Curbstone Financial Management Corp Makes New $460,000 Investment in Analog Devices, Inc. (NASDAQ:ADI)

Curbstone Financial Management Corp bought a new stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor bought 2,164 shares of the semiconductor company's stock, valued at approximately $460,000.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Nilsine Partners LLC boosted its holdings 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 valued at $389,000 after buying an additional 779 shares in the last quarter. Slow Capital Inc. lifted its position in Analog Devices by 3.4% in the fourth quarter. Slow Capital Inc. now owns 17,984 shares of the semiconductor company's stock valued at $3,821,000 after acquiring an additional 591 shares during the last quarter. Lebenthal Global Advisors LLC boosted its stake in Analog Devices by 14.0% in the fourth quarter. Lebenthal Global Advisors LLC now owns 5,022 shares of the semiconductor company's stock valued at $1,067,000 after acquiring an additional 616 shares in the last quarter. Foundations Investment Advisors LLC grew its holdings in shares of Analog Devices by 26.6% during the fourth quarter. Foundations Investment Advisors LLC now owns 2,557 shares of the semiconductor company's stock worth $543,000 after purchasing an additional 537 shares during 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 worth $16,723,000 after purchasing an additional 1,524 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Analog Devices Price Performance

NASDAQ:ADI traded down $5.90 during trading hours on Tuesday, hitting $209.52. The company's stock had a trading volume of 3,748,507 shares, compared to its average volume of 3,376,700. Analog Devices, Inc. has a 52-week low of $182.57 and a 52-week high of $244.14. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.35 and a current ratio of 1.84. The business's 50-day moving average is $216.54 and its two-hundred day moving average is $221.96. The company has a market capitalization of $103.95 billion, a PE ratio of 63.68, a PEG ratio of 2.57 and a beta of 1.05.

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

Analog Devices Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Friday, December 20th. Stockholders of record on Monday, December 9th were paid a dividend of $0.92 per share. This represents a $3.68 annualized dividend and a dividend yield of 1.76%. The ex-dividend date was Monday, December 9th. Analog Devices's dividend payout ratio (DPR) is 111.85%.

Wall Street Analyst Weigh In

A number of analysts recently issued reports on ADI shares. Truist Financial upped their target price on Analog Devices from $216.00 to $230.00 and gave the company a "hold" rating in a research report on Friday, January 10th. Wells Fargo & Company initiated coverage on shares of Analog Devices in a research report on Friday, November 22nd. They set an "equal weight" rating and a $220.00 target price on the stock. Morgan Stanley reduced their price target on shares of Analog Devices from $252.00 to $248.00 and set an "overweight" rating for the company in a research report on Wednesday, November 27th. TD Cowen decreased their price target on shares of Analog Devices from $270.00 to $260.00 and set a "buy" rating for the company in a research note on Wednesday, November 27th. Finally, Cantor Fitzgerald restated a "neutral" rating and issued a $250.00 price objective on shares of Analog Devices in a research note on Tuesday, October 8th. Seven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $248.70.

Insider Buying and Selling

In other news, EVP Gregory M. Bryant sold 20,000 shares of the stock in a transaction that occurred on Friday, November 1st. The shares were sold at an average price of $223.87, for a total value of $4,477,400.00. Following the sale, the executive vice president now directly owns 59,093 shares in the company, valued at $13,229,149.91. This represents a 25.29 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction that occurred on Friday, November 1st. The stock was sold at an average price of $223.87, for a total value of $2,238,700.00. Following the transaction, the chief executive officer now owns 21,983 shares of the company's stock, valued at $4,921,334.21. This represents a 31.27 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 50,000 shares of company stock worth $11,029,300 in the last quarter. Company insiders own 0.31% of the company's stock.

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.