Huntington National Bank Has $35.31 Million Holdings in Analog Devices, Inc. (ADI)

Huntington National Bank cut its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 1.8% in the 4th quarter, Holdings Channel reports. The fund owned 396,566 shares of the semiconductor company’s stock after selling 7,169 shares during the period. Huntington National Bank’s holdings in Analog Devices were worth $35,306,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also modified their holdings of the company. ZWJ Investment Counsel Inc. grew its stake in shares of Analog Devices by 56.0% during the 3rd quarter. ZWJ Investment Counsel Inc. now owns 8,270 shares of the semiconductor company’s stock valued at $713,000 after buying an additional 2,970 shares during the period. Chevy Chase Trust Holdings Inc. grew its stake in shares of Analog Devices by 1.4% during the 3rd quarter. Chevy Chase Trust Holdings Inc. now owns 320,720 shares of the semiconductor company’s stock valued at $27,636,000 after buying an additional 4,416 shares during the period. Toronto Dominion Bank grew its stake in shares of Analog Devices by 25.4% during the 2nd quarter. Toronto Dominion Bank now owns 128,820 shares of the semiconductor company’s stock valued at $10,021,000 after buying an additional 26,076 shares during the period. Page Arthur B grew its stake in shares of Analog Devices by 5.2% during the 3rd quarter. Page Arthur B now owns 28,785 shares of the semiconductor company’s stock valued at $2,480,000 after buying an additional 1,410 shares during the period. Finally, San Francisco Sentry Investment Group CA grew its stake in shares of Analog Devices by 62.3% during the 3rd quarter. San Francisco Sentry Investment Group CA now owns 3,474 shares of the semiconductor company’s stock valued at $300,000 after buying an additional 1,333 shares during the period. Institutional investors own 86.20% of the company’s stock.

Several brokerages have recently issued reports on ADI. BidaskClub raised shares of Analog Devices from a “hold” rating to a “buy” rating in a research note on Saturday, January 20th. Drexel Hamilton reaffirmed a “buy” rating and set a $105.00 price target on shares of Analog Devices in a research report on Tuesday, November 21st. Royal Bank of Canada reaffirmed a “buy” rating and set a $100.00 price target on shares of Analog Devices in a research report on Thursday, January 4th. Oppenheimer reaffirmed a “buy” rating and set a $100.00 price target on shares of Analog Devices in a research report on Friday, November 17th. Finally, Morgan Stanley reaffirmed an “overweight” rating and set a $103.00 price target (up from $98.00) on shares of Analog Devices in a research report on Wednesday, November 22nd. Eleven investment analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company’s stock. The company has an average rating of “Buy” and a consensus price target of $97.21.

Analog Devices, Inc. (ADI) opened at $85.40 on Tuesday. The company has a debt-to-equity ratio of 0.74, a current ratio of 1.47 and a quick ratio of 1.13. The firm has a market cap of $31,480.00, a PE ratio of 43.13, a price-to-earnings-growth ratio of 1.65 and a beta of 1.27. Analog Devices, Inc. has a 12-month low of $74.65 and a 12-month high of $98.38.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Tuesday, November 21st. The semiconductor company reported $1.45 earnings per share for the quarter, beating analysts’ consensus estimates of $1.36 by $0.09. The company had revenue of $1.54 billion during the quarter, compared to analysts’ expectations of $1.50 billion. Analog Devices had a net margin of 14.22% and a return on equity of 18.78%. The firm’s revenue for the quarter was up 53.4% on a year-over-year basis. During the same period in the prior year, the company posted $1.05 EPS. equities research analysts predict that Analog Devices, Inc. will post 5.2 earnings per share for the current year.

In other Analog Devices news, SVP Margaret K. Seif sold 6,345 shares of the company’s stock in a transaction dated Monday, November 27th. The shares were sold at an average price of $88.49, for a total value of $561,469.05. Following the completion of the transaction, the senior vice president now directly owns 20,404 shares of the company’s stock, valued at approximately $1,805,549.96. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, SVP Jean Philibert sold 5,098 shares of the company’s stock in a transaction dated Wednesday, November 22nd. The shares were sold at an average price of $90.24, for a total transaction of $460,043.52. Following the completion of the transaction, the senior vice president now directly owns 5,098 shares of the company’s stock, valued at $460,043.52. The disclosure for this sale can be found here. Over the last three months, insiders sold 179,061 shares of company stock valued at $15,544,241. 0.70% of the stock is currently owned by corporate insiders.

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Analog Devices Company Profile

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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