Intrust Bank NA increased its position in Analog Devices, Inc. (NASDAQ:ADI) by 14.9% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 4,204 shares of the semiconductor company’s stock after buying an additional 546 shares during the period. Intrust Bank NA’s holdings in Analog Devices were worth $344,000 as of its most recent filing with the SEC.
A number of other institutional investors also recently modified their holdings of ADI. Sunbelt Securities Inc. boosted its position in Analog Devices by 0.3% in the fourth quarter. Sunbelt Securities Inc. now owns 3,591 shares of the semiconductor company’s stock valued at $261,000 after buying an additional 10 shares during the period. Asset Management Group Inc. boosted its position in Analog Devices by 0.6% in the fourth quarter. Asset Management Group Inc. now owns 3,299 shares of the semiconductor company’s stock valued at $240,000 after buying an additional 19 shares during the period. Wetherby Asset Management Inc. boosted its position in Analog Devices by 1.4% in the fourth quarter. Wetherby Asset Management Inc. now owns 5,357 shares of the semiconductor company’s stock valued at $389,000 after buying an additional 74 shares during the period. Catawba Capital Management VA boosted its position in Analog Devices by 3.0% in the first quarter. Catawba Capital Management VA now owns 4,011 shares of the semiconductor company’s stock valued at $329,000 after buying an additional 116 shares during the period. Finally, Checchi Capital Advisers LLC boosted its position in Analog Devices by 3.4% in the first quarter. Checchi Capital Advisers LLC now owns 3,671 shares of the semiconductor company’s stock valued at $301,000 after buying an additional 122 shares during the period. 90.38% of the stock is currently owned by hedge funds and other institutional investors.
Shares of Analog Devices, Inc. (NASDAQ:ADI) traded up 1.025% during mid-day trading on Friday, reaching $81.305. The company’s stock had a trading volume of 3,183,298 shares. The firm has a 50 day moving average price of $78.44 and a 200 day moving average price of $75.88. The firm has a market cap of $25.14 billion, a price-to-earnings ratio of 27.730 and a beta of 1.19. Analog Devices, Inc. has a 52-week low of $52.17 and a 52-week high of $84.24.
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ADI has been the topic of several research analyst reports. Zacks Investment Research cut Analog Devices from a “hold” rating to a “sell” rating in a research note on Tuesday, January 31st. Jefferies Group LLC lifted their target price on Analog Devices to $100.00 and gave the company a “buy” rating in a research note on Monday, March 20th. Drexel Hamilton lifted their target price on Analog Devices to $93.00 and gave the company a “buy” rating in a research note on Thursday, February 16th. Royal Bank of Canada reaffirmed a “buy” rating and set a $90.00 target price on shares of Analog Devices in a research note on Friday, March 17th. Finally, Wells Fargo & Co lowered Analog Devices from an “outperform” rating to a “market perform” rating in a report on Thursday, February 16th. Eight analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. The stock has an average rating of “Buy” and an average target price of $84.32.
In other Analog Devices news, SVP Margaret K. Seif sold 3,000 shares of the firm’s stock in a transaction that occurred on Tuesday, February 21st. The stock was sold at an average price of $82.50, for a total value of $247,500.00. Following the completion of the transaction, the senior vice president now directly owns 14,284 shares in the company, valued at $1,178,430. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Vincent Roche sold 47,400 shares of the firm’s stock in a transaction that occurred on Friday, March 24th. The shares were sold at an average price of $81.80, for a total value of $3,877,320.00. Following the completion of the transaction, the chief executive officer now owns 75,481 shares of the company’s stock, valued at $6,174,345.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 140,695 shares of company stock valued at $11,553,978. 1.10% of the stock is owned by corporate insiders.
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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