FengHe Fund Management Pte. Ltd. Sells 143,700 Shares of Analog Devices, Inc. $ADI

FengHe Fund Management Pte. Ltd. trimmed its position in Analog Devices, Inc. (NASDAQ:ADI) by 71.2% during the 4th quarter, HoldingsChannel reports. The firm owned 58,200 shares of the semiconductor company’s stock after selling 143,700 shares during the quarter. Analog Devices accounts for about 0.9% of FengHe Fund Management Pte. Ltd.’s investment portfolio, making the stock its 26th largest holding. FengHe Fund Management Pte. Ltd.’s holdings in Analog Devices were worth $15,784,000 at the end of the most recent quarter.

Several other large investors have also recently made changes to their positions in the company. Jones Financial Companies Lllp grew its position in Analog Devices by 12.9% in the third quarter. Jones Financial Companies Lllp now owns 169,572 shares of the semiconductor company’s stock worth $41,907,000 after acquiring an additional 19,383 shares in the last quarter. SG Americas Securities LLC grew its position in Analog Devices by 684.6% in the third quarter. SG Americas Securities LLC now owns 862,314 shares of the semiconductor company’s stock worth $211,871,000 after acquiring an additional 752,411 shares in the last quarter. Nordea Investment Management AB grew its position in Analog Devices by 247.3% in the fourth quarter. Nordea Investment Management AB now owns 350,692 shares of the semiconductor company’s stock worth $95,802,000 after acquiring an additional 249,702 shares in the last quarter. AE Wealth Management LLC grew its position in Analog Devices by 26.4% in the third quarter. AE Wealth Management LLC now owns 43,932 shares of the semiconductor company’s stock worth $10,795,000 after acquiring an additional 9,174 shares in the last quarter. Finally, Ashton Thomas Private Wealth LLC grew its position in Analog Devices by 18.8% in the third quarter. Ashton Thomas Private Wealth LLC now owns 20,734 shares of the semiconductor company’s stock worth $5,094,000 after acquiring an additional 3,286 shares in the last quarter. 86.81% of the stock is owned by institutional investors.

Analog Devices Stock Down 1.7%

Shares of NASDAQ ADI opened at $392.59 on Tuesday. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.35 and a current ratio of 1.76. The firm has a market capitalization of $191.66 billion, a price-to-earnings ratio of 71.77, a PEG ratio of 1.60 and a beta of 1.05. The stock has a 50 day moving average price of $338.64 and a 200 day moving average price of $295.94. Analog Devices, Inc. has a 52-week low of $186.73 and a 52-week high of $408.37.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Wednesday, February 18th. The semiconductor company reported $2.46 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $2.31 by $0.15. The firm had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.10 billion. Analog Devices had a return on equity of 12.49% and a net margin of 23.02%.Analog Devices’s quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.63 earnings per share. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. Sell-side analysts expect that Analog Devices, Inc. will post 11.38 earnings per share for the current year.

Analog Devices Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Tuesday, March 3rd were issued a $1.10 dividend. The ex-dividend date was Tuesday, March 3rd. This is a positive change from Analog Devices’s previous quarterly dividend of $0.99. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. Analog Devices’s dividend payout ratio (DPR) is presently 80.44%.

Analysts Set New Price Targets

Several brokerages have issued reports on ADI. Bank of America boosted their target price on Analog Devices from $400.00 to $425.00 and gave the company a “buy” rating in a research report on Monday, April 13th. KeyCorp boosted their target price on Analog Devices from $375.00 to $430.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Needham & Company LLC upgraded Analog Devices from a “hold” rating to a “buy” rating and set a $400.00 target price for the company in a research report on Thursday, February 19th. Wells Fargo & Company boosted their target price on Analog Devices from $340.00 to $400.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Finally, The Goldman Sachs Group boosted their target price on Analog Devices from $300.00 to $370.00 and gave the company a “buy” rating in a research report on Wednesday, February 18th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and four have given a Hold rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $370.69.

Insider Activity at Analog Devices

In related news, CAO Michael Sondel sold 4,199 shares of the business’s stock in a transaction that occurred on Wednesday, February 25th. The stock was sold at an average price of $361.02, for a total value of $1,515,922.98. Following the completion of the sale, the chief accounting officer owned 14,740 shares in the company, valued at approximately $5,321,434.80. The trade was a 22.17% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Ray Stata sold 3,125 shares of the business’s stock in a transaction that occurred on Wednesday, February 4th. The shares were sold at an average price of $317.30, for a total value of $991,562.50. Following the completion of the sale, the director owned 123,821 shares of the company’s stock, valued at $39,288,403.30. The trade was a 2.46% decrease in their position. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders sold 27,324 shares of company stock worth $8,758,085. Company insiders own 0.36% of the company’s stock.

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.