Analog Devices (NASDAQ:ADI) Given New $440.00 Price Target at Needham & Company LLC

Analog Devices (NASDAQ:ADI) had its target price upped by investment analysts at Needham & Company LLC from $400.00 to $440.00 in a report issued on Thursday,Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. Needham & Company LLC’s price objective indicates a potential upside of 10.54% from the company’s current price.

ADI has been the topic of a number of other research reports. The Goldman Sachs Group reiterated a “buy” rating and set a $450.00 target price on shares of Analog Devices in a research report on Wednesday. Truist Financial set a $405.00 price objective on shares of Analog Devices in a research report on Wednesday. Susquehanna increased their price objective on shares of Analog Devices from $360.00 to $400.00 and gave the stock a “positive” rating in a research report on Thursday, February 19th. Citigroup reiterated a “buy” rating on shares of Analog Devices in a report on Thursday. Finally, Wolfe Research reiterated an “outperform” rating on shares of Analog Devices in a report on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-five have issued a Buy rating and four have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Analog Devices has an average rating of “Moderate Buy” and a consensus price target of $397.08.

Analog Devices Stock Performance

NASDAQ ADI opened at $398.05 on Thursday. The firm’s fifty day moving average price is $358.76 and its two-hundred day moving average price is $314.16. The stock has a market cap of $194.33 billion, a PE ratio of 72.77, a PEG ratio of 1.67 and a beta of 1.19. Analog Devices has a fifty-two week low of $206.00 and a fifty-two week high of $435.72. The company has a debt-to-equity ratio of 0.21, a quick ratio of 1.35 and a current ratio of 1.76.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share for the quarter, topping the consensus estimate of $2.89 by $0.20. Analog Devices had a net margin of 23.02% and a return on equity of 12.49%. The company had revenue of $3.62 billion for the quarter, compared to analysts’ expectations of $3.51 billion. During the same quarter in the previous year, the firm posted $1.85 earnings per share. Analog Devices’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 analysts expect that Analog Devices will post 11.35 EPS for the current fiscal year.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction on Friday, May 1st. The shares were sold at an average price of $397.91, for a total value of $3,979,100.00. Following the completion of the transaction, the chief executive officer directly owned 187,538 shares of the company’s stock, valued at $74,623,245.58. This trade represents a 5.06% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Michael Sondel sold 4,199 shares of Analog Devices stock in a transaction on Wednesday, February 25th. The stock was sold at an average price of $361.02, for a total transaction of $1,515,922.98. Following the sale, the chief accounting officer directly owned 14,740 shares of the company’s stock, valued at $5,321,434.80. This represents a 22.17% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 24,199 shares of company stock valued at $8,676,423. Insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On Analog Devices

A number of large investors have recently added to or reduced their stakes in the business. Banque Transatlantique SA purchased a new position in shares of Analog Devices in the fourth quarter valued at about $25,000. Hilton Head Capital Partners LLC purchased a new position in shares of Analog Devices during the fourth quarter valued at about $26,000. Gordian Capital Singapore Pte Ltd purchased a new position in shares of Analog Devices during the fourth quarter valued at about $27,000. Evolution Wealth Management Inc. purchased a new position in shares of Analog Devices during the first quarter valued at about $30,000. Finally, Y.D. More Investments Ltd purchased a new position in shares of Analog Devices during the third quarter valued at about $32,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Analog Devices News Summary

Here are the key news stories impacting Analog Devices this week:

• Positive Sentiment: Analog Devices posted record fiscal Q2 results, with EPS of $3.09 beating estimates and revenue of $3.62 billion topping forecasts, showing broad-based year-over-year growth. Analog Devices Reports Record Fiscal Second Quarter 2026 Financial Results
• Positive Sentiment: The company also issued Q3 guidance above Wall Street estimates, signaling continued momentum in demand for its power-management chips and sensors amid the AI boom. Chipmaker Analog Devices forecasts third-quarter revenue above estimates amid AI boom
• Positive Sentiment: ADI said it will buy Empower Semiconductor for $1.5 billion in cash, expanding its AI data-center power portfolio and targeting a key bottleneck in next-generation AI infrastructure. Analog Devices to buy Empower Semiconductor for $1.5 billion to boost AI power portfolio
• Neutral Sentiment: Analysts responded positively, with Needham raising its target to $440 and reiterating a bullish stance, suggesting the earnings beat and AI strategy may support the long-term outlook. Analog Devices Wins Higher $440 Target on Strong Beat, Upgraded Outlook, and Empower Semiconductor AI Deal
• Negative Sentiment: Despite the strong numbers, the stock is getting hit by a likely sell-the-news reaction after a large year-to-date advance, and some investors may be weighing integration risk and the cash outlay from the Empower deal. Why is Analog Devices stock falling despite strong earnings and AI deal?

About Analog Devices

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.