Analog Devices (NASDAQ:ADI) Stock Rating Upgraded by Wall Street Zen

Analog Devices (NASDAQ:ADI) was upgraded by analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a note issued to investors on Sunday, Wall Street Zen reports.

Other research analysts have also issued reports about the stock. Sanford C. Bernstein upgraded shares of Analog Devices from a “market perform” rating to an “outperform” rating and lifted their price objective for the company from $430.00 to $465.00 in a research note on Wednesday, August 19th. Morgan Stanley boosted their target price on shares of Analog Devices from $428.00 to $458.00 and gave the company an “overweight” rating in a report on Thursday, August 20th. Evercore dropped their target price on Analog Devices from $474.00 to $462.00 and set an “outperform” rating on the stock in a research report on Thursday, August 20th. Fundamental Research set a $550.00 price target on Analog Devices in a report on Monday, June 29th. Finally, 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 report on Monday, August 24th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have issued a Hold rating to the company’s stock. Based on data from MarketBeat, Analog Devices currently has an average rating of “Moderate Buy” and an average target price of $460.55.

Analog Devices Price Performance

Shares of NASDAQ:ADI opened at $407.93 on Friday. The firm has a market capitalization of $197.67 billion, a PE ratio of 34.73, a P/E/G ratio of 1.20 and a beta of 1.22. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. The company has a 50-day moving average price of $384.30 and a two-hundred day moving average price of $367.97. Analog Devices has a twelve month low of $223.47 and a twelve month high of $445.91.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.34 by $0.11. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.92 billion. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The company’s quarterly 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 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Equities analysts forecast that Analog Devices will post 13.00 EPS for the current year.

Insider Activity

In related news, CFO Richard Puccio, Jr. sold 2,683 shares of the business’s stock in a transaction that occurred on 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 of the company’s stock, valued at approximately $20,292,537.12. The trade was a 4.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vivek Jain sold 3,305 shares of the business’s stock in a transaction that occurred on Thursday, October 8th. The shares were sold at an average price of $406.58, for a total transaction of $1,343,746.90. Following the transaction, the insider directly owned 40,428 shares of the company’s stock, valued at approximately $16,437,216.24. This represents a 7.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 52,436 shares of company stock worth $20,014,954. 0.36% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently made changes to their positions in the company. SYM FINANCIAL Corp boosted its position in shares of Analog Devices by 27.1% during the 3rd quarter. SYM FINANCIAL Corp now owns 1,735 shares of the semiconductor company’s stock valued at $688,000 after acquiring an additional 370 shares during the last quarter. Oakworth Capital Inc. grew its holdings in shares of Analog Devices by 3.4% during the third quarter. Oakworth Capital Inc. now owns 3,264 shares of the semiconductor company’s stock worth $1,295,000 after purchasing an additional 106 shares in the last quarter. Oppenheimer & Co. Inc. increased its position in shares of Analog Devices by 0.6% in the third quarter. Oppenheimer & Co. Inc. now owns 36,161 shares of the semiconductor company’s stock worth $14,345,000 after purchasing an additional 231 shares during the last quarter. Center for Financial Planning Inc. increased its position in shares of Analog Devices by 25.2% in the third quarter. Center for Financial Planning Inc. now owns 2,620 shares of the semiconductor company’s stock worth $1,039,000 after purchasing an additional 527 shares during the last quarter. Finally, Flagship Harbor Advisors LLC raised its stake in Analog Devices by 6.9% in the third quarter. Flagship Harbor Advisors LLC now owns 4,654 shares of the semiconductor company’s stock valued at $1,846,000 after purchasing an additional 299 shares in the last quarter. Institutional investors own 86.81% of the company’s stock.

About Analog Devices

Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that designs and manufactures analog, mixed-signal and digital signal-processing technologies. Its products convert, condition and process real-world signals such as temperature, pressure, sound, motion, light and electrical power, helping electronic systems interpret and respond to physical environments.

The company offers a broad portfolio of integrated circuits, power-management products, amplifiers, data converters, sensors, radio-frequency and microwave components, connectivity solutions and embedded processors.