Calamos Wealth Management LLC Sells 15,148 Shares of Analog Devices, Inc. $ADI

Calamos Wealth Management LLC decreased its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 19.9% in the third quarter, HoldingsChannel.com reports. The fund owned 61,103 shares of the semiconductor company’s stock after selling 15,148 shares during the quarter. Calamos Wealth Management LLC’s holdings in Analog Devices were worth $15,013,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Calamos Advisors LLC lifted its holdings in Analog Devices by 10.5% in the 3rd quarter. Calamos Advisors LLC now owns 140,990 shares of the semiconductor company’s stock worth $34,641,000 after purchasing an additional 13,388 shares in the last quarter. VIRGINIA RETIREMENT SYSTEMS ET Al bought a new stake in shares of Analog Devices during the third quarter valued at approximately $6,462,000. Sax Wealth Advisors LLC lifted its holdings in shares of Analog Devices by 2.1% in the third quarter. Sax Wealth Advisors LLC now owns 12,751 shares of the semiconductor company’s stock worth $3,133,000 after buying an additional 264 shares in the last quarter. Smith Salley Wealth Management boosted its position in shares of Analog Devices by 2.0% during the third quarter. Smith Salley Wealth Management now owns 109,416 shares of the semiconductor company’s stock worth $26,884,000 after acquiring an additional 2,097 shares during the last quarter. Finally, Ascent Group LLC grew its stake in Analog Devices by 98.2% during the third quarter. Ascent Group LLC now owns 9,011 shares of the semiconductor company’s stock valued at $2,214,000 after acquiring an additional 4,464 shares in the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Insider Transactions at Analog Devices

In related news, CAO Michael Sondel sold 8,169 shares of Analog Devices stock in a transaction dated Wednesday, December 10th. The shares were sold at an average price of $278.03, for a total transaction of $2,271,227.07. Following the completion of the transaction, the chief accounting officer directly owned 18,913 shares of the company’s stock, valued at approximately $5,258,381.39. The trade was a 30.16% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ray Stata sold 3,125 shares of the stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $279.39, for a total transaction of $873,093.75. Following the completion of the sale, the director directly owned 136,321 shares in the company, valued at $38,086,724.19. This trade represents a 2.24% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 30,419 shares of company stock worth $7,811,917. 0.33% of the stock is currently owned by insiders.

Analog Devices Trading Down 0.3%

Shares of NASDAQ ADI opened at $274.82 on Wednesday. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $284.23. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.19 and a quick ratio of 1.68. The business’s 50 day moving average is $255.18 and its two-hundred day moving average is $245.00. The stock has a market capitalization of $134.57 billion, a P/E ratio of 60.27, a PEG ratio of 1.52 and a beta of 1.04.

Analog Devices (NASDAQ:ADI) last announced its 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. Analog Devices had a return on equity of 11.23% and a net margin of 20.58%.The firm had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.02 billion. During the same quarter in the previous year, the business earned $1.67 EPS. The company’s quarterly revenue was up 25.9% on a year-over-year basis. As a group, research analysts expect that Analog Devices, Inc. will post 7.14 EPS for the current year.

Analog Devices Dividend Announcement

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

Wall Street Analyst Weigh In

Several analysts have commented on ADI shares. UBS Group boosted their price target on shares of Analog Devices from $280.00 to $320.00 and gave the stock a “buy” rating in a research note on Monday, December 8th. BNP Paribas Exane began coverage on Analog Devices in a report on Tuesday, November 4th. They issued an “outperform” rating and a $300.00 target price on the stock. Zacks Research lowered Analog Devices from a “strong-buy” rating to a “hold” rating in a research note on Monday, November 10th. Sanford C. Bernstein restated a “market perform” rating and set a $270.00 price target on shares of Analog Devices in a report on Wednesday, November 26th. Finally, Wells Fargo & Company lifted their price objective on Analog Devices from $250.00 to $265.00 and gave the stock an “equal weight” rating in a research note on Tuesday, November 25th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, Analog Devices has a consensus rating of “Moderate Buy” and an average price target 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.