FengHe Fund Management Pte. Ltd. Reduces Stake in Analog Devices, Inc. $ADI

Key Points

• FengHe Fund cut its stake in Analog Devices by 71.2% in Q4 to 58,200 shares (about $15.78M), making ADI roughly 0.9% of the fund's portfolio and its 26th largest holding.
• Company insiders have sold 27,324 shares (~$8.76M) over the last three months, including CAO Michael Sondel and CEO Vincent Roche, leaving insiders with about 0.36% ownership.
• Analog Devices beat Q1 estimates (EPS $2.46 vs. $2.31) with revenue up 30.4% YoY to $3.16B, issued Q2 EPS guidance of $2.73–$3.03, and raised its quarterly dividend to $1.10 ($4.40 annualized).

FengHe Fund Management Pte. Ltd. reduced its position in Analog Devices, Inc. (NASDAQ:ADI - Free Report) by 71.2% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 58,200 shares of the semiconductor company's stock after selling 143,700 shares during the period. Analog Devices makes up about 0.9% of FengHe Fund Management Pte. Ltd.'s investment portfolio, making the stock its 26th biggest position. FengHe Fund Management Pte. Ltd.'s holdings in Analog Devices were worth $15,784,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Albion Financial Group UT boosted its stake in shares of Analog Devices by 41.4% in the 4th quarter. Albion Financial Group UT now owns 123 shares of the semiconductor company's stock worth $33,000 after buying an additional 36 shares during the last quarter. Barnes Dennig Private Wealth Management LLC lifted its position in Analog Devices by 61.3% during the fourth quarter. Barnes Dennig Private Wealth Management LLC now owns 129 shares of the semiconductor company's stock valued at $35,000 after purchasing an additional 49 shares in the last quarter. Y.D. More Investments Ltd purchased a new position in Analog Devices during the third quarter valued at $32,000. LFA Lugano Financial Advisors SA lifted its position in Analog Devices by 92.9% during the third quarter. LFA Lugano Financial Advisors SA now owns 135 shares of the semiconductor company's stock valued at $33,000 after purchasing an additional 65 shares in the last quarter. Finally, Ares Financial Consulting LLC purchased a new position in Analog Devices during the fourth quarter valued at $38,000. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Insider Transactions at Analog Devices

In other news, CAO Michael Sondel sold 4,199 shares of Analog Devices stock in a transaction dated 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 sale, the chief accounting officer directly owned 14,740 shares of the company's stock, 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 SEC, which can be accessed through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Wednesday, April 1st. The stock was sold at an average price of $318.14, for a total value of $3,181,400.00. Following the completion of the sale, the chief executive officer directly owned 167,826 shares in the company, valued at $53,392,163.64. This trade represents a 5.62% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 27,324 shares of company stock valued at $8,758,085. 0.36% of the stock is currently owned by insiders.

Analog Devices Price Performance

NASDAQ:ADI opened at $392.59 on Tuesday. The company has a quick ratio of 1.35, a current ratio of 1.76 and a debt-to-equity ratio of 0.21. The business's 50-day simple moving average is $338.64 and its two-hundred day simple moving average is $295.94. The stock has a market cap of $191.66 billion, a PE ratio of 71.77, a P/E/G ratio of 1.60 and a beta of 1.05. Analog Devices, Inc. has a 52 week low of $186.73 and a 52 week high of $408.37.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings results on Wednesday, February 18th. The semiconductor company reported $2.46 EPS for the quarter, beating analysts' consensus estimates of $2.31 by $0.15. Analog Devices had a return on equity of 12.49% and a net margin of 23.02%.The business had revenue of $3.16 billion for the quarter, compared to analysts' expectations of $3.10 billion. During the same period last year, the firm earned $1.63 earnings per share. The business's quarterly revenue 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, analysts forecast that Analog Devices, Inc. will post 11.38 EPS for the current fiscal year.

Analog Devices Increases Dividend

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

Wall Street Analyst Weigh In

ADI has been the topic of several analyst reports. Wall Street Zen upgraded Analog Devices from a "hold" rating to a "buy" rating in a research report on Saturday, January 17th. Bank of America lifted 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. Wells Fargo & Company lifted 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. Morgan Stanley reiterated an "overweight" rating and set a $373.00 target price on shares of Analog Devices in a research report on Thursday, February 19th. Finally, Cantor Fitzgerald lifted their target price on Analog Devices from $350.00 to $400.00 and gave the company an "overweight" rating in a research report on Tuesday, February 17th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and four have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and a consensus target price of $370.69.

Analog Devices 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.

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