Analog Devices (NASDAQ:ADI) Stock Lifted to Buy by Wall Street Zen
by Amy Steele · The Cerbat GemWall Street Zen upgraded shares of Analog Devices (NASDAQ:ADI – Free Report) from a hold rating to a buy rating in a report issued on Sunday morning,Wall Street Zen reports.
ADI has been the topic of a number of other reports. Wells Fargo & Company reduced 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 note on Thursday, August 20th. Seaport Research Partners raised shares of Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 target price for the company in a research note on Thursday, August 20th. Sanford C. Bernstein raised shares of Analog Devices from a “market perform” rating to an “outperform” rating and lifted their target price for the stock from $430.00 to $465.00 in a research note on Wednesday, August 19th. Evercore dropped their target price 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, The Goldman Sachs Group reaffirmed a “buy” rating and set a $480.00 price target (up from $450.00) on shares of Analog Devices in a research report on Wednesday, August 19th. One analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $460.55.
View Our Latest Stock Analysis on Analog Devices
Analog Devices Price Performance
ADI stock opened at $391.07 on Friday. The company has a market capitalization of $189.50 billion, a P/E ratio of 46.39, a PEG ratio of 1.20 and a beta of 1.22. The company has a fifty day moving average price of $383.75 and a 200-day moving average price of $389.72. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25. Analog Devices has a 52-week low of $223.47 and a 52-week high of $445.91.
Analog Devices (NASDAQ:ADI – Get Free Report) last issued its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $3.92 billion. During the same quarter in the previous year, the firm posted $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, equities analysts expect that Analog Devices will post 13.00 EPS for the current year.
Analog Devices Announces Dividend
The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st were issued a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Tuesday, September 1st. Analog Devices’s dividend payout ratio is presently 52.19%.
Insiders Place Their Bets
In other news, CEO Vincent Roche sold 10,000 shares of the firm’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 owned 115,460 shares of the company’s stock, valued at $45,830,692.40. This trade represents a 7.97% decrease in their position. The sale was disclosed in a filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard Puccio, Jr. sold 2,683 shares of Analog Devices stock in a transaction on Wednesday, August 26th. The shares were 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 of the company’s stock, valued at $20,292,537.12. This represents a 4.72% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 52,436 shares of company stock worth $20,014,954. Corporate insiders own 0.36% of the company’s stock.
Institutional Investors Weigh In On Analog Devices
Large investors have recently bought and sold shares of the stock. Riverbend Wealth Management LLC lifted its stake in shares of Analog Devices by 2.2% during the 1st quarter. Riverbend Wealth Management LLC now owns 1,245 shares of the semiconductor company’s stock valued at $396,000 after buying an additional 27 shares in the last quarter. Bridgewater Advisors Inc. boosted its holdings in 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 buying an additional 27 shares during the period. Silicon Valley Capital Partners grew 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 valued at $214,000 after buying an additional 27 shares in the last quarter. Cornerstone Financial Management LLC grew its stake in Analog Devices by 54.9% in the 2nd quarter. Cornerstone Financial Management LLC now owns 79 shares of the semiconductor company’s stock valued at $31,000 after buying an additional 28 shares in the last quarter. Finally, Eagle Wealth Advisors LLC grew its stake in Analog Devices by 2.1% in the 3rd quarter. Eagle Wealth Advisors LLC now owns 1,340 shares of the semiconductor company’s stock valued at $532,000 after buying an additional 28 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.
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.
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