Q3 EPS Estimates for Analog Devices Lifted by Zacks Research

Analog Devices, Inc. (NASDAQ:ADI - Free Report) - Zacks Research boosted their Q3 2026 earnings per share estimates for Analog Devices in a note issued to investors on Wednesday, June 11th. Zacks Research analyst R. Department now expects that the semiconductor company will earn $2.25 per share for the quarter, up from their previous estimate of $2.24. The consensus estimate for Analog Devices' current full-year earnings is $7.14 per share. Zacks Research also issued estimates for Analog Devices' Q4 2026 earnings at $2.22 EPS and Q1 2027 earnings at $2.28 EPS.

Several other equities analysts have also recently issued reports on the stock. Wells Fargo & Company restated a "positive" rating on shares of Analog Devices in a research report on Friday, May 23rd. Truist Financial raised their target price on Analog Devices from $230.00 to $248.00 and gave the stock a "hold" rating in a research report on Thursday, February 20th. KGI Securities initiated coverage on Analog Devices in a research report on Friday, May 23rd. They issued a "buy" rating on the stock. Needham & Company LLC reissued a "hold" rating on shares of Analog Devices in a research note on Friday, May 23rd. Finally, Piper Sandler reduced their target price on Analog Devices from $240.00 to $215.00 and set a "neutral" rating on the stock in a report on Friday, May 23rd. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and sixteen have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $248.63.

Analog Devices Trading Down 3.1%

Shares of NASDAQ:ADI traded down $7.09 during midday trading on Friday, hitting $225.03. 3,349,531 shares of the stock were exchanged, compared to its average volume of 3,571,691. The business's 50-day moving average price is $203.77 and its 200 day moving average price is $210.75. The stock has a market capitalization of $111.67 billion, a price-to-earnings ratio of 71.67, a P/E/G ratio of 2.85 and a beta of 1.00. Analog Devices has a 12 month low of $158.65 and a 12 month high of $247.10. The company has a debt-to-equity ratio of 0.19, a quick ratio of 1.43 and a current ratio of 1.93.

Analog Devices (NASDAQ:ADI - Get Free Report) last released its earnings results on Thursday, May 22nd. The semiconductor company reported $1.85 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $1.70 by $0.15. Analog Devices had a return on equity of 8.91% and a net margin of 16.75%. The firm had revenue of $2.64 billion for the quarter, compared to analysts' expectations of $2.50 billion. During the same quarter in the previous year, the business posted $1.40 earnings per share. The business's revenue for the quarter was up 22.3% on a year-over-year basis.

Analog Devices declared that its board has approved a stock repurchase plan on Tuesday, February 18th that permits the company to repurchase $10.00 billion in outstanding shares. This repurchase authorization permits the semiconductor company to buy up to 9.2% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company's management believes its shares are undervalued.

Analog Devices Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 18th. Shareholders of record on Wednesday, June 4th will be issued a dividend of $0.99 per share. The ex-dividend date is Wednesday, June 4th. This represents a $3.96 annualized dividend and a yield of 1.76%. Analog Devices's payout ratio is 107.90%.

Insider Buying and Selling at Analog Devices

In related news, CEO Vincent Roche sold 10,000 shares of the firm's stock in a transaction dated Thursday, May 1st. The shares were sold at an average price of $196.84, for a total transaction of $1,968,400.00. Following the transaction, the chief executive officer now directly owns 142,996 shares of the company's stock, valued at $28,147,332.64. This trade represents a 6.54% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Vivek Jain sold 12,684 shares of the business's stock in a transaction dated Monday, March 24th. The stock was sold at an average price of $210.00, for a total transaction of $2,663,640.00. Following the transaction, the executive vice president now owns 43,175 shares in the company, valued at approximately $9,066,750. This trade represents a 22.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 32,934 shares of company stock valued at $6,643,956. Corporate insiders own 0.33% of the company's stock.

Hedge Funds Weigh In On Analog Devices

Several institutional investors have recently modified their holdings of ADI. Brighton Jones LLC boosted its holdings in shares of Analog Devices by 39.5% in the 4th quarter. Brighton Jones LLC now owns 1,867 shares of the semiconductor company's stock worth $397,000 after buying an additional 529 shares during the last quarter. Savant Capital LLC boosted its stake in Analog Devices by 12.0% in the fourth quarter. Savant Capital LLC now owns 9,316 shares of the semiconductor company's stock valued at $1,979,000 after acquiring an additional 997 shares during the last quarter. Sovran Advisors LLC bought a new position in shares of Analog Devices during the 4th quarter valued at approximately $261,000. Gladstone Institutional Advisory LLC grew its position in shares of Analog Devices by 1.7% during the 4th quarter. Gladstone Institutional Advisory LLC now owns 8,845 shares of the semiconductor company's stock valued at $1,879,000 after acquiring an additional 145 shares during the period. Finally, Van ECK Associates Corp increased its stake in shares of Analog Devices by 4.8% during the 4th quarter. Van ECK Associates Corp now owns 4,981,475 shares of the semiconductor company's stock worth $1,058,364,000 after purchasing an additional 226,716 shares during the last quarter. 86.81% of the stock is owned by institutional investors.

Analog Devices Company Profile

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.