Analog Devices (NASDAQ:ADI) Given New $475.00 Price Target at TD Cowen

Analog Devices (NASDAQ:ADI) had its target price increased by TD Cowen from $460.00 to $475.00 in a research note published on Monday morning,Benzinga reports. The firm currently has a buy rating on the semiconductor company’s stock.

Several other equities research analysts also recently commented on ADI. Wall Street Zen downgraded shares of Analog Devices from a “buy” rating to a “hold” rating in a research report on Saturday. Fundamental Research set a $550.00 target price on Analog Devices in a research note on Monday, June 29th. Wells Fargo & Company dropped their price objective 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. Piper Sandler set a $460.00 target price on Analog Devices in a report on Tuesday, September 8th. Finally, JPMorgan Chase & Co. lifted their price target on Analog Devices from $450.00 to $500.00 and gave the company an “overweight” rating in a research note on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Analog Devices has a consensus rating of “Moderate Buy” and an average target price of $460.55.

Analog Devices Price Performance

Analog Devices stock opened at $394.35 on Monday. 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 stock has a market capitalization of $191.09 billion, a P/E ratio of 46.78, a price-to-earnings-growth ratio of 1.22 and a beta of 1.22. Analog Devices has a 52 week low of $223.47 and a 52 week high of $445.91. 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 posted its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, topping analysts’ consensus estimates of $3.34 by $0.11. The firm had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $3.92 billion. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The business’s revenue for the quarter was up 39.2% compared to the same quarter last year. During the same quarter in the prior year, the business 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 expect that Analog Devices will post 12.99 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

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 dividend on an annualized basis and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 1st. Analog Devices’s dividend payout ratio (DPR) is currently 52.19%.

Insider Buying and Selling

In related news, Director Ray Stata sold 1,416 shares of the business’s stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $420.04, for a total value of $594,776.64. Following the sale, the director directly owned 108,847 shares in the company, valued at approximately $45,720,093.88. The trade was a 1.28% decrease in their position. The sale 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, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction that occurred on 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 directly owned 115,460 shares in the company, valued at approximately $45,830,692.40. This trade represents a 7.97% 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. Insiders have sold a total of 50,936 shares of company stock worth $19,430,764 in the last quarter. 0.36% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of ADI. Riverbend Wealth Management LLC lifted its stake in shares of Analog Devices by 2.2% in the 1st quarter. Riverbend Wealth Management LLC now owns 1,245 shares of the semiconductor company’s stock worth $396,000 after acquiring an additional 27 shares during the period. Bridgewater Advisors Inc. grew its holdings in shares of Analog Devices by 1.5% in the 1st quarter. Bridgewater Advisors Inc. now owns 1,805 shares of the semiconductor company’s stock worth $574,000 after acquiring an additional 27 shares during the last quarter. Silicon Valley Capital Partners increased its stake in Analog Devices by 4.2% in the 1st quarter. Silicon Valley Capital Partners now owns 672 shares of the semiconductor company’s stock worth $214,000 after purchasing an additional 27 shares in the last quarter. Cornerstone Financial Management LLC raised its holdings in shares of Analog Devices by 54.9% during the second quarter. Cornerstone Financial Management LLC now owns 79 shares of the semiconductor company’s stock valued at $31,000 after acquiring an additional 28 shares during the period. Finally, Eagle Wealth Advisors LLC lifted its holdings in shares of Analog Devices by 2.1% in the third quarter. Eagle Wealth Advisors LLC now owns 1,340 shares of the semiconductor company’s stock valued at $532,000 after purchasing an additional 28 shares in 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.