Analog Devices (NASDAQ:ADI) Receives Buy Rating from TD Cowen

Analog Devices (NASDAQ:ADI)‘s stock had its “buy” rating reaffirmed by TD Cowen in a research report issued to clients and investors on Thursday,Benzinga reports. They presently have a $460.00 target price on the semiconductor company’s stock. TD Cowen’s target price indicates a potential upside of 22.47% from the stock’s current price.

A number of other equities analysts have also recently issued reports on ADI. Morgan Stanley restated an “overweight” rating and issued a $458.00 target price on shares of Analog Devices in a report on Thursday. KeyCorp lifted their price target on Analog Devices from $500.00 to $525.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Wolfe Research restated an “outperform” rating and set a $475.00 price objective on shares of Analog Devices in a report on Thursday, May 21st. The Goldman Sachs Group reaffirmed a “buy” rating and set a $480.00 price objective on shares of Analog Devices in a research note on Wednesday. Finally, Stifel Nicolaus raised their target price on shares of Analog Devices from $450.00 to $498.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $446.00.

Analog Devices Price Performance

ADI stock traded up $2.34 on Thursday, hitting $375.60. 524,071 shares of the company’s stock traded hands, compared to its average volume of 4,193,497. The stock has a market cap of $182.95 billion, a price-to-earnings ratio of 55.79, a P/E/G ratio of 0.98 and a beta of 1.20. Analog Devices has a 1-year low of $223.47 and a 1-year high of $445.91. The company has a current ratio of 1.75, a quick ratio of 1.34 and a debt-to-equity ratio of 0.21. The stock has a fifty day moving average of $389.98 and a 200-day moving average of $370.68.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, beating the consensus estimate of $3.34 by $0.11. The company had revenue of $4.02 billion for the quarter, compared to analysts’ expectations of $3.91 billion. Analog Devices had a return on equity of 14.37% and a net margin of 26.01%.The firm’s revenue was up 39.2% on a year-over-year basis. During the same quarter in the prior 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, analysts forecast that Analog Devices will post 12.42 EPS for the current fiscal year.

Insider Activity at Analog Devices

In related news, SVP Martin Cotter sold 17,594 shares of the business’s stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $418.00, for a total transaction of $7,354,292.00. Following the transaction, the senior vice president directly owned 56,332 shares of the company’s stock, valued at approximately $23,546,776. The trade was a 23.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction that occurred on Monday, August 3rd. The shares were sold at an average price of $363.00, for a total transaction of $3,630,000.00. Following the completion of the transaction, the chief executive officer owned 137,538 shares in the company, valued at approximately $49,926,294. This represents a 6.78% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 105,274 shares of company stock valued at $42,247,986. 0.36% of the stock is owned by company insiders.

Institutional Trading of Analog Devices

Several hedge funds and other institutional investors have recently modified their holdings of the company. Fosun International Ltd raised its holdings in shares of Analog Devices by 47.1% during the second quarter. Fosun International Ltd now owns 3,121 shares of the semiconductor company’s stock worth $1,240,000 after acquiring an additional 1,000 shares in the last quarter. Sigma Planning Corp grew its stake in Analog Devices by 28.5% in the second quarter. Sigma Planning Corp now owns 5,848 shares of the semiconductor company’s stock valued at $2,323,000 after purchasing an additional 1,298 shares in the last quarter. Two Sigma Securities LLC acquired a new position in Analog Devices in the 2nd quarter worth about $5,730,000. GTS Securities LLC acquired a new position in Analog Devices in the 2nd quarter worth about $981,000. Finally, Alyeska Investment Group L.P. raised its stake in shares of Analog Devices by 7.8% during the 2nd quarter. Alyeska Investment Group L.P. now owns 895,211 shares of the semiconductor company’s stock worth $355,551,000 after purchasing an additional 64,424 shares in the last quarter. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Key Stories Impacting Analog Devices

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

• Positive Sentiment: Strong fiscal Q3 results: Revenue rose 39.2% year over year to a record $4.02 billion, exceeding the roughly $3.91 billion consensus estimate. Adjusted EPS of $3.45 also surpassed expectations of approximately $3.34. Growth was led by data-center and industrial demand, with data-center revenue reportedly more than doubling. Analog Devices Reports Record Fiscal Third Quarter 2026 Financial Results
• Positive Sentiment: Above-consensus outlook: Analog Devices guided for fiscal Q4 revenue of $4.2 billion to $4.4 billion and adjusted EPS of $3.71 to $4.01, above Wall Street expectations of about $4.1 billion in revenue and $3.53 in EPS. The guidance supports the view that AI infrastructure, power-management chips and industrial applications can sustain momentum into 2027. Analog Devices’ quarterly forecast tops estimates on AI-fueled chip demand
• Positive Sentiment: Analyst support increased: Needham raised its price target from $440 to $450 and assigned a Buy rating. Susquehanna reiterated Buy with a $475 target, while TD Cowen maintained Buy with a $460 target, citing AI and data-center strength. Analog Devices analyst reiterates Buy rating and lifts price target
• Neutral Sentiment: The board declared a quarterly dividend of $1.10 per share, payable September 15 to shareholders of record September 1. This provides shareholder returns but represents a relatively modest yield.
• Negative Sentiment: At roughly $373, ADI remains below its 50-day moving average of about $390 and trades at an elevated P/E near 55.5, leaving the stock vulnerable to profit-taking if AI growth expectations moderate. Reported insider activity also shows substantially more selling than buying in recent months.

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.