Paradiem LLC Acquires 12,319 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Paradiem LLC grew its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 44.4% during the 4th quarter, HoldingsChannel.com reports. The firm owned 40,084 shares of the semiconductor company’s stock after buying an additional 12,319 shares during the period. Analog Devices accounts for approximately 2.2% of Paradiem LLC’s holdings, making the stock its 9th largest holding. Paradiem LLC’s holdings in Analog Devices were worth $7,959,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the company. Pinnacle Bancorp Inc. increased its stake in Analog Devices by 101.6% in the 4th quarter. Pinnacle Bancorp Inc. now owns 129 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 65 shares in the last quarter. Silver Oak Securities Incorporated acquired a new position in Analog Devices in the third quarter valued at $29,000. Cetera Trust Company N.A acquired a new position in Analog Devices in the fourth quarter valued at $29,000. Northwest Capital Management Inc increased its stake in Analog Devices by 519.2% in the fourth quarter. Northwest Capital Management Inc now owns 161 shares of the semiconductor company’s stock valued at $32,000 after purchasing an additional 135 shares during the last quarter. Finally, Stuart Chaussee & Associates Inc. purchased a new stake in Analog Devices during the fourth quarter valued at about $32,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Insider Transactions at Analog Devices

In other news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Thursday, February 1st. The shares were sold at an average price of $192.11, for a total transaction of $1,921,100.00. Following the sale, the chief executive officer now owns 5,713 shares in the company, valued at $1,097,524.43. The transaction was disclosed in a filing with the SEC, which is available at this link. In other Analog Devices news, EVP Vivek Jain sold 3,479 shares of Analog Devices stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $197.56, for a total value of $687,311.24. Following the completion of the transaction, the executive vice president now directly owns 5,745 shares of the company’s stock, valued at approximately $1,134,982.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction dated Thursday, February 1st. The stock was sold at an average price of $192.11, for a total transaction of $1,921,100.00. Following the completion of the sale, the chief executive officer now owns 5,713 shares of the company’s stock, valued at approximately $1,097,524.43. The disclosure for this sale can be found here. In the last ninety days, insiders sold 24,707 shares of company stock valued at $4,825,113. Insiders own 0.31% of the company’s stock.

Analog Devices Trading Up 2.0 %

Shares of Analog Devices stock traded up $4.03 during trading on Friday, hitting $201.97. The company’s stock had a trading volume of 3,136,261 shares, compared to its average volume of 3,090,032. The company has a debt-to-equity ratio of 0.17, a current ratio of 1.51 and a quick ratio of 0.98. Analog Devices, Inc. has a 52 week low of $154.99 and a 52 week high of $204.20. The stock has a market cap of $100.16 billion, a price-to-earnings ratio of 36.13, a price-to-earnings-growth ratio of 5.07 and a beta of 1.17. The stock has a 50-day moving average price of $193.45 and a two-hundred day moving average price of $187.36.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, February 21st. The semiconductor company reported $1.73 earnings per share for the quarter, topping analysts’ consensus estimates of $1.71 by $0.02. Analog Devices had a net margin of 24.34% and a return on equity of 12.76%. The company had revenue of $2.51 billion for the quarter, compared to analyst estimates of $2.50 billion. During the same quarter in the prior year, the business posted $2.75 EPS. The firm’s revenue was down 22.7% compared to the same quarter last year. Equities research analysts anticipate that Analog Devices, Inc. will post 5.86 EPS for the current fiscal year.

Analog Devices Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 15th. Stockholders of record on Tuesday, March 5th were issued a dividend of $0.92 per share. This is an increase from Analog Devices’s previous quarterly dividend of $0.86. This represents a $3.68 dividend on an annualized basis and a dividend yield of 1.82%. The ex-dividend date of this dividend was Monday, March 4th. Analog Devices’s payout ratio is currently 65.83%.

Analysts Set New Price Targets

ADI has been the subject of a number of analyst reports. The Goldman Sachs Group increased their price target on Analog Devices from $191.00 to $205.00 and gave the company a “buy” rating in a report on Thursday, February 22nd. KeyCorp raised their target price on Analog Devices from $220.00 to $230.00 and gave the company an “overweight” rating in a research report on Thursday, February 22nd. Truist Financial decreased their price target on Analog Devices from $226.00 to $222.00 and set a “buy” rating for the company in a research note on Thursday, February 22nd. Sanford C. Bernstein lowered Analog Devices from an “outperform” rating to a “market perform” rating and set a $200.00 price objective for the company. in a research note on Thursday, January 4th. Finally, Barclays lifted their price objective on Analog Devices from $180.00 to $185.00 and gave the company an “equal weight” rating in a research report on Tuesday, January 16th. Seven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, Analog Devices has an average rating of “Moderate Buy” and an average price target of $208.17.

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.