Tema Etfs LLC Purchases Shares of 1,909 Analog Devices, Inc. (NASDAQ:ADI)

Tema Etfs LLC purchased a new position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the 4th quarter, according to its most recent disclosure with the SEC. The fund purchased 1,909 shares of the semiconductor company's stock, valued at approximately $406,000.

A number of other large investors also recently modified their holdings of the business. Mainstream Capital Management LLC bought a new position in Analog Devices in the fourth quarter worth $30,000. Hopwood Financial Services Inc. bought a new position in shares of Analog Devices during the 4th quarter worth about $30,000. Cassady Schiller Wealth Management LLC boosted its position in shares of Analog Devices by 63.2% during the 4th quarter. Cassady Schiller Wealth Management LLC now owns 142 shares of the semiconductor company's stock valued at $30,000 after acquiring an additional 55 shares in the last quarter. Financial Life Planners bought a new stake in Analog Devices in the fourth quarter valued at about $33,000. Finally, Kestra Investment Management LLC acquired a new position in Analog Devices in the fourth quarter worth about $41,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts have weighed in on the company. Williams Trading set a $245.00 price objective on Analog Devices in a report on Friday, February 14th. Cantor Fitzgerald upped their price target on Analog Devices from $230.00 to $250.00 and gave the company a "neutral" rating in a research report on Monday. Seaport Res Ptn raised Analog Devices to a "strong sell" rating in a report on Wednesday, April 30th. Morgan Stanley set a $214.00 target price on shares of Analog Devices in a report on Monday, April 21st. Finally, Needham & Company LLC reissued a "hold" rating on shares of Analog Devices in a report on Thursday, February 20th. One research analyst has rated the stock with a sell rating, six have given a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $252.35.

Analog Devices Trading Down 4.6%

NASDAQ ADI traded down $10.29 on Thursday, reaching $211.93. The company had a trading volume of 8,966,588 shares, compared to its average volume of 3,548,478. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week high of $247.10. The stock's 50 day moving average is $197.63 and its 200-day moving average is $210.50. The company has a quick ratio of 1.43, a current ratio of 1.93 and a debt-to-equity ratio of 0.19. The stock has a market cap of $105.11 billion, a price-to-earnings ratio of 67.49, a PEG ratio of 2.85 and a beta of 0.98.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share for the quarter, beating analysts' consensus estimates of $1.70 by $0.15. Analog Devices had a net margin of 16.75% and a return on equity of 8.91%. During the same period in the prior year, the business posted $1.40 EPS. The firm's quarterly revenue was up 22.3% on a year-over-year basis. Equities analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be given a dividend of $0.99 per share. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.87%. Analog Devices's dividend payout ratio is 126.11%.

Analog Devices announced that its board has approved a stock buyback plan on Tuesday, February 18th that permits the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to buy up to 9.2% of its stock through open market purchases. Stock repurchase plans are often a sign that the company's board believes its stock is undervalued.

Insider Transactions at Analog Devices

In other Analog Devices news, EVP Vivek Jain sold 12,684 shares of the firm's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $210.00, for a total transaction of $2,663,640.00. Following the sale, the executive vice president now directly owns 43,175 shares in the company, valued at approximately $9,066,750. This trade represents a 22.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction on Wednesday, March 12th. The shares were sold at an average price of $209.12, for a total transaction of $2,091,200.00. Following the completion of the sale, the chief executive officer now directly owns 64,918 shares in the company, valued at $13,575,652.16. This represents a 13.35% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 42,934 shares of company stock valued at $8,735,156 over the last three months. 0.33% of the stock is currently owned by corporate insiders.

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.