Curi RMB Capital LLC Grows Stake in Analog Devices, Inc. $ADI

Key Points

• Curi RMB Capital LLC increased its stake in Analog Devices, Inc. by 5.4%, bringing its total holdings to $23.29 million as of its recent SEC filing.
• Analog Devices recently reported $2.05 earnings per share for the quarter, surpassing analysts' expectations and demonstrating a 24.6% increase in revenue compared to the same quarter last year.
• The company announced a $0.99 quarterly dividend, equating to an annualized dividend of $3.96 and resulting in a dividend yield of 1.6%.

Curi RMB Capital LLC grew its position in shares of Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 5.4% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 115,459 shares of the semiconductor company's stock after purchasing an additional 5,904 shares during the period. Curi RMB Capital LLC's holdings in Analog Devices were worth $23,285,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently modified their holdings of ADI. Activest Wealth Management increased its holdings in Analog Devices by 6,350.0% during the 1st quarter. Activest Wealth Management now owns 129 shares of the semiconductor company's stock valued at $26,000 after purchasing an additional 127 shares during the period. Orion Capital Management LLC purchased a new position in Analog Devices during the 4th quarter valued at about $27,000. Menard Financial Group LLC purchased a new position in Analog Devices during the 4th quarter valued at about $27,000. Alpine Bank Wealth Management purchased a new position in Analog Devices during the 1st quarter valued at about $27,000. Finally, N.E.W. Advisory Services LLC purchased a new position in Analog Devices during the 1st quarter valued at about $33,000. Institutional investors own 86.81% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. Evercore ISI upped their target price on Analog Devices from $280.00 to $303.00 and gave the stock an "outperform" rating in a report on Thursday, August 21st. Needham & Company LLC reiterated a "hold" rating on shares of Analog Devices in a report on Thursday, August 21st. JPMorgan Chase & Co. upped their target price on Analog Devices from $300.00 to $310.00 and gave the stock an "overweight" rating in a report on Thursday, August 21st. Piper Sandler upped their target price on Analog Devices from $215.00 to $245.00 and gave the stock a "neutral" rating in a report on Thursday, August 21st. Finally, Cowen restated a "buy" rating on shares of Analog Devices in a research note on Friday, May 23rd. Two analysts have rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have given a Hold rating to the stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average target price of $273.53.

Insider Activity

In other news, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $239.23, for a total transaction of $747,593.75. Following the completion of the sale, the director owned 167,571 shares of the company's stock, valued at approximately $40,088,010.33. The trade was a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP Katsufumi Nakamura sold 2,490 shares of Analog Devices stock in a transaction that occurred on Thursday, August 21st. The shares were sold at an average price of $248.03, for a total transaction of $617,594.70. Following the transaction, the senior vice president directly owned 13,549 shares in the company, valued at approximately $3,360,558.47. The trade was a 15.52% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 25,615 shares of company stock valued at $6,450,988. Corporate insiders own 0.33% of the company's stock.

Analog Devices Stock Up 0.8%

ADI stock traded up $1.91 during midday trading on Monday, hitting $248.98. The company's stock had a trading volume of 2,414,163 shares, compared to its average volume of 3,952,118. The company has a market cap of $122.49 billion, a PE ratio of 63.52, a P/E/G ratio of 2.10 and a beta of 1.08. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $258.13. The company has a current ratio of 2.32, a quick ratio of 1.79 and a debt-to-equity ratio of 0.24. The firm's 50-day moving average is $238.54 and its 200-day moving average is $219.88.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 20th. The semiconductor company reported $2.05 EPS for the quarter, topping the consensus estimate of $1.95 by $0.10. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.The firm had revenue of $2.88 billion during the quarter, compared to analyst estimates of $2.76 billion. During the same period in the prior year, the business posted $1.58 EPS. Analog Devices's revenue was up 24.6% on a year-over-year basis. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. On average, equities research analysts forecast that Analog Devices, Inc. will post 7.14 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be paid a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 1.6%. The ex-dividend date of this dividend is Tuesday, September 2nd. Analog Devices's payout ratio is currently 101.02%.

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.