Analog Devices, Inc. (NASDAQ:ADI) Given Consensus Rating of “Buy” by Brokerages

Analog Devices, Inc. (NASDAQ:ADI) has earned a consensus recommendation of “Buy” from the thirty research firms that are covering the firm, Marketbeat.com reports. Two analysts have rated the stock with a hold rating, twenty-six have assigned a buy rating and two have assigned a strong buy rating to the company. The average 12-month target price among brokers that have updated their coverage on the stock in the last year is $454.6333.

A number of equities research analysts have recently commented on ADI shares. Wall Street Zen raised shares of Analog Devices from a “hold” rating to a “buy” rating in a research note on Sunday, May 24th. Fundamental Research set a $550.00 price target on shares of Analog Devices in a report on Monday, June 29th. JPMorgan Chase & Co. raised their price target on shares of Analog Devices from $450.00 to $500.00 and gave the company an “overweight” rating in a research report on Thursday, August 20th. Wolfe Research reaffirmed an “outperform” rating and issued a $475.00 price objective on shares of Analog Devices in a report on Thursday, May 21st. Finally, Wells Fargo & Company lowered their target price on shares of Analog Devices from $515.00 to $500.00 and set an “overweight” rating on the stock in a research note on Thursday, August 20th.

Analog Devices Price Performance

Shares of ADI opened at $362.25 on Monday. Analog Devices has a 52 week low of $223.47 and a 52 week high of $445.91. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $175.54 billion, a price-to-earnings ratio of 42.97, a PEG ratio of 1.12 and a beta of 1.20. The stock’s 50-day moving average price is $377.17 and its 200-day moving average price is $374.17.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, topping the consensus estimate of $3.34 by $0.11. The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%.Analog Devices’s revenue for the quarter was up 39.2% compared to the same quarter last year. During the same period last year, the company earned $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, sell-side analysts predict that Analog Devices will post 12.96 EPS for the current year.

Analog Devices Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be given a dividend of $1.10 per share. The ex-dividend date is Tuesday, September 1st. This represents a $4.40 dividend on an annualized basis and a yield of 1.2%. Analog Devices’s dividend payout ratio is currently 52.19%.

Insiders Place Their Bets

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction on Tuesday, September 1st. The shares were sold at an average price of $356.33, for a total transaction of $3,563,300.00. Following the completion of the transaction, the chief executive officer directly owned 134,660 shares in the company, valued at approximately $47,983,397.80. This represents a 6.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Karen Golz sold 1,000 shares of the stock in a transaction on Thursday, August 27th. The shares were sold at an average price of $374.50, for a total transaction of $374,500.00. Following the transaction, the director directly owned 10,019 shares in the company, valued at approximately $3,752,115.50. The trade was 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 41,363 shares of company stock valued at $15,477,939 in the last three months. 0.36% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the stock. Banque Transatlantique SA acquired a new stake in Analog Devices in the 4th quarter worth about $25,000. Contravisory Investment Management Inc. purchased a new stake in Analog Devices during the 2nd quarter worth approximately $25,000. Manning & Napier Advisors LLC acquired a new position in shares of Analog Devices during the second quarter valued at approximately $25,000. Hilton Head Capital Partners LLC acquired a new position in shares of Analog Devices during the fourth quarter valued at approximately $26,000. Finally, Gordian Capital Singapore Pte Ltd purchased a new position in shares of Analog Devices in the fourth quarter valued at approximately $27,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

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.