Analog Devices (NASDAQ:ADI) Now Covered by Analysts at Roth Capital

Roth Capital assumed coverage on shares of Analog Devices (NASDAQ:ADI) in a research note issued to investors on Friday morning, Marketbeat.com reports. The brokerage issued a buy rating and a $505.00 price target on the semiconductor company’s stock.

A number of other research analysts have also recently issued reports on the stock. Wells Fargo & Company decreased their price objective on shares of Analog Devices from $515.00 to $500.00 and set an “overweight” rating for the company in a report on Thursday, August 20th. The Goldman Sachs Group reiterated a “buy” rating and issued a $480.00 target price (up from $450.00) on shares of Analog Devices in a report on Wednesday, August 19th. Piper Sandler set a $460.00 price target on shares of Analog Devices in a research report on Tuesday, September 8th. BMO Capital Markets started 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, Zacks Research cut shares of Analog Devices from a “strong-buy” rating to a “hold” rating in a research report on Wednesday. Thirty investment analysts have rated the stock with a Buy rating and four have assigned a Hold rating to the company’s stock. Based on data from MarketBeat, Analog Devices currently has an average rating of “Moderate Buy” and a consensus target price of $461.85.

Analog Devices Price Performance

Analog Devices stock opened at $397.97 on Friday. The business’s 50-day simple moving average is $394.80 and its 200 day simple moving average is $375.87. 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 stock has a market cap of $192.84 billion, a price-to-earnings ratio of 47.21, a P/E/G ratio of 0.99 and a beta of 1.24. Analog Devices has a 12-month low of $224.25 and a 12-month high of $445.91.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share 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 firm had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same period in the previous year, the business posted $2.05 EPS. The company’s quarterly revenue 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. As a group, research analysts anticipate that Analog Devices will post 12.88 earnings per share 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 paid a $1.10 dividend. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date was Tuesday, September 1st. Analog Devices’s payout ratio is presently 52.19%.

Insider Activity

In other news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction dated Monday, November 2nd. The stock was sold at an average price of $425.46, for a total value of $4,254,600.00. Following the completion of the transaction, the chief executive officer owned 125,670 shares in the company, valued at $53,467,558.20. This trade represents a 7.37% decrease in their position. The sale was disclosed in a legal filing 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, CFO Richard C. Puccio, Jr. sold 1,500 shares of Analog Devices stock in a transaction dated Tuesday, October 20th. The shares were sold at an average price of $389.46, for a total value of $584,190.00. Following the completion of the sale, the chief financial officer directly owned 48,177 shares in the company, valued at approximately $18,763,014.42. This represents a 3.02% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last ninety days, insiders sold 52,436 shares of company stock worth $20,681,906. 0.36% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of the stock. BlackRock Inc. bought a new position in Analog Devices in the 2nd quarter valued at about $18,610,868,000. Bank of America Corp DE acquired a new stake in Analog Devices during the second quarter worth approximately $3,573,081,000. Legal & General Group Plc bought a new stake in shares of Analog Devices during the second quarter worth approximately $1,525,167,000. Bank of New York Mellon Corp bought a new stake in shares of Analog Devices during the second quarter worth approximately $1,326,066,000. Finally, Primecap Management Co. CA bought a new stake in shares of Analog Devices during the second quarter worth approximately $1,242,479,000. 86.81% of the stock is owned by institutional investors and hedge funds.

Latest Analog Devices News

These are some of the ADI news items that stood out recently:

• Neutral Sentiment: An article reported fresh ETF buying in ADI, which may provide some demand support, while also raising the question of whether the stock is already expensive. ETF buying and valuation article
• Negative Sentiment: Zacks Research lowered its rating from Strong Buy to Hold, adding to near-term pressure. Zacks Research rating information
• Negative Sentiment: The decline appears tied mainly to broader chip-sector weakness and caution ahead of earnings, rather than a newly disclosed deterioration in ADI’s business. The stock’s valuation and reported insider selling may also be considerations for investors. Sector pressure and earnings article

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.