RDA Financial Network Grows Stake in Analog Devices, Inc. (NASDAQ:ADI)

RDA Financial Network boosted its stake in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 21.1% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,568 shares of the semiconductor company's stock after acquiring an additional 1,319 shares during the period. RDA Financial Network's holdings in Analog Devices were worth $1,608,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Capital Performance Advisors LLP purchased a new stake in shares of Analog Devices in the third quarter valued at about $28,000. Archer Investment Corp boosted its holdings in Analog Devices by 101.4% in the 3rd quarter. Archer Investment Corp now owns 145 shares of the semiconductor company's stock valued at $33,000 after purchasing an additional 73 shares in the last quarter. Peterson Financial Group Inc. purchased a new stake in Analog Devices in the 3rd quarter valued at approximately $43,000. Reston Wealth Management LLC acquired a new position in Analog Devices during the 3rd quarter worth approximately $48,000. Finally, Northwest Investment Counselors LLC purchased a new position in shares of Analog Devices during the 3rd quarter worth approximately $80,000. 86.81% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on ADI shares. Truist Financial upped their price objective on Analog Devices from $216.00 to $230.00 and gave the stock a "hold" rating in a report on Friday, January 10th. TD Cowen lowered their price target on shares of Analog Devices from $270.00 to $260.00 and set a "buy" rating on the stock in a research note on Wednesday, November 27th. Cantor Fitzgerald reiterated a "neutral" rating and issued a $250.00 price objective on shares of Analog Devices in a research note on Tuesday, October 8th. Piper Sandler lowered their target price on shares of Analog Devices from $235.00 to $220.00 and set a "neutral" rating on the stock in a research report on Wednesday, November 27th. Finally, Wells Fargo & Company assumed coverage on shares of Analog Devices in a report on Friday, November 22nd. They issued an "equal weight" rating and a $220.00 target price for the company. Seven equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $247.57.

Analog Devices Trading Up 1.9 %

Shares of NASDAQ:ADI traded up $4.14 during trading on Friday, reaching $219.16. The stock had a trading volume of 2,871,098 shares, compared to its average volume of 2,463,744. Analog Devices, Inc. has a fifty-two week low of $182.57 and a fifty-two week high of $244.14. The business has a fifty day moving average price of $215.78 and a 200-day moving average price of $222.60. The stock has a market cap of $108.77 billion, a P/E ratio of 66.61, a PEG ratio of 2.43 and a beta of 1.05. The company has a quick ratio of 1.35, a current ratio of 1.84 and a debt-to-equity ratio of 0.19.

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

Analog Devices Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Friday, December 20th. Shareholders of record on Monday, December 9th were issued a $0.92 dividend. This represents a $3.68 annualized dividend and a yield of 1.68%. The ex-dividend date of this dividend was Monday, December 9th. Analog Devices's dividend payout ratio (DPR) is 111.85%.

Insider Activity

In related news, EVP Gregory M. Bryant sold 20,000 shares of Analog Devices stock in a transaction on Friday, November 1st. The stock was sold at an average price of $223.87, for a total value of $4,477,400.00. Following the transaction, the executive vice president now owns 59,093 shares in the company, valued at approximately $13,229,149.91. This trade represents a 25.29 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction dated Thursday, January 2nd. The shares were sold at an average price of $215.49, for a total value of $2,154,900.00. Following the sale, the chief executive officer now directly owns 21,983 shares of the company's stock, valued at approximately $4,737,116.67. This trade represents a 31.27 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 50,000 shares of company stock valued at $11,029,300 in the last 90 days. 0.31% of the stock is currently owned by insiders.

Analog Devices 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.