Thrivent Financial for Lutherans grew its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 1.8% in the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor owned 16,212 shares of the semiconductor company’s stock after buying an additional 286 shares during the period. Thrivent Financial for Lutherans’ holdings in Analog Devices were worth $1,391,000 as of its most recent filing with the Securities & Exchange Commission.
Several other large investors have also modified their holdings of the business. Legacy Financial Advisors Inc. raised its holdings in shares of Analog Devices by 9,766.7% in the 4th 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 in the last quarter. PRW Wealth Management LLC bought a new position in shares of Analog Devices during the 4th quarter worth approximately $27,000. Bruderman Asset Management LLC bought a new position in shares of Analog Devices during the 4th quarter worth approximately $31,000. Capital Investment Advisory Services LLC bought a new position in shares of Analog Devices during the 4th quarter worth approximately $35,000. Finally, Oregon Public Employees Retirement Fund raised its stake in shares of Analog Devices by 8,439.3% during the 4th quarter. Oregon Public Employees Retirement Fund now owns 3,472,596 shares of the semiconductor company’s stock worth $40,000 after acquiring an additional 3,431,930 shares in the last quarter. 91.31% of the stock is owned by institutional investors and hedge funds.
NASDAQ:ADI opened at $114.44 on Friday. The company has a quick ratio of 1.64, a current ratio of 2.34 and a debt-to-equity ratio of 0.54. The firm has a market cap of $42.15 billion, a price-to-earnings ratio of 19.27, a P/E/G ratio of 1.69 and a beta of 1.25. Analog Devices, Inc. has a fifty-two week low of $76.62 and a fifty-two week high of $118.54.
In related news, SVP Martin Cotter sold 680 shares of the company’s stock in a transaction dated Wednesday, April 3rd. The shares were sold at an average price of $109.62, for a total value of $74,541.60. Following the completion of the sale, the senior vice president now owns 173 shares of the company’s stock, valued at $18,964.26. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Vincent Roche sold 15,505 shares of the company’s stock in a transaction dated Thursday, March 14th. The shares were sold at an average price of $107.20, for a total transaction of $1,662,136.00. Following the completion of the sale, the chief executive officer now directly owns 17,376 shares of the company’s stock, valued at approximately $1,862,707.20. The disclosure for this sale can be found here. Insiders sold 104,820 shares of company stock valued at $11,221,014 in the last three months. 0.50% of the stock is currently owned by insiders.
Several analysts have weighed in on the stock. Zacks Investment Research raised shares of Analog Devices from a “sell” rating to a “hold” rating in a research report on Tuesday, February 12th. Sanford C. Bernstein downgraded shares of Analog Devices from an “outperform” rating to a “market perform” rating and set a $106.00 target price on the stock. in a research report on Monday, March 25th. Barclays reissued a “hold” rating and set a $102.00 target price on shares of Analog Devices in a research report on Friday, January 18th. Bank of America raised shares of Analog Devices from a “neutral” rating to a “buy” rating and boosted their target price for the stock from $96.00 to $125.00 in a research report on Monday, February 11th. Finally, SunTrust Banks upped their price objective on shares of Analog Devices to $126.00 and gave the company an “average” rating in a report on Thursday, February 21st. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, eleven have issued a buy rating and one has issued a strong buy rating to the company. Analog Devices currently has an average rating of “Buy” and an average target price of $102.86.
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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.
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