Paradiem LLC Raises Holdings in Analog Devices, Inc. $ADI

Paradiem LLC increased its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 16.4% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 54,603 shares of the semiconductor company’s stock after acquiring an additional 7,680 shares during the period. Analog Devices comprises 3.1% of Paradiem LLC’s holdings, making the stock its 12th largest position. Paradiem LLC’s holdings in Analog Devices were worth $13,416,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors also recently bought and sold shares of the stock. Howard Hughes Medical Institute purchased a new position in shares of Analog Devices during the 2nd quarter valued at approximately $25,000. Activest Wealth Management increased its holdings in Analog Devices by 6,350.0% in the first quarter. Activest Wealth Management now owns 129 shares of the semiconductor company’s stock valued at $26,000 after buying an additional 127 shares in the last quarter. RMG Wealth Management LLC acquired a new position in shares of Analog Devices in the second quarter worth about $26,000. Clayton Financial Group LLC purchased a new stake in shares of Analog Devices during the 3rd quarter worth about $31,000. Finally, Saudi Central Bank purchased a new stake in shares of Analog Devices during the 1st quarter worth about $39,000. 86.81% of the stock is owned by institutional investors and hedge funds.

Analog Devices Stock Down 0.3%

Shares of ADI opened at $276.84 on Friday. The stock has a 50 day moving average price of $254.03 and a 200 day moving average price of $244.26. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $284.23. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.68 and a current ratio of 2.19. The stock has a market capitalization of $135.55 billion, a price-to-earnings ratio of 60.71, a PEG ratio of 1.53 and a beta of 1.04.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share for the quarter, beating analysts’ consensus estimates of $2.22 by $0.04. Analog Devices had a return on equity of 11.23% and a net margin of 20.58%.The company had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same quarter last year, the firm posted $1.67 EPS. The firm’s revenue for the quarter was up 25.9% on a year-over-year basis. Equities research analysts forecast that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Monday, December 8th were given a dividend of $0.99 per share. The ex-dividend date was Monday, December 8th. This represents a $3.96 dividend on an annualized basis and a yield of 1.4%. Analog Devices’s payout ratio is presently 86.84%.

Analyst Upgrades and Downgrades

ADI has been the subject of several recent analyst reports. BNP Paribas Exane initiated coverage on Analog Devices in a research note on Tuesday, November 4th. They issued an “outperform” rating and a $300.00 price target for the company. Cfra restated a “buy” rating and issued a $280.00 price objective on shares of Analog Devices in a research report on Tuesday, November 25th. Wells Fargo & Company increased their target price on Analog Devices from $250.00 to $265.00 and gave the company an “equal weight” rating in a research report on Tuesday, November 25th. Zacks Research cut shares of Analog Devices from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Finally, Piper Sandler set a $290.00 price target on shares of Analog Devices in a report on Tuesday, November 25th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have given a Hold rating to the company’s stock. According to data from MarketBeat, Analog Devices has an average rating of “Moderate Buy” and a consensus target price of $287.22.

Insider Activity

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction dated Wednesday, October 1st. The shares were sold at an average price of $243.71, for a total value of $2,437,100.00. Following the completion of the sale, the chief executive officer owned 140,118 shares in the company, valued at approximately $34,148,157.78. This represents a 6.66% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edward H. Frank sold 1,000 shares of the firm’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $242.74, for a total transaction of $242,740.00. Following the completion of the transaction, the director directly owned 5,118 shares in the company, valued at $1,242,343.32. This trade represents a 16.35% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold a total of 40,419 shares of company stock valued at $10,249,017 in the last ninety days. 0.33% of the stock is currently owned by corporate insiders.

Analog Devices Profile

Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.