Analog Devices (NASDAQ:ADI) Stock Rating Lowered by Zacks Research

Analog Devices (NASDAQ:ADI) was downgraded by equities researchers at Zacks Research from a “strong-buy” rating to a “hold” rating in a research report issued to clients and investors on Wednesday, Zacks reports.

Several other analysts have also weighed in on the stock. Morgan Stanley lifted their price objective on shares of Analog Devices from $428.00 to $458.00 and gave the company an “overweight” rating in a research note on Thursday, August 20th. KeyCorp increased their target price on shares of Analog Devices from $500.00 to $525.00 and gave the stock an “overweight” rating in a research note on Tuesday, July 14th. Arete Research raised their price target on shares of Analog Devices from $487.00 to $490.00 and gave the stock a “buy” rating in a report on Thursday, August 20th. BMO Capital Markets initiated coverage on shares of Analog Devices in a report on Thursday, August 20th. They issued an “outperform” rating and a $430.00 price target for the company. Finally, Seaport Research Partners raised shares of Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 price target for the company in a research note on Thursday, August 20th. Twenty-nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company. According to MarketBeat.com, Analog Devices currently has a consensus rating of “Moderate Buy” and an average price target of $460.55.

Analog Devices Trading Up 0.1%

Shares of ADI stock opened at $409.29 on Wednesday. The company has a market cap of $198.33 billion, a P/E ratio of 48.55, a PEG ratio of 0.99 and a beta of 1.24. The stock has a 50 day simple moving average of $393.97 and a two-hundred day simple moving average of $375.40. 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 has a fifty-two week low of $224.25 and a fifty-two week high of $445.91.

Analog Devices (NASDAQ:ADI) last issued 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 firm had revenue of $4.02 billion for 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 company’s 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. Research analysts forecast that Analog Devices will post 12.88 earnings per share for the current year.

Insider Activity

In related news, insider Katsufumi Nakamura sold 1,200 shares of the stock in a transaction on Friday, October 2nd. The stock was sold at an average price of $415.02, for a total value of $498,024.00. Following the transaction, the insider directly owned 14,849 shares in the company, valued at $6,162,631.98. This trade represents a 7.48% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Vivek Jain sold 3,305 shares of Analog Devices stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $406.58, for a total transaction of $1,343,746.90. Following the completion of the sale, the insider directly owned 40,428 shares of the company’s stock, valued at approximately $16,437,216.24. The trade was a 7.56% decrease in their position. The SEC filing for this sale provides additional information. Over the last 90 days, insiders have sold 52,436 shares of company stock valued at $20,681,906. Corporate insiders own 0.36% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of ADI. Lifeworks Advisors LLC raised its holdings in shares of Analog Devices by 27.5% in the 3rd quarter. Lifeworks Advisors LLC now owns 1,007 shares of the semiconductor company’s stock worth $400,000 after acquiring an additional 217 shares during the last quarter. Twin Peaks Wealth Advisors LLC lifted its position in Analog Devices by 34.0% in the 3rd quarter. Twin Peaks Wealth Advisors LLC now owns 874 shares of the semiconductor company’s stock valued at $345,000 after acquiring an additional 222 shares in the last quarter. N.F.U. MUTUAL UNIT MANAGERS Ltd acquired a new position in Analog Devices during the 3rd quarter valued at about $1,543,000. Bouchey Financial Group Ltd. boosted its stake in Analog Devices by 16.5% during the 3rd quarter. Bouchey Financial Group Ltd. now owns 600 shares of the semiconductor company’s stock valued at $238,000 after purchasing an additional 85 shares during the last quarter. Finally, Gabelli Funds LLC increased its holdings in Analog Devices by 17.6% during the 3rd quarter. Gabelli Funds LLC now owns 2,950 shares of the semiconductor company’s stock worth $1,170,000 after purchasing an additional 442 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analog Devices Company Profile

Analog Devices, Inc. designs and manufactures semiconductor products that help customers sense, measure, interpret and process real-world signals. Its offerings include analog and mixed-signal integrated circuits, power management products, radio-frequency technology, sensors and digital signal processing solutions. The company’s products are used in industrial automation, automotive systems, communications infrastructure, healthcare equipment, consumer devices and aerospace and defense applications.