Tema Etfs LLC Purchases New Holdings in Analog Devices, Inc. $ADI

Tema Etfs LLC acquired a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) during the third quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 7,653 shares of the semiconductor company’s stock, valued at approximately $1,880,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ADI. Brighton Jones LLC raised its stake in Analog Devices by 39.5% in the fourth quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company’s stock valued at $397,000 after purchasing an additional 529 shares in the last quarter. Modern Wealth Management LLC bought a new position in Analog Devices in the 1st quarter valued at about $257,000. Wesbanco Bank Inc. raised its position in shares of Analog Devices by 1.2% in the 2nd quarter. Wesbanco Bank Inc. now owns 8,386 shares of the semiconductor company’s stock valued at $1,996,000 after buying an additional 100 shares in the last quarter. Mirabaud & Cie SA acquired a new position in shares of Analog Devices in the 2nd quarter valued at approximately $236,000. Finally, Apella Capital LLC lifted its holdings in shares of Analog Devices by 75.9% during the 2nd quarter. Apella Capital LLC now owns 2,209 shares of the semiconductor company’s stock worth $534,000 after acquiring an additional 953 shares during the period. 86.81% of the stock is owned by institutional investors and hedge funds.

Analog Devices Stock Down 2.3%

Shares of NASDAQ ADI opened at $293.86 on Tuesday. The company has a 50 day simple moving average of $263.85 and a 200 day simple moving average of $248.44. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.19 and a quick ratio of 1.68. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $303.20. The firm has a market cap of $143.89 billion, a PE ratio of 64.44, a price-to-earnings-growth ratio of 1.66 and a beta of 1.03.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $2.22 by $0.04. Analog Devices had a net margin of 20.58% and a return on equity of 11.23%. The firm had revenue of $3.08 billion for the quarter, compared to analyst estimates of $3.02 billion. During the same period in the previous year, the firm posted $1.67 EPS. The company’s revenue for the quarter was up 25.9% compared to the same quarter last year. On average, research analysts forecast that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Monday, December 8th were issued a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a yield of 1.3%. The ex-dividend date was Monday, December 8th. Analog Devices’s dividend payout ratio is presently 86.84%.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Friday, January 2nd. The stock was sold at an average price of $275.07, for a total transaction of $2,750,700.00. Following the transaction, the chief executive officer directly owned 155,688 shares of the company’s stock, valued at approximately $42,825,098.16. The trade was a 6.04% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP Martin Cotter sold 10,000 shares of the company’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $278.44, for a total value of $2,784,400.00. Following the completion of the sale, the senior vice president owned 49,664 shares in the company, valued at $13,828,444.16. This trade represents a 16.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 49,919 shares of company stock worth $13,248,862 over the last 90 days. Company insiders own 0.33% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ADI. Cantor Fitzgerald reissued an “overweight” rating and issued a $350.00 price objective on shares of Analog Devices in a research note on Tuesday, December 16th. Wall Street Zen lowered Analog Devices from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Bank of America boosted their price target on Analog Devices from $275.00 to $290.00 and gave the stock a “buy” rating in a report on Wednesday, November 26th. Stifel Nicolaus set a $280.00 price objective on Analog Devices in a research note on Friday, November 21st. Finally, BNP Paribas assumed coverage on Analog Devices in a research note on Tuesday, November 4th. They set an “outperform” rating and a $300.00 target price for the company. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and seven have given a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $287.22.

Analog Devices Company Profile

Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.