Tirschwell & Loewy Inc. cut its stake in Analog Devices, Inc. (NASDAQ:ADI) by 1.4% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 324,896 shares of the semiconductor company’s stock after selling 4,760 shares during the period. Analog Devices comprises about 4.7% of Tirschwell & Loewy Inc.’s holdings, making the stock its 4th largest holding. Tirschwell & Loewy Inc. owned about 0.09% of Analog Devices worth $34,202,000 as of its most recent filing with the Securities and Exchange Commission.
Other large investors also recently added to or reduced their stakes in the company. Legacy Financial Advisors Inc. boosted its holdings in Analog Devices by 9,766.7% in the fourth quarter. Legacy Financial Advisors Inc. now owns 296 shares of the semiconductor company’s stock valued at $25,000 after purchasing an additional 293 shares during the period. PRW Wealth Management LLC purchased a new stake in Analog Devices during the 4th quarter worth about $27,000. Bruderman Asset Management LLC purchased a new stake in Analog Devices during the 4th quarter worth about $31,000. Liberty Wealth Management LLC purchased a new stake in Analog Devices during the 4th quarter worth about $33,000. Finally, Massmutual Trust Co. FSB ADV purchased a new stake in Analog Devices during the 4th quarter worth about $34,000. Hedge funds and other institutional investors own 91.31% of the company’s stock.
A number of brokerages have issued reports on ADI. Zacks Investment Research raised Analog Devices from a “sell” rating to a “hold” rating in a report on Tuesday, February 12th. Sanford C. Bernstein downgraded Analog Devices from an “outperform” rating to a “market perform” rating and set a $106.00 price target for the company. in a report on Monday, March 25th. Barclays reaffirmed a “hold” rating and set a $102.00 price target on shares of Analog Devices in a report on Friday, January 18th. Bank of America raised Analog Devices from a “neutral” rating to a “buy” rating and lifted their price target for the stock from $96.00 to $125.00 in a report on Monday, February 11th. Finally, SunTrust Banks lifted their price target on Analog Devices to $126.00 and gave the stock an “average” rating in a report on Thursday, February 21st. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eleven have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company has an average rating of “Buy” and an average target price of $102.86.
ADI opened at $115.02 on Friday. The company has a debt-to-equity ratio of 0.54, a quick ratio of 1.64 and a current ratio of 2.34. Analog Devices, Inc. has a one year low of $76.62 and a one year high of $118.54. The stock has a market cap of $42.36 billion, a PE ratio of 19.36, a PEG ratio of 1.69 and a beta of 1.25.
Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, February 20th. The semiconductor company reported $1.33 EPS for the quarter, topping the Zacks’ consensus estimate of $1.28 by $0.05. Analog Devices had a return on equity of 19.99% and a net margin of 25.42%. The business had revenue of $1.54 billion for the quarter, compared to analysts’ expectations of $1.51 billion. During the same quarter in the previous year, the firm earned $1.42 earnings per share. The business’s revenue was down 1.6% compared to the same quarter last year. As a group, equities research analysts anticipate that Analog Devices, Inc. will post 5.45 EPS for the current year.
Analog Devices Company 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.
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