Paradiem LLC Increases Shareholding in Analog Devices, Inc.

Paradiem LLC has raised its investment in Analog Devices, Inc. (NASDAQ:ADI) by 7.7% during the fourth quarter, as revealed in its latest report filed with the Securities and Exchange Commission (SEC). After acquiring an additional 4,034 shares during this period, Paradiem now holds 56,113 shares of the semiconductor firm. This investment accounts for 3.2% of Paradiem LLC's overall portfolio, making Analog Devices its 13th largest investment. As per the most recent filing, Paradiem's stake in Analog Devices is valued at approximately $11,922,000.

Recent changes in holdings have also been observed by other institutional investors and hedge funds. Thrivent Financial for Lutherans increased its stake in Analog Devices by 9.8% in the second quarter, bringing its total to 24,754 shares, worth around $5,651,000 after an additional purchase of 2,216 shares. EverSource Wealth Advisors LLC similarly augmented its position by 15.4%, now owning 1,672 shares valued at about $387,000. Public Sector Pension Investment Board saw a significant 68.2% boost to its holdings, owning 19,012 shares worth approximately $4,340,000 following a purchase of 7,710 additional shares. Evergreen Capital Management LLC raised its stake by 13.8%, now holding 4,570 shares valued at $1,043,000. Finally, BRITISH COLUMBIA INVESTMENT MANAGEMENT Corp increased its holdings by 59.8%, amassing 94,993 shares worth roughly $21,683,000 after purchasing an additional 35,543 shares. Institutional investors and hedge funds collectively own 86.81% of Analog Devices stock.

Research Analyst Opinions

Recent analyses of Analog Devices from various research firms reflect a mix of sentiments. Cantor Fitzgerald reiterated a "neutral" stance and set a target price of $250.00. Wells Fargo & Company has begun coverage of the stock, assigning it an "equal weight" rating with a target price of $220.00. Needham & Company LLC maintained a "hold" recommendation while Piper Sandler reduced their target from $235.00 to $220.00, suggesting a neutral rating. Morgan Stanley adjusted its price target from $252.00 to $248.00, maintaining an "overweight" rating. Currently, seven analysts have rated Analog Devices with a hold, while fourteen have given it a buy rating. The general consensus indicates a "Moderate Buy" with an average price target of $248.70.

Insider Activity at Analog Devices

Recent transactions by company insiders also reflect some activity. CEO Vincent Roche sold 10,000 shares on November 1st, at an average price of $223.87, resulting in a total transaction of $2,238,700.00. After this sale, he holds 21,983 shares valued at about $4,921,334.21, marking a 31.27% decrease in his position. Additionally, EVP Gregory M. Bryant sold 20,000 shares on the same day for a total of $4,477,400.00, leaving him with 59,093 shares worth around $13,229,149.91, a 25.29% decrease. In total, insiders have sold 50,000 shares worth $11,029,300 in the last three months, and currently, insiders own 0.31% of the stock.

Stock Performance

The stock of Analog Devices rose by 1.2% recently and opened at $224.08. Key financial ratios include a debt-to-equity ratio of 0.19, a current ratio of 1.84, and a quick ratio of 1.35. The 50-day moving average stands at $215.66, while the 200-day moving average is $222.33. The stock has seen a 52-week low of $182.57 and a high of $244.14, contributing to a market capitalization of $111.18 billion. The P/E ratio is reported at 68.11, with a PEG ratio of 2.51 and a beta of 1.05.

On November 26th, Analog Devices released its latest earnings report, showing earnings of $1.67 per share, slightly beating analyst expectations of $1.64. The company's revenue for the quarter was $2.44 billion, exceeding the consensus estimate of $2.41 billion, although this represents a 10.1% decline from the previous year. Analysts forecast the company will report earnings of $7.09 per share for the current fiscal year.

Dividend Information

Additionally, Analog Devices announced a quarterly dividend of $0.92, which was paid on December 20th to stockholders who were on record as of December 9th. This equates to an annualized dividend of $3.68, yielding 1.64% with a payout ratio of 111.85%.

About Analog Devices

Analog Devices, Inc. specializes in designing, manufacturing, testing, and marketing integrated circuits (ICs), software, and subsystems. Its products are used across various regions including North America, South America, Europe, and Asia. The company is known for its data converter products that bridge real-world analog signals with digital data. It also develops power management solutions tailored for multiple sectors including automotive, communications, and industrial markets.

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