Analog Devices (NASDAQ:ADI) Stock Price Expected to Rise, Robert W. Baird Analyst Says

Key Points

• Robert W. Baird raised Analog Devices’ price target from $450 to $675 while maintaining an “outperform” rating, implying roughly 80.9% upside from the prior close.
• Analyst sentiment remains broadly positive, with the stock carrying an average “Buy” rating and a consensus price target of $454.63 from MarketBeat-tracked analysts.
• Analog Devices reported quarterly EPS of $3.45 and revenue of $4.02 billion, exceeding estimates, while revenue increased 39.2% year over year.

Analog Devices (NASDAQ:ADI - Get Free Report) had its price target lifted by research analysts at Robert W. Baird from $450.00 to $675.00 in a report issued on Monday,Benzinga reports. The brokerage presently has an "outperform" rating on the semiconductor company's stock. Robert W. Baird's target price indicates a potential upside of 80.92% from the stock's previous close.

ADI has been the subject of a number of other research reports. BMO Capital Markets assumed coverage on Analog Devices in a research note on Thursday. They set an "outperform" rating and a $430.00 price objective for the company. Wall Street Zen raised Analog Devices from a "hold" rating to a "buy" rating in a research report on Sunday, May 24th. TD Cowen reiterated a "buy" rating and set a $460.00 target price on shares of Analog Devices in a research note on Thursday. Raymond James Financial restated an "outperform" rating and issued a $430.00 price target on shares of Analog Devices in a research note on Thursday, May 21st. Finally, Evercore reaffirmed an "outperform" rating and issued a $474.00 price target on shares of Analog Devices in a report on Thursday, May 21st. Two research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating and two have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Buy" and an average price target of $454.63.

Analog Devices Price Performance

Shares of NASDAQ:ADI opened at $373.09 on Monday. Analog Devices has a 52-week low of $223.47 and a 52-week high of $445.91. The company has a market capitalization of $180.79 billion, a price-to-earnings ratio of 44.26, a price-to-earnings-growth ratio of 0.76 and a beta of 1.20. 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 company has a 50 day moving average of $388.25 and a two-hundred day moving average of $371.50.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 in the previous year, the company earned $2.05 earnings per share. The company'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. As a group, analysts forecast that Analog Devices will post 12.96 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $363.00, for a total transaction of $3,630,000.00. Following the completion of the transaction, the chief executive officer owned 137,538 shares of the company's stock, valued at approximately $49,926,294. The trade was a 6.78% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, Director Ray Stata sold 1,416 shares of the company's stock in a transaction dated Tuesday, August 4th. The stock was sold at an average price of $377.37, for a total transaction of $534,355.92. Following the transaction, the director owned 114,511 shares of the company's stock, valued at $43,213,016.07. This represents a 1.22% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders have sold 75,274 shares of company stock valued at $30,343,386. 0.36% of the stock is owned by corporate insiders.

Institutional Trading of Analog Devices

Several institutional investors have recently modified their holdings of ADI. ING Groep NV increased its holdings in shares of Analog Devices by 45.1% during the 4th quarter. ING Groep NV now owns 222,559 shares of the semiconductor company's stock worth $60,358,000 after acquiring an additional 69,202 shares during the last quarter. Covenant Asset Management LLC acquired a new stake in Analog Devices during the 4th quarter valued at $2,500,000. MGO One Seven LLC boosted its position in Analog Devices by 17.7% during the fourth quarter. MGO One Seven LLC now owns 45,547 shares of the semiconductor company's stock worth $12,352,000 after purchasing an additional 6,846 shares during the period. Natixis Advisors LLC increased its holdings in shares of Analog Devices by 2.4% in the fourth quarter. Natixis Advisors LLC now owns 1,002,286 shares of the semiconductor company's stock valued at $271,791,000 after purchasing an additional 23,531 shares during the last quarter. Finally, Patriot Financial Group Insurance Agency LLC increased its holdings in shares of Analog Devices by 108.5% in the first quarter. Patriot Financial Group Insurance Agency LLC now owns 20,464 shares of the semiconductor company's stock valued at $6,511,000 after purchasing an additional 10,648 shares during the last quarter. Institutional investors and hedge funds own 86.81% of the company's stock.

Analog Devices Company Profile

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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