Analog Devices (NASDAQ:ADI) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Analog Devices (NASDAQ:ADI) from a hold rating to a buy rating in a research report sent to investors on Sunday,Wall Street Zen reports.

Several other brokerages also recently commented on ADI. Seaport Research Partners raised shares of Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 target price on the stock in a research note on Thursday, August 20th. Piper Sandler set a $460.00 price target on shares of Analog Devices in a research report on Tuesday, September 8th. Weiss Ratings raised shares of Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 21st. Evercore cut their price target on shares of Analog Devices from $474.00 to $462.00 and set an “outperform” rating on the stock in a report on Thursday, August 20th. Finally, Wells Fargo & Company decreased their price objective on shares of Analog Devices from $515.00 to $500.00 and set an “overweight” rating on the stock in a research report on Thursday, August 20th. 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 stock. Based on data from MarketBeat.com, Analog Devices has an average rating of “Moderate Buy” and a consensus price target of $460.55.

Analog Devices Price Performance

ADI opened at $425.35 on Friday. The stock’s 50 day simple moving average is $385.37 and its 200 day simple moving average is $369.20. Analog Devices has a 1 year low of $223.47 and a 1 year high of $445.91. The firm has a market cap of $206.11 billion, a price-to-earnings ratio of 50.46 and a beta of 1.22.

Analog Devices (NASDAQ:ADI) last announced its quarterly 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 company had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same period last year, the firm earned $2.05 earnings per share. Analog Devices’s revenue for the quarter was up 39.2% on a year-over-year basis. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, sell-side analysts anticipate that Analog Devices will post 13.00 EPS for the current year.

Analog Devices Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a $1.10 dividend. The ex-dividend date was Tuesday, September 1st. This represents a $4.40 annualized dividend and a yield of 1.0%. Analog Devices’s payout ratio is 52.19%.

Insiders Place Their Bets

In other Analog Devices news, CFO Richard C. Puccio, Jr. sold 1,500 shares of the company’s stock in a transaction on Tuesday, October 20th. The shares were sold at an average price of $389.46, for a total value of $584,190.00. Following the completion of the transaction, the chief financial officer directly owned 48,177 shares in the company, valued at approximately $18,763,014.42. This represents a 3.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ray Stata sold 1,416 shares of the firm’s stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $420.04, for a total transaction of $594,776.64. Following the completion of the sale, the director directly owned 108,847 shares of the company’s stock, valued at approximately $45,720,093.88. This represents a 1.28% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 52,436 shares of company stock valued at $20,014,954 over the last quarter. 0.36% of the stock is owned by company insiders.

Hedge Funds Weigh In On Analog Devices

Institutional investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new stake in Analog Devices during the 2nd quarter valued at approximately $18,610,868,000. Bank of America Corp DE bought a new position in shares of Analog Devices in the 2nd quarter worth approximately $3,573,081,000. Legal & General Group Plc bought a new position in shares of Analog Devices in the 2nd quarter worth approximately $1,525,167,000. Bank of New York Mellon Corp purchased a new position in shares of Analog Devices in the 2nd quarter valued at approximately $1,326,066,000. Finally, Primecap Management Co. CA purchased a new position in shares of Analog Devices in the 2nd quarter valued at approximately $1,242,479,000. 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.