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

Key Points

• Wall Street Zen upgraded Analog Devices from “hold” to “buy,” adding to a broadly positive analyst outlook. The stock has a consensus “Moderate Buy” rating and an average price target of $460.55.
• Analog Devices reported quarterly EPS of $3.45 and revenue of $4.02 billion, exceeding analyst estimates, while revenue increased 39.2% year over year.
• ADI shares opened at $391.07, with a market capitalization of approximately $189.5 billion. Insiders have sold more than 52,000 shares worth about $20 million over the past 90 days, while institutional investors own 86.81% of the stock.

Analog Devices (NASDAQ:ADI - Get Free Report) was upgraded by investment analysts at Wall Street Zen from a "hold" rating to a "buy" rating in a research report issued to clients and investors on Sunday, Wall Street Zen reports.

ADI has been the topic of a number of other research reports. Seaport Research Partners raised Analog Devices from a "neutral" rating to a "buy" rating and set a $425.00 price target on the stock in a research report on Thursday, August 20th. Weiss Ratings upgraded Analog Devices from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, August 21st. Piper Sandler set a $460.00 price objective on Analog Devices in a research report on Tuesday, September 8th. Robert W. Baird lifted their target price on Analog Devices from $450.00 to $675.00 and gave the stock an "outperform" rating in a research note on Monday, August 24th. Finally, Morgan Stanley boosted their target price on Analog Devices from $428.00 to $458.00 and gave the stock an "overweight" rating in a report on Thursday, August 20th. One investment analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have issued a Hold rating to the company's stock. According to data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $460.55.

Analog Devices Stock Performance

Shares of ADI stock opened at $391.07 on Friday. The stock has a market cap of $189.50 billion, a P/E ratio of 46.39, a P/E/G ratio of 1.20 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. The company has a fifty day moving average price of $383.75 and a two-hundred day moving average price of $389.29. Analog Devices has a one year low of $223.47 and a one year high of $445.91.

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 analysts' consensus estimates of $3.34 by $0.11. The company had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.92 billion. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The company's quarterly revenue was up 39.2% on a year-over-year basis. During the same quarter last year, the firm posted $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. As a group, equities analysts predict that Analog Devices will post 13.00 EPS for the current year.

Insider Buying and Selling

In related news, CFO Richard C. Puccio, Jr. sold 1,500 shares of the firm's stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $389.46, for a total transaction of $584,190.00. Following the transaction, the chief financial officer directly owned 48,177 shares of the company's stock, valued at approximately $18,763,014.42. This trade represents a 3.02% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available 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 Analog Devices stock in a transaction dated Tuesday, October 6th. The stock was sold at an average price of $420.04, for a total transaction of $594,776.64. Following the completion of the sale, the director owned 108,847 shares of the company's stock, valued at $45,720,093.88. This trade represents a 1.28% decrease in their position. The SEC filing for this sale provides additional information. 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 $20,014,954 in the last 90 days. 0.36% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the business. Contravisory Investment Management Inc. acquired a new stake in Analog Devices during the second quarter worth approximately $25,000. Manning & Napier Advisors LLC bought a new position in Analog Devices during the 2nd quarter worth $25,000. Nvwm LLC increased its stake in Analog Devices by 590.0% during the 3rd quarter. Nvwm LLC now owns 69 shares of the semiconductor company's stock worth $27,000 after acquiring an additional 59 shares during the period. Evolution Wealth Management Inc. acquired a new position in Analog Devices in the 1st quarter valued at $30,000. Finally, Cornerstone Financial Management LLC raised its holdings in Analog Devices by 54.9% in the 2nd 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 in the last quarter. Institutional investors and hedge funds own 86.81% of the company's stock.

About Analog Devices

Analog Devices, Inc NASDAQ: ADI is a global semiconductor company that designs and manufactures analog, mixed-signal and digital signal-processing technologies. Its products convert, condition and process real-world signals such as temperature, pressure, sound, motion, light and electrical power, helping electronic systems interpret and respond to physical environments.

The company offers a broad portfolio of integrated circuits, power-management products, amplifiers, data converters, sensors, radio-frequency and microwave components, connectivity solutions and embedded processors.

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