Analog Devices (NASDAQ:ADI) Sets New 1-Year High – Here’s Why

Analog Devices, Inc. (NASDAQ:ADI) reached a new 52-week high during mid-day trading on Monday . The stock traded as high as $440.62 and last traded at $439.6460, with a volume of 27345 shares traded. The stock had previously closed at $434.46.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on the company. Truist Financial boosted their price target on Analog Devices from $364.00 to $405.00 and gave the stock a “hold” rating in a report on Wednesday, May 20th. Wells Fargo & Company raised their price objective on Analog Devices from $470.00 to $515.00 and gave the company an “overweight” rating in a research note on Thursday, May 21st. Wall Street Zen upgraded Analog Devices from a “hold” rating to a “buy” rating in a research report on Sunday, May 24th. JPMorgan Chase & Co. boosted their target price on Analog Devices from $400.00 to $450.00 and gave the stock an “overweight” rating in a research note on Tuesday, May 26th. Finally, Argus set a $460.00 price target on shares of Analog Devices in a research note on Tuesday, May 26th. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $432.71.

Analog Devices Stock Performance

The company’s 50-day moving average price is $401.55 and its two-hundred day moving average price is $341.19. The company has a market capitalization of $213.87 billion, a price-to-earnings ratio of 65.09, a PEG ratio of 1.22 and a beta of 1.18. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 1.34.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 EPS for the quarter, beating analysts’ consensus estimates of $2.89 by $0.20. Analog Devices had a net margin of 26.01% and a return on equity of 14.37%. The business had revenue of $3.62 billion during the quarter, compared to analyst estimates of $3.51 billion. During the same quarter in the previous year, the business posted $1.85 EPS. Analog Devices’s quarterly revenue was up 37.2% on a year-over-year basis. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. On average, equities research analysts anticipate that Analog Devices, Inc. will post 12.41 EPS for the current fiscal year.

Analog Devices Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, June 2nd. This represents a $4.40 annualized dividend and a dividend yield of 1.0%. Analog Devices’s dividend payout ratio (DPR) is 65.38%.

Insider Activity

In other Analog Devices news, Director Ray Stata sold 1,432 shares of the company’s stock in a transaction that occurred on Tuesday, June 9th. The stock was sold at an average price of $400.83, for a total transaction of $573,988.56. Following the transaction, the director owned 120,175 shares in the company, valued at approximately $48,169,745.25. This represents a 1.18% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Karen Golz sold 1,000 shares of the company’s stock in a transaction dated Friday, June 12th. The stock was sold at an average price of $411.95, for a total transaction of $411,950.00. Following the completion of the transaction, the director owned 12,019 shares in the company, valued at approximately $4,951,227.05. The trade was a 7.68% 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 sold 101,442 shares of company stock valued at $40,422,954. 0.36% of the stock is currently owned by insiders.

Institutional Trading of Analog Devices

Hedge funds have recently made changes to their positions in the business. Banque Transatlantique SA purchased a new position in shares of Analog Devices during the fourth quarter valued at approximately $25,000. Hilton Head Capital Partners LLC purchased a new stake in shares of Analog Devices in the 4th quarter worth approximately $26,000. Gordian Capital Singapore Pte Ltd bought a new position in Analog Devices in the fourth quarter worth approximately $27,000. Evolution Wealth Management Inc. purchased a new position in shares of Analog Devices in the 1st quarter valued at $30,000. Finally, Y.D. More Investments Ltd bought a new stake in Analog Devices during the third quarter valued at about $32,000. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

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.