Analog Devices, Inc. (NASDAQ:ADI) Given Average Rating of "Moderate Buy" by Brokerages

Key Points

• Analog Devices, Inc. has received a consensus rating of "Moderate Buy" from 26 analysts, with a 12-month target price averaging $273.53.
• Insider selling has been notable, with two senior vice presidents selling a total of 14,990 shares in August and September, reflecting a decrease in their stakes of over 15%.
• The company reported $2.88 billion in revenue for the last quarter, exceeding expectations, and plans to pay a quarterly dividend of $0.99 per share on September 16th.

Shares of Analog Devices, Inc. (NASDAQ:ADI - Get Free Report) have earned an average rating of "Moderate Buy" from the twenty-six ratings firms that are covering the stock, Marketbeat reports. Six analysts have rated the stock with a hold recommendation, eighteen have given a buy recommendation and two have given a strong buy recommendation to the company. The average 12 month target price among analysts that have updated their coverage on the stock in the last year is $273.5294.

A number of brokerages have recently weighed in on ADI. Noble Financial upgraded Analog Devices to an "outperform" rating in a research report on Wednesday, June 18th. Piper Sandler raised their price target on Analog Devices from $215.00 to $245.00 and gave the company a "neutral" rating in a research report on Thursday, August 21st. Stifel Nicolaus lifted their price objective on Analog Devices from $248.00 to $270.00 and gave the stock a "buy" rating in a research report on Friday, July 18th. Seaport Res Ptn upgraded Analog Devices from a "strong sell" rating to a "hold" rating in a research report on Monday, July 21st. Finally, Citigroup reiterated a "buy" rating and set a $290.00 price objective (up previously from $260.00) on shares of Analog Devices in a research report on Monday, July 7th.

Insider Buying and Selling

In related news, SVP Katsufumi Nakamura sold 2,490 shares of Analog Devices stock in a transaction dated Thursday, August 21st. The stock was sold at an average price of $248.03, for a total transaction of $617,594.70. Following the completion of the sale, the senior vice president owned 13,549 shares in the company, valued at approximately $3,360,558.47. This trade represents a 15.52% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, SVP Martin Cotter sold 12,500 shares of Analog Devices stock in a transaction dated Friday, September 5th. The stock was sold at an average price of $246.25, for a total value of $3,078,125.00. Following the sale, the senior vice president owned 63,048 shares of the company's stock, valued at approximately $15,525,570. This represents a 16.55% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 38,115 shares of company stock worth $9,529,113. 0.33% of the stock is owned by company insiders.

Institutional Trading of Analog Devices

Several hedge funds and other institutional investors have recently added to or reduced their stakes in ADI. Norges Bank purchased a new stake in Analog Devices in the 2nd quarter valued at about $1,803,377,000. Price T Rowe Associates Inc. MD grew its holdings in shares of Analog Devices by 26.7% during the 1st 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 period. GAMMA Investing LLC grew its holdings in shares of Analog Devices by 25,460.1% during the 1st quarter. GAMMA Investing LLC now owns 2,211,715 shares of the semiconductor company's stock worth $446,037,000 after purchasing an additional 2,203,062 shares during the period. Nuveen LLC purchased a new stake in shares of Analog Devices during the 1st quarter worth about $351,943,000. Finally, Marshall Wace LLP grew its holdings in shares of Analog Devices by 948.2% during the 2nd quarter. Marshall Wace LLP now owns 1,085,990 shares of the semiconductor company's stock worth $258,487,000 after purchasing an additional 982,385 shares during the period. Hedge funds and other institutional investors own 86.81% of the company's stock.

Analog Devices Trading Down 1.2%

Shares of ADI stock opened at $245.21 on Monday. Analog Devices has a fifty-two week low of $158.65 and a fifty-two week high of $258.13. The stock has a market cap of $120.63 billion, a P/E ratio of 62.55, a P/E/G ratio of 2.07 and a beta of 1.08. The business has a fifty day simple moving average of $238.98 and a 200-day simple moving average of $220.37. The company has a quick ratio of 1.79, a current ratio of 2.32 and a debt-to-equity ratio of 0.24.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings results on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share for the quarter, beating analysts' consensus estimates of $1.95 by $0.10. Analog Devices had a return on equity of 10.32% and a net margin of 18.85%.The business had revenue of $2.88 billion during the quarter, compared to analysts' expectations of $2.76 billion. During the same quarter last year, the business posted $1.58 earnings per share. The business's revenue for the quarter was up 24.6% on a year-over-year basis. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. On average, analysts forecast that Analog Devices will post 7.14 earnings per share for the current fiscal year.

Analog Devices Dividend Announcement

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

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.

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