1,909 Shares in Analog Devices, Inc. (NASDAQ:ADI) Bought by Tema Etfs LLC

Tema Etfs LLC acquired a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) during the 4th quarter, Holdings Channel.com reports. The firm acquired 1,909 shares of the semiconductor company’s stock, valued at approximately $406,000.

Several other large investors have also recently added to or reduced their stakes in the company. Hopwood Financial Services Inc. bought a new stake in Analog Devices in the fourth quarter valued at $30,000. Mainstream Capital Management LLC bought a new stake in Analog Devices in the fourth quarter valued at $30,000. Cassady Schiller Wealth Management LLC lifted its stake in Analog Devices by 63.2% in the fourth quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company’s stock valued at $30,000 after buying an additional 55 shares during the last quarter. Financial Life Planners bought a new stake in shares of Analog Devices during the fourth quarter valued at about $33,000. Finally, Kestra Investment Management LLC bought a new stake in shares of Analog Devices during the fourth quarter valued at about $41,000. 86.81% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, Director Ray Stata sold 3,125 shares of the company’s stock in a transaction that occurred on Tuesday, May 6th. The stock was sold at an average price of $195.84, for a total transaction of $612,000.00. Following the completion of the transaction, the director now directly owns 180,071 shares in the company, valued at $35,265,104.64. The trade was a 1.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction that occurred on Wednesday, March 12th. The stock was sold at an average price of $209.12, for a total value of $2,091,200.00. Following the transaction, the chief executive officer now owns 64,918 shares of the company’s stock, valued at approximately $13,575,652.16. This trade represents a 13.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 42,934 shares of company stock worth $8,735,156. 0.33% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ADI. Lake Street Capital began coverage on shares of Analog Devices in a research note on Friday, February 14th. They set a “buy” rating on the stock. Needham & Company LLC restated a “hold” rating on shares of Analog Devices in a research note on Thursday, February 20th. UBS Group cut their price objective on shares of Analog Devices from $300.00 to $295.00 and set a “buy” rating on the stock in a research note on Monday, May 12th. Seaport Res Ptn upgraded shares of Analog Devices to a “strong sell” rating in a research note on Wednesday, April 30th. Finally, Maxim Group assumed coverage on shares of Analog Devices in a research note on Friday, February 14th. They set a “buy” rating on the stock. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus price target of $249.95.

Analog Devices Stock Down 0.0%

Shares of Analog Devices stock opened at $227.11 on Monday. The firm has a market cap of $112.64 billion, a price-to-earnings ratio of 72.33, a P/E/G ratio of 2.85 and a beta of 0.98. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.93 and a quick ratio of 1.43. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $247.10. The stock has a 50-day simple moving average of $196.58 and a 200-day simple moving average of $210.33.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, February 19th. The semiconductor company reported $1.63 earnings per share for the quarter, topping the consensus estimate of $1.54 by $0.09. Analog Devices had a return on equity of 8.91% and a net margin of 16.75%. The firm had revenue of $2.42 billion during the quarter, compared to analyst estimates of $2.36 billion. During the same period in the previous year, the company earned $1.73 EPS. The company’s revenue for the quarter was down 3.6% on a year-over-year basis. On average, equities research analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices declared that its Board of Directors has approved a share repurchase program on Tuesday, February 18th that allows the company to buyback $10.00 billion in shares. This buyback authorization allows the semiconductor company to repurchase up to 9.2% of its stock through open market purchases. Stock buyback programs are usually an indication that the company’s leadership believes its shares are undervalued.

Analog Devices Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, March 4th were issued a $0.99 dividend. This is a positive change from Analog Devices’s previous quarterly dividend of $0.92. This represents a $3.96 annualized dividend and a yield of 1.74%. The ex-dividend date was Tuesday, March 4th. Analog Devices’s payout ratio is 126.11%.

Analog Devices Profile

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.