Analog Devices (NASDAQ:ADI) Downgraded by Zacks Research to "Hold"

Key Points

• Zacks Research downgraded Analog Devices from “strong buy” to “hold.”
• Analyst sentiment remains broadly positive: 29 analysts rate the stock Buy and four Hold, with a consensus “Moderate Buy” rating and a $460.55 price target.
• In its latest reported quarter, Analog Devices beat earnings and revenue expectations, while revenue increased 39.2% year over year.

Analog Devices (NASDAQ:ADI - Get Free Report) was downgraded by Zacks Research from a "strong-buy" rating to a "hold" rating in a report released on Wednesday, Zacks reports.

Several other equities analysts also recently commented on the company. Seaport Research Partners upgraded Analog Devices from a "neutral" rating to a "buy" rating and set a $425.00 target price for the company in a research report on Thursday, August 20th. Evercore reduced their price target on Analog Devices from $474.00 to $462.00 and set an "outperform" rating on the stock in a report on Thursday, August 20th. Weiss Ratings raised Analog Devices from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, August 21st. KeyCorp upped their price objective on Analog Devices from $500.00 to $525.00 and gave the company an "overweight" rating in a research note on Tuesday, July 14th. Finally, Wall Street Zen lowered shares of Analog Devices from a "buy" rating to a "hold" rating in a report on Saturday, November 7th. Twenty-nine equities research analysts have rated the stock with a Buy rating and four have given a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $460.55.

Analog Devices Stock Performance

Shares of Analog Devices stock opened at $409.29 on Wednesday. The company's 50 day moving average price is $393.97 and its two-hundred day moving average price is $375.40. The firm has a market capitalization of $198.33 billion, a P/E ratio of 48.55, a P/E/G ratio of 0.99 and a beta of 1.24. Analog Devices has a fifty-two week low of $224.25 and a fifty-two week high of $445.91. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 0.91.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.34 by $0.11. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the prior year, the business 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. On average, equities analysts forecast that Analog Devices will post 12.88 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the company's stock in a transaction dated Thursday, October 1st. The stock was sold at an average price of $396.94, for a total value of $3,969,400.00. Following the sale, the chief executive officer owned 115,460 shares in the company, valued at approximately $45,830,692.40. The trade was a 7.97% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard Puccio, Jr. sold 2,683 shares of the stock in a transaction dated Wednesday, August 26th. The shares were sold at an average price of $374.56, for a total value of $1,004,944.48. Following the completion of the sale, the chief financial officer directly owned 54,177 shares of the company's stock, valued at approximately $20,292,537.12. The trade was a 4.72% 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. In the last three months, insiders have sold 52,436 shares of company stock valued at $20,681,906. 0.36% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Hedge funds have recently added to or reduced their stakes in the company. Contravisory Investment Management Inc. acquired a new stake in shares of Analog Devices during the second quarter worth $25,000. Manning & Napier Advisors LLC acquired a new position in Analog Devices in the second quarter valued at $25,000. Nvwm LLC lifted its holdings in Analog Devices by 590.0% in the third quarter. Nvwm LLC now owns 69 shares of the semiconductor company's stock valued at $27,000 after buying an additional 59 shares during the period. Dunhill Financial LLC bought a new stake in Analog Devices during the second quarter valued at $32,000. Finally, Cornerstone Financial Management LLC boosted its position in Analog Devices by 54.9% during the second quarter. Cornerstone Financial Management LLC now owns 79 shares of the semiconductor company's stock valued at $31,000 after acquiring an additional 28 shares during the last quarter. Institutional investors own 86.81% of the company's stock.

About Analog Devices

Analog Devices, Inc. designs and manufactures semiconductor products that help customers sense, measure, interpret and process real-world signals. Its offerings include analog and mixed-signal integrated circuits, power management products, radio-frequency technology, sensors and digital signal processing solutions. The company's products are used in industrial automation, automotive systems, communications infrastructure, healthcare equipment, consumer devices and aerospace and defense applications.

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