Analog Devices, Inc. (NASDAQ:ADI) Stock Now Rated “Moderate Buy” by Sell-Side Analysts

Shares of Analog Devices, Inc. (NASDAQ:ADI) have been given a consensus recommendation of “Moderate Buy” by the thirty-three research firms that are currently covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation, twenty-nine have issued a buy recommendation and one has given a strong buy recommendation to the company. The average 1-year target price among brokerages that have covered the stock in the last year is $460.09.

A number of equities analysts have recently issued reports on ADI shares. Piper Sandler set a $460.00 target price on Analog Devices in a report on Tuesday, September 8th. TD Cowen restated a “buy” rating and set a $460.00 target price (up from $450.00) on shares of Analog Devices in a research report on Tuesday, September 8th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $480.00 price target (up from $450.00) on shares of Analog Devices in a research note on Wednesday, August 19th. Morgan Stanley boosted their price target on Analog Devices from $428.00 to $458.00 and gave the company an “overweight” rating in a research note on Thursday, August 20th. Finally, BMO Capital Markets initiated coverage on Analog Devices in a research report on Thursday, August 20th. They issued an “outperform” rating and a $430.00 price target on the stock.

Analog Devices Stock Performance

NASDAQ:ADI opened at $394.35 on Tuesday. Analog Devices has a 12-month low of $223.47 and a 12-month high of $445.91. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. The firm has a market capitalization of $191.09 billion, a PE ratio of 46.78, a price-to-earnings-growth ratio of 1.22 and a beta of 1.22. The firm has a 50-day moving average price of $382.96 and a 200 day moving average price of $387.64.

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

Analog Devices Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, September 1st. 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 52.19%.

Insider Buying and Selling at Analog Devices

In other news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $396.94, for a total value of $3,969,400.00. Following the sale, the chief executive officer owned 115,460 shares of the company’s stock, valued at approximately $45,830,692.40. This represents a 7.97% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard C. Puccio, Jr. sold 2,683 shares of the stock in a transaction dated Wednesday, August 26th. The stock was 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 $20,292,537.12. This trade represents a 4.72% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 50,936 shares of company stock valued at $19,430,764. 0.36% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Analog Devices

Several institutional investors have recently added to or reduced their stakes in the company. Retirement Planning Group LLC grew its position in shares of Analog Devices by 134.1% in the 3rd quarter. Retirement Planning Group LLC now owns 1,442 shares of the semiconductor company’s stock valued at $572,000 after purchasing an additional 826 shares during the period. Sterling Investment Counsel LLC raised its holdings in Analog Devices by 2.1% during the 3rd quarter. Sterling Investment Counsel LLC now owns 5,297 shares of the semiconductor company’s stock worth $2,101,000 after buying an additional 110 shares during the period. Jackson Square Capital LLC acquired a new stake in Analog Devices during the 3rd quarter worth approximately $3,002,000. Foguth Wealth Management LLC. acquired a new stake in Analog Devices during the 3rd quarter worth approximately $202,000. Finally, First Bank & Trust raised its holdings in Analog Devices by 8.1% during the 3rd quarter. First Bank & Trust now owns 2,097 shares of the semiconductor company’s stock worth $832,000 after buying an additional 158 shares during the period. 86.81% of the stock is owned by institutional investors.

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.