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

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

Several other institutional investors have also bought and sold shares of ADI. Capital Performance Advisors LLP purchased a new position in Analog Devices during the 3rd quarter worth $28,000. Archer Investment Corp grew its holdings in Analog Devices by 101.4% during the 3rd quarter. Archer Investment Corp now owns 145 shares of the semiconductor company’s stock worth $33,000 after acquiring an additional 73 shares in the last quarter. Financial Life Planners purchased a new position in Analog Devices during the 4th quarter valued at about $33,000. Peterson Financial Group Inc. purchased a new stake in shares of Analog Devices in the 3rd quarter worth approximately $43,000. Finally, Reston Wealth Management LLC bought a new position in shares of Analog Devices during the third quarter valued at approximately $48,000. Institutional investors own 86.81% of the company’s stock.

Analog Devices Price Performance

ADI stock opened at $205.24 on Tuesday. Analog Devices, Inc. has a twelve month low of $182.57 and a twelve month high of $244.14. The company 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 company has a current ratio of 1.84, a quick ratio of 1.35 and a debt-to-equity ratio of 0.19. The business has a 50 day simple moving average of $216.43 and a 200-day simple moving average of $221.17.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Tuesday, November 26th. The semiconductor company reported $1.67 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.64 by $0.03. The firm had revenue of $2.44 billion for 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%. Analog Devices’s revenue was down 10.1% compared to the same quarter last year. During the same quarter last year, the business earned $2.01 earnings per share. As a group, equities analysts anticipate that Analog Devices, Inc. will post 7.09 EPS for the current year.

Analog Devices Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 9th were given a $0.92 dividend. 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 dividend payout ratio (DPR) is currently 111.85%.

Insider Activity at Analog Devices

In related news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction on Thursday, January 2nd. The stock was sold at an average price of $215.49, for a total transaction of $2,154,900.00. Following the completion of the sale, the chief executive officer now directly owns 21,983 shares of the company’s stock, valued at $4,737,116.67. This trade represents a 31.27 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.31% of the stock is currently owned by insiders.

Analyst Ratings Changes

ADI has been the topic of several recent research reports. TD Cowen dropped their target price on Analog Devices from $270.00 to $260.00 and set a “buy” 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 research note on Wednesday, November 27th. Barclays dropped their target price on Analog Devices from $250.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Morgan Stanley reduced their target price on shares of Analog Devices from $252.00 to $248.00 and set an “overweight” rating for the company in a report on Wednesday, November 27th. Finally, Wells Fargo & Company assumed coverage on Analog Devices in a report on Friday, November 22nd. They issued an “equal weight” rating and a $220.00 price target for the company. Seven investment 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, Analog Devices presently has a consensus rating of “Moderate Buy” and a consensus 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.