Analog Devices (NASDAQ:ADI – Get Free Report) had its price objective raised by equities research analysts at TD Cowen from $450.00 to $460.00 in a research note issued on Monday,Benzinga reports. The firm presently has a “buy” rating on the semiconductor company’s stock. TD Cowen’s price objective points to a potential upside of 19.56% from the stock’s previous close.
Several other equities research analysts have also weighed in on the company. JPMorgan Chase & Co. raised their price objective on Analog Devices from $400.00 to $450.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Bank of America upped their target price on Analog Devices from $425.00 to $460.00 and gave the company a “buy” rating in a report on Thursday, May 21st. The Goldman Sachs Group reiterated a “buy” rating and issued a $450.00 price target on shares of Analog Devices in a research report on Wednesday, May 20th. Sanford C. Bernstein restated a “market perform” rating and set a $430.00 price objective on shares of Analog Devices in a report on Thursday, May 21st. Finally, Raymond James Financial reaffirmed an “outperform” rating and set a $430.00 price objective on shares of Analog Devices in a research note on Thursday, May 21st. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, Analog Devices presently has an average rating of “Moderate Buy” and a consensus target price of $440.14.
Read Our Latest Analysis on Analog Devices
Analog Devices Price Performance
Analog Devices (NASDAQ:ADI – Get Free Report) last issued its earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share for the quarter, topping analysts’ consensus estimates of $2.89 by $0.20. The firm had revenue of $3.62 billion during the quarter, compared to analysts’ expectations of $3.51 billion. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The firm’s revenue for the quarter was up 37.2% compared to the same quarter last year. During the same period last year, the firm posted $1.85 earnings per share. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. On average, analysts forecast that Analog Devices will post 12.41 EPS for the current fiscal year.
Insiders Place Their Bets
In other Analog Devices news, SVP Martin Cotter sold 17,594 shares of the firm’s stock in a transaction dated Tuesday, June 2nd. The stock was sold at an average price of $418.00, for a total transaction of $7,354,292.00. Following the completion of the sale, the senior vice president directly owned 56,332 shares in the company, valued at approximately $23,546,776. This trade represents a 23.80% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Vincent Roche sold 30,000 shares of Analog Devices stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $415.13, for a total value of $12,453,900.00. Following the transaction, the chief executive officer directly owned 137,538 shares in the company, valued at approximately $57,096,149.94. This trade represents a 17.91% decrease in their position. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 102,858 shares of company stock worth $41,672,900. 0.36% of the stock is owned by corporate insiders.
Institutional Trading of Analog Devices
Several institutional investors have recently made changes to their positions in ADI. Contravisory Investment Management Inc. acquired a new position in Analog Devices in the 2nd quarter valued at approximately $25,000. Banque Transatlantique SA purchased a new stake in Analog Devices in the 4th quarter worth approximately $25,000. Evolution Wealth Management Inc. acquired a new stake in shares of Analog Devices during the 1st quarter valued at $30,000. Hilton Head Capital Partners LLC purchased a new position in shares of Analog Devices during the 4th quarter valued at $26,000. Finally, Gordian Capital Singapore Pte Ltd purchased a new position in shares of Analog Devices during the 4th quarter valued at $27,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.
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.
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