Legacy Private Trust Co. trimmed its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 16.4% in the 4th quarter, Holdings Channel reports. The institutional investor owned 5,478 shares of the semiconductor company’s stock after selling 1,072 shares during the period. Legacy Private Trust Co.’s holdings in Analog Devices were worth $488,000 as of its most recent SEC filing.

Several other institutional investors have also recently made changes to their positions in ADI. Sit Investment Associates Inc. lifted its holdings in Analog Devices by 381.1% in the 4th quarter. Sit Investment Associates Inc. now owns 1,275 shares of the semiconductor company’s stock worth $114,000 after purchasing an additional 1,010 shares during the last quarter. WFG Advisors LP lifted its holdings in Analog Devices by 26.4% in the 2nd quarter. WFG Advisors LP now owns 1,579 shares of the semiconductor company’s stock worth $123,000 after purchasing an additional 330 shares during the last quarter. Fieldpoint Private Securities LLC lifted its holdings in Analog Devices by 91.6% in the 3rd quarter. Fieldpoint Private Securities LLC now owns 1,475 shares of the semiconductor company’s stock worth $127,000 after purchasing an additional 705 shares during the last quarter. Clear Perspective Advisors LLC lifted its holdings in Analog Devices by 3,884.2% in the 3rd quarter. Clear Perspective Advisors LLC now owns 1,514 shares of the semiconductor company’s stock worth $130,000 after purchasing an additional 1,476 shares during the last quarter. Finally, NEXT Financial Group Inc lifted its holdings in Analog Devices by 64.4% in the 3rd quarter. NEXT Financial Group Inc now owns 1,532 shares of the semiconductor company’s stock worth $136,000 after purchasing an additional 600 shares during the last quarter. Institutional investors and hedge funds own 87.08% of the company’s stock.

Several equities research analysts recently weighed in on the company. Stifel Nicolaus reduced their target price on Analog Devices from $100.00 to $98.00 and set a “buy” rating for the company in a report on Wednesday, November 22nd. Morgan Stanley restated an “overweight” rating and issued a $103.00 target price (up from $98.00) on shares of Analog Devices in a report on Wednesday, November 22nd. ValuEngine lowered Analog Devices from a “buy” rating to a “hold” rating in a report on Thursday, September 21st. Drexel Hamilton restated a “buy” rating and issued a $105.00 target price on shares of Analog Devices in a report on Tuesday, November 21st. Finally, KeyCorp restated a “buy” rating and issued a $107.00 target price on shares of Analog Devices in a report on Friday, November 24th. Twelve analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and a consensus target price of $97.21.

Analog Devices, Inc. (ADI) opened at $95.57 on Thursday. 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 company has a market capitalization of $35,230.00, a P/E ratio of 48.27, a price-to-earnings-growth ratio of 1.72 and a beta of 1.29. Analog Devices, Inc. has a 1 year low of $72.09 and a 1 year high of $95.96.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Tuesday, November 21st. The semiconductor company reported $1.45 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.36 by $0.09. The company had revenue of $1.54 billion for the quarter, compared to the consensus estimate 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 for the quarter was up 53.4% on a year-over-year basis. During the same period in the previous year, the business posted $1.05 EPS. equities analysts anticipate that Analog Devices, Inc. will post 5.2 earnings per share for the current year.

In other news, SVP Yusuf Jamal sold 718 shares of the business’s stock in a transaction that occurred on Wednesday, January 3rd. The stock was sold at an average price of $90.89, for a total transaction of $65,259.02. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CEO Vincent Roche sold 100,000 shares of the business’s stock in a transaction that occurred on Monday, December 4th. The shares were sold at an average price of $85.17, for a total value of $8,517,000.00. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 186,066 shares of company stock worth $16,159,623. 1.10% of the stock is currently owned by company insiders.

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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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