Analog Devices (NASDAQ:ADI) Rating Lowered to Hold at Wall Street Zen

Key Points

• Wall Street Zen downgraded Analog Devices from “buy” to “hold.” Overall analyst sentiment remains positive, with a MarketBeat consensus “Moderate Buy” rating and an average price target of $460.55.
• Analog Devices beat quarterly expectations, reporting EPS of $3.45 versus $3.34 expected and revenue of $4.02 billion versus $3.92 billion expected. Revenue increased 39.2% year over year.
• Company insiders sold 52,436 shares worth about $20.7 million over the past three months; insiders own 0.36% of the stock.

Analog Devices (NASDAQ:ADI - Get Free Report) was downgraded by stock analysts at Wall Street Zen from a "buy" rating to a "hold" rating in a research note issued on Saturday, Wall Street Zen reports.

A number of other equities analysts also recently issued reports on ADI. KeyCorp increased their price target on shares of Analog Devices from $500.00 to $525.00 and gave the company an "overweight" rating in a report on Tuesday, July 14th. Cantor Fitzgerald reissued an "overweight" rating and set a $510.00 price target (up from $400.00) on shares of Analog Devices in a research note on Tuesday, September 8th. TD Cowen raised their price objective on Analog Devices from $460.00 to $475.00 and gave the stock a "buy" rating in a report on Monday, October 19th. Needham & Company LLC lifted their price objective on Analog Devices from $440.00 to $450.00 and gave the company a "buy" rating in a research report on Thursday, August 20th. Finally, Robert W. Baird upped their target price on Analog Devices from $450.00 to $675.00 and gave the company an "outperform" rating in a research note on Monday, August 24th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have assigned a Hold rating to the company. According to data from MarketBeat, Analog Devices currently has an average rating of "Moderate Buy" and an average price target of $460.55.

Analog Devices Price Performance

ADI opened at $363.56 on Friday. Analog Devices has a 1 year low of $223.47 and a 1 year high of $445.91. The firm has a market cap of $176.17 billion, a PE ratio of 36.67, a P/E/G ratio of 1.00 and a beta of 1.24. The stock has a 50-day moving average price of $390.52 and a 200-day moving average price of $373.48. 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 data on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, beating the consensus estimate of $3.34 by $0.11. The business had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The business's revenue was up 39.2% on a year-over-year basis. During the same period in the previous year, the business earned $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Sell-side analysts predict that Analog Devices will post 13.00 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Analog Devices news, insider Vivek Jain sold 3,305 shares of the firm's stock in a transaction that occurred on Thursday, October 8th. The stock was sold at an average price of $406.58, for a total value of $1,343,746.90. Following the completion of the sale, the insider owned 40,428 shares in the company, valued at approximately $16,437,216.24. This trade represents a 7.56% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CFO Richard Puccio, Jr. sold 2,683 shares of Analog Devices stock in a transaction that occurred on Wednesday, August 26th. The shares were sold at an average price of $374.56, for a total transaction of $1,004,944.48. Following the completion of the transaction, the chief financial officer owned 54,177 shares of the company's stock, valued at $20,292,537.12. This trade represents 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. Insiders have sold a total of 52,436 shares of company stock valued at $20,681,906 in the last three months. Company insiders own 0.36% of the company's stock.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of ADI. Contravisory Investment Management Inc. acquired a new position in Analog Devices in the 2nd quarter valued at $25,000. Manning & Napier Advisors LLC bought a new stake in shares of Analog Devices during the 2nd quarter worth approximately $25,000. Nvwm LLC boosted its holdings in shares of Analog Devices by 590.0% in the 3rd quarter. Nvwm LLC now owns 69 shares of the semiconductor company's stock valued at $27,000 after purchasing an additional 59 shares in the last quarter. Dunhill Financial LLC bought a new position in Analog Devices in the second quarter valued at about $32,000. Finally, Cornerstone Financial Management LLC increased its position in Analog Devices by 54.9% during the 2nd quarter. Cornerstone Financial Management LLC now owns 79 shares of the semiconductor company's stock worth $31,000 after purchasing an additional 28 shares in the last quarter. 86.81% of the stock is currently owned by institutional investors.

Analog Devices Company Profile

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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