TD Cowen Issues Positive Forecast for Analog Devices (NASDAQ:ADI) Stock Price

Key Points

• TD Cowen raised its price target for Analog Devices from $460 to $475 while maintaining a “buy” rating, implying 20.45% potential upside from the stock’s $394.35 opening price.
• Analyst sentiment remains favorable, with the company receiving a “Moderate Buy” consensus rating and an average price target of $460.55; several firms recently raised their targets.
• Analog Devices exceeded quarterly expectations, reporting $3.45 in EPS and $4.02 billion in revenue, with revenue rising 39.2% year over year. Insiders have sold shares recently, while institutional investors own 86.81% of the company.

Analog Devices (NASDAQ:ADI - Get Free Report) had its price target lifted by TD Cowen from $460.00 to $475.00 in a research note issued on Monday, Benzinga reports. The firm presently has a "buy" rating on the semiconductor company's stock. TD Cowen's price objective suggests a potential upside of 20.45% from the stock's current price.

Other equities research analysts have also issued reports about the company. Cantor Fitzgerald restated an "overweight" rating and issued a $510.00 target price (up from $400.00) on shares of Analog Devices in a report on Tuesday, September 8th. Arete Research lifted their price target on shares of Analog Devices from $487.00 to $490.00 and gave the company a "buy" rating in a research report on Thursday, August 20th. Wells Fargo & Company dropped their price target on shares of Analog Devices from $515.00 to $500.00 and set an "overweight" rating on the stock in a research report on Thursday, August 20th. Weiss Ratings upgraded shares of Analog Devices from a "hold (c+)" rating to a "buy (b-)" rating in a research note on Friday, August 21st. Finally, JPMorgan Chase & Co. upped their price objective on shares of Analog Devices from $450.00 to $500.00 and gave the stock an "overweight" rating in a report on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have assigned a Buy rating and three have issued a Hold rating to the stock. According to MarketBeat.com, Analog Devices has an average rating of "Moderate Buy" and an average target price of $460.55.

Analog Devices Stock Performance

Shares of NASDAQ ADI opened at $394.35 on Monday. 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 one year low of $223.47 and a one year high of $445.91. The business's 50-day moving average price is $382.96 and its two-hundred day moving average price is $387.64. The company has a market capitalization of $191.09 billion, a P/E ratio of 46.78, a price-to-earnings-growth ratio of 1.22 and a beta of 1.22.

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, beating the consensus estimate of $3.34 by $0.11. The business had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The firm's revenue was up 39.2% on a year-over-year basis. During the same period in the previous year, the company earned $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Analysts anticipate that Analog Devices will post 12.99 earnings per share for the current fiscal year.

Insider Transactions at Analog Devices

In other news, Director Ray Stata sold 1,416 shares of the company's stock in a transaction that occurred on 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 transaction, the director directly owned 108,847 shares in the company, valued at $45,720,093.88. The trade was a 1.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Katsufumi Nakamura sold 1,200 shares of the stock in a transaction that occurred on Friday, October 2nd. The shares were sold at an average price of $415.02, for a total value of $498,024.00. Following the completion of the sale, the insider directly owned 14,849 shares of the company's stock, valued at $6,162,631.98. This represents a 7.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. Over the last three months, insiders have sold 50,936 shares of company stock worth $19,430,764. Insiders own 0.36% of the company's stock.

Hedge Funds Weigh In On Analog Devices

A number of institutional investors and hedge funds have recently bought and sold shares of ADI. BlackRock Inc. acquired a new position in Analog Devices in the 2nd quarter worth $18,610,868,000. Bank of America Corp DE raised its stake in shares of Analog Devices by 5.2% in the 1st quarter. Bank of America Corp DE now owns 10,216,699 shares of the semiconductor company's stock valued at $3,250,341,000 after purchasing an additional 501,604 shares during the period. Van ECK Associates Corp raised its stake in shares of Analog Devices by 24.7% in the 2nd quarter. Van ECK Associates Corp now owns 8,422,883 shares of the semiconductor company's stock valued at $3,345,316,000 after purchasing an additional 1,670,957 shares during the period. Amundi raised its stake in shares of Analog Devices by 5.3% in the 1st quarter. Amundi now owns 5,044,271 shares of the semiconductor company's stock valued at $1,604,771,000 after purchasing an additional 254,632 shares during the period. Finally, Legal & General Group Plc bought a new stake in shares of Analog Devices in the second quarter valued at about $1,525,167,000. Institutional investors own 86.81% of the company's stock.

Analog Devices Company Profile

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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