Analog Devices (NASDAQ:ADI) Receives "Overweight" Rating from Cantor Fitzgerald

Key Points

• Cantor Fitzgerald reaffirmed its “overweight” rating on Analog Devices and set a $550 price target, implying approximately 41% upside from the stock’s $389.39 opening price.
• Analyst sentiment remains positive, with a consensus “Moderate Buy” rating and an average price target of $441; 25 of 29 analysts rate the stock Buy or Strong Buy.
• Analog Devices exceeded quarterly expectations, reporting $3.09 in EPS and $3.62 billion in revenue, with revenue up 37.2% year over year. Insiders sold roughly $42.2 million of stock during the last quarter, while institutional investors own 86.81% of shares.

Analog Devices (NASDAQ:ADI - Get Free Report)'s stock had its "overweight" rating restated by stock analysts at Cantor Fitzgerald in a note issued to investors on Monday,Benzinga reports. They presently have a $550.00 price target on the semiconductor company's stock. Cantor Fitzgerald's target price indicates a potential upside of 41.25% from the company's current price.

Several other research firms have also recently issued reports on ADI. Wells Fargo & Company increased their price objective on Analog Devices from $470.00 to $515.00 and gave the stock an "overweight" rating in a research report on Thursday, May 21st. Oppenheimer upped their price target on shares of Analog Devices from $400.00 to $450.00 and gave the stock an "outperform" rating in a research note on Tuesday, May 12th. Raymond James Financial reiterated an "outperform" rating and issued a $430.00 price target on shares of Analog Devices in a report on Thursday, May 21st. Fundamental Research set a $550.00 price objective on shares of Analog Devices in a research note on Monday, June 29th. Finally, The Goldman Sachs Group reissued a "buy" rating and set a $450.00 price objective on shares of Analog Devices in a report on Wednesday, May 20th. Two analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and four have issued a Hold rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $441.00.

Analog Devices Price Performance

Shares of NASDAQ:ADI opened at $389.39 on Monday. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 1.34. The stock has a market cap of $189.67 billion, a P/E ratio of 57.86, a P/E/G ratio of 1.01 and a beta of 1.20. Analog Devices has a 1-year low of $223.47 and a 1-year high of $445.91. The firm has a fifty day moving average price of $391.20 and a 200 day moving average price of $369.27.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $2.89 by $0.20. The business had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.51 billion. Analog Devices had a return on equity of 14.37% and a net margin of 26.01%.The company's revenue for the quarter was up 37.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.85 earnings per share. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. Sell-side analysts predict that Analog Devices will post 12.42 EPS for the current year.

Insider Transactions at Analog Devices

In other Analog Devices news, Director Karen Golz sold 1,000 shares of the company's stock in a transaction dated Monday, July 13th. The shares were sold at an average price of $389.83, for a total value of $389,830.00. Following the sale, the director owned 11,019 shares of the company's stock, valued at $4,295,536.77. This represents a 8.32% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, SVP Martin Cotter sold 17,594 shares of the stock in a transaction that occurred on Tuesday, June 2nd. The shares were sold at an average price of $418.00, for a total transaction of $7,354,292.00. Following the completion of the sale, the senior vice president owned 56,332 shares in the company, valued at $23,546,776. This represents a 23.80% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last quarter, insiders sold 105,274 shares of company stock worth $42,247,986. Corporate insiders own 0.36% of the company's stock.

Institutional Investors Weigh In On Analog Devices

Institutional investors and hedge funds have recently bought and sold shares of the stock. Banque Transatlantique SA purchased a new stake in shares of Analog Devices in the fourth quarter valued at $25,000. Contravisory Investment Management Inc. purchased a new stake in Analog Devices during the 2nd quarter worth about $25,000. Manning & Napier Advisors LLC acquired a new position in Analog Devices in the 2nd quarter valued at about $25,000. Hilton Head Capital Partners LLC acquired a new position in Analog Devices in the 4th quarter valued at about $26,000. Finally, Gordian Capital Singapore Pte Ltd purchased a new position in Analog Devices in the 4th quarter valued at about $27,000. Hedge funds and other institutional investors own 86.81% of the company's stock.

About Analog Devices

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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