Analog Devices (NASDAQ:ADI) Given “Buy” Rating at TD Cowen

by · The Cerbat Gem

Analog Devices (NASDAQ:ADI – Get Free Report)‘s stock had its “buy” rating reissued by equities researchers at TD Cowen in a report issued on Tuesday, Benzinga reports. They presently have a $460.00 target price on the semiconductor company’s stock. TD Cowen’s price target points to a potential upside of 26.84% from the company’s previous close.

Other analysts have also issued research reports about the company. Morgan Stanley increased their price objective on Analog Devices from $428.00 to $458.00 and gave the company an “overweight” rating in a research note on Thursday, August 20th. Wells Fargo & Company lowered their price target on shares of Analog Devices from $515.00 to $500.00 and set an “overweight” rating for the company in a report on Thursday, August 20th. Fundamental Research set a $550.00 price target on shares of Analog Devices in a research report on Monday, June 29th. Bank of America raised their price target on shares of Analog Devices from $425.00 to $460.00 and gave the stock a “buy” rating in a report on Thursday, May 21st. Finally, Wolfe Research restated an “outperform” rating and issued a $475.00 price objective on shares of Analog Devices in a research report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and two have assigned a Hold rating to the company’s stock. According to MarketBeat.com, Analog Devices presently has an average rating of “Buy” and a consensus price target of $454.63.

Read Our Latest Research Report on ADI

Analog Devices Trading Up 0.1%

Shares of NASDAQ ADI traded up $0.42 during midday trading on Tuesday, reaching $362.67. The company had a trading volume of 210,339 shares, compared to its average volume of 4,154,404. Analog Devices has a one year low of $223.47 and a one year high of $445.91. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. The firm’s fifty day moving average price is $376.58 and its 200-day moving average price is $374.34. The stock has a market cap of $175.74 billion, a PE ratio of 42.86, a price-to-earnings-growth ratio of 1.12 and a beta of 1.20.

Analog Devices (NASDAQ:ADI – Get Free Report) last posted its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.34 by $0.11. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%.The business had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same period last year, the company earned $2.05 EPS. Analog Devices’s revenue for the quarter was up 39.2% compared to the same quarter last year. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, equities research analysts anticipate that Analog Devices will post 12.96 earnings per share for the current year.

Insider Buying and Selling

In related news, Director Karen Golz sold 1,000 shares of the company’s stock in a transaction that occurred on Thursday, August 27th. The stock was sold at an average price of $374.50, for a total value of $374,500.00. Following the sale, the director owned 10,019 shares in the company, valued at $3,752,115.50. This represents a 9.08% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard Puccio, Jr. sold 2,683 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $374.56, for a total value of $1,004,944.48. Following the completion of the sale, the chief financial officer directly owned 54,177 shares in the company, valued at approximately $20,292,537.12. This represents a 4.72% decrease in their ownership of the stock. 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 90 days, insiders sold 39,931 shares of company stock valued at $14,903,950. 0.36% of the stock is owned by company insiders.

Hedge Funds Weigh In On Analog Devices

Hedge funds and other institutional investors have recently bought and sold shares of the stock. ING Groep NV boosted its stake in Analog Devices by 45.1% during the fourth quarter. ING Groep NV now owns 222,559 shares of the semiconductor company’s stock valued at $60,358,000 after buying an additional 69,202 shares during the last quarter. Natixis Advisors LLC increased its stake in Analog Devices by 2.4% in the 4th quarter. Natixis Advisors LLC now owns 1,002,286 shares of the semiconductor company’s stock worth $271,791,000 after acquiring an additional 23,531 shares during the last quarter. National Pension Service raised its holdings in shares of Analog Devices by 0.5% during the 4th quarter. National Pension Service now owns 1,354,027 shares of the semiconductor company’s stock worth $367,212,000 after acquiring an additional 6,492 shares in the last quarter. Patriot Financial Group Insurance Agency LLC boosted its position in shares of Analog Devices by 108.5% during the 1st quarter. Patriot Financial Group Insurance Agency LLC now owns 20,464 shares of the semiconductor company’s stock valued at $6,511,000 after acquiring an additional 10,648 shares during the last quarter. Finally, Mach 1 Financial Group LLC bought a new position in shares of Analog Devices during the 4th quarter valued at approximately $2,883,000. Institutional investors own 86.81% of the company’s stock.

About Analog Devices

(Get Free Report)

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.

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