Curi RMB Capital LLC Increases Stock Position in Analog Devices, Inc. (NASDAQ:ADI)

Curi RMB Capital LLC grew its holdings in Analog Devices, Inc. (NASDAQ:ADI) by 45.9% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 109,555 shares of the semiconductor company’s stock after purchasing an additional 34,486 shares during the period. Curi RMB Capital LLC’s holdings in Analog Devices were worth $23,276,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Dnca Finance lifted its stake in Analog Devices by 317.0% during the 4th quarter. Dnca Finance now owns 41,700 shares of the semiconductor company’s stock valued at $8,860,000 after acquiring an additional 31,700 shares during the period. GeoWealth Management LLC grew its holdings in shares of Analog Devices by 11.5% in the fourth quarter. GeoWealth Management LLC now owns 3,433 shares of the semiconductor company’s stock worth $729,000 after acquiring an additional 354 shares during the period. Alpha DNA Investment Management LLC increased its position in shares of Analog Devices by 149.9% during the 4th quarter. Alpha DNA Investment Management LLC now owns 21,470 shares of the semiconductor company’s stock valued at $4,562,000 after purchasing an additional 12,879 shares during the last quarter. CANADA LIFE ASSURANCE Co lifted its stake in shares of Analog Devices by 6.3% in the 4th quarter. CANADA LIFE ASSURANCE Co now owns 513,111 shares of the semiconductor company’s stock worth $108,958,000 after purchasing an additional 30,353 shares during the period. Finally, Osterweis Capital Management Inc. lifted its stake in shares of Analog Devices by 1.4% in the 4th quarter. Osterweis Capital Management Inc. now owns 126,691 shares of the semiconductor company’s stock worth $26,917,000 after purchasing an additional 1,784 shares during the period. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Insider Activity at Analog Devices

In other news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Wednesday, March 12th. The stock was sold at an average price of $209.12, for a total transaction of $2,091,200.00. Following the completion of the sale, the chief executive officer now directly owns 64,918 shares in the company, valued at approximately $13,575,652.16. This trade represents a 13.35 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction dated Tuesday, April 15th. The shares were sold at an average price of $180.21, for a total transaction of $563,156.25. Following the sale, the director now owns 186,321 shares of the company’s stock, valued at $33,576,907.41. The trade was a 1.65 % decrease in their position. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 29,809 shares of company stock worth $6,154,756. Insiders own 0.33% of the company’s stock.

Analog Devices Stock Up 0.2 %

Shares of ADI opened at $176.27 on Friday. The business’s 50 day simple moving average is $206.00 and its 200-day simple moving average is $214.33. Analog Devices, Inc. has a 1 year low of $158.65 and a 1 year high of $247.10. The stock has a market capitalization of $87.43 billion, a price-to-earnings ratio of 56.14, a price-to-earnings-growth ratio of 2.85 and a beta of 1.06. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.93 and a quick ratio of 1.43.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, February 19th. The semiconductor company reported $1.63 earnings per share for the quarter, topping analysts’ consensus estimates of $1.54 by $0.09. The firm had revenue of $2.42 billion for the quarter, compared to the consensus estimate of $2.36 billion. Analog Devices had a net margin of 16.75% and a return on equity of 8.91%. The business’s quarterly revenue was down 3.6% on a year-over-year basis. During the same period in the previous year, the firm posted $1.73 EPS. As a group, equities analysts expect that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices announced that its Board of Directors has authorized a share buyback plan on Tuesday, February 18th that permits the company to buyback $10.00 billion in shares. This buyback authorization permits the semiconductor company to purchase up to 9.2% of its shares through open market purchases. Shares buyback plans are often an indication that the company’s leadership believes its stock is undervalued.

Analog Devices Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, March 17th. Investors of record on Tuesday, March 4th were paid a dividend of $0.99 per share. The ex-dividend date was Tuesday, March 4th. This is a boost from Analog Devices’s previous quarterly dividend of $0.92. This represents a $3.96 dividend on an annualized basis and a dividend yield of 2.25%. Analog Devices’s payout ratio is currently 126.11%.

Analyst Upgrades and Downgrades

A number of equities analysts recently commented on ADI shares. Wells Fargo & Company raised their target price on Analog Devices from $220.00 to $240.00 and gave the stock an “equal weight” rating in a report on Thursday, February 20th. JPMorgan Chase & Co. raised their price objective on Analog Devices from $280.00 to $300.00 and gave the stock an “overweight” rating in a research note on Thursday, February 20th. Citigroup cut their price objective on Analog Devices from $265.00 to $235.00 and set a “buy” rating for the company in a research note on Friday, April 11th. Barclays decreased their target price on shares of Analog Devices from $250.00 to $210.00 and set an “equal weight” rating on the stock in a research note on Friday, January 17th. Finally, Maxim Group started coverage on shares of Analog Devices in a research report on Friday, February 14th. They issued a “buy” rating for the company. Six analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $254.05.

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.