Analog Devices (NASDAQ:ADI) Stock Gets Downgrade from Zacks Research

Analog Devices (NASDAQ:ADI) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a note issued to investors on Wednesday, Zacks reports.

A number of other research analysts have also weighed in on ADI. TD Cowen lifted their target price on Analog Devices from $460.00 to $475.00 and gave the company a “buy” rating in a report on Monday, October 19th. Arete Research upped their price target on Analog Devices from $487.00 to $490.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Needham & Company LLC increased their price target on shares of Analog Devices from $440.00 to $450.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. The Goldman Sachs Group restated a “buy” rating and issued a $480.00 price objective (up from $450.00) on shares of Analog Devices in a research report on Wednesday, August 19th. Finally, Weiss Ratings raised shares of Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Friday, August 21st. Twenty-nine analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $460.55.

Analog Devices Price Performance

Analog Devices stock opened at $409.29 on Wednesday. The firm has a market capitalization of $198.33 billion, a P/E ratio of 48.55, a PEG ratio of 0.99 and a beta of 1.24. Analog Devices has a one year low of $224.25 and a one year high of $445.91. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 0.91. The business has a fifty day moving average price of $393.97 and a 200-day moving average price of $375.40.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data 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. The company had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The firm’s revenue for the quarter was up 39.2% compared to the same quarter last year. During the same period in the previous year, the company posted $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, equities research analysts forecast that Analog Devices will post 12.88 EPS for the current year.

Insiders Place Their Bets

In other news, CFO Richard C. Puccio, Jr. sold 2,683 shares of Analog Devices stock in a transaction dated Wednesday, August 26th. The stock was sold at an average price of $374.56, for a total transaction of $1,004,944.48. Following the completion of the sale, the chief financial officer owned 54,177 shares in the company, valued at approximately $20,292,537.12. This trade represents a 4.72% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vivek Jain sold 3,305 shares of the business’s stock in a transaction dated Thursday, October 8th. The stock was sold at an average price of $406.58, for a total value of $1,343,746.90. Following the transaction, the insider directly owned 40,428 shares of the company’s stock, valued at $16,437,216.24. The trade was a 7.56% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 52,436 shares of company stock worth $20,681,906 in the last ninety days. 0.36% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Analog Devices

Institutional investors and hedge funds have recently bought and sold shares of the stock. BlackRock Inc. purchased a new position in Analog Devices in the 2nd quarter worth approximately $18,610,868,000. Bank of America Corp DE raised its position in shares of Analog Devices by 5.2% during the 1st quarter. Bank of America Corp DE now owns 10,216,699 shares of the semiconductor company’s stock valued at $3,250,341,000 after buying an additional 501,604 shares in the last quarter. Van ECK Associates Corp raised its position in shares of Analog Devices by 24.7% during the 2nd quarter. Van ECK Associates Corp now owns 8,422,883 shares of the semiconductor company’s stock valued at $3,345,316,000 after buying an additional 1,670,957 shares in the last quarter. Amundi lifted its holdings in shares of Analog Devices by 5.3% during the 1st quarter. Amundi now owns 5,044,271 shares of the semiconductor company’s stock worth $1,604,771,000 after acquiring an additional 254,632 shares during the last quarter. Finally, Legal & General Group Plc bought a new stake in shares of Analog Devices during the 2nd quarter worth $1,525,167,000. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analog Devices Company Profile

Analog Devices, Inc. designs and manufactures semiconductor products that help customers sense, measure, interpret and process real-world signals. Its offerings include analog and mixed-signal integrated circuits, power management products, radio-frequency technology, sensors and digital signal processing solutions. The company’s products are used in industrial automation, automotive systems, communications infrastructure, healthcare equipment, consumer devices and aerospace and defense applications.