Katamaran Capital LLP Sells 10,901 Shares of Analog Devices, Inc. $ADI

Katamaran Capital LLP cut its stake in shares of Analog Devices, Inc. (NASDAQ:ADI) by 52.9% during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 9,700 shares of the semiconductor company’s stock after selling 10,901 shares during the quarter. Analog Devices makes up about 2.2% of Katamaran Capital LLP’s portfolio, making the stock its 20th largest position. Katamaran Capital LLP’s holdings in Analog Devices were worth $2,383,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Brighton Jones LLC grew its position in Analog Devices by 39.5% in the 4th quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company’s stock valued at $397,000 after purchasing an additional 529 shares during the period. Sivia Capital Partners LLC lifted its stake in shares of Analog Devices by 36.0% in the second quarter. Sivia Capital Partners LLC now owns 1,752 shares of the semiconductor company’s stock valued at $417,000 after buying an additional 464 shares in the last quarter. Concurrent Investment Advisors LLC grew its holdings in shares of Analog Devices by 2.5% during the second quarter. Concurrent Investment Advisors LLC now owns 25,433 shares of the semiconductor company’s stock valued at $6,053,000 after buying an additional 612 shares during the last quarter. Sovereign Financial Group Inc. increased its position in shares of Analog Devices by 12.7% during the second quarter. Sovereign Financial Group Inc. now owns 1,832 shares of the semiconductor company’s stock worth $436,000 after acquiring an additional 206 shares in the last quarter. Finally, CWM LLC raised its holdings in shares of Analog Devices by 30.7% in the 2nd quarter. CWM LLC now owns 30,412 shares of the semiconductor company’s stock worth $7,239,000 after acquiring an additional 7,137 shares during the last quarter. 86.81% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of analysts have commented on ADI shares. Wall Street Zen raised Analog Devices from a “hold” rating to a “buy” rating in a report on Saturday, January 17th. Bank of America upped their price target on Analog Devices from $320.00 to $350.00 and gave the stock a “buy” rating in a report on Wednesday, January 21st. Cfra restated a “buy” rating and set a $280.00 price objective on shares of Analog Devices in a research note on Tuesday, November 25th. Robert W. Baird upped their target price on shares of Analog Devices from $250.00 to $275.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. Finally, Benchmark reiterated a “buy” rating and issued a $285.00 target price on shares of Analog Devices in a report on Wednesday, November 26th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and six have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $314.22.

Insider Activity at Analog Devices

In related news, SVP Martin Cotter sold 10,000 shares of the firm’s stock in a transaction that occurred on Monday, January 5th. The shares were sold at an average price of $278.44, for a total value of $2,784,400.00. Following the completion of the transaction, the senior vice president directly owned 49,664 shares of the company’s stock, valued at approximately $13,828,444.16. This trade represents a 16.76% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction on Monday, February 2nd. The shares were sold at an average price of $306.92, for a total transaction of $3,069,200.00. Following the sale, the chief executive officer directly owned 155,688 shares in the company, valued at $47,783,760.96. The trade was a 6.04% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 53,544 shares of company stock worth $15,320,417 in the last ninety days. Insiders own 0.36% of the company’s stock.

Analog Devices Price Performance

Shares of NASDAQ ADI opened at $322.96 on Tuesday. The company has a current ratio of 2.19, a quick ratio of 1.68 and a debt-to-equity ratio of 0.24. The stock has a fifty day simple moving average of $291.57 and a two-hundred day simple moving average of $258.09. Analog Devices, Inc. has a 1-year low of $158.65 and a 1-year high of $327.74. The firm has a market cap of $157.81 billion, a price-to-earnings ratio of 70.82, a price-to-earnings-growth ratio of 1.74 and a beta of 1.03.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 EPS for the quarter, beating analysts’ consensus estimates of $2.22 by $0.04. Analog Devices had a return on equity of 11.23% and a net margin of 20.58%.The firm had revenue of $3.08 billion for the quarter, compared to analysts’ expectations of $3.02 billion. During the same quarter in the prior year, the firm earned $1.67 EPS. The business’s revenue for the quarter was up 25.9% compared to the same quarter last year. Analysts anticipate that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Monday, December 22nd. Stockholders of record on Monday, December 8th were given a $0.99 dividend. The ex-dividend date of this dividend was Monday, December 8th. This represents a $3.96 annualized dividend and a dividend yield of 1.2%. Analog Devices’s payout ratio is 86.84%.

Analog Devices Company Profile

Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.