Analog Devices (NASDAQ:ADI) Stock Rating Lowered by Wall Street Zen

Key Points

• Wall Street Zen downgraded Analog Devices to “hold” from “buy,” although the broader analyst consensus remains “Moderate Buy” with an average price target of $460.09.
• Analog Devices reported stronger-than-expected quarterly results, with $3.45 in EPS and $4.02 billion in revenue; revenue increased 39.2% year over year.
• Shares opened at $395.44, down 2.1%, while insiders sold approximately $19.4 million of stock over the past three months. Institutional investors continue to own a significant 86.81% of the company.

Analog Devices (NASDAQ:ADI - Get Free Report) was downgraded by equities researchers at Wall Street Zen from a "buy" rating to a "hold" rating in a report released on Saturday, Wall Street Zen reports.

Other equities research analysts have also recently issued reports about the stock. Morgan Stanley upped their price objective on shares of Analog Devices from $428.00 to $458.00 and gave the stock an "overweight" rating in a report on Thursday, August 20th. Cantor Fitzgerald reissued an "overweight" rating and set a $510.00 target price (up from $400.00) on shares of Analog Devices in a research report on Tuesday, September 8th. Weiss Ratings upgraded Analog Devices from a "hold (c+)" rating to a "buy (b-)" rating in a report on Friday, August 21st. Sanford C. Bernstein upgraded Analog Devices from a "market perform" rating to an "outperform" rating and raised their target price for the company from $430.00 to $465.00 in a report on Wednesday, August 19th. Finally, TD Cowen reaffirmed a "buy" rating and issued a $460.00 price target (up from $450.00) on shares of Analog Devices in a research report on Tuesday, September 8th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have issued a Hold rating to the company. According to MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $460.09.

Analog Devices Stock Down 2.1%

Shares of Analog Devices stock opened at $395.44 on Friday. The firm has a market cap of $191.62 billion, a price-to-earnings ratio of 35.88, a P/E/G ratio of 1.24 and a beta of 1.22. 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 has a 52-week low of $223.47 and a 52-week high of $445.91. The stock has a 50-day simple moving average of $382.76 and a 200-day simple moving average of $386.52.

Analog Devices (NASDAQ:ADI - Get Free Report) last announced its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, beating the consensus estimate 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 during the quarter, compared to analysts' expectations of $3.92 billion. During the same quarter in the previous year, the business posted $2.05 EPS. The firm's quarterly revenue 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 research analysts expect that Analog Devices will post 12.99 earnings per share for the current fiscal year.

Insider Transactions at Analog Devices

In other news, CFO Richard C. Puccio, Jr. sold 2,683 shares of the firm's stock in a transaction on 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 sale, the chief financial officer owned 54,177 shares in the company, valued at approximately $20,292,537.12. This trade represents a 4.72% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 10,000 shares of the firm's stock in a transaction on Thursday, October 1st. The stock was sold at an average price of $396.94, for a total transaction of $3,969,400.00. Following the completion of 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. 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. Insiders sold a total of 50,936 shares of company stock worth $19,430,764 over the last three months. 0.36% of the stock is currently owned by insiders.

Institutional Trading of Analog Devices

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. IPG Investment Advisors LLC acquired a new stake in shares of Analog Devices during the 2nd quarter valued at about $1,922,000. Patriot Financial Group Insurance Agency LLC increased its stake in 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 acquiring an additional 10,648 shares during the period. Lazard Asset Management LLC increased its stake in Analog Devices by 6.3% in the first quarter. Lazard Asset Management LLC now owns 1,708,858 shares of the semiconductor company's stock valued at $543,656,000 after acquiring an additional 101,298 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new position in Analog Devices in the second quarter worth about $500,414,000. Finally, Ieq Capital LLC acquired a new position in Analog Devices in the second quarter worth about $19,643,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.

About Analog Devices

Analog Devices, Inc NASDAQ: ADI is a global semiconductor company that develops technologies for converting, conditioning and processing real-world signals. Its products connect the physical and digital worlds by helping electronic systems sense, measure, interpret and control information such as temperature, pressure, motion, sound and electrical current.

The company's product portfolio includes analog and mixed-signal integrated circuits, power management solutions, radio-frequency and microwave devices, data converters, amplifiers, sensors, microcontrollers, embedded processors and connectivity products.

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