TD Cowen Reaffirms Buy Rating for Analog Devices (NASDAQ:ADI)

Analog Devices (NASDAQ:ADI)‘s stock had its “buy” rating reiterated by analysts at TD Cowen in a report released on Tuesday, Benzinga reports. They presently have a $460.00 price target on the semiconductor company’s stock. TD Cowen’s price objective would suggest a potential upside of 26.84% from the company’s previous close.

ADI has been the subject of a number of other reports. Cantor Fitzgerald restated an “overweight” rating on shares of Analog Devices in a research report on Tuesday. KeyCorp upped their target price on shares of Analog Devices from $500.00 to $525.00 and gave the stock an “overweight” rating in a report on Tuesday, July 14th. Truist Financial raised their price target on shares of Analog Devices from $364.00 to $405.00 and gave the company a “hold” rating in a report on Wednesday, May 20th. Wolfe Research restated an “outperform” rating and set a $475.00 price target on shares of Analog Devices in a research report on Thursday, May 21st. Finally, Weiss Ratings upgraded shares of Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and two have assigned a Hold rating to the stock. According to MarketBeat.com, the stock currently has an average rating of “Buy” and a consensus price target of $454.63.

Analog Devices Stock Performance

Shares of NASDAQ:ADI traded up $0.42 during midday trading on Tuesday, reaching $362.67. 210,339 shares of the company traded hands, compared to its average volume of 4,154,404. The firm’s fifty day moving average price is $376.58 and its two-hundred day moving average price is $374.34. The firm has a market capitalization of $175.74 billion, a price-to-earnings ratio of 42.86, a price-to-earnings-growth ratio of 1.12 and a beta of 1.20. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. Analog Devices has a 12 month low of $223.47 and a 12 month high of $445.91.

Analog Devices (NASDAQ:ADI) last issued its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, topping the consensus estimate of $3.34 by $0.11. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%.The business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter last year, the company earned $2.05 EPS. The firm’s revenue 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. On average, equities analysts expect that Analog Devices will post 12.96 earnings per share for the current year.

Insider Activity at Analog Devices

In other news, Director Ray Stata sold 1,416 shares of the firm’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $377.37, for a total transaction of $534,355.92. Following the sale, the director owned 114,511 shares in the company, valued at approximately $43,213,016.07. This trade represents a 1.22% decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. 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 company’s stock in a transaction on 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 completion of the transaction, 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 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 39,931 shares of company stock valued at $14,903,950. Company insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Analog Devices

Large investors have recently added to or reduced their stakes in the company. Parkside Financial Bank & Trust lifted its position in Analog Devices by 1.5% in the 2nd quarter. Parkside Financial Bank & Trust now owns 2,577 shares of the semiconductor company’s stock worth $1,024,000 after buying an additional 38 shares during the last quarter. Range Advisory LLC raised its stake in shares of Analog Devices by 26.7% during the second quarter. Range Advisory LLC now owns 1,435 shares of the semiconductor company’s stock worth $570,000 after acquiring an additional 302 shares in the last quarter. Cornerstone Financial Management LLC lifted its holdings in shares of Analog Devices by 54.9% in the 2nd quarter. Cornerstone Financial Management LLC now owns 79 shares of the semiconductor company’s stock worth $31,000 after acquiring an additional 28 shares during the last quarter. Corient Private Wealth LP lifted its holdings in shares of Analog Devices by 34.0% in the 2nd quarter. Corient Private Wealth LP now owns 444,500 shares of the semiconductor company’s stock worth $176,542,000 after acquiring an additional 112,715 shares during the last quarter. Finally, Tucker Asset Management LLC boosted its stake in shares of Analog Devices by 8.8% in the 2nd quarter. Tucker Asset Management LLC now owns 1,067 shares of the semiconductor company’s stock valued at $424,000 after purchasing an additional 86 shares in the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.

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.