Curi RMB Capital LLC Sells 1,313 Shares of Analog Devices, Inc. (NASDAQ:ADI)

Curi RMB Capital LLC lowered its position in Analog Devices, Inc. (NASDAQ:ADI) by 1.7% in the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund 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 reporting period.

Other institutional investors and hedge funds have also modified their holdings of the company. Zions Bancorporation N.A. raised its position in Analog Devices by 17.8% in the 3rd quarter. Zions Bancorporation N.A. now owns 4,071 shares of the semiconductor company’s stock valued at $937,000 after purchasing an additional 615 shares during the last quarter. Huntington National Bank increased its position in Analog Devices by 2.4% in 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 in the last quarter. ICICI Prudential Asset Management Co Ltd raised its stake in shares of Analog Devices by 18.9% in the third 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 during the last quarter. Kovack Advisors Inc. acquired a new position in shares of Analog Devices during the third quarter worth approximately $365,000. Finally, Oppenheimer & Co. Inc. grew its stake in shares of Analog Devices by 1.3% during the third quarter. Oppenheimer & Co. Inc. now owns 45,895 shares of the semiconductor company’s stock valued at $10,564,000 after purchasing an additional 587 shares during the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Analog Devices Stock Down 3.1 %

NASDAQ:ADI opened at $212.84 on Thursday. Analog Devices, Inc. has a 52-week low of $175.00 and a 52-week high of $244.14. 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 stock has a 50-day simple moving average of $226.16 and a 200 day simple moving average of $225.02. The company has a market cap of $105.67 billion, a PE ratio of 63.92, a PEG ratio of 3.08 and a beta of 1.08.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data 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. Analog Devices had a net margin of 17.07% and a return on equity of 9.47%. The company had revenue of $2.31 billion for the quarter, compared to the consensus estimate of $2.27 billion. During the same period last year, the company earned $2.49 earnings per share. The firm’s revenue was down 24.8% compared to the same quarter last year. On average, sell-side analysts expect that Analog Devices, Inc. will post 6.34 EPS for the current fiscal year.

Analog Devices Announces Dividend

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

Analyst Ratings Changes

ADI has been the topic of several research reports. Cantor Fitzgerald reaffirmed a “neutral” rating and set a $250.00 price target on shares of Analog Devices in a research note on Tuesday, October 8th. Barclays upped their target price on shares of Analog Devices from $235.00 to $250.00 and gave the company an “equal weight” rating in a research report on Thursday, July 18th. Needham & Company LLC reiterated a “hold” rating on shares of Analog Devices in a research report on Thursday, August 22nd. Bank of America reduced their price target on Analog Devices from $260.00 to $255.00 and set a “buy” rating on the stock in a research report on Thursday, August 22nd. Finally, JPMorgan Chase & Co. boosted their target price on Analog Devices from $260.00 to $280.00 and gave the stock an “overweight” rating 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 company. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $249.80.

Insider Activity at Analog Devices

In related news, Director Edward H. Frank sold 500 shares of the business’s stock in a transaction on Friday, August 23rd. The shares were sold at an average price of $227.24, for a total transaction of $113,620.00. Following the transaction, the director now directly owns 4,748 shares in the company, valued at approximately $1,078,935.52. The trade was 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 this hyperlink. In other Analog Devices news, EVP Gregory M. Bryant sold 20,000 shares of the firm’s stock in a transaction on Friday, November 1st. The stock was sold at an average price of $223.87, for a total transaction of $4,477,400.00. Following the completion of the sale, the executive vice president now owns 59,093 shares of the company’s stock, valued at $13,229,149.91. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Edward H. Frank sold 500 shares of Analog Devices stock in a transaction dated Friday, August 23rd. The stock was sold at an average price of $227.24, for a total transaction of $113,620.00. Following the sale, the director now directly owns 4,748 shares of the company’s stock, valued at $1,078,935.52. The trade was a 0.00 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 111,495 shares of company stock valued at $25,229,958. Insiders own 0.31% of the company’s stock.

Analog Devices Profile

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.