KeyCorp Comments on Analog Devices’ Q2 Earnings (NASDAQ:ADI)

Analog Devices, Inc. (NASDAQ:ADI) – Analysts at KeyCorp issued their Q2 2026 earnings per share (EPS) estimates for shares of Analog Devices in a research report issued on Monday, January 12th. KeyCorp analyst J. Vinh anticipates that the semiconductor company will post earnings per share of $2.81 for the quarter. KeyCorp currently has a “Overweight” rating and a $375.00 target price on the stock. The consensus estimate for Analog Devices’ current full-year earnings is $7.14 per share. KeyCorp also issued estimates for Analog Devices’ Q3 2026 earnings at $3.02 EPS, Q4 2026 earnings at $3.08 EPS, FY2026 earnings at $11.30 EPS, Q1 2027 earnings at $2.97 EPS, Q2 2027 earnings at $3.08 EPS, Q3 2027 earnings at $3.27 EPS, Q4 2027 earnings at $3.32 EPS and FY2027 earnings at $12.63 EPS.

Several other brokerages have also recently issued reports on ADI. Zacks Research upgraded shares of Analog Devices from a “hold” rating to a “strong-buy” rating in a research report on Thursday, January 1st. Stifel Nicolaus set a $280.00 target price on Analog Devices in a report on Friday, November 21st. Cfra restated a “buy” rating and issued a $280.00 target price on shares of Analog Devices in a research note on Tuesday, November 25th. Robert W. Baird lifted their price target on Analog Devices from $250.00 to $275.00 and gave the company an “outperform” rating in a research report on Wednesday, November 26th. Finally, Truist Financial increased their price objective on Analog Devices from $258.00 to $291.00 and gave the stock a “hold” rating in a report on Friday, December 19th. Three research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and six have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $296.57.

Analog Devices Stock Up 0.6%

Shares of NASDAQ ADI opened at $297.99 on Thursday. The firm has a fifty day simple moving average of $266.43 and a two-hundred day simple moving average of $249.20. Analog Devices has a 12 month low of $158.65 and a 12 month high of $303.20. The company has a current ratio of 2.19, a quick ratio of 1.68 and a debt-to-equity ratio of 0.24. The firm has a market capitalization of $145.91 billion, a PE ratio of 65.35, a price-to-earnings-growth ratio of 1.64 and a beta of 1.03.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 EPS for the quarter, topping analysts’ consensus estimates of $2.22 by $0.04. The company had revenue of $3.08 billion during the quarter, compared to analyst estimates of $3.02 billion. Analog Devices had a return on equity of 11.23% and a net margin of 20.58%.The firm’s revenue was up 25.9% on a year-over-year basis. During the same quarter last year, the firm posted $1.67 earnings per share.

Hedge Funds Weigh In On Analog Devices

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Howard Hughes Medical Institute purchased a new position in shares of Analog Devices in the second quarter worth $25,000. RMG Wealth Management LLC purchased a new stake in shares of Analog Devices during the second quarter valued at $26,000. Clayton Financial Group LLC purchased a new position in Analog Devices in the 3rd quarter worth about $31,000. Barnes Dennig Private Wealth Management LLC lifted its stake in Analog Devices by 61.3% during the 4th quarter. Barnes Dennig Private Wealth Management LLC now owns 129 shares of the semiconductor company’s stock valued at $35,000 after acquiring an additional 49 shares during the period. Finally, Y.D. More Investments Ltd purchased a new stake in shares of Analog Devices during the 3rd quarter valued at about $32,000. 86.81% of the stock is owned by institutional investors.

Insider Activity

In other Analog Devices news, SVP Martin Cotter sold 10,000 shares of the firm’s stock in a transaction dated Monday, January 5th. The shares were sold at an average price of $278.44, for a total transaction of $2,784,400.00. Following the completion of the sale, the senior vice president directly owned 49,664 shares in the company, valued at approximately $13,828,444.16. This trade represents a 16.76% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP Katsufumi Nakamura sold 500 shares of Analog Devices stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $301.46, for a total transaction of $150,730.00. Following the completion of the transaction, the senior vice president directly owned 12,710 shares of the company’s stock, valued at $3,831,556.60. This trade represents a 3.79% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders sold 50,419 shares of company stock valued at $13,399,592. 0.33% of the stock is currently owned by insiders.

Analog Devices Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Monday, December 22nd. Stockholders of record on Monday, December 8th were paid a $0.99 dividend. This represents a $3.96 dividend on an annualized basis and a dividend yield of 1.3%. The ex-dividend date of this dividend was Monday, December 8th. Analog Devices’s dividend payout ratio is currently 86.84%.

Trending Headlines about Analog Devices

Here are the key news stories impacting Analog Devices this week:

• Positive Sentiment: KeyCorp raised its outlook and set a $375 price target, issuing an Overweight rating and publishing a series of above‑consensus EPS forecasts (FY2026 $11.30, FY2027 $12.63 and quarterly guides into 2027). That upgrade and higher earnings trajectory are the primary bullish driver behind ADI’s move today. KeyCorp estimates & coverage
• Positive Sentiment: Zacks highlights accelerating automotive content from ADI (higher content for Level‑2+ ADAS and more software‑defined vehicle electronics), reinforcing the growth case for ADI’s analog/mixed‑signal products in a high‑margin end market. This supports the bullish analyst stance on future revenue and margins. Will Vehicle Electronics Evolution Fuel ADI’s Automotive Growth?
• Positive Sentiment: Recent institutional activity and multiple analyst upgrades have lifted sentiment — several brokers have raised targets and numerous funds increased positions, which provides technical and flows support to the shares. MarketBeat coverage
• Neutral Sentiment: Insider selling: SVP Katsufumi Nakamura sold 500 shares (and had prior small sales). The transactions were disclosed but represent a small portion of insider holdings and are likely not a company‑level red flag; treat as routine liquidity rather than a signal of worsening fundamentals. Insider selling details
• Negative Sentiment: Critical analysis: a Yahoo Finance piece warns that ADI’s returns aren’t growing, highlighting potential margin/ROE concerns that could temper valuation upside if not addressed. This is a cautionary counterpoint to the bullish EPS projections. The Returns At Analog Devices Aren’t Growing

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.