Pacer Advisors Inc. Increases Stock Position in Analog Devices, Inc. $ADI

Pacer Advisors Inc. raised its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 1.3% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 170,776 shares of the semiconductor company’s stock after purchasing an additional 2,167 shares during the quarter. Pacer Advisors Inc.’s holdings in Analog Devices were worth $41,960,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in the stock. Brighton Jones LLC grew its position in Analog Devices by 39.5% in the fourth quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company’s stock worth $397,000 after acquiring an additional 529 shares in the last quarter. AlphaQuest LLC lifted its stake in Analog Devices by 175.2% during the first quarter. AlphaQuest LLC now owns 1,076 shares of the semiconductor company’s stock worth $217,000 after purchasing an additional 685 shares during the last quarter. Jump Financial LLC boosted its holdings in shares of Analog Devices by 16.1% in the 1st quarter. Jump Financial LLC now owns 2,192 shares of the semiconductor company’s stock worth $442,000 after purchasing an additional 304 shares in the last quarter. Ieq Capital LLC increased its position in shares of Analog Devices by 46.1% during the 1st quarter. Ieq Capital LLC now owns 32,300 shares of the semiconductor company’s stock valued at $6,514,000 after purchasing an additional 10,197 shares during the last quarter. Finally, CreativeOne Wealth LLC purchased a new position in shares of Analog Devices during the 1st quarter valued at about $207,000. Institutional investors own 86.81% of the company’s stock.

Analog Devices Price Performance

Shares of ADI stock opened at $276.84 on Friday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.68 and a current ratio of 2.19. Analog Devices, Inc. has a fifty-two week low of $158.65 and a fifty-two week high of $284.23. The firm has a market cap of $135.55 billion, a P/E ratio of 60.71, a P/E/G ratio of 1.53 and a beta of 1.04. The business’s 50 day moving average price is $254.03 and its 200-day moving average price is $244.18.

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

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Stockholders of record on Monday, December 8th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Monday, December 8th. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.4%. Analog Devices’s payout ratio is presently 86.84%.

Analyst Upgrades and Downgrades

ADI has been the subject of several research reports. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $300.00 target price on shares of Analog Devices in a research note on Tuesday, November 25th. Wells Fargo & Company upped their price objective on shares of Analog Devices from $250.00 to $265.00 and gave the company an “equal weight” rating in a research note on Tuesday, November 25th. Truist Financial increased their target price on shares of Analog Devices from $258.00 to $291.00 and gave the company a “hold” rating in a report on Friday, December 19th. JPMorgan Chase & Co. boosted their price target on shares of Analog Devices from $310.00 to $320.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 26th. Finally, BNP Paribas Exane began coverage on shares of Analog Devices in a research report on Tuesday, November 4th. They set an “outperform” rating and a $300.00 price target for the company. Two research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have issued a Hold rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $287.22.

Insider Activity

In other Analog Devices news, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction that occurred on Tuesday, December 16th. The stock was sold at an average price of $279.39, for a total transaction of $873,093.75. Following the sale, the director directly owned 136,321 shares of the company’s stock, valued at approximately $38,086,724.19. The trade was a 2.24% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, CAO Michael Sondel sold 8,169 shares of the company’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $278.03, for a total value of $2,271,227.07. Following the transaction, the chief accounting officer owned 18,913 shares in the company, valued at $5,258,381.39. This trade represents a 30.16% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders have sold 40,419 shares of company stock worth $10,249,017. 0.33% of the stock is owned by company insiders.

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.