Zevin Asset Management LLC Grows Position in Analog Devices, Inc. (NASDAQ:ADI)

Zevin Asset Management LLC grew its position in Analog Devices, Inc. (NASDAQ:ADI) by 1.6% during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 94,563 shares of the semiconductor company’s stock after purchasing an additional 1,450 shares during the quarter. Analog Devices makes up approximately 3.4% of Zevin Asset Management LLC’s portfolio, making the stock its 10th largest holding. Zevin Asset Management LLC’s holdings in Analog Devices were worth $10,566,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Beacon Investment Advisory Services Inc. bought a new position in Analog Devices during the second quarter worth $421,000. Public Employees Retirement System of Ohio increased its holdings in Analog Devices by 59.0% in the 2nd quarter. Public Employees Retirement System of Ohio now owns 218,223 shares of the semiconductor company’s stock valued at $24,631,000 after buying an additional 80,989 shares during the period. Smith Salley & Associates increased its holdings in Analog Devices by 4.4% in the 2nd quarter. Smith Salley & Associates now owns 72,895 shares of the semiconductor company’s stock valued at $8,228,000 after buying an additional 3,100 shares during the period. Charter Trust Co. increased its holdings in Analog Devices by 10.4% in the 2nd quarter. Charter Trust Co. now owns 11,022 shares of the semiconductor company’s stock valued at $1,244,000 after buying an additional 1,035 shares during the period. Finally, PFG Advisors increased its holdings in Analog Devices by 2.6% in the 2nd quarter. PFG Advisors now owns 8,115 shares of the semiconductor company’s stock valued at $988,000 after buying an additional 205 shares during the period. 87.58% of the stock is currently owned by institutional investors.

Shares of NASDAQ:ADI traded up $0.73 on Friday, hitting $113.02. The stock had a trading volume of 1,123,900 shares, compared to its average volume of 2,551,889. The company has a debt-to-equity ratio of 0.45, a quick ratio of 0.92 and a current ratio of 1.35. Analog Devices, Inc. has a twelve month low of $80.08 and a twelve month high of $124.79. The company has a market capitalization of $41.91 billion, a price-to-earnings ratio of 19.03, a price-to-earnings-growth ratio of 2.05 and a beta of 1.42. The firm’s 50 day moving average price is $110.53 and its 200-day moving average price is $110.38.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, August 21st. The semiconductor company reported $1.26 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.22 by $0.04. Analog Devices had a net margin of 24.71% and a return on equity of 17.87%. The company had revenue of $1.48 billion for the quarter, compared to the consensus estimate of $1.46 billion. During the same period in the prior year, the company posted $1.53 EPS. The company’s revenue was down 5.0% compared to the same quarter last year. As a group, sell-side analysts predict that Analog Devices, Inc. will post 5.2 EPS for the current year.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with MarketBeat.com's FREE daily email newsletter.

Several equities research analysts have issued reports on the stock. ValuEngine lowered shares of Analog Devices from a “buy” rating to a “hold” rating in a report on Wednesday, October 2nd. Raymond James raised shares of Analog Devices from a “market perform” rating to an “outperform” rating and set a $120.00 price target on the stock in a report on Wednesday, October 30th. Morgan Stanley boosted their price target on shares of Analog Devices from $97.00 to $100.00 and gave the company an “equal weight” rating in a report on Thursday, August 22nd. Loop Capital boosted their price target on shares of Analog Devices to $125.00 and gave the company a “buy” rating in a report on Friday, September 27th. Finally, Daiwa Capital Markets assumed coverage on shares of Analog Devices in a report on Tuesday, October 22nd. They issued an “outperform” rating and a $121.00 price target on the stock. One research analyst has rated the stock with a sell rating, five have given a hold rating and fourteen have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus price target of $114.33.

In other news, SVP Joseph Hassett sold 10,544 shares of the company’s stock in a transaction dated Friday, September 13th. The stock was sold at an average price of $116.72, for a total value of $1,230,695.68. Following the completion of the sale, the senior vice president now directly owns 34,360 shares of the company’s stock, valued at approximately $4,010,499.20. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction dated Friday, November 1st. The shares were sold at an average price of $108.96, for a total value of $1,089,600.00. Following the completion of the sale, the chief executive officer now directly owns 31,206 shares of the company’s stock, valued at $3,400,205.76. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 53,362 shares of company stock worth $5,780,793. Corporate insiders own 0.50% of the company’s stock.

Analog Devices Profile

Analog Devices, Inc engages in the design, development, manufacture, and marketing of integrated circuits (ICs). Its products include industrial process control systems, medical imaging equipment, factory process automation systems, patient vital signs monitoring devices, instrumentation and measurement systems, wireless infrastructure equipment, energy management systems, networking equipment, aerospace and defense electronics, optical systems, automobiles, and portable consumer devices.

Featured Article: What is Elliott Wave theory?

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)

Leave a Reply

Your email address will not be published. Required fields are marked *

*