McAdam LLC Increases Position in Analog Devices, Inc. (NASDAQ:ADI)

McAdam LLC grew its stake in Analog Devices, Inc. (NASDAQ:ADI) by 7.2% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 1,046 shares of the semiconductor company’s stock after acquiring an additional 70 shares during the quarter. McAdam LLC’s holdings in Analog Devices were worth $222,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Czech National Bank grew its stake in Analog Devices by 7.0% during the 3rd quarter. Czech National Bank now owns 101,084 shares of the semiconductor company’s stock valued at $23,267,000 after purchasing an additional 6,584 shares during the last quarter. GAMMA Investing LLC raised its holdings in Analog Devices by 30.4% in the 3rd quarter. GAMMA Investing LLC now owns 8,237 shares of the semiconductor company’s stock worth $1,896,000 after purchasing an additional 1,920 shares during the period. IAM Advisory LLC raised its holdings in Analog Devices by 2.2% in the 3rd quarter. IAM Advisory LLC now owns 8,431 shares of the semiconductor company’s stock worth $1,941,000 after purchasing an additional 181 shares during the period. Miracle Mile Advisors LLC raised its holdings in Analog Devices by 6.0% in the 3rd quarter. Miracle Mile Advisors LLC now owns 3,595 shares of the semiconductor company’s stock worth $827,000 after purchasing an additional 204 shares during the period. Finally, Fulton Bank N.A. increased its stake in Analog Devices by 53.2% during the 3rd quarter. Fulton Bank N.A. now owns 1,936 shares of the semiconductor company’s stock worth $446,000 after buying an additional 672 shares in the last quarter. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction that occurred on Thursday, January 2nd. The shares were sold at an average price of $215.49, for a total value of $2,154,900.00. Following the sale, the chief executive officer now owns 21,983 shares in the company, valued at approximately $4,737,116.67. This trade represents a 31.27 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. 0.31% of the stock is currently owned by corporate insiders.

Analog Devices Trading Down 3.1 %

ADI stock opened at $205.24 on Tuesday. Analog Devices, Inc. has a 52 week low of $182.57 and a 52 week high of $244.14. The company has a market cap of $101.82 billion, a price-to-earnings ratio of 62.38, a PEG ratio of 2.43 and a beta of 1.05. The company has a quick ratio of 1.35, a current ratio of 1.84 and a debt-to-equity ratio of 0.19. The business has a fifty day simple moving average of $216.43 and a 200-day simple moving average of $221.17.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Tuesday, November 26th. The semiconductor company reported $1.67 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.03. Analog Devices had a net margin of 17.35% and a return on equity of 9.01%. The company had revenue of $2.44 billion during the quarter, compared to analysts’ expectations of $2.41 billion. During the same period in the prior year, the company posted $2.01 EPS. The firm’s revenue for the quarter was down 10.1% on a year-over-year basis. On average, equities research analysts expect that Analog Devices, Inc. will post 7.09 EPS for the current year.

Analog Devices Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 9th were given a dividend of $0.92 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $3.68 annualized dividend and a dividend yield of 1.79%. Analog Devices’s payout ratio is 111.85%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ADI shares. Needham & Company LLC reiterated a “hold” rating on shares of Analog Devices in a research note on Wednesday, November 27th. Cantor Fitzgerald reiterated a “neutral” rating and issued a $250.00 price objective on shares of Analog Devices in a research report on Tuesday, October 8th. Piper Sandler decreased their price target on Analog Devices from $235.00 to $220.00 and set a “neutral” rating on the stock in a research note on Wednesday, November 27th. Wells Fargo & Company initiated coverage on Analog Devices in a research note on Friday, November 22nd. They issued an “equal weight” rating and a $220.00 price target on the stock. Finally, TD Cowen dropped their price objective on Analog Devices from $270.00 to $260.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $248.70.

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.