Curat Global LLC Invests $610,000 in Analog Devices, Inc. (NASDAQ:ADI)

Curat Global LLC acquired a new position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm acquired 3,024 shares of the semiconductor company's stock, valued at approximately $610,000.

Several other large investors also recently modified their holdings of ADI. Brighton Jones LLC grew its position in shares of Analog Devices by 39.5% during the 4th quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company's stock worth $397,000 after buying an additional 529 shares during the period. U.S. Capital Wealth Advisors LLC lifted its holdings in shares of Analog Devices by 17.8% in the 4th quarter. U.S. Capital Wealth Advisors LLC now owns 1,830 shares of the semiconductor company's stock worth $389,000 after purchasing an additional 277 shares in the last quarter. Sargent Investment Group LLC lifted its holdings in shares of Analog Devices by 8.0% in the 4th quarter. Sargent Investment Group LLC now owns 1,328 shares of the semiconductor company's stock worth $283,000 after purchasing an additional 98 shares in the last quarter. Stratos Investment Management LLC lifted its holdings in shares of Analog Devices by 5.7% in the 4th quarter. Stratos Investment Management LLC now owns 2,477 shares of the semiconductor company's stock worth $526,000 after purchasing an additional 133 shares in the last quarter. Finally, Choreo LLC lifted its holdings in shares of Analog Devices by 25.7% in the 4th quarter. Choreo LLC now owns 23,868 shares of the semiconductor company's stock worth $5,073,000 after purchasing an additional 4,887 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company's stock.

Analyst Upgrades and Downgrades

ADI has been the topic of a number of recent research reports. Oppenheimer increased their target price on Analog Devices from $225.00 to $265.00 and gave the stock an "outperform" rating in a report on Friday, May 16th. Morgan Stanley cut their target price on Analog Devices from $214.00 to $212.00 and set an "overweight" rating on the stock in a report on Friday, May 23rd. Benchmark reiterated a "buy" rating and issued a $260.00 target price (down from $275.00) on shares of Analog Devices in a report on Friday, May 23rd. Cantor Fitzgerald increased their target price on Analog Devices from $230.00 to $250.00 and gave the stock a "neutral" rating in a report on Monday, May 19th. Finally, Wall Street Zen upgraded Analog Devices from a "hold" rating to a "buy" rating in a report on Saturday, May 24th. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and sixteen have given a buy rating to the stock. Based on data from MarketBeat.com, Analog Devices currently has a consensus rating of "Moderate Buy" and an average price target of $248.63.

Insider Activity

In related news, Director Ray Stata sold 3,125 shares of the business's stock in a transaction that occurred on Tuesday, April 15th. The shares were sold at an average price of $180.21, for a total transaction of $563,156.25. Following the completion of the transaction, the director now owns 186,321 shares of the company's stock, valued at approximately $33,576,907.41. The trade was a 1.65% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Vivek Jain sold 12,684 shares of the business's stock in a transaction that occurred on Monday, March 24th. The shares were sold at an average price of $210.00, for a total transaction of $2,663,640.00. Following the transaction, the executive vice president now directly owns 43,175 shares of the company's stock, valued at approximately $9,066,750. This represents a 22.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 42,934 shares of company stock valued at $8,735,156 over the last quarter. Company insiders own 0.33% of the company's stock.

Analog Devices Stock Performance

ADI stock traded up $4.22 during mid-day trading on Friday, hitting $222.26. The company had a trading volume of 3,246,027 shares, compared to its average volume of 3,556,407. The firm has a market cap of $110.30 billion, a PE ratio of 70.78, a price-to-earnings-growth ratio of 2.85 and a beta of 1.00. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.43 and a current ratio of 1.93. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $247.10. The stock's fifty day moving average price is $199.12 and its two-hundred day moving average price is $210.24.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings data on Thursday, May 22nd. The semiconductor company reported $1.85 EPS for the quarter, topping the consensus estimate of $1.70 by $0.15. The business had revenue of $2.64 billion for the quarter, compared to analyst estimates of $2.50 billion. Analog Devices had a net margin of 16.75% and a return on equity of 8.91%. The company's revenue for the quarter was up 22.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.40 earnings per share. On average, analysts forecast that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, June 18th. Stockholders of record on Wednesday, June 4th will be given a $0.99 dividend. This represents a $3.96 annualized dividend and a dividend yield of 1.78%. The ex-dividend date is Wednesday, June 4th. Analog Devices's dividend payout ratio (DPR) is currently 107.90%.

Analog Devices declared that its Board of Directors has approved a stock repurchase plan on Tuesday, February 18th that permits the company to buyback $10.00 billion in shares. This buyback authorization permits the semiconductor company to reacquire up to 9.2% of its shares through open market purchases. Shares buyback plans are usually an indication that the company's management believes its shares are undervalued.

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.