Calamos Advisors LLC Has $34.07 Million Stock Position in Analog Devices, Inc. (NASDAQ:ADI)

Calamos Advisors LLC decreased its holdings in shares of Analog Devices, Inc. (NASDAQ:ADI) by 2.5% in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 160,370 shares of the semiconductor company’s stock after selling 4,130 shares during the quarter. Calamos Advisors LLC’s holdings in Analog Devices were worth $34,072,000 at the end of the most recent quarter.

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

Analog Devices Stock Down 3.1 %

ADI stock opened at $205.24 on Tuesday. Analog Devices, Inc. has a fifty-two week low of $182.57 and a fifty-two week high of $244.14. The company has a market cap of $101.82 billion, a price-to-earnings ratio of 62.38, a P/E/G ratio of 2.43 and a beta of 1.05. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.35 and a current ratio of 1.84. The business’s 50-day moving average is $216.43 and its two-hundred day moving average is $221.17.

Analog Devices (NASDAQ:ADI) last released its earnings results on Tuesday, November 26th. The semiconductor company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.03. The company had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.41 billion. Analog Devices had a net margin of 17.35% and a return on equity of 9.01%. The firm’s quarterly revenue was down 10.1% compared to the same quarter last year. During the same period in the prior year, the firm posted $2.01 EPS. As a group, analysts forecast that Analog Devices, Inc. will post 7.09 earnings per share for the current year.

Analog Devices Dividend Announcement

The business also recently disclosed 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. This represents a $3.68 annualized dividend and a dividend yield of 1.79%. The ex-dividend date of this dividend was Monday, December 9th. Analog Devices’s payout ratio is currently 111.85%.

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 on Thursday, January 2nd. The shares were sold at an average price of $215.49, for a total transaction of $2,154,900.00. Following the transaction, the chief executive officer now owns 21,983 shares in the company, valued at $4,737,116.67. The trade was a 31.27 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.31% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on ADI shares. Piper Sandler lowered their price objective on Analog Devices from $235.00 to $220.00 and set a “neutral” rating on the stock in a research report on Wednesday, November 27th. Needham & Company LLC restated a “hold” rating on shares of Analog Devices in a report on Wednesday, November 27th. Barclays dropped their price objective on Analog Devices from $250.00 to $210.00 and set an “equal weight” rating for the company in a report on Friday, January 17th. TD Cowen decreased their price target on shares of Analog Devices from $270.00 to $260.00 and set a “buy” rating for the company in a research note on Wednesday, November 27th. Finally, Truist Financial boosted their target price on shares of Analog Devices from $216.00 to $230.00 and gave the company a “hold” rating in a report on Friday, January 10th. Seven equities research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, Analog Devices has a consensus rating of “Moderate Buy” and an average price target of $248.70.

Analog Devices Company 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.