Analog Devices (NASDAQ:ADI) Stock Rating Cut to “Hold” at Zacks Research

Zacks Research lowered shares of Analog Devices (NASDAQ:ADI) from a strong-buy rating to a hold rating in a research note issued to investors on Wednesday morning,Zacks reports.

ADI has been the topic of several other reports. Arete Research upped their price target on shares of Analog Devices from $487.00 to $490.00 and gave the company a “buy” rating in a report on Thursday, August 20th. Morgan Stanley raised their price objective on shares of Analog Devices from $428.00 to $458.00 and gave the stock an “overweight” rating in a report on Thursday, August 20th. Sanford C. Bernstein raised shares of Analog Devices from a “market perform” rating to an “outperform” rating and raised their price objective for the stock from $430.00 to $465.00 in a report on Wednesday, August 19th. Piper Sandler set a $460.00 target price on shares of Analog Devices in a research report on Tuesday, September 8th. Finally, Cantor Fitzgerald restated an “overweight” rating and issued a $510.00 target price (up from $400.00) on shares of Analog Devices in a research note on Tuesday, September 8th. Twenty-nine research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $460.55.

Analog Devices Trading Up 0.1%

Shares of ADI opened at $409.29 on Wednesday. The company has a market capitalization of $198.33 billion, a P/E ratio of 48.55, a P/E/G ratio of 0.99 and a beta of 1.24. Analog Devices has a one year low of $224.25 and a one year high of $445.91. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25. The stock has a 50-day moving average price of $393.97 and a 200 day moving average price of $375.40.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.34 by $0.11. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The company had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the previous year, the business earned $2.05 EPS. Analog Devices’s revenue for the quarter was up 39.2% compared to the same quarter last year. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Sell-side analysts forecast that Analog Devices will post 12.88 EPS for the current fiscal year.

Analog Devices Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Tuesday, September 15th. Stockholders of record on Tuesday, September 1st were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Tuesday, September 1st. Analog Devices’s payout ratio is 52.19%.

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 on Monday, November 2nd. The stock was sold at an average price of $425.46, for a total transaction of $4,254,600.00. Following the transaction, the chief executive officer directly owned 125,670 shares in the company, valued at $53,467,558.20. This trade represents a 7.37% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Katsufumi Nakamura sold 1,200 shares of the firm’s 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 owned 14,849 shares in the company, valued at $6,162,631.98. This trade represents a 7.48% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. In the last 90 days, insiders sold 52,436 shares of company stock worth $20,681,906. 0.36% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in Analog Devices during the second quarter worth about $18,610,868,000. Bank of America Corp DE acquired a new position in Analog Devices in the second quarter valued at approximately $3,573,081,000. Van ECK Associates Corp grew its holdings in shares of Analog Devices by 24.7% during the second quarter. Van ECK Associates Corp now owns 8,422,883 shares of the semiconductor company’s stock valued at $3,345,316,000 after purchasing an additional 1,670,957 shares during the last quarter. Amundi grew its holdings in shares of Analog Devices by 5.3% during the first quarter. Amundi now owns 5,044,271 shares of the semiconductor company’s stock valued at $1,604,771,000 after purchasing an additional 254,632 shares during the last quarter. Finally, Legal & General Group Plc acquired a new stake in shares of Analog Devices during the 2nd quarter worth approximately $1,525,167,000. 86.81% of the stock is currently owned by institutional investors.

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.