Curbstone Financial Management Corp Acquires Shares of 2,164 Analog Devices, Inc. (NASDAQ:ADI)

Curbstone Financial Management Corp bought a new position in Analog Devices, Inc. (NASDAQ:ADI) during the 4th quarter, Holdings Channel.com reports. The firm bought 2,164 shares of the semiconductor company’s stock, valued at approximately $460,000.

Several other hedge funds also recently made changes to their positions in ADI. Nilsine Partners LLC grew its position in shares of Analog Devices by 74.0% in the 4th quarter. Nilsine Partners LLC now owns 1,832 shares of the semiconductor company’s stock worth $389,000 after buying an additional 779 shares during the last quarter. Slow Capital Inc. raised its holdings in Analog Devices by 3.4% in the 4th quarter. Slow Capital Inc. now owns 17,984 shares of the semiconductor company’s stock worth $3,821,000 after purchasing an additional 591 shares in the last quarter. Lebenthal Global Advisors LLC lifted its position in shares of Analog Devices by 14.0% in the 4th quarter. Lebenthal Global Advisors LLC now owns 5,022 shares of the semiconductor company’s stock worth $1,067,000 after purchasing an additional 616 shares during the period. Foundations Investment Advisors LLC boosted its stake in shares of Analog Devices by 26.6% during the 4th quarter. Foundations Investment Advisors LLC now owns 2,557 shares of the semiconductor company’s stock valued at $543,000 after purchasing an additional 537 shares in the last quarter. Finally, Pacer Advisors Inc. increased its position in shares of Analog Devices by 2.0% during the fourth quarter. Pacer Advisors Inc. now owns 78,709 shares of the semiconductor company’s stock valued at $16,723,000 after buying an additional 1,524 shares during the period. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ADI has been the topic of a number of research analyst reports. TD Cowen reduced their target price on Analog Devices from $270.00 to $260.00 and set a “buy” rating on the stock in a report on Wednesday, November 27th. Needham & Company LLC reissued a “hold” rating on shares of Analog Devices in a research report on Wednesday, November 27th. Wells Fargo & Company initiated coverage on shares of Analog Devices in a report on Friday, November 22nd. They issued an “equal weight” rating and a $220.00 price objective on the stock. Piper Sandler lowered their target price on shares of Analog Devices from $235.00 to $220.00 and set a “neutral” rating for the company in a report on Wednesday, November 27th. Finally, Truist Financial upped their price target on Analog Devices from $216.00 to $230.00 and gave the stock a “hold” rating in a research note on Friday, January 10th. Seven analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $248.70.

Insiders Place Their Bets

In other Analog Devices news, EVP Gregory M. Bryant sold 20,000 shares of the business’s stock in a transaction dated 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 approximately $13,229,149.91. The trade was a 25.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction dated Thursday, January 2nd. The stock was sold at an average price of $215.49, for a total value of $2,154,900.00. Following the completion of the sale, the chief executive officer now owns 21,983 shares of the company’s stock, valued at approximately $4,737,116.67. The trade was a 31.27 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 50,000 shares of company stock worth $11,029,300. Company insiders own 0.31% of the company’s stock.

Analog Devices Stock Performance

Shares of ADI opened at $215.42 on Tuesday. The firm has a market capitalization of $106.88 billion, a P/E ratio of 65.48, a PEG ratio of 2.57 and a beta of 1.05. The company has a debt-to-equity ratio of 0.19, a current ratio of 1.84 and a quick ratio of 1.35. Analog Devices, Inc. has a one year low of $182.57 and a one year high of $244.14. The business has a fifty day moving average of $216.42 and a 200 day moving average of $222.09.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Tuesday, November 26th. The semiconductor company reported $1.67 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.03. Analog Devices had a return on equity of 9.01% and a net margin of 17.35%. The business had revenue of $2.44 billion for the quarter, compared to analysts’ expectations of $2.41 billion. During the same period last year, the firm posted $2.01 earnings per share. The business’s revenue for the quarter was down 10.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Analog Devices, Inc. will post 7.09 EPS for the current year.

Analog Devices Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Monday, December 9th were issued a dividend of $0.92 per share. The ex-dividend date of this dividend was Monday, December 9th. This represents a $3.68 dividend on an annualized basis and a yield of 1.71%. Analog Devices’s dividend payout ratio is currently 111.85%.

Analog Devices Company 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.