Analog Devices (NASDAQ:ADI) Receives Hold Rating from Needham & Company LLC

Key Points

• Analog Devices' stock has a consensus rating of "Moderate Buy," with a target price of $258.89 after various analysts' assessments, including a recent "hold" rating from Needham & Company LLC.
• The company's quarterly earnings surpassed analyst expectations, reporting $2.05 earnings per share on revenue of $2.88 billion, which was a 24.6% increase year-over-year.
• Institutional investors own approximately 86.81% of Analog Devices' stock, with significant recent positions taken by various hedge funds and investors, indicating strong financial interest in the company.

Needham & Company LLC reaffirmed their hold rating on shares of Analog Devices (NASDAQ:ADI - Free Report) in a research report sent to investors on Thursday morning,Benzinga reports.

Several other equities analysts also recently commented on the stock. Wells Fargo & Company set a $235.00 target price on shares of Analog Devices and gave the stock an "equal weight" rating in a report on Monday, June 16th. Barclays boosted their target price on shares of Analog Devices from $170.00 to $185.00 and gave the stock an "equal weight" rating in a report on Friday, May 23rd. Raymond James Financial raised shares of Analog Devices from a "moderate buy" rating to a "strong-buy" rating in a report on Wednesday, June 18th. The Goldman Sachs Group started coverage on shares of Analog Devices in a research note on Thursday, July 10th. They set a "buy" rating and a $285.00 price target on the stock. Finally, Oppenheimer upped their price target on shares of Analog Devices from $225.00 to $265.00 and gave the company an "outperform" rating in a research note on Friday, May 16th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have issued a Hold rating to the company's stock. Based on data from MarketBeat.com, Analog Devices presently has a consensus rating of "Moderate Buy" and an average price target of $273.53.

Analog Devices Price Performance

Shares of ADI stock traded up $5.25 during mid-day trading on Thursday, hitting $252.20. The company had a trading volume of 4,988,997 shares, compared to its average volume of 3,656,419. Analog Devices has a 52-week low of $158.65 and a 52-week high of $257.22. The stock's 50 day moving average price is $234.80 and its 200-day moving average price is $217.40. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.51. The company has a market capitalization of $124.07 billion, a P/E ratio of 64.34, a P/E/G ratio of 2.24 and a beta of 1.05.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 EPS for the quarter, topping the consensus estimate of $1.95 by $0.10. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The firm had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same quarter in the previous year, the firm earned $1.58 earnings per share. The company's quarterly revenue was up 24.6% compared to the same quarter last year. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. Equities research analysts forecast that Analog Devices will post 7.14 earnings per share for the current year.

Analog Devices Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd will be paid a dividend of $0.99 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $3.96 dividend on an annualized basis and a yield of 1.6%. Analog Devices's dividend payout ratio is presently 101.02%.

Insiders Place Their Bets

In other Analog Devices news, Director Ray Stata sold 3,125 shares of the business's stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $239.23, for a total transaction of $747,593.75. Following the transaction, the director owned 167,571 shares in the company, valued at $40,088,010.33. The trade was a 1.83% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. 0.33% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of ADI. Vanguard Group Inc. grew its holdings in shares of Analog Devices by 1.5% in the second quarter. Vanguard Group Inc. now owns 50,227,231 shares of the semiconductor company's stock worth $11,955,086,000 after purchasing an additional 761,861 shares during the last quarter. State Street Corp grew its holdings in shares of Analog Devices by 2.2% in the second quarter. State Street Corp now owns 23,317,256 shares of the semiconductor company's stock worth $5,549,973,000 after purchasing an additional 506,507 shares during the last quarter. Geode Capital Management LLC grew its holdings in shares of Analog Devices by 5.7% in the second quarter. Geode Capital Management LLC now owns 11,687,660 shares of the semiconductor company's stock worth $2,770,448,000 after purchasing an additional 633,425 shares during the last quarter. Price T Rowe Associates Inc. MD grew its holdings in shares of Analog Devices by 26.7% in the first quarter. Price T Rowe Associates Inc. MD now owns 11,425,084 shares of the semiconductor company's stock worth $2,304,098,000 after purchasing an additional 2,407,460 shares during the last quarter. Finally, Norges Bank bought a new position in shares of Analog Devices in the second quarter worth about $1,803,377,000. Institutional investors own 86.81% of the company's stock.

About Analog Devices

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.