This article first appeared on GuruFocus.
ETF flows into Analog Devices stretched to a third straight day of net buying in Tuesday’s session, with $152.1 million added. That followed net inflows of $124.8 million on Oct. 19 and $1.4 million on Oct. 16. On Tuesday, 39 ETFs bought shares against 17 that sold, while 165 held. The prior two sessions had been net selling, at $62.5 million on Oct. 15 and $11.8 million on Oct. 14.
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For the full record of ETF and guru buying and selling in ADI, see the ADI guru trades page.
Which ETFs bought ADI on Tuesday?
The largest buyers by dollar value were SOXX ($113.6 million), SOXQ ($1.2 million) and IWX ($0.9 million). In all, 39 ETFs added shares and 17 cut them.
SOXX drove the move, adding 286,008 shares worth $113.6 million, a 6.08% increase in its stake and 4.45% of its portfolio. SOXQ added $1.2 million, while IWX, IYW and ESGU each added $0.9 million. Analog Devices sits in the Technology sector and Semiconductors industry, with a market cap of $196.7 billion.
Have ETFs been buying or selling ADI lately?
Over the last 5 reported days, ETFs were net buyers on 3 and net sellers on 2, so the recent trend is mostly buying.
What does ADI do?
Analog Devices is one of the world’s largest analog semiconductor companies, designing chips that bridge the physical and digital worlds. Its portfolio spans data converters, where it is the industry leader, amplifiers, power management, RF and microwave components, MEMS sensors, and digital signal processors.
Analog Devices reported $13.88 billion in trailing 12-month revenue, up 35.6% over one year, with a 60.4% gross margin and a 29.8% net margin. Its P/E is 48.17, P/B 5.86 and P/S 14.36. The GF Score is 95, and GF Value of $348.82 compares with a price of $405.96. The dividend yield is 1.14%, and the stock is up 51.03% year to date.
