Analog Devices Stock Gets Stronger EPS Forecast from KeyCorp

Key Points

• KeyCorp raised its FY2026 EPS forecast for Analog Devices to $13.06 from $12.62, above the $12.99 consensus estimate, while maintaining an Overweight rating and $525 price target.
• Analyst sentiment remains broadly positive: Analog Devices has a consensus rating of Moderate Buy and an average price target of $460.09, with several firms recently raising their targets.
• Analog Devices reported strong quarterly results, including $3.45 EPS and $4.02 billion in revenue, while quarterly revenue grew 39.2% year over year; the company also pays a $1.10 quarterly dividend yielding about 1.1%.

Analog Devices, Inc. (NASDAQ:ADI - Free Report) - Equities researchers at KeyCorp lifted their FY2026 earnings per share estimates for shares of Analog Devices in a note issued to investors on Wednesday, October 14th. KeyCorp analyst J. Vinh now anticipates that the semiconductor company will earn $13.06 per share for the year, up from their prior forecast of $12.62. KeyCorp currently has an "Overweight" rating and a $525.00 price target on the stock. The consensus estimate for Analog Devices' current full-year earnings is $12.99 per share. KeyCorp also issued estimates for Analog Devices' Q4 2026 earnings at $4.07 EPS, Q1 2027 earnings at $4.17 EPS, Q2 2027 earnings at $4.35 EPS, Q3 2027 earnings at $4.63 EPS, Q4 2027 earnings at $4.74 EPS and FY2027 earnings at $17.88 EPS.

Several other research firms also recently issued reports on ADI. Morgan Stanley lifted their price target on Analog Devices from $428.00 to $458.00 and gave the stock an "overweight" rating in a research note on Thursday, August 20th. Seaport Research Partners upgraded shares of Analog Devices from a "neutral" rating to a "buy" rating and set a $425.00 price objective on the stock in a research report on Thursday, August 20th. JPMorgan Chase & Co. increased their price objective on shares of Analog Devices from $450.00 to $500.00 and gave the company an "overweight" rating in a research note on Thursday, August 20th. Wall Street Zen downgraded shares of Analog Devices from a "buy" rating to a "hold" rating in a report on Saturday. Finally, The Goldman Sachs Group restated a "buy" rating and set a $480.00 target price (up from $450.00) on shares of Analog Devices in a report on Wednesday, August 19th. One 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 company. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $460.09.

Analog Devices Price Performance

Analog Devices stock opened at $395.44 on Monday. Analog Devices has a fifty-two week low of $223.47 and a fifty-two week high of $445.91. The firm has a market capitalization of $191.62 billion, a price-to-earnings ratio of 46.91, a price-to-earnings-growth ratio of 1.22 and a beta of 1.22. The stock's fifty day moving average is $382.76 and its two-hundred day moving average is $387.11. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, beating the consensus estimate of $3.34 by $0.11. The firm had revenue of $4.02 billion during 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%. Analog Devices's quarterly revenue was up 39.2% on a year-over-year basis. During the same period last year, the business posted $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS.

Analog Devices Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were paid a dividend of $1.10 per share. The ex-dividend date of this dividend was Tuesday, September 1st. This represents a $4.40 annualized dividend and a dividend yield of 1.1%. Analog Devices's dividend payout ratio is presently 52.19%.

Insider Activity at Analog Devices

In other Analog Devices news, CFO Richard C. 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 value of $1,004,944.48. Following the completion of the sale, the chief financial officer directly owned 54,177 shares of the company's stock, valued at approximately $20,292,537.12. The trade was a 4.72% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Vivek Jain sold 3,305 shares of the business's stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $406.58, for a total value of $1,343,746.90. Following the completion of the transaction, the insider owned 40,428 shares of the company's stock, valued at $16,437,216.24. This trade represents a 7.56% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last 90 days, insiders have sold 50,936 shares of company stock valued at $19,430,764. Company insiders own 0.36% of the company's stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the business. BlackRock Inc. purchased a new stake in Analog Devices in the 2nd quarter valued at about $18,610,868,000. Bank of America Corp DE acquired a new position in shares of Analog Devices during the 2nd quarter valued at about $3,573,081,000. Van ECK Associates Corp increased its stake in shares of Analog Devices by 24.7% during 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 acquiring an additional 1,670,957 shares during the last quarter. Amundi lifted its holdings in shares of Analog Devices by 5.3% during the 1st quarter. Amundi now owns 5,044,271 shares of the semiconductor company's stock worth $1,604,771,000 after acquiring an additional 254,632 shares during the period. Finally, Legal & General Group Plc purchased a new position in shares of Analog Devices during the 2nd quarter worth about $1,525,167,000. Hedge funds and other 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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