Wall Street Zen Upgrades Analog Devices (NASDAQ:ADI) to “Buy”

Analog Devices (NASDAQ:ADI) was upgraded by equities research analysts at Wall Street Zen from a “hold” rating to a “buy” rating in a research note issued to investors on Saturday.

Several other analysts have also recently commented on the stock. Robert W. Baird lifted their target price on shares of Analog Devices from $250.00 to $275.00 and gave the stock an “outperform” rating in a research note on Wednesday, November 26th. Cantor Fitzgerald reaffirmed an “overweight” rating and issued a $350.00 price objective on shares of Analog Devices in a research report on Tuesday, December 16th. Evercore ISI dropped their target price on Analog Devices from $303.00 to $282.00 and set an “outperform” rating for the company in a research note on Tuesday, November 25th. Piper Sandler set a $290.00 target price on Analog Devices in a research report on Tuesday, November 25th. Finally, Truist Financial lifted their price target on Analog Devices from $258.00 to $291.00 and gave the company a “hold” rating in a report on Friday, December 19th. Three research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and six have issued a Hold rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $305.52.

Analog Devices Stock Down 0.6%

ADI opened at $300.25 on Friday. The firm has a market cap of $147.02 billion, a P/E ratio of 65.84, a PEG ratio of 1.64 and a beta of 1.03. The business’s fifty day simple moving average is $269.25 and its 200 day simple moving average is $250.10. Analog Devices has a 52 week low of $158.65 and a 52 week high of $309.17. The company has a quick ratio of 1.68, a current ratio of 2.19 and a debt-to-equity ratio of 0.24.

Analog Devices (NASDAQ:ADI) last announced its earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share for the quarter, beating the consensus estimate of $2.22 by $0.04. Analog Devices had a net margin of 20.58% and a return on equity of 11.23%. The firm had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter in the previous year, the company posted $1.67 EPS. The firm’s revenue for the quarter was up 25.9% on a year-over-year basis. As a group, equities research analysts anticipate that Analog Devices will post 7.14 EPS for the current fiscal year.

Insider Activity

In other news, CEO Vincent Roche sold 10,000 shares of the stock in a transaction on Friday, January 2nd. The shares were sold at an average price of $275.07, for a total value of $2,750,700.00. Following the completion of the sale, the chief executive officer owned 155,688 shares of the company’s stock, valued at $42,825,098.16. This represents a 6.04% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP Martin Cotter sold 10,000 shares of Analog Devices stock in a transaction on Monday, January 5th. The shares were sold at an average price of $278.44, for a total transaction of $2,784,400.00. Following the transaction, the senior vice president owned 49,664 shares in the company, valued at $13,828,444.16. The trade was a 16.76% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. In the last 90 days, insiders have sold 53,544 shares of company stock worth $14,328,561. Insiders own 0.33% of the company’s stock.

Hedge Funds Weigh In On Analog Devices

A number of institutional investors have recently added to or reduced their stakes in the company. Solstein Capital LLC boosted its holdings in shares of Analog Devices by 2.0% during the second quarter. Solstein Capital LLC now owns 2,307 shares of the semiconductor company’s stock worth $549,000 after purchasing an additional 46 shares during the period. SG Americas Securities LLC increased its stake in Analog Devices by 684.6% in the 3rd quarter. SG Americas Securities LLC now owns 862,314 shares of the semiconductor company’s stock valued at $211,871,000 after buying an additional 752,411 shares during the period. Voya Investment Management LLC boosted its stake in shares of Analog Devices by 22.3% during the 3rd quarter. Voya Investment Management LLC now owns 1,293,403 shares of the semiconductor company’s stock valued at $317,789,000 after buying an additional 236,211 shares during the period. Robeco Institutional Asset Management B.V. boosted its stake in shares of Analog Devices by 55.0% during the 3rd quarter. Robeco Institutional Asset Management B.V. now owns 1,204,226 shares of the semiconductor company’s stock valued at $295,878,000 after buying an additional 427,467 shares during the period. Finally, Cerity Partners LLC grew its holdings in shares of Analog Devices by 15.5% during the 3rd quarter. Cerity Partners LLC now owns 303,069 shares of the semiconductor company’s stock valued at $74,463,000 after acquiring an additional 40,738 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

Key Analog Devices News

Here are the key news stories impacting Analog Devices this week:

• Positive Sentiment: Wells Fargo upgraded ADI from “equal weight” to “overweight” and raised its price target to $340 (from $265), signaling stronger buy-side conviction that the stock can rally further. Wells Fargo upgrade / The Fly
• Positive Sentiment: Stifel Nicolaus raised its price target to $330 and reiterated a “buy” stance, adding top-down analyst support for the stock’s near-term upside. Stifel price target raise / The Fly
• Positive Sentiment: KeyCorp remains constructive — issuing an “Overweight” rating, a $375 target and above-consensus multi-year EPS forecasts (FY26/27 and quarterly cadence) that imply stronger earnings growth expectations. That helps justify higher multiples. KeyCorp coverage / MarketBeat ADI page
• Positive Sentiment: Recent fundamentals remain supportive: ADI beat EPS and revenue in its latest quarter with healthy year-over-year revenue growth, underpinning margin and cash-flow confidence. Earnings recap / MarketBeat
• Neutral Sentiment: Market structure: ADI is trading with above-average volume and near its 52?week high, which amplifies momentum but also raises short-term volatility risk for traders. Trading note / Zacks
• Negative Sentiment: Insider selling: Director Ray Stata reported a 3,125-share sale (Jan. 13) and other small insider disposals were disclosed; while modest relative to total holdings, such sales can be interpreted negatively by some investors. Ray Stata Form 4 / SEC
• Negative Sentiment: Valuation & payout risks: ADI trades at a high P/E and carries an elevated dividend payout ratio (~87%), which could constrict upside if earnings growth slows or capital-return visibility weakens. Valuation note / Yahoo Finance
• Negative Sentiment: Additional insider sale reported: an SVP disclosed a roughly $150k sale, reinforcing the insider-selling narrative (smaller scale but notable to some investors). SVP sale / AmericanBankingNews

About Analog Devices

Analog Devices, Inc (NASDAQ: ADI) is a multinational semiconductor company that designs, manufactures and markets a broad portfolio of analog, mixed-signal and digital signal processing integrated circuits. Founded in 1965 by Ray Stata and Matthew Lorber, the company has grown into a leading supplier of components that convert, condition and process real-world signals for electronic systems. Analog Devices is headquartered in Massachusetts and serves customers around the world across multiple end markets.

The company’s product lineup includes data converters (ADCs and DACs), amplifiers, power management ICs, radio-frequency (RF) and microwave components, sensors and MEMS devices, signal chain and isolation products, timing and clocking solutions, and embedded processors and software for system-level design.