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

Tema Etfs LLC acquired a new position in Analog Devices, Inc. (NASDAQ:ADI) during the 4th quarter, according to its most recent filing with the SEC. The fund acquired 1,909 shares of the semiconductor company’s stock, valued at approximately $406,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Norges Bank purchased a new position in Analog Devices in the 4th quarter valued at about $1,755,958,000. Raymond James Financial Inc. purchased a new position in Analog Devices in the 4th quarter valued at about $833,386,000. Proficio Capital Partners LLC lifted its holdings in Analog Devices by 22,005.0% in the 4th quarter. Proficio Capital Partners LLC now owns 3,073,252 shares of the semiconductor company’s stock valued at $652,943,000 after purchasing an additional 3,059,349 shares in the last quarter. Kovitz Investment Group Partners LLC lifted its holdings in Analog Devices by 301.1% in the 4th quarter. Kovitz Investment Group Partners LLC now owns 1,581,157 shares of the semiconductor company’s stock valued at $335,933,000 after purchasing an additional 1,186,981 shares in the last quarter. Finally, Deutsche Bank AG lifted its holdings in Analog Devices by 71.0% in the 4th quarter. Deutsche Bank AG now owns 2,158,914 shares of the semiconductor company’s stock valued at $458,683,000 after purchasing an additional 896,694 shares in the last quarter. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Analog Devices

In other news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, March 12th. The shares were sold at an average price of $209.12, for a total transaction of $2,091,200.00. Following the completion of the sale, 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Ray Stata sold 3,125 shares of the firm’s stock in a transaction that occurred on Tuesday, April 15th. The stock was sold at an average price of $180.21, for a total transaction of $563,156.25. Following the sale, the director now directly owns 186,321 shares of the company’s stock, valued at $33,576,907.41. The trade was a 1.65% decrease in their position. The disclosure for this sale can be found here. Insiders sold 42,934 shares of company stock valued at $8,735,156 over the last 90 days. 0.33% of the stock is owned by corporate insiders.

Analog Devices Stock Down 0.0%

Shares of NASDAQ:ADI opened at $227.11 on Monday. The company has a quick ratio of 1.43, a current ratio of 1.93 and a debt-to-equity ratio of 0.19. Analog Devices, Inc. has a 52-week low of $158.65 and a 52-week high of $247.10. The company has a 50 day moving average of $196.58 and a two-hundred day moving average of $210.33. The company has a market capitalization of $112.64 billion, a price-to-earnings ratio of 72.33, a price-to-earnings-growth ratio of 2.85 and a beta of 0.98.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Wednesday, February 19th. The semiconductor company reported $1.63 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.54 by $0.09. Analog Devices had a net margin of 16.75% and a return on equity of 8.91%. The company had revenue of $2.42 billion during the quarter, compared to the consensus estimate of $2.36 billion. During the same quarter last year, the company earned $1.73 earnings per share. Analog Devices’s revenue for the quarter was down 3.6% on a year-over-year basis. As a group, analysts forecast that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices announced that its board has authorized a share repurchase program on Tuesday, February 18th that authorizes the company to buyback $10.00 billion in shares. This buyback authorization authorizes the semiconductor company to buy up to 9.2% of its shares through open market purchases. Shares buyback programs are usually a sign that the company’s management believes its shares are undervalued.

Analog Devices Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Monday, March 17th. Shareholders of record on Tuesday, March 4th were given a $0.99 dividend. This is an increase from Analog Devices’s previous quarterly dividend of $0.92. The ex-dividend date was Tuesday, March 4th. This represents a $3.96 annualized dividend and a yield of 1.74%. Analog Devices’s dividend payout ratio (DPR) is 126.11%.

Analyst Upgrades and Downgrades

ADI has been the topic of a number of recent research reports. Wells Fargo & Company upped their target price on shares of Analog Devices from $220.00 to $240.00 and gave the company an “equal weight” rating in a report on Thursday, February 20th. Barclays cut their price objective on shares of Analog Devices from $240.00 to $170.00 and set an “equal weight” rating on the stock in a report on Tuesday, April 22nd. Morgan Stanley set a $214.00 price objective on shares of Analog Devices in a report on Monday, April 21st. Lake Street Capital initiated coverage on shares of Analog Devices in a report on Friday, February 14th. They set a “buy” rating on the stock. Finally, Citigroup cut their price objective on shares of Analog Devices from $265.00 to $235.00 and set a “buy” rating on the stock in a report on Friday, April 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and sixteen have issued a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $249.95.

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.