Roth Capital Begins Coverage on Analog Devices (NASDAQ:ADI)

Equities research analysts at Roth Capital began coverage on shares of Analog Devices (NASDAQ:ADI) in a research report issued to clients and investors on Friday, Briefing.com reports. The brokerage set a “buy” rating and a $505.00 price target on the semiconductor company’s stock. Roth Capital‘s target price would suggest a potential upside of 23.38% from the company’s current price.

A number of other equities research analysts also recently commented on ADI. Wall Street Zen downgraded Analog Devices from a “buy” rating to a “hold” rating in a research report on Saturday, November 7th. Arete Research increased their target price on Analog Devices from $487.00 to $490.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Wells Fargo & Company decreased their price target on Analog Devices from $515.00 to $500.00 and set an “overweight” rating on the stock in a research note on Thursday, August 20th. Robert W. Baird raised their price target on Analog Devices from $450.00 to $675.00 and gave the stock an “outperform” rating in a research note on Monday, August 24th. Finally, The Goldman Sachs Group restated a “buy” rating and issued a $480.00 price target (up from $450.00) on shares of Analog Devices in a report on Wednesday, August 19th. Thirty analysts have rated the stock with a Buy rating and four have given a Hold rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $461.85.

Analog Devices Stock Up 0.1%

ADI stock opened at $409.29 on Friday. The stock has a market capitalization of $198.33 billion, a P/E ratio of 48.55, a PEG ratio of 0.99 and a beta of 1.24. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25. Analog Devices has a one year low of $224.25 and a one year high of $445.91. The company has a 50 day moving average price of $393.97 and a two-hundred day moving average price of $375.40.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, topping analysts’ consensus estimates of $3.34 by $0.11. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the prior year, the company posted $2.05 EPS. The business’s revenue for the quarter was up 39.2% compared to the same quarter last year. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, sell-side analysts expect that Analog Devices will post 12.88 EPS for the current year.

Insider Activity at Analog Devices

In other news, insider Katsufumi Nakamura sold 1,200 shares of the business’s stock in a transaction on Friday, October 2nd. The shares were sold at an average price of $415.02, for a total transaction of $498,024.00. Following the completion of the sale, the insider directly owned 14,849 shares of the company’s stock, valued at $6,162,631.98. The trade was a 7.48% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Ray Stata sold 1,416 shares of the company’s stock in a transaction on Wednesday, November 4th. The stock was sold at an average price of $407.28, for a total value of $576,708.48. Following the sale, the director owned 104,599 shares of the company’s stock, valued at approximately $42,601,080.72. The trade was a 1.34% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last three months, insiders sold 52,436 shares of company stock worth $20,681,906. 0.36% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Analog Devices

A number of institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. acquired a new position in shares of Analog Devices in the 2nd quarter valued at about $18,610,868,000. Bank of America Corp DE acquired a new stake in Analog Devices during the 2nd quarter worth approximately $3,573,081,000. Legal & General Group Plc acquired a new stake in Analog Devices during the 2nd quarter worth approximately $1,525,167,000. Bank of New York Mellon Corp acquired a new stake in Analog Devices during the 2nd quarter worth approximately $1,326,066,000. Finally, Primecap Management Co. CA purchased a new position in Analog Devices in the second quarter valued at approximately $1,242,479,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analog Devices Company Profile

Analog Devices, Inc. designs and manufactures semiconductor products that help customers sense, measure, interpret and process real-world signals. Its offerings include analog and mixed-signal integrated circuits, power management products, radio-frequency technology, sensors and digital signal processing solutions. The company’s products are used in industrial automation, automotive systems, communications infrastructure, healthcare equipment, consumer devices and aerospace and defense applications.