Analog Devices, Inc. (NASDAQ:ADI) Stake Lessened by Curi RMB Capital LLC

Curi RMB Capital LLC decreased its position in shares of Analog Devices, Inc. (NASDAQ:ADI) by 1.7% during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 75,069 shares of the semiconductor company’s stock after selling 1,313 shares during the period. Curi RMB Capital LLC’s holdings in Analog Devices were worth $17,279,000 at the end of the most recent quarter.

Other institutional investors have also recently added to or reduced their stakes in the company. Zions Bancorporation N.A. boosted its holdings in Analog Devices by 17.8% during the third quarter. Zions Bancorporation N.A. now owns 4,071 shares of the semiconductor company’s stock worth $937,000 after buying an additional 615 shares in the last quarter. Huntington National Bank lifted its position in shares of Analog Devices by 2.4% during the 3rd quarter. Huntington National Bank now owns 471,158 shares of the semiconductor company’s stock valued at $108,447,000 after acquiring an additional 11,225 shares during the last quarter. ICICI Prudential Asset Management Co Ltd boosted its stake in shares of Analog Devices by 18.9% during the 3rd quarter. ICICI Prudential Asset Management Co Ltd now owns 6,481 shares of the semiconductor company’s stock worth $1,492,000 after acquiring an additional 1,030 shares in the last quarter. Kovack Advisors Inc. acquired a new position in shares of Analog Devices in the 3rd quarter worth $365,000. Finally, Oppenheimer & Co. Inc. grew its holdings in shares of Analog Devices by 1.3% in the 3rd quarter. Oppenheimer & Co. Inc. now owns 45,895 shares of the semiconductor company’s stock worth $10,564,000 after acquiring an additional 587 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Analog Devices

In other news, Director Edward H. Frank sold 995 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $234.31, for a total transaction of $233,138.45. Following the completion of the transaction, the director now owns 3,753 shares of the company’s stock, valued at approximately $879,365.43. This represents a 0.00 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, EVP Gregory M. Bryant sold 30,000 shares of Analog Devices stock in a transaction dated Wednesday, September 25th. The shares were sold at an average price of $224.10, for a total transaction of $6,723,000.00. Following the sale, the executive vice president now directly owns 109,093 shares in the company, valued at approximately $24,447,741.30. The trade was a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Edward H. Frank sold 995 shares of the stock in a transaction dated Thursday, August 29th. The stock was sold at an average price of $234.31, for a total transaction of $233,138.45. Following the completion of the transaction, the director now directly owns 3,753 shares of the company’s stock, valued at $879,365.43. This trade represents a 0.00 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 111,495 shares of company stock valued at $25,229,958 in the last ninety days. Company insiders own 0.31% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently weighed in on ADI. Needham & Company LLC reiterated a “hold” rating on shares of Analog Devices in a research report on Thursday, August 22nd. JPMorgan Chase & Co. boosted their target price on shares of Analog Devices from $260.00 to $280.00 and gave the company an “overweight” rating in a research note on Thursday, August 22nd. Cantor Fitzgerald reaffirmed a “neutral” rating and issued a $250.00 target price on shares of Analog Devices in a research report on Tuesday, October 8th. Barclays upped their price target on Analog Devices from $235.00 to $250.00 and gave the company an “equal weight” rating in a research report on Thursday, July 18th. Finally, Bank of America lowered their price objective on shares of Analog Devices from $260.00 to $255.00 and set a “buy” rating on the stock in a research report on Thursday, August 22nd. Six investment analysts have rated the stock with a hold rating and sixteen have given a buy rating to the stock. According to data from MarketBeat.com, Analog Devices currently has an average rating of “Moderate Buy” and an average price target of $249.80.

Analog Devices Stock Down 3.1 %

ADI opened at $212.84 on Thursday. The firm has a market cap of $105.67 billion, a P/E ratio of 63.92, a price-to-earnings-growth ratio of 3.08 and a beta of 1.08. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.24 and a current ratio of 1.69. The business has a 50 day moving average price of $226.16 and a 200 day moving average price of $225.02. Analog Devices, Inc. has a twelve month low of $175.00 and a twelve month high of $244.14.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, August 21st. The semiconductor company reported $1.58 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.50 by $0.08. The company had revenue of $2.31 billion during the quarter, compared to analysts’ expectations of $2.27 billion. Analog Devices had a net margin of 17.07% and a return on equity of 9.47%. The business’s quarterly revenue was down 24.8% compared to the same quarter last year. During the same period in the prior year, the company earned $2.49 earnings per share. Research analysts forecast that Analog Devices, Inc. will post 6.34 EPS for the current year.

Analog Devices Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 17th. Shareholders of record on Tuesday, September 3rd were issued a $0.92 dividend. This represents a $3.68 dividend on an annualized basis and a yield of 1.73%. The ex-dividend date was Tuesday, September 3rd. Analog Devices’s dividend payout ratio (DPR) is presently 110.51%.

About Analog Devices

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.