Analog Devices (NASDAQ:ADI) Upgraded by BMO Capital Markets to "Strong-Buy" Rating

Analog Devices (NASDAQ:ADI - Get Free Report) was upgraded by stock analysts at BMO Capital Markets to a "strong-buy" rating in a research note issued to investors on Thursday,Zacks.com reports.

ADI has been the subject of several other reports. Morgan Stanley upped their target price on shares of Analog Devices from $428.00 to $458.00 and gave the company an "overweight" rating in a research note on Thursday. Stifel Nicolaus raised their price target on shares of Analog Devices from $450.00 to $498.00 and gave the stock a "buy" rating in a research report on Wednesday, June 24th. Cantor Fitzgerald restated an "overweight" rating and set a $550.00 price objective on shares of Analog Devices in a report on Monday, August 17th. Oppenheimer upped their price objective on shares of Analog Devices from $400.00 to $450.00 and gave the company an "outperform" rating in a research report on Tuesday, May 12th. Finally, Barclays increased their target price on shares of Analog Devices from $430.00 to $450.00 and gave the company an "overweight" rating in a research note on Thursday, May 21st. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, Analog Devices presently has an average rating of "Buy" and an average target price of $447.13.

Analog Devices Stock Up 0.8%

Shares of ADI stock opened at $373.09 on Thursday. Analog Devices has a 12 month low of $223.47 and a 12 month high of $445.91. The firm has a market cap of $180.79 billion, a PE ratio of 44.26, a price-to-earnings-growth ratio of 0.94 and a beta of 1.20. The stock has a 50 day moving average of $388.25 and a 200-day moving average of $371.11. The company has a quick ratio of 1.34, a current ratio of 1.25 and a debt-to-equity ratio of 0.20.

Analog Devices (NASDAQ:ADI - Get Free Report) last posted its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, beating the consensus estimate of $3.34 by $0.11. The company had revenue of $4.02 billion during the quarter, compared to analysts' expectations of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%.Analog Devices's revenue for the quarter was up 39.2% compared to the same quarter last year. During the same period in the prior year, the business earned $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, equities analysts predict that Analog Devices will post 12.72 EPS for the current year.

Insider Buying and Selling at Analog Devices

In related news, CEO Vincent Roche sold 30,000 shares of the company's stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $415.13, for a total value of $12,453,900.00. Following the sale, the chief executive officer owned 137,538 shares of the company's stock, valued at $57,096,149.94. The trade was a 17.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Karen Golz sold 1,000 shares of the stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $389.83, for a total transaction of $389,830.00. Following the completion of the transaction, the director directly owned 11,019 shares of the company's stock, valued at $4,295,536.77. This trade represents a 8.32% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last 90 days, insiders have sold 75,274 shares of company stock worth $30,343,386. Corporate insiders own 0.36% of the company's stock.

Institutional Investors Weigh In On Analog Devices

A number of institutional investors have recently added to or reduced their stakes in the stock. Syon Capital LLC grew its stake in shares of Analog Devices by 3.3% in the 2nd quarter. Syon Capital LLC now owns 5,500 shares of the semiconductor company's stock valued at $2,184,000 after purchasing an additional 176 shares during the period. TD Waterhouse Canada Inc. lifted its position in shares of Analog Devices by 834.9% during the 2nd quarter. TD Waterhouse Canada Inc. now owns 70,061 shares of the semiconductor company's stock worth $27,268,000 after buying an additional 62,567 shares during the period. Premier Path Wealth Partners LLC lifted its position in shares of Analog Devices by 9.8% during the 2nd quarter. Premier Path Wealth Partners LLC now owns 3,473 shares of the semiconductor company's stock worth $1,379,000 after buying an additional 311 shares during the period. Concurrent Investment Advisors LLC boosted its stake in Analog Devices by 17.3% in the 2nd quarter. Concurrent Investment Advisors LLC now owns 36,093 shares of the semiconductor company's stock valued at $14,335,000 after buying an additional 5,324 shares in the last quarter. Finally, NEOS Investment Management LLC boosted its stake in Analog Devices by 10.7% in the 2nd quarter. NEOS Investment Management LLC now owns 373,750 shares of the semiconductor company's stock valued at $148,442,000 after buying an additional 36,264 shares in the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Key Stories Impacting Analog Devices

Here are the key news stories impacting Analog Devices this week:

• Positive Sentiment: Strong earnings and guidance: ADI reported record fiscal Q3 revenue of $4.02 billion, up about 40% year over year and ahead of the $3.92 billion consensus estimate. Adjusted EPS of $3.45 also exceeded expectations. Management’s fiscal Q4 EPS outlook of $3.71 to $4.01 points to continued momentum. Analog Devices Q3 Earnings Beat Estimates, Revenues Rise Y/Y
• Positive Sentiment: AI and data-center growth: Revenue from data-center applications reportedly more than doubled, while demand tied to AI infrastructure, power management, optical connectivity and energy systems is creating a multiyear growth opportunity. Management highlighted a potential 100-gigawatt data-center buildout by 2031. Analog Devices Q3 Earnings Call Highlights AI Power Growth Runway
• Positive Sentiment: Broad analyst support: JPMorgan raised its price target to $500 and maintained an Overweight rating. Needham, TD Cowen and Susquehanna also reiterated Buy-equivalent ratings, with targets ranging from $450 to $475. These revisions reflect confidence in AI demand, margin expansion and an improving industrial recovery. Analog Devices Is Cashing in on the AI Boom
• Neutral Sentiment: Relative investment appeal: Comparisons with Texas Instruments and dividend-focused AI investment ideas portray ADI as a financially solid way to gain analog-chip and AI exposure, though they do not represent new company-specific catalysts. ADI vs. TXN: Which Analog Processing Chip Stock Has an Edge Right Now?
• Negative Sentiment: Macro and valuation risks: Semiconductor stocks faced pressure from a sharp rise in the 30-year Treasury yield, which can weigh on high-valuation growth shares. One analysis also downgraded ADI, arguing that multiple contraction and elevated expectations could limit gains despite strong fundamentals. Chip Stocks Fell on Higher Treasury Yields

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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