Analog Devices (NASDAQ:ADI) Downgraded by Wall Street Zen to Hold

Wall Street Zen cut shares of Analog Devices (NASDAQ:ADI) from a buy rating to a hold rating in a research report sent to investors on Saturday morning,Wall Street Zen reports.

A number of other research firms also recently weighed in on ADI. JPMorgan Chase & Co. lifted their target price on Analog Devices from $450.00 to $500.00 and gave the stock an “overweight” rating in a research report on Thursday, August 20th. Robert W. Baird upped their price target on Analog Devices from $450.00 to $675.00 and gave the company an “outperform” rating in a report on Monday, August 24th. Evercore reduced 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. Arete Research lifted their price objective on Analog Devices from $487.00 to $490.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. Finally, Piper Sandler set a $460.00 price objective on Analog Devices in a report on Tuesday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have given a Hold rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $460.55.

Analog Devices Stock Performance

NASDAQ ADI opened at $363.56 on Friday. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 0.91. The firm has a market capitalization of $176.17 billion, a price-to-earnings ratio of 43.13, a P/E/G ratio of 0.88 and a beta of 1.24. The company’s fifty day moving average is $390.52 and its two-hundred day moving average is $373.48. Analog Devices has a 52-week low of $223.47 and a 52-week high of $445.91.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data 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 company had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.92 billion. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The business’s revenue was up 39.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Equities research analysts forecast that Analog Devices will post 13.00 EPS for the current year.

Analog Devices Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a dividend of $1.10 per share. The ex-dividend date was Tuesday, September 1st. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. Analog Devices’s dividend payout ratio (DPR) is 52.19%.

Insider Activity at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the business’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 transaction, the chief executive officer directly owned 115,460 shares in the company, valued at $45,830,692.40. The trade was a 7.97% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard Puccio, Jr. sold 2,683 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief financial officer owned 54,177 shares in the company, valued at approximately $20,292,537.12. This trade represents a 4.72% 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. Insiders sold 52,436 shares of company stock valued at $20,681,906 in the last ninety days. Insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On Analog Devices

Institutional investors have recently bought and sold shares of the business. IPG Investment Advisors LLC bought a new stake in shares of Analog Devices during the second quarter worth approximately $1,922,000. Lazard Asset Management LLC boosted its stake in Analog Devices by 6.3% in the first quarter. Lazard Asset Management LLC now owns 1,708,858 shares of the semiconductor company’s stock valued at $543,656,000 after acquiring an additional 101,298 shares during the last quarter. Birch Hill Investment Advisors LLC boosted its stake in Analog Devices by 18.5% in the third quarter. Birch Hill Investment Advisors LLC now owns 133,793 shares of the semiconductor company’s stock valued at $53,077,000 after acquiring an additional 20,889 shares during the last quarter. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Analog Devices during the 2nd quarter worth $500,414,000. Finally, Ieq Capital LLC acquired a new stake in Analog Devices during the 2nd quarter worth $19,643,000. Institutional investors own 86.81% of the company’s stock.

About Analog Devices

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.