Analog Devices, Inc. (NASDAQ:ADI) Receives Consensus Rating of “Moderate Buy” from Brokerages

Shares of Analog Devices, Inc. (NASDAQ:ADI) have earned a consensus recommendation of “Moderate Buy” from the thirty-three analysts that are covering the company, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation, twenty-nine have issued a buy recommendation and one has issued a strong buy recommendation on the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $460.09.

ADI has been the topic of a number of research analyst reports. Weiss Ratings raised shares of Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. Robert W. Baird lifted their target price on shares of Analog Devices from $450.00 to $675.00 and gave the company an “outperform” rating in a research note on Monday, August 24th. Sanford C. Bernstein upgraded shares of Analog Devices from a “market perform” rating to an “outperform” rating and boosted their price target for the company from $430.00 to $465.00 in a report on Wednesday, August 19th. Needham & Company LLC upped their price target on shares of Analog Devices from $440.00 to $450.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Finally, Morgan Stanley increased their price objective on Analog Devices from $428.00 to $458.00 and gave the stock an “overweight” rating in a report on Thursday, August 20th.

Analog Devices Trading Up 2.0%

Shares of NASDAQ ADI opened at $404.60 on Friday. Analog Devices has a one year low of $223.47 and a one year high of $445.91. The firm has a market capitalization of $196.06 billion, a PE ratio of 48.00, a PEG ratio of 1.23 and a beta of 1.22. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.20. The business has a 50-day moving average price of $374.38 and a two-hundred day moving average price of $379.57.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share 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 $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%.The business’s revenue for the quarter was up 39.2% on a year-over-year basis. During the same quarter in the previous year, the business posted $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, analysts predict that Analog Devices will post 12.96 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were given a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 1st. Analog Devices’s dividend payout ratio is presently 52.19%.

Insider Transactions at Analog Devices

In other news, Director Karen Golz sold 1,000 shares of Analog Devices stock in a transaction dated Thursday, August 27th. The stock was sold at an average price of $374.50, for a total transaction of $374,500.00. Following the completion of the sale, the director directly owned 10,019 shares in the company, valued at $3,752,115.50. The trade was a 9.08% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard Puccio, Jr. sold 1,500 shares of the business’s stock in a transaction that occurred on Tuesday, September 22nd. The shares were sold at an average price of $382.19, for a total value of $573,285.00. Following the completion of the sale, the chief financial officer directly owned 51,177 shares of the company’s stock, valued at approximately $19,559,337.63. The trade was a 2.85% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 31,931 shares of company stock valued at $11,663,332 over the last 90 days. Company insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

Hedge funds have recently modified their holdings of the business. BlackRock Inc. bought a new stake in Analog Devices in the second quarter worth $18,610,868,000. State Street Corp raised its holdings in Analog Devices by 0.4% during the fourth quarter. State Street Corp now owns 23,487,584 shares of the semiconductor company’s stock valued at $6,369,833,000 after buying an additional 88,538 shares in the last quarter. Bank of America Corp DE acquired a new stake in shares of Analog Devices in the second quarter worth about $3,573,081,000. Van ECK Associates Corp lifted its position in shares of Analog Devices by 24.7% in the second quarter. Van ECK Associates Corp now owns 8,422,883 shares of the semiconductor company’s stock worth $3,345,316,000 after buying an additional 1,670,957 shares during the last quarter. Finally, Norges Bank bought a new stake in shares of Analog Devices during the 4th quarter worth about $2,215,516,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analog Devices Company Profile

Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that develops technologies for converting, conditioning and processing real-world signals. Its products connect the physical and digital worlds by helping electronic systems sense, measure, interpret and control information such as temperature, pressure, motion, sound and electrical current.

The company’s product portfolio includes analog and mixed-signal integrated circuits, power management solutions, radio-frequency and microwave devices, data converters, amplifiers, sensors, microcontrollers, embedded processors and connectivity products.