Analog Devices, Inc. (NASDAQ:ADI – Get Free Report) has received an average rating of “Buy” from the thirty research firms that are presently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have given a strong buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $457.97.
ADI has been the subject of a number of research reports. Sanford C. Bernstein upgraded shares of Analog Devices from a “market perform” rating to an “outperform” rating and boosted their target price for the company from $430.00 to $465.00 in a research note on Wednesday, August 19th. 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 research note on Monday, August 24th. JPMorgan Chase & Co. upped their price objective on Analog Devices from $450.00 to $500.00 and gave the company an “overweight” rating in a research report on Thursday, August 20th. KeyCorp increased their target price on Analog Devices from $500.00 to $525.00 and gave the company an “overweight” rating in a report on Tuesday, July 14th. Finally, Seaport Research Partners upgraded Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 price target for the company in a research note on Thursday, August 20th.
Check Out Our Latest Stock Report on ADI
Analog Devices Price Performance
Analog Devices (NASDAQ:ADI – Get Free Report) last announced its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, topping analysts’ consensus estimates of $3.34 by $0.11. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The firm had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same period in the previous year, the business posted $2.05 earnings per share. The business’s revenue for the quarter was up 39.2% on a year-over-year basis. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, analysts expect that Analog Devices will post 12.96 earnings per share for the current year.
Analog Devices Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date was Tuesday, September 1st. Analog Devices’s payout ratio is 52.19%.
Insider Buying and Selling at Analog Devices
In other news, CFO Richard C. Puccio, Jr. sold 1,500 shares of the business’s stock in a transaction on Tuesday, September 22nd. The shares were sold at an average price of $382.19, for a total transaction of $573,285.00. Following the completion of the sale, the chief financial officer owned 51,177 shares of the company’s stock, valued at $19,559,337.63. The trade was a 2.85% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Karen Golz sold 1,000 shares of the firm’s stock in a transaction on Thursday, August 27th. The stock was sold at an average price of $374.50, for a total value of $374,500.00. Following the completion of the transaction, the director directly owned 10,019 shares in the company, valued at approximately $3,752,115.50. This represents a 9.08% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 41,931 shares of company stock valued at $15,560,832 in the last ninety days. Corporate insiders own 0.36% of the company’s stock.
Institutional Trading of Analog Devices
A number of hedge funds and other institutional investors have recently bought and sold shares of ADI. QRG Capital Management Inc. raised its stake in shares of Analog Devices by 12.3% in the second quarter. QRG Capital Management Inc. now owns 108,465 shares of the semiconductor company’s stock worth $43,079,000 after buying an additional 11,849 shares during the period. Envestnet Portfolio Solutions Inc. grew its stake in shares of Analog Devices by 5.7% during the 2nd quarter. Envestnet Portfolio Solutions Inc. now owns 57,006 shares of the semiconductor company’s stock valued at $22,641,000 after acquiring an additional 3,096 shares during the period. Wellington Altus USA Inc. increased its holdings in Analog Devices by 212.1% in the 2nd quarter. Wellington Altus USA Inc. now owns 1,002 shares of the semiconductor company’s stock worth $398,000 after acquiring an additional 681 shares in the last quarter. Bouchey Financial Group Ltd. purchased a new stake in Analog Devices in the 2nd quarter worth approximately $205,000. Finally, Sequoia Financial Advisors LLC raised its stake in Analog Devices by 5.1% during the 2nd quarter. Sequoia Financial Advisors LLC now owns 21,450 shares of the semiconductor company’s stock worth $8,519,000 after acquiring an additional 1,041 shares during the period. Hedge funds and other 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 high-performance analog, mixed-signal, power-management and radio-frequency integrated circuits. Its technologies help convert real-world signals—such as temperature, pressure, sound, motion and light—into data that electronic systems can process and use.
The company offers data converters, amplifiers, power-management products, sensors, embedded processors, connectivity solutions and other semiconductor components.
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