Analog Devices (NASDAQ:ADI) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Analog Devices (NASDAQ:ADI) from a buy rating to a hold rating in a report released on Saturday morning,Wall Street Zen reports.

Several other analysts have also recently weighed in on ADI. Arete Research lifted their price objective on shares of Analog Devices from $487.00 to $490.00 and gave the stock a “buy” rating in a research note on Thursday, August 20th. Weiss Ratings upgraded shares of Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a research report on Friday, August 21st. KeyCorp increased their target price on shares of Analog Devices from $500.00 to $525.00 and gave the stock an “overweight” rating in a research report on Tuesday, July 14th. 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 report on Thursday, August 20th. Finally, Fundamental Research set a $550.00 price target on shares of Analog Devices in a research report on Monday, June 29th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have assigned a Hold rating to the company. Based on data from MarketBeat, Analog Devices presently has a consensus rating of “Moderate Buy” and an average target price of $460.09.

Analog Devices Stock Down 0.3%

ADI opened at $394.35 on Friday. Analog Devices has a fifty-two week low of $223.47 and a fifty-two week high of $445.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25. The company has a market capitalization of $191.09 billion, a P/E ratio of 35.12, a P/E/G ratio of 1.22 and a beta of 1.22. The stock has a fifty day moving average of $382.96 and a 200-day moving average of $387.64.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.34 by $0.11. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The company had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same quarter in the previous year, the business posted $2.05 earnings per share. Analog Devices’s quarterly revenue was up 39.2% on a year-over-year basis. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, equities analysts expect that Analog Devices will post 12.99 EPS for the current year.

Analog Devices Dividend Announcement

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

Insider Buying and Selling

In related news, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $396.94, for a total transaction of $3,969,400.00. Following the completion of the sale, the chief executive officer owned 115,460 shares of the company’s stock, valued at $45,830,692.40. This represents a 7.97% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vivek Jain sold 3,305 shares of the company’s stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $406.58, for a total transaction of $1,343,746.90. Following the sale, the insider directly owned 40,428 shares of the company’s stock, valued at $16,437,216.24. This represents a 7.56% decrease in their position. The SEC filing for this sale provides additional information. Over the last quarter, insiders have sold 50,936 shares of company stock worth $19,430,764. Company insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On Analog Devices

Hedge funds have recently bought and sold shares of the company. Retirement Planning Group LLC raised its position in shares of Analog Devices by 134.1% during the third quarter. Retirement Planning Group LLC now owns 1,442 shares of the semiconductor company’s stock worth $572,000 after acquiring an additional 826 shares during the last quarter. Sterling Investment Counsel LLC lifted its stake in shares of Analog Devices by 2.1% in the third quarter. Sterling Investment Counsel LLC now owns 5,297 shares of the semiconductor company’s stock worth $2,101,000 after acquiring an additional 110 shares during the period. Jackson Square Capital LLC acquired a new position in shares of Analog Devices in the third quarter worth approximately $3,002,000. Foguth Wealth Management LLC. bought a new stake in Analog Devices in the third quarter valued at approximately $202,000. Finally, First Bank & Trust boosted its holdings in Analog Devices by 8.1% in the third quarter. First Bank & Trust now owns 2,097 shares of the semiconductor company’s stock valued at $832,000 after acquiring an additional 158 shares during the last quarter. 86.81% of the stock is owned by institutional investors.

Analog Devices Company Profile

Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that designs and manufactures analog, mixed-signal and digital signal-processing technologies. Its products convert, condition and process real-world signals such as temperature, pressure, sound, motion, light and electrical power, helping electronic systems interpret and respond to physical environments.

The company offers a broad portfolio of integrated circuits, power-management products, amplifiers, data converters, sensors, radio-frequency and microwave components, connectivity solutions and embedded processors.