Analog Devices (NASDAQ:ADI) Cut to “Hold” at Wall Street Zen

Wall Street Zen cut shares of Analog Devices (NASDAQ:ADI) from a buy rating to a hold rating in a report released on Saturday,Wall Street Zen reports.

Other equities analysts have also issued research reports about the stock. TD Cowen lifted their price target on shares of Analog Devices from $460.00 to $475.00 and gave the stock a “buy” rating in a report on Monday, October 19th. The Goldman Sachs Group restated a “buy” rating and issued a $480.00 price objective (up from $450.00) on shares of Analog Devices in a report on Wednesday, August 19th. Arete Research raised their target price on Analog Devices from $487.00 to $490.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Morgan Stanley raised their target price on Analog Devices from $428.00 to $458.00 and gave the stock an “overweight” rating in a research report on Thursday, August 20th. Finally, BMO Capital Markets assumed coverage on Analog Devices in a report on Thursday, August 20th. They set an “outperform” rating and a $430.00 target price on the stock. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have given a Buy rating and three have assigned a Hold rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $460.55.

Analog Devices Price Performance

Analog Devices stock opened at $394.66 on Friday. The company has a current ratio of 1.25, a quick ratio of 0.91 and a debt-to-equity ratio of 0.20. The company has a market capitalization of $191.24 billion, a PE ratio of 36.08, a P/E/G ratio of 0.98 and a beta of 1.24. Analog Devices has a 12 month low of $224.25 and a 12 month high of $445.91. The stock has a 50-day moving average price of $391.18 and a two-hundred day moving average price of $373.93.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, beating analysts’ consensus estimates of $3.34 by $0.11. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The firm had revenue of $4.02 billion for the quarter, compared to analyst estimates of $3.92 billion. During the same period last year, the firm posted $2.05 earnings per share. The business’s revenue for the quarter 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 expect that Analog Devices will post 13.00 EPS for the current year.

Analog Devices Dividend Announcement

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

Insider Activity

In related news, CFO Richard C. Puccio, Jr. sold 1,500 shares of the company’s stock in a transaction dated Tuesday, October 20th. The stock was sold at an average price of $389.46, for a total transaction of $584,190.00. Following the sale, the chief financial officer owned 48,177 shares in the company, valued at $18,763,014.42. This represents a 3.02% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 10,000 shares of the company’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $425.46, for a total value of $4,254,600.00. Following the sale, the chief executive officer owned 125,670 shares in the company, valued at approximately $53,467,558.20. The trade was a 7.37% 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. 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.

Hedge Funds Weigh In On Analog Devices

Several institutional investors have recently added to or reduced their stakes in ADI. IPG Investment Advisors LLC acquired a new position in shares of Analog Devices during the second quarter worth approximately $1,922,000. Birch Hill Investment Advisors LLC grew its position in Analog Devices by 18.5% in the 3rd quarter. Birch Hill Investment Advisors LLC now owns 133,793 shares of the semiconductor company’s stock valued at $53,077,000 after purchasing an additional 20,889 shares during the period. Lazard Asset Management LLC grew its position in Analog Devices by 6.3% in the 1st quarter. Lazard Asset Management LLC now owns 1,708,858 shares of the semiconductor company’s stock valued at $543,656,000 after purchasing an additional 101,298 shares during the period. Mitsubishi UFJ Asset Management Co. Ltd. acquired a new stake in Analog Devices in the 2nd quarter valued at $500,414,000. Finally, Ieq Capital LLC bought a new stake in Analog Devices during the 2nd quarter valued at $19,643,000. 86.81% of the stock is owned by institutional investors and hedge funds.

About Analog Devices

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.