RDA Financial Network Increases Stake in Analog Devices, Inc.

RDA Financial Network has expanded its investment in Analog Devices, Inc. (NASDAQ:ADI) by 21.1% in the fourth quarter, based on the latest 13F filing submitted to the Securities and Exchange Commission (SEC). Following this increase, the fund now possesses 7,568 shares of the semiconductor company after acquiring an additional 1,319 shares during this period. As of the end of the latest quarter, RDA Financial Network's holdings in Analog Devices are valued at approximately $1.61 million.

Institutional Interest in Analog Devices

Other institutional investors have also been active with their investments in Analog Devices. For instance, Charles Schwab Investment Management Inc. raised its stake by 1.5% during the third quarter. They now control 2,708,427 shares valued at around $623.4 million after buying an additional 39,186 shares. Similarly, Swiss National Bank increased its position by 0.3%, owning 1,472,875 shares worth $339 million after adding 4,600 shares. Harvest Fund Management Co. Ltd saw a substantial boost, increasing its holdings by 47.7% to own 22,870 shares valued at $5.26 million. Additionally, Summit Global Investments and Versor Investments LP both established new stakes in the company, worth $867,000 and approximately $952,000 respectively. Currently, institutional investors hold 86.81% of Analog Devices' stock.

Wall Street Analysts' Projections

Several analysts have provided insights on Analog Devices stock recently. Wells Fargo & Company initiated coverage with an 'equal weight' rating and a target price of $220.00. Meanwhile, Morgan Stanley has adjusted its price target down from $252.00 to $248.00 while maintaining an 'overweight' rating. Truist Financial raised its target price from $216.00 to $230.00, giving a 'hold' rating. Cantor Fitzgerald reasserted a 'neutral' rating with a $250.00 price target, and TD Cowen lowered their target from $270.00 to $260.00 while keeping a 'buy' rating. Overall, 15 analysts recommend buying while seven suggest holding, giving Analog Devices an average rating of 'Moderate Buy' and a consensus price target of $247.57.

Insider Sales Data

In recent insider transactions, CEO Vincent Roche sold 10,000 shares of Analog Devices on November 1st for an average price of $223.87, totaling $2.24 million. Post-sale, Roche's ownership fell to 21,983 shares, worth about $4.92 million. Similarly, EVP Gregory M. Bryant sold 20,000 shares on the same day, also at $223.87, bringing the total sale close to $4.48 million. After this transaction, Bryant holds 59,093 shares valued at around $13.23 million. Over the past three months, insiders have sold 50,000 shares totaling about $11.03 million, with corporate insiders owning approximately 0.31% of the stock.

Analog Devices Stock Overview

The stock opened at $215.02 recently and has fluctuated between a one-year low of $182.57 and a high of $244.14. Analog Devices sports a market capitalization of $106.71 billion. The company reported earnings of $1.67 per share for the last quarter, surpassing the consensus estimate of $1.64. Quarterly revenue stood at $2.44 billion, slightly exceeding the anticipation of $2.41 billion. Despite a year-over-year revenue decline of 10.1%, earnings per share for the current fiscal year are projected to be 7.09.

Dividend Declaration

Analog Devices has recently declared a quarterly dividend amounting to $0.92 per share, paid out on December 20th. Shareholders of record were noted as of December 9th, with an annualized dividend yield of 1.71%, resulting in an estimated total payout of $3.68. The company's dividend payout ratio currently stands at 111.85%.

Company Profile

Analog Devices, Inc. specializes in designing, manufacturing, and marketing integrated circuits (ICs), software, and subsystems. With a global presence, the company offers data converters that transform various analog signals into digital data, along with power management products utilized in several applications, including automotive, communications, and industrial sectors.

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