Analog Devices, Inc. $ADI Stock: Calamos Advisors LLC Boosts Holdings

Calamos Advisors LLC lifted its stake in Analog Devices, Inc. (NASDAQ:ADI) by 2.1% in the 3rd quarter, HoldingsChannel.com reports. The firm owned 100,767 shares of the semiconductor company’s stock after acquiring an additional 2,096 shares during the period. Calamos Advisors LLC’s holdings in Analog Devices were worth $39,975,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors also recently bought and sold shares of the stock. Contravisory Investment Management Inc. acquired a new position in Analog Devices during the 2nd quarter valued at approximately $25,000. Manning & Napier Advisors LLC purchased a new position in shares of Analog Devices in the second quarter worth $25,000. Nvwm LLC raised its holdings in shares of Analog Devices by 590.0% in the third quarter. Nvwm LLC now owns 69 shares of the semiconductor company’s stock worth $27,000 after buying an additional 59 shares during the last quarter. Cornerstone Financial Management LLC lifted its stake in shares of Analog Devices by 54.9% during the second quarter. Cornerstone Financial Management LLC now owns 79 shares of the semiconductor company’s stock worth $31,000 after buying an additional 28 shares during the period. Finally, Dunhill Financial LLC acquired a new stake in shares of Analog Devices during the second quarter worth $32,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Analog Devices Stock Performance

NASDAQ ADI traded up $2.55 on Friday, hitting $363.56. 6,867,790 shares of the company’s stock traded hands, compared to its average volume of 3,836,119. The firm’s 50-day moving average price is $390.52 and its two-hundred day moving average price is $373.48. The firm has a market capitalization of $176.17 billion, a PE ratio of 43.13, a P/E/G ratio of 1.00 and a beta of 1.24. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.20. Analog Devices, Inc. has a 1-year low of $223.47 and a 1-year high of $445.91.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, topping analysts’ consensus estimates of $3.34 by $0.11. The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.92 billion. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The business’s quarterly revenue was up 39.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, analysts expect that Analog Devices, Inc. will post 13.00 EPS for the current year.

Analog Devices Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.2%. The ex-dividend date of this dividend was Tuesday, September 1st. Analog Devices’s dividend payout ratio is presently 52.19%.

Wall Street Analysts Forecast Growth

ADI has been the topic of a number of research analyst reports. KeyCorp boosted their price objective on shares of Analog Devices from $500.00 to $525.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. JPMorgan Chase & Co. lifted their price target on Analog Devices from $450.00 to $500.00 and gave the stock an “overweight” rating in a research report on Thursday, August 20th. Weiss Ratings upgraded Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. Sanford C. Bernstein raised Analog Devices from a “market perform” rating to an “outperform” rating and increased their price objective for the company from $430.00 to $465.00 in a report on Wednesday, August 19th. Finally, Wall Street Zen lowered Analog Devices from a “buy” rating to a “hold” rating in a report on Saturday. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Analog Devices has a consensus rating of “Moderate Buy” and a consensus price target of $460.55.

Insider Buying and Selling

In other news, insider Katsufumi Nakamura sold 1,200 shares of the business’s stock in a transaction dated Friday, October 2nd. The stock was sold at an average price of $415.02, for a total value of $498,024.00. Following the completion of the transaction, the insider owned 14,849 shares of the company’s stock, valued at $6,162,631.98. The trade was a 7.48% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Ray Stata sold 1,416 shares of the company’s stock in a transaction dated Wednesday, November 4th. The stock was sold at an average price of $407.28, for a total value of $576,708.48. Following the completion of the sale, the director owned 106,015 shares in the company, valued at $43,177,789.20. The trade was a 1.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 52,436 shares of company stock valued at $20,681,906 in the last 90 days. 0.36% of the stock is currently owned by insiders.

About Analog Devices

Analog Devices, Inc designs and manufactures semiconductor products that help customers sense, measure, interpret and process real-world signals. Its offerings include analog and mixed-signal integrated circuits, power management products, radio-frequency technology, sensors and digital signal processing solutions.

The company’s products are used in industrial automation, automotive systems, communications infrastructure, healthcare equipment, consumer devices and aerospace and defense applications.