Analog Devices, Inc. (NASDAQ:ADI) Receives Average Recommendation of “Moderate Buy” from Brokerages

Analog Devices, Inc. (NASDAQ:ADI) has received a consensus rating of “Moderate Buy” from the twenty-nine analysts that are presently covering the stock, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation, twenty-four have issued a buy recommendation and two have assigned a strong buy recommendation to the company. The average 12 month price objective among analysts that have covered the stock in the last year is $432.7143.

Several research firms recently weighed in on ADI. TD Cowen boosted their target price on Analog Devices from $400.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Wells Fargo & Company boosted their target price on Analog Devices from $470.00 to $515.00 and gave the stock an “overweight” rating in a research note on Thursday, May 21st. Sanford C. Bernstein restated a “market perform” rating and set a $430.00 target price on shares of Analog Devices in a research note on Thursday, May 21st. Oppenheimer boosted their target price on Analog Devices from $400.00 to $450.00 and gave the stock an “outperform” rating in a research note on Tuesday, May 12th. Finally, Raymond James Financial restated an “outperform” rating and set a $430.00 target price on shares of Analog Devices in a research note on Thursday, May 21st.

Analog Devices Stock Performance

Shares of Analog Devices stock opened at $407.26 on Wednesday. Analog Devices has a one year low of $218.37 and a one year high of $445.91. The company has a market cap of $198.37 billion, a PE ratio of 60.51, a P/E/G ratio of 1.25 and a beta of 1.18. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.34 and a current ratio of 1.75. The business has a 50-day simple moving average of $404.57 and a 200-day simple moving average of $343.31.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, May 20th. The semiconductor company reported $3.09 EPS for the quarter, topping analysts’ consensus estimates of $2.89 by $0.20. Analog Devices had a return on equity of 14.37% and a net margin of 26.01%.The business had revenue of $3.62 billion during the quarter, compared to the consensus estimate of $3.51 billion. During the same period in the previous year, the company posted $1.85 earnings per share. The business’s revenue for the quarter was up 37.2% on a year-over-year basis. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. On average, equities research analysts forecast that Analog Devices will post 12.41 EPS for the current fiscal year.

Analog Devices Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Investors of record on Tuesday, June 2nd were paid a dividend of $1.10 per share. The ex-dividend date was Tuesday, June 2nd. This represents a $4.40 annualized dividend and a yield of 1.1%. Analog Devices’s payout ratio is presently 65.38%.

Insiders Place Their Bets

In related news, CEO Vincent Roche sold 30,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $415.13, for a total transaction of $12,453,900.00. Following the completion of the sale, the chief executive officer owned 137,538 shares in the company, valued at $57,096,149.94. The trade was a 17.91% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP Martin Cotter sold 17,594 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The stock was sold at an average price of $418.00, for a total value of $7,354,292.00. Following the sale, the senior vice president owned 56,332 shares of the company’s stock, valued at approximately $23,546,776. The trade was a 23.80% decrease in their position. The SEC filing for this sale provides additional information. Insiders have sold 101,442 shares of company stock worth $40,422,954 in the last three months. 0.36% of the stock is owned by company insiders.

Institutional Investors Weigh In On Analog Devices

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. ING Groep NV lifted its position in Analog Devices by 45.1% during the fourth quarter. ING Groep NV now owns 222,559 shares of the semiconductor company’s stock worth $60,358,000 after buying an additional 69,202 shares during the period. Nordea Investment Management AB raised its holdings in shares of Analog Devices by 247.3% in the 4th quarter. Nordea Investment Management AB now owns 350,692 shares of the semiconductor company’s stock worth $95,802,000 after purchasing an additional 249,702 shares during the period. Covenant Asset Management LLC purchased a new position in shares of Analog Devices in the 4th quarter worth about $2,500,000. HF Advisory Group LLC raised its holdings in shares of Analog Devices by 661.6% in the 4th quarter. HF Advisory Group LLC now owns 49,693 shares of the semiconductor company’s stock worth $13,477,000 after purchasing an additional 43,168 shares during the period. Finally, Jones Kertz & Associates Inc. purchased a new position in shares of Analog Devices in the 4th quarter worth about $1,480,000. 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.