Calamos Advisors LLC Sells 20,650 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Calamos Advisors LLC decreased its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 13.0% in the fourth quarter, HoldingsChannel reports. The firm owned 137,856 shares of the semiconductor company’s stock after selling 20,650 shares during the quarter. Calamos Advisors LLC’s holdings in Analog Devices were worth $27,373,000 at the end of the most recent quarter.

Several other institutional investors have also recently made changes to their positions in ADI. Markel Corp raised its position in shares of Analog Devices by 1.4% in the 1st quarter. Markel Corp now owns 1,077,821 shares of the semiconductor company’s stock worth $178,034,000 after acquiring an additional 15,150 shares in the last quarter. Fairfield Bush & CO. bought a new position in shares of Analog Devices in the 1st quarter worth approximately $82,000. United Bank raised its position in shares of Analog Devices by 24.7% in the 1st quarter. United Bank now owns 6,647 shares of the semiconductor company’s stock worth $1,098,000 after acquiring an additional 1,315 shares in the last quarter. U.S. Capital Wealth Advisors LLC raised its position in shares of Analog Devices by 34.7% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 1,599 shares of the semiconductor company’s stock worth $264,000 after acquiring an additional 412 shares in the last quarter. Finally, Canada Pension Plan Investment Board increased its position in Analog Devices by 14.5% during the 1st quarter. Canada Pension Plan Investment Board now owns 116,085 shares of the semiconductor company’s stock valued at $19,175,000 after buying an additional 14,718 shares in the last quarter. Institutional investors own 86.81% of the company’s stock.

Analog Devices Trading Down 0.3 %

ADI traded down $0.60 on Friday, hitting $186.98. The company had a trading volume of 323,203 shares, compared to its average volume of 3,294,944. The company has a market cap of $92.73 billion, a PE ratio of 33.39, a PEG ratio of 4.75 and a beta of 1.17. Analog Devices, Inc. has a 12-month low of $154.99 and a 12-month high of $204.20. The company has a quick ratio of 0.98, a current ratio of 1.51 and a debt-to-equity ratio of 0.17. The business’s fifty day simple moving average is $193.05 and its 200 day simple moving average is $186.47.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 EPS for the quarter, topping the consensus estimate of $1.71 by $0.02. The company had revenue of $2.51 billion during the quarter, compared to analyst estimates of $2.50 billion. Analog Devices had a return on equity of 12.76% and a net margin of 24.34%. The firm’s revenue was down 22.7% on a year-over-year basis. During the same quarter last year, the business posted $2.75 earnings per share. Equities research analysts expect that Analog Devices, Inc. will post 5.86 EPS for the current year.

Analog Devices Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, March 15th. Shareholders of record on Tuesday, March 5th were given a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 1.97%. The ex-dividend date was Monday, March 4th. This is a positive change from Analog Devices’s previous quarterly dividend of $0.86. Analog Devices’s payout ratio is 65.83%.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the company. Sanford C. Bernstein lowered Analog Devices from an “outperform” rating to a “market perform” rating and set a $200.00 price objective for the company. in a research report on Thursday, January 4th. Morgan Stanley reiterated an “overweight” rating and set a $212.00 target price on shares of Analog Devices in a research report on Thursday, April 11th. Cantor Fitzgerald reiterated a “neutral” rating and set a $205.00 target price on shares of Analog Devices in a research report on Monday, March 4th. The Goldman Sachs Group lifted their target price on Analog Devices from $191.00 to $205.00 and gave the company a “buy” rating in a research report on Thursday, February 22nd. Finally, Evercore ISI started coverage on Analog Devices in a research report on Tuesday. They set an “outperform” rating and a $254.00 target price on the stock. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $208.17.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The stock was sold at an average price of $192.11, for a total transaction of $1,921,100.00. Following the completion of the transaction, the chief executive officer now owns 5,713 shares in the company, valued at $1,097,524.43. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. In related news, Director James Champy sold 1,228 shares of the business’s stock in a transaction that occurred on Thursday, March 21st. The stock was sold at an average price of $197.64, for a total value of $242,701.92. Following the completion of the sale, the director now owns 6,371 shares in the company, valued at $1,259,164.44. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $192.11, for a total value of $1,921,100.00. Following the completion of the sale, the chief executive officer now owns 5,713 shares of the company’s stock, valued at approximately $1,097,524.43. The disclosure for this sale can be found here. Insiders sold 24,707 shares of company stock worth $4,825,113 over the last 90 days. Company insiders own 0.31% of the company’s stock.

About Analog Devices

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.