Analog Devices (NASDAQ:ADI) Stock Gets Downgrade from Wall Street Zen

Analog Devices (NASDAQ:ADI) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

A number of other brokerages also recently weighed in on ADI. TD Cowen reaffirmed a “buy” rating and issued a $460.00 target price (up from $450.00) on shares of Analog Devices in a report on Tuesday, September 8th. Fundamental Research set a $550.00 price target on Analog Devices in a research note on Monday, June 29th. Wells Fargo & Company lowered their price target on Analog Devices from $515.00 to $500.00 and set an “overweight” rating for the company in a report on Thursday, August 20th. Evercore dropped their price objective on Analog Devices from $474.00 to $462.00 and set an “outperform” rating for the company in a research report on Thursday, August 20th. Finally, Stifel Nicolaus upped their price objective on Analog Devices from $450.00 to $498.00 and gave the stock a “buy” rating in a research report on Wednesday, June 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $460.09.

Analog Devices Stock Performance

Shares of Analog Devices stock opened at $395.44 on Friday. The company has a 50 day moving average of $382.76 and a 200-day moving average of $387.11. Analog Devices has a 1-year low of $223.47 and a 1-year high of $445.91. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.20. The company has a market cap of $191.62 billion, a PE ratio of 46.91, a price-to-earnings-growth ratio of 1.22 and a beta of 1.22.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.34 by $0.11. The business had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.92 billion. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The firm’s revenue for the quarter was up 39.2% on a year-over-year basis. During the same quarter last year, the business posted $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, equities research analysts forecast that Analog Devices will post 12.99 earnings per share for the current fiscal year.

Insider Activity at Analog Devices

In other Analog Devices news, CFO Richard C. Puccio, Jr. sold 2,683 shares of the business’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $374.56, for a total transaction of $1,004,944.48. Following the sale, the chief financial officer owned 54,177 shares of the company’s stock, valued at approximately $20,292,537.12. The trade was a 4.72% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vivek Jain sold 3,305 shares of the company’s stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $406.58, for a total transaction of $1,343,746.90. Following the transaction, the insider owned 40,428 shares of the company’s stock, valued at $16,437,216.24. This trade represents a 7.56% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold a total of 50,936 shares of company stock valued at $19,430,764 in the last quarter. Insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Analog Devices

Several hedge funds have recently modified their holdings of the company. BlackRock Inc. bought a new position in Analog Devices during the 2nd quarter valued at $18,610,868,000. Bank of America Corp DE grew its stake in shares of Analog Devices by 5.2% in the 1st quarter. Bank of America Corp DE now owns 10,216,699 shares of the semiconductor company’s stock worth $3,250,341,000 after acquiring an additional 501,604 shares in the last quarter. Van ECK Associates Corp grew its stake in shares of Analog Devices by 24.7% in the 2nd quarter. Van ECK Associates Corp now owns 8,422,883 shares of the semiconductor company’s stock worth $3,345,316,000 after acquiring an additional 1,670,957 shares in the last quarter. Amundi grew its stake in shares of Analog Devices by 5.3% in the 1st quarter. Amundi now owns 5,044,271 shares of the semiconductor company’s stock worth $1,604,771,000 after acquiring an additional 254,632 shares in the last quarter. Finally, Legal & General Group Plc purchased a new stake in shares of Analog Devices in the second quarter valued at about $1,525,167,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

About Analog Devices

Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that designs and manufactures analog, mixed-signal and digital signal-processing technologies. Its products convert, condition and process real-world signals such as temperature, pressure, sound, motion, light and electrical power, helping electronic systems interpret and respond to physical environments.

The company offers a broad portfolio of integrated circuits, power-management products, amplifiers, data converters, sensors, radio-frequency and microwave components, connectivity solutions and embedded processors.