Analog Devices, Inc. (NASDAQ:ADI) Given Consensus Rating of "Buy" by Brokerages

Key Points

• Analog Devices has a consensus “Buy” rating from 30 analysts: 26 rate it a buy, two a hold, and two a strong buy. The average 12-month price target is approximately $454.63, with several firms recently raising targets.
• The company beat quarterly expectations, reporting $3.45 in EPS versus the $3.34 consensus and $4.02 billion in revenue versus $3.92 billion expected. Revenue increased 39.2% year over year.
• Analog Devices declared a quarterly dividend of $1.10, equivalent to $4.40 annually and a 1.2% yield; insiders have sold nearly 49,000 shares worth about $19.3 million over the past 90 days.

Shares of Analog Devices, Inc. (NASDAQ:ADI - Get Free Report) have received a consensus recommendation of "Buy" from the thirty ratings firms that are currently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a hold rating, twenty-six have given a buy rating and two have assigned a strong buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $454.6333.

Several research firms have recently issued reports on ADI. 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. Sanford C. Bernstein upgraded shares of Analog Devices from a "market perform" rating to an "outperform" rating and increased their price target for the company from $430.00 to $465.00 in a research report on Wednesday, August 19th. Barclays lifted their price objective on shares of Analog Devices from $430.00 to $450.00 and gave the stock an "overweight" rating in a research note on Thursday, May 21st. Robert W. Baird boosted their price objective on shares of Analog Devices from $450.00 to $675.00 and gave the company an "outperform" rating in a report on Monday, August 24th. Finally, KeyCorp upped their target price on shares of Analog Devices from $500.00 to $525.00 and gave the company an "overweight" rating in a research note on Tuesday, July 14th.

Analog Devices Stock Performance

ADI stock opened at $361.78 on Monday. Analog Devices has a twelve month low of $223.47 and a twelve month high of $445.91. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. The company has a market cap of $175.31 billion, a P/E ratio of 42.92, a price-to-earnings-growth ratio of 0.74 and a beta of 1.20. The business's fifty day moving average is $382.77 and its 200-day moving average is $373.30.

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, topping analysts' consensus estimates of $3.34 by $0.11. The business had revenue of $4.02 billion during the quarter, compared to analysts' expectations of $3.92 billion. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%.The firm's quarterly revenue was up 39.2% compared to the same quarter last year. During the same period in the previous year, the firm earned $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Equities research analysts forecast that Analog Devices will post 12.96 EPS for the current year.

Analog Devices Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st will be issued a $1.10 dividend. The ex-dividend date of this dividend is Tuesday, September 1st. This represents a $4.40 annualized dividend and a dividend yield of 1.2%. Analog Devices's payout ratio is 52.19%.

Insider Activity

In other Analog Devices news, CEO Vincent Roche sold 10,000 shares of the business's stock in a transaction dated Monday, August 3rd. The stock was sold at an average price of $363.00, for a total value of $3,630,000.00. Following the completion of the transaction, the chief executive officer directly owned 137,538 shares of the company's stock, valued at approximately $49,926,294. The trade was a 6.78% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard C. Puccio, Jr. sold 2,683 shares of the stock in a transaction on Wednesday, August 26th. The stock was sold at an average price of $374.56, for a total transaction of $1,004,944.48. Following the sale, the chief financial officer directly owned 54,177 shares of the company's stock, valued at $20,292,537.12. This represents a 4.72% 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 have sold 48,957 shares of company stock worth $19,268,931 in the last 90 days. Corporate insiders own 0.36% of the company's stock.

Institutional Investors Weigh In On Analog Devices

Several hedge funds have recently added to or reduced their stakes in the business. Riverbend Wealth Management LLC raised its stake in shares of Analog Devices by 2.2% during the first quarter. Riverbend Wealth Management LLC now owns 1,245 shares of the semiconductor company's stock valued at $396,000 after purchasing an additional 27 shares in the last quarter. Bridgewater Advisors Inc. grew its position in Analog Devices by 1.5% in the 1st quarter. Bridgewater Advisors Inc. now owns 1,805 shares of the semiconductor company's stock valued at $574,000 after buying an additional 27 shares in the last quarter. Silicon Valley Capital Partners increased its stake in Analog Devices by 4.2% during the 1st quarter. Silicon Valley Capital Partners now owns 672 shares of the semiconductor company's stock valued at $214,000 after buying an additional 27 shares during the period. Cornerstone Financial Management LLC increased its stake in Analog Devices by 54.9% during the 2nd quarter. Cornerstone Financial Management LLC now owns 79 shares of the semiconductor company's stock valued at $31,000 after buying an additional 28 shares during the period. Finally, Sound Income Strategies LLC raised its position in shares of Analog Devices by 12.0% during the 1st quarter. Sound Income Strategies LLC now owns 281 shares of the semiconductor company's stock worth $90,000 after buying an additional 30 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 multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company's product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.

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