Analog Devices, Inc. $ADI Shares Bought by Cwm LLC

Cwm LLC increased its position in Analog Devices, Inc. (NASDAQ:ADI) by 42.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 43,456 shares of the semiconductor company’s stock after buying an additional 13,044 shares during the quarter. Cwm LLC’s holdings in Analog Devices were worth $10,677,000 at the end of the most recent reporting period.

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

Analysts Set New Price Targets

Several equities research analysts have recently weighed in on ADI shares. Zacks Research lowered Analog Devices from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Bank of America increased their price target on Analog Devices from $275.00 to $290.00 and gave the company a “buy” rating in a research report on Wednesday, November 26th. Piper Sandler set a $290.00 price target on Analog Devices in a research note on Tuesday, November 25th. Morgan Stanley upped their price objective on shares of Analog Devices from $288.00 to $293.00 and gave the company an “overweight” rating in a research note on Wednesday, November 26th. Finally, Weiss Ratings reiterated a “buy (b-)” rating on shares of Analog Devices in a report on Monday, December 22nd. Two analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $287.22.

Analog Devices Trading Down 0.3%

Shares of NASDAQ ADI opened at $276.84 on Monday. The company has a current ratio of 2.19, a quick ratio of 1.68 and a debt-to-equity ratio of 0.24. Analog Devices, Inc. has a one year low of $158.65 and a one year high of $284.23. The business has a 50-day moving average price of $254.03 and a two-hundred day moving average price of $244.34. The firm has a market capitalization of $135.55 billion, a PE ratio of 60.71, a PEG ratio of 1.53 and a beta of 1.03.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.22 by $0.04. The business had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.02 billion. Analog Devices had a net margin of 20.58% and a return on equity of 11.23%. The firm’s revenue was up 25.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.67 earnings per share. As a group, analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Monday, December 8th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Monday, December 8th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.4%. Analog Devices’s dividend payout ratio (DPR) is 86.84%.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, SVP Martin Cotter sold 5,000 shares of the business’s stock in a transaction dated Wednesday, December 17th. The stock was sold at an average price of $271.19, for a total value of $1,355,950.00. Following the transaction, the senior vice president owned 59,664 shares in the company, valued at $16,180,280.16. The trade was a 7.73% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Edward H. Frank sold 1,000 shares of the company’s stock in a transaction dated Monday, October 6th. The stock was sold at an average price of $242.74, for a total value of $242,740.00. Following the completion of the transaction, the director directly owned 5,118 shares in the company, valued at approximately $1,242,343.32. The trade was a 16.35% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 40,419 shares of company stock worth $10,249,017 over the last 90 days. 0.33% of the stock is currently owned by insiders.

About Analog Devices

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.