Calamos Wealth Management LLC Acquires 11,212 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Calamos Wealth Management LLC increased its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 25.5% in the 4th quarter, HoldingsChannel reports. The fund owned 55,138 shares of the semiconductor company’s stock after acquiring an additional 11,212 shares during the period. Calamos Wealth Management LLC’s holdings in Analog Devices were worth $11,715,000 as of its most recent SEC filing.

Other institutional investors have also recently made changes to their positions in the company. Czech National Bank lifted its position in shares of Analog Devices by 7.0% in the third quarter. Czech National Bank now owns 101,084 shares of the semiconductor company’s stock valued at $23,267,000 after acquiring an additional 6,584 shares in the last quarter. GAMMA Investing LLC lifted its position in shares of Analog Devices by 30.4% during 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 last quarter. IAM Advisory LLC lifted its position in shares of Analog Devices by 2.2% during the 3rd quarter. IAM Advisory LLC now owns 8,431 shares of the semiconductor company’s stock worth $1,941,000 after buying an additional 181 shares during the last quarter. Miracle Mile Advisors LLC boosted its position in shares of Analog Devices by 6.0% in the 3rd quarter. Miracle Mile Advisors LLC now owns 3,595 shares of the semiconductor company’s stock valued at $827,000 after purchasing an additional 204 shares during the period. Finally, Fulton Bank N.A. boosted its stake in shares of Analog Devices by 53.2% during the third 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 during the period. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analog Devices Price Performance

ADI opened at $205.24 on Tuesday. 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 firm has a market capitalization of $101.82 billion, a P/E ratio of 62.38, a PEG ratio of 2.43 and a beta of 1.05. The stock has a fifty day moving average of $216.43 and a 200-day moving average of $221.17. Analog Devices, Inc. has a 12-month low of $182.57 and a 12-month high of $244.14.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data 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. Analog Devices had a return on equity of 9.01% and a net margin of 17.35%. The business had revenue of $2.44 billion during the quarter, compared to analyst estimates of $2.41 billion. During the same period last year, the company earned $2.01 earnings per share. Analog Devices’s quarterly revenue was down 10.1% compared to the same quarter last year. Equities analysts forecast that Analog Devices, Inc. will post 7.09 EPS for the current fiscal year.

Analog Devices Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ADI. Wells Fargo & Company began coverage on shares of Analog Devices in a research report on Friday, November 22nd. They issued an “equal weight” rating and a $220.00 price objective for the company. Piper Sandler decreased their price objective on shares of Analog Devices from $235.00 to $220.00 and set a “neutral” rating on the stock in a report on Wednesday, November 27th. Barclays lowered their price target on Analog Devices from $250.00 to $210.00 and set an “equal weight” rating on the stock in a report on Friday, January 17th. Needham & Company LLC reiterated a “hold” rating on shares of Analog Devices in a research report on Wednesday, November 27th. Finally, Truist Financial raised their target price on shares of Analog Devices from $216.00 to $230.00 and gave the stock a “hold” rating in a research report on Friday, January 10th. Seven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $248.70.

Insiders Place Their Bets

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction that occurred on Thursday, January 2nd. The stock was sold at an average price of $215.49, for a total value of $2,154,900.00. Following the transaction, the chief executive officer now directly owns 21,983 shares of the company’s stock, valued at $4,737,116.67. The trade was a 31.27 % decrease in their position. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Insiders own 0.31% of the company’s stock.

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.