Robert W. Baird Issues Positive Forecast for Analog Devices (NASDAQ:ADI) Stock Price

Analog Devices (NASDAQ:ADI) had its price target hoisted by research analysts at Robert W. Baird from $450.00 to $675.00 in a research note issued on Monday,Benzinga reports. The firm currently has an “outperform” rating on the semiconductor company’s stock. Robert W. Baird’s target price would indicate a potential upside of 80.92% from the stock’s previous close.

Several other equities analysts have also recently commented on ADI. Wells Fargo & Company dropped their target price on shares of Analog Devices from $515.00 to $500.00 and set an “overweight” rating for the company in a research report on Thursday. Bank of America lifted their price objective on shares of Analog Devices from $425.00 to $460.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Sanford C. Bernstein upgraded Analog Devices from a “market perform” rating to an “outperform” rating and upped their target price for the stock from $430.00 to $465.00 in a research note on Wednesday. Morgan Stanley raised their target price on Analog Devices from $428.00 to $458.00 and gave the company an “overweight” rating in a report on Thursday. Finally, KeyCorp lifted their price target on Analog Devices from $500.00 to $525.00 and gave the company an “overweight” rating in a research note on Tuesday, July 14th. Two analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat, the stock currently has an average rating of “Buy” and an average price target of $454.63.

Analog Devices Stock Performance

ADI opened at $373.09 on Monday. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25. Analog Devices has a 52-week low of $223.47 and a 52-week high of $445.91. The firm has a market cap of $180.79 billion, a P/E ratio of 44.26, a price-to-earnings-growth ratio of 0.76 and a beta of 1.20. The business’s fifty day moving average is $388.25 and its 200-day moving average is $371.50.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, beating analysts’ consensus estimates 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 in the previous year, the firm earned $2.05 earnings per share. Analog Devices’s revenue for the quarter 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. Sell-side analysts expect that Analog Devices will post 12.96 EPS for the current fiscal year.

Insider Activity at Analog Devices

In related news, Director Karen Golz sold 1,000 shares of the business’s stock in a transaction on Monday, July 13th. The stock was sold at an average price of $389.83, for a total transaction of $389,830.00. Following the sale, the director owned 11,019 shares in the company, valued at $4,295,536.77. The trade was a 8.32% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ray Stata sold 1,416 shares of the business’s stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $377.37, for a total value 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 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. In the last ninety days, insiders sold 75,274 shares of company stock worth $30,343,386. Corporate insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Analog Devices

Large investors have recently modified their holdings of the company. California State Teachers Retirement System raised its stake in shares of Analog Devices by 39,170.1% during the 2nd quarter. California State Teachers Retirement System now owns 296,317,813 shares of the semiconductor company’s stock worth $117,688,546,000 after purchasing an additional 295,563,249 shares during the period. BlackRock Inc. bought a new position in Analog Devices during the second quarter valued at about $18,610,868,000. Bank of America Corp DE bought a new position in Analog Devices during the second quarter valued at about $3,573,081,000. Norges Bank purchased a new stake in Analog Devices during the fourth quarter worth about $2,215,516,000. Finally, Legal & General Group Plc purchased a new stake in Analog Devices during the second quarter worth about $1,525,167,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.

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.