Devices Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Analog Devices and related companies with MarketBeat.com's FREE daily email newsletter.