JPMorgan Chase & Co. Issues Positive Forecast for Analog Devices (NASDAQ:ADI) Stock Price

Key Points

• JPMorgan raised Analog Devices’ price target to $500 from $450 and maintained an “overweight” rating, implying 33.63% upside from the prior close.
• Recent analyst sentiment remains bullish: ADI has a consensus “Moderate Buy” rating and an average price target of $447.72, with several firms recently increasing targets or upgrading the stock.
• Analog Devices reported quarterly revenue of $4.02 billion and EPS of $3.45, beating estimates, while revenue grew 39.2% year over year. However, insiders sold shares in recent transactions, and the stock’s elevated valuation and reliance on AI-related demand remain potential risks.

Analog Devices (NASDAQ:ADI - Get Free Report) had its target price lifted by stock analysts at JPMorgan Chase & Co. from $450.00 to $500.00 in a research report issued to clients and investors on Thursday,Benzinga reports. The firm currently has an "overweight" rating on the semiconductor company's stock. JPMorgan Chase & Co.'s price objective would suggest a potential upside of 33.63% from the company's previous close.

A number of other analysts have also recently commented on the stock. Bank of America lifted their price objective on shares of Analog Devices from $425.00 to $460.00 and gave the company a "buy" rating in a research report on Thursday, May 21st. Wolfe Research restated an "outperform" rating and issued a $475.00 price target on shares of Analog Devices in a research note on Thursday, May 21st. Stifel Nicolaus upped their price target on shares of Analog Devices from $450.00 to $498.00 and gave the company a "buy" rating in a research note on Wednesday, June 24th. Truist Financial raised their price target on shares of Analog Devices from $364.00 to $405.00 and gave the stock a "hold" rating in a research report on Wednesday, May 20th. Finally, Seaport Research Partners raised Analog Devices from a "neutral" rating to a "buy" rating and set a $425.00 price objective for the company in a report on Thursday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $447.72.

Analog Devices Stock Up 0.2%

Shares of ADI stock traded up $0.91 during trading hours on Thursday, hitting $374.17. 1,487,489 shares of the company were exchanged, compared to its average volume of 4,199,727. The business has a 50 day moving average of $389.98 and a two-hundred day moving average of $370.68. The company has a current ratio of 1.75, a quick ratio of 1.34 and a debt-to-equity ratio of 0.21. Analog Devices has a 52 week low of $223.47 and a 52 week high of $445.91. The company has a market capitalization of $182.25 billion, a PE ratio of 55.60, a PEG ratio of 0.98 and a beta of 1.20.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, topping analysts' consensus estimates of $3.34 by $0.11. Analog Devices had a return on equity of 14.37% and a net margin of 26.01%.The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.91 billion. During the same quarter in the prior year, the firm posted $2.05 EPS. The business's revenue was up 39.2% on a year-over-year basis. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Analysts anticipate that Analog Devices will post 12.42 earnings per share for the current fiscal year.

Insider Buying and Selling at Analog Devices

In other news, SVP Martin Cotter sold 17,594 shares of the firm's stock in a transaction on Tuesday, June 2nd. The shares were sold at an average price of $418.00, for a total transaction of $7,354,292.00. Following the completion of the transaction, the senior vice president owned 56,332 shares of the company's stock, valued at approximately $23,546,776. This trade represents a 23.80% 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. Also, CEO Vincent Roche sold 30,000 shares of the business's stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $415.13, for a total transaction of $12,453,900.00. Following the completion of the sale, the chief executive officer directly owned 137,538 shares in the company, valued at approximately $57,096,149.94. This represents a 17.91% decrease in their position. The SEC filing for this sale provides additional information. In the last quarter, insiders have sold 105,274 shares of company stock valued at $42,247,986. Insiders own 0.36% of the company's stock.

Institutional Investors Weigh In On Analog Devices

A number of institutional investors have recently made changes to their positions in the stock. Brighton Jones LLC raised its position in shares of Analog Devices by 39.5% during the fourth quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company's stock worth $397,000 after acquiring an additional 529 shares during the last quarter. Sivia Capital Partners LLC boosted its holdings in Analog Devices by 36.0% in the second quarter. Sivia Capital Partners LLC now owns 1,752 shares of the semiconductor company's stock valued at $417,000 after acquiring an additional 464 shares during the last quarter. Ieq Capital LLC boosted its holdings in Analog Devices by 38.0% in the second quarter. Ieq Capital LLC now owns 44,576 shares of the semiconductor company's stock valued at $10,610,000 after acquiring an additional 12,276 shares during the last quarter. HUB Investment Partners LLC acquired a new stake in Analog Devices during the 2nd quarter valued at approximately $644,000. Finally, Peapack Gladstone Financial Corp raised its holdings in Analog Devices by 2.4% during the 2nd quarter. Peapack Gladstone Financial Corp now owns 60,169 shares of the semiconductor company's stock worth $14,322,000 after purchasing an additional 1,406 shares during the last quarter. Institutional investors own 86.81% of the company's stock.

Analog Devices News Roundup

Here are the key news stories impacting Analog Devices this week:

• Positive Sentiment: Record earnings beat expectations. Fiscal Q3 revenue rose 39.2% year over year to $4.02 billion, surpassing the approximately $3.91 billion consensus, while adjusted EPS of $3.45 exceeded estimates near $3.34. Data-center and industrial revenue were key growth drivers. Analog Devices Reports Record Fiscal Third Quarter 2026 Financial Results
• Positive Sentiment: Above-consensus fourth-quarter guidance supports continued momentum. ADI forecast revenue of $4.2 billion to $4.4 billion and EPS of $3.71 to $4.01, both above Wall Street expectations. Management said AI infrastructure, data-center power demand, optics and industrial recovery could provide a multiyear growth runway extending into fiscal 2027. Analog Devices' quarterly forecast tops estimates on AI-fueled chip demand
• Positive Sentiment: Analysts raised targets and maintained bullish ratings. Needham lifted its target to $450, TD Cowen reaffirmed Buy with a $460 target, and Susquehanna reiterated Buy with a $475 target. Seaport also upgraded the stock, citing a potential data-center buildout of roughly 100 gigawatts by 2031 and significant opportunity for ADI’s power products. Analysts revise forecasts on Analog Devices after Q3 earnings
• Neutral Sentiment: Shareholder returns remain substantial. ADI declared a quarterly dividend of $1.10 per share and reported returning about $1.7 billion through dividends and repurchases during the quarter. The dividend supports income appeal but is unlikely to be the primary near-term catalyst. Analog Devices financial results
• Negative Sentiment: Valuation and concentration risks could limit upside. A Seeking Alpha analysis warned that multiple contraction and dependence on the broader AI trade may cause the stock to lag even as operating results remain strong. Reported insider activity also showed selling without purchases over the past six months, a secondary caution for investors. Analog Devices earnings reaction warning

Analog Devices Company Profile

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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