KEYWISE CAPITAL MANAGEMENT HK Ltd Takes Position in Analog Devices, Inc. $ADI

KEYWISE CAPITAL MANAGEMENT HK Ltd acquired a new position in shares of Analog Devices, Inc. (NASDAQ:ADI) during the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 2,380 shares of the semiconductor company’s stock, valued at approximately $585,000. Analog Devices makes up about 0.0% of KEYWISE CAPITAL MANAGEMENT HK Ltd’s holdings, making the stock its 17th largest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ADI. Norges Bank purchased a new stake in shares of Analog Devices during the 2nd quarter worth approximately $1,803,377,000. Amundi increased its stake in Analog Devices by 44.8% in the 3rd quarter. Amundi now owns 6,215,129 shares of the semiconductor company’s stock valued at $1,507,740,000 after purchasing an additional 1,922,302 shares in the last quarter. Raymond James Financial Inc. increased its stake in Analog Devices by 29.2% in the 3rd quarter. Raymond James Financial Inc. now owns 4,829,931 shares of the semiconductor company’s stock valued at $1,186,714,000 after purchasing an additional 1,091,004 shares in the last quarter. Marshall Wace LLP raised its holdings in Analog Devices by 948.2% during the second quarter. Marshall Wace LLP now owns 1,085,990 shares of the semiconductor company’s stock worth $258,487,000 after purchasing an additional 982,385 shares during the last quarter. Finally, DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main boosted its position in Analog Devices by 47.4% during the second quarter. DZ BANK AG Deutsche Zentral Genossenschafts Bank Frankfurt am Main now owns 2,745,985 shares of the semiconductor company’s stock worth $653,599,000 after purchasing an additional 882,909 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. TD Cowen reissued a “buy” rating on shares of Analog Devices in a report on Thursday, February 19th. Bank of America boosted their price objective on shares of Analog Devices from $320.00 to $350.00 and gave the stock a “buy” rating in a research report on Wednesday, January 21st. Benchmark increased their price objective on shares of Analog Devices from $285.00 to $400.00 and gave the company a “buy” rating in a research note on Thursday, February 19th. The Goldman Sachs Group raised their target price on shares of Analog Devices from $300.00 to $370.00 and gave the company a “buy” rating in a report on Wednesday, February 18th. Finally, Susquehanna upped their price target on shares of Analog Devices from $360.00 to $400.00 and gave the company a “positive” rating in a report on Thursday, February 19th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $366.96.

Analog Devices Stock Down 0.4%

ADI opened at $306.07 on Monday. The firm has a market cap of $149.42 billion, a P/E ratio of 55.95, a PEG ratio of 1.41 and a beta of 1.00. The business’s fifty day simple moving average is $320.42 and its 200 day simple moving average is $275.50. Analog Devices, Inc. has a 52 week low of $158.65 and a 52 week high of $363.20. The company has a quick ratio of 1.35, a current ratio of 1.76 and a debt-to-equity ratio of 0.21.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, February 18th. The semiconductor company reported $2.46 earnings per share for the quarter, beating the consensus estimate of $2.31 by $0.15. Analog Devices had a net margin of 23.02% and a return on equity of 12.49%. The firm had revenue of $3.16 billion during the quarter, compared to the consensus estimate of $3.10 billion. During the same quarter in the previous year, the company posted $1.63 EPS. The firm’s revenue for the quarter was up 30.4% on a year-over-year basis. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. As a group, equities research analysts anticipate that Analog Devices, Inc. will post 7.14 EPS for the current fiscal year.

Analog Devices Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Tuesday, March 17th. Investors of record on Tuesday, March 3rd will be paid a dividend of $1.10 per share. The ex-dividend date of this dividend is Tuesday, March 3rd. This is a positive change from Analog Devices’s previous quarterly dividend of $0.99. This represents a $4.40 annualized dividend and a dividend yield of 1.4%. Analog Devices’s payout ratio is currently 80.44%.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, Director Ray Stata sold 3,125 shares of the business’s stock in a transaction on Tuesday, December 16th. The stock was sold at an average price of $279.39, for a total value of $873,093.75. Following the completion of the transaction, the director directly owned 136,321 shares in the company, valued at approximately $38,086,724.19. The trade was a 2.24% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Friday, January 2nd. The stock was sold at an average price of $275.07, for a total value of $2,750,700.00. Following the transaction, the chief executive officer directly owned 155,688 shares in the company, valued at approximately $42,825,098.16. This represents a 6.04% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders have sold 49,574 shares of company stock valued at $14,565,113. 0.36% of the stock is owned by corporate insiders.

About Analog Devices

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.