TD Cowen Issues Positive Forecast for Analog Devices (NASDAQ:ADI) Stock Price

Analog Devices (NASDAQ:ADI) had its price target raised by research analysts at TD Cowen from $460.00 to $475.00 in a research note issued on Monday, Benzinga reports. The brokerage presently has a “buy” rating on the semiconductor company’s stock. TD Cowen’s price target suggests a potential upside of 20.45% from the stock’s previous close.

A number of other equities analysts also recently commented on ADI. Evercore reduced their price objective on shares of Analog Devices from $474.00 to $462.00 and set an “outperform” rating for the company in a research note on Thursday, August 20th. JPMorgan Chase & Co. lifted their target price on Analog Devices from $450.00 to $500.00 and gave the company an “overweight” rating in a research report on Thursday, August 20th. Arete Research lifted their target price on Analog Devices from $487.00 to $490.00 and gave the company a “buy” rating in a research report on Thursday, August 20th. Wells Fargo & Company dropped their target price on Analog Devices from $515.00 to $500.00 and set an “overweight” rating on the stock in a report on Thursday, August 20th. Finally, Cantor Fitzgerald reissued an “overweight” rating and set a $510.00 price target (up from $400.00) on shares of Analog Devices in a research report on Tuesday, September 8th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have given a Hold rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $460.55.

Analog Devices Stock Performance

Shares of ADI stock opened at $394.35 on Monday. The company’s fifty day simple moving average is $382.96 and its 200-day simple moving average is $387.64. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. The firm has a market cap of $191.09 billion, a PE ratio of 46.78, a P/E/G ratio of 1.22 and a beta of 1.22. Analog Devices has a 12 month low of $223.47 and a 12 month high of $445.91.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share for the quarter, beating analysts’ consensus estimates of $3.34 by $0.11. The business had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.92 billion. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The firm’s revenue for the quarter was up 39.2% compared to the same quarter last year. During the same quarter last year, the firm earned $2.05 earnings per share. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Equities research analysts expect that Analog Devices will post 12.99 EPS for the current fiscal year.

Insider Transactions at Analog Devices

In other Analog Devices news, CFO Richard Puccio, Jr. sold 1,500 shares of the stock in a transaction on Tuesday, October 6th. The shares were sold at an average price of $421.08, for a total value of $631,620.00. Following the completion of the sale, the chief financial officer owned 49,677 shares in the company, valued at $20,917,991.16. This trade represents a 2.93% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction dated Thursday, October 1st. The shares were sold at an average price of $396.94, for a total transaction of $3,969,400.00. Following the completion of the transaction, the chief executive officer directly owned 115,460 shares of the company’s stock, valued at approximately $45,830,692.40. This trade represents a 7.97% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last quarter, insiders have sold 50,936 shares of company stock valued at $19,430,764. 0.36% of the stock is owned by company insiders.

Institutional Investors Weigh In On Analog Devices

Several hedge funds have recently bought and sold shares of the company. Contravisory Investment Management Inc. bought a new position in shares of Analog Devices during the 2nd quarter worth approximately $25,000. Manning & Napier Advisors LLC bought a new stake in Analog Devices in the 2nd quarter valued at $25,000. Nvwm LLC raised its stake in Analog Devices by 590.0% in the 3rd quarter. Nvwm LLC now owns 69 shares of the semiconductor company’s stock valued at $27,000 after acquiring an additional 59 shares during the period. Evolution Wealth Management Inc. acquired a new stake in Analog Devices during the 1st quarter valued at $30,000. Finally, Cornerstone Financial Management LLC lifted its holdings in Analog Devices by 54.9% during the 2nd quarter. Cornerstone Financial Management LLC now owns 79 shares of the semiconductor company’s stock valued at $31,000 after purchasing an additional 28 shares during the last quarter. 86.81% of the stock is currently owned by institutional investors and hedge funds.

About Analog Devices

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.