FengHe Fund Management Pte. Ltd. Invests $49.61 Million in Analog Devices, Inc. $ADI

FengHe Fund Management Pte. Ltd. bought a new stake in Analog Devices, Inc. (NASDAQ:ADI) during the third quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor bought 201,900 shares of the semiconductor company’s stock, valued at approximately $49,607,000. Analog Devices makes up 4.5% of FengHe Fund Management Pte. Ltd.’s investment portfolio, making the stock its 6th biggest position.

Several other large investors have also modified their holdings of ADI. Brighton Jones LLC grew its position in shares of Analog Devices by 39.5% in the 4th quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company’s stock worth $397,000 after acquiring an additional 529 shares in the last quarter. Integrity Alliance LLC. bought a new position in Analog Devices during the first quarter worth $325,000. Focus Partners Wealth boosted its holdings in Analog Devices by 46.3% in the first quarter. Focus Partners Wealth now owns 34,370 shares of the semiconductor company’s stock worth $6,932,000 after purchasing an additional 10,877 shares during the period. Geneos Wealth Management Inc. increased its stake in Analog Devices by 7.9% during the first quarter. Geneos Wealth Management Inc. now owns 3,805 shares of the semiconductor company’s stock valued at $767,000 after purchasing an additional 280 shares during the last quarter. Finally, Advisors Capital Management LLC raised its holdings in shares of Analog Devices by 1.6% during the first quarter. Advisors Capital Management LLC now owns 4,184 shares of the semiconductor company’s stock worth $844,000 after purchasing an additional 64 shares during the period. Institutional investors own 86.81% of the company’s stock.

Insider Activity at Analog Devices

In related news, CAO Michael Sondel sold 8,169 shares of the business’s stock in a transaction that occurred on Wednesday, December 10th. The stock was sold at an average price of $278.03, for a total transaction of $2,271,227.07. Following the sale, the chief accounting officer owned 18,913 shares of the company’s stock, valued at $5,258,381.39. The trade was a 30.16% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Katsufumi Nakamura sold 500 shares of the stock in a transaction on Wednesday, January 7th. The shares were sold at an average price of $289.17, for a total value of $144,585.00. Following the transaction, the senior vice president directly owned 13,210 shares of the company’s stock, valued at approximately $3,819,935.70. The trade was a 3.65% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Insiders sold 39,919 shares of company stock worth $10,464,462 in the last three months. Insiders own 0.33% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently commented on ADI. BNP Paribas Exane assumed coverage on shares of Analog Devices in a report on Tuesday, November 4th. They issued an “outperform” rating and a $300.00 price target for the company. Wall Street Zen downgraded Analog Devices from a “buy” rating to a “hold” rating in a research note on Saturday, December 27th. Wells Fargo & Company upped their target price on Analog Devices from $250.00 to $265.00 and gave the company an “equal weight” rating in a report on Tuesday, November 25th. Stifel Nicolaus set a $280.00 price target on Analog Devices in a report on Friday, November 21st. Finally, JPMorgan Chase & Co. upped their price objective on Analog Devices from $310.00 to $320.00 and gave the stock an “overweight” rating in a research note on Wednesday, November 26th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and seven have issued a Hold rating to the company. According to MarketBeat, Analog Devices presently has a consensus rating of “Moderate Buy” and a consensus target price of $287.22.

Analog Devices Stock Up 0.6%

ADI opened at $300.93 on Friday. The stock’s 50 day moving average price is $262.65 and its 200 day moving average price is $247.85. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.19 and a quick ratio of 1.68. The stock has a market cap of $147.35 billion, a P/E ratio of 65.99, a P/E/G ratio of 1.65 and a beta of 1.03. Analog Devices, Inc. has a 12 month low of $158.65 and a 12 month high of $303.20.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.04. The company had revenue of $3.08 billion during the quarter, compared to analysts’ expectations of $3.02 billion. Analog Devices had a return on equity of 11.23% and a net margin of 20.58%.The company’s revenue for the quarter was up 25.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.67 earnings per share. As a group, research analysts predict that Analog Devices, Inc. will post 7.14 earnings per share for the current year.

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Shareholders of record on Monday, December 8th were paid a dividend of $0.99 per share. The ex-dividend date of this dividend was Monday, December 8th. This represents a $3.96 annualized dividend and a yield of 1.3%. Analog Devices’s dividend payout ratio (DPR) is presently 86.84%.

Analog Devices Company 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.