Analog Devices (NASDAQ:ADI) Rating Lowered to Hold at Zacks Research

Analog Devices (NASDAQ:ADI) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Monday,Zacks.com reports.

A number of other equities analysts also recently commented on the stock. Stifel Nicolaus boosted their target price on shares of Analog Devices from $248.00 to $270.00 and gave the stock a “buy” rating in a research note on Friday, July 18th. JPMorgan Chase & Co. increased their target price on shares of Analog Devices from $300.00 to $310.00 and gave the company an “overweight” rating in a research report on Thursday, August 21st. BNP Paribas Exane assumed coverage on Analog Devices in a report on Tuesday, November 4th. They set an “outperform” rating and a $300.00 price objective on the stock. Truist Financial upped their target price on Analog Devices from $219.00 to $249.00 and gave the company a “hold” rating in a research report on Thursday, August 21st. Finally, Needham & Company LLC restated a “hold” rating on shares of Analog Devices in a research note on Thursday, August 21st. Two investment analysts have rated the stock with a Strong Buy rating, nineteen have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $277.89.

Analog Devices Trading Up 0.6%

ADI opened at $233.41 on Monday. The business has a fifty day moving average price of $241.02 and a 200 day moving average price of $232.95. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.79. The stock has a market capitalization of $114.83 billion, a price-to-earnings ratio of 59.54, a PEG ratio of 1.98 and a beta of 1.09. Analog Devices has a 12 month low of $158.65 and a 12 month high of $258.13.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, August 20th. The semiconductor company reported $2.05 EPS for the quarter, topping analysts’ consensus estimates of $1.95 by $0.10. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.The business had revenue of $2.88 billion during the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the previous year, the company posted $1.58 earnings per share. The business’s revenue for the quarter was up 24.6% on a year-over-year basis. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Sell-side analysts expect that Analog Devices will post 7.14 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, Director Edward H. Frank sold 1,000 shares of the business’s stock in a transaction that occurred on Monday, October 6th. The stock was sold at an average price of $242.74, for a total value of $242,740.00. Following the transaction, the director owned 5,118 shares of the company’s stock, valued at approximately $1,242,343.32. The trade was a 16.35% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Ray Stata sold 3,125 shares of the company’s stock in a transaction that occurred on Tuesday, November 4th. The stock was sold at an average price of $230.21, for a total value of $719,406.25. Following the sale, the director owned 142,571 shares of the company’s stock, valued at $32,821,269.91. This trade represents a 2.14% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 62,240 shares of company stock worth $15,301,891. 0.33% of the stock is currently owned by insiders.

Institutional Trading of Analog Devices

Several hedge funds have recently made changes to their positions in ADI. Howard Hughes Medical Institute acquired a new stake in Analog Devices in the second quarter valued at about $25,000. RMG Wealth Management LLC acquired a new position in Analog Devices during the second quarter worth $26,000. Clayton Financial Group LLC acquired a new stake in Analog Devices in the third quarter valued at $31,000. Activest Wealth Management boosted its position in shares of Analog Devices by 6,350.0% during the 1st quarter. Activest Wealth Management now owns 129 shares of the semiconductor company’s stock worth $26,000 after purchasing an additional 127 shares in the last quarter. Finally, Y.D. More Investments Ltd acquired a new position in shares of Analog Devices during the 3rd quarter worth $32,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analog Devices Company Profile

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.