Analog Devices (NASDAQ:ADI) Price Target Raised to $675.00

Analog Devices (NASDAQ:ADI) had its price target increased by Robert W. Baird from $450.00 to $675.00 in a report issued on Monday, Marketbeat Ratings reports. The brokerage currently has an outperform rating on the semiconductor company’s stock.

Several other equities research analysts have also commented on ADI. Fundamental Research set a $550.00 price objective on shares of Analog Devices in a research note on Monday, June 29th. Citigroup raised their target price on shares of Analog Devices from $400.00 to $460.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. JPMorgan Chase & Co. lifted their target price on shares of Analog Devices from $450.00 to $500.00 and gave the company an “overweight” rating in a report on Thursday, August 20th. Needham & Company LLC boosted their price target on Analog Devices from $440.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. Finally, Seaport Research Partners upgraded Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 price target on the stock in a research note on Thursday, August 20th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating and two have assigned a Hold rating to the company. According to MarketBeat.com, the company currently has an average rating of “Buy” and a consensus target price of $454.63.

Analog Devices Stock Performance

Shares of Analog Devices stock opened at $371.80 on Monday. 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 firm has a market capitalization of $180.16 billion, a P/E ratio of 44.10, a P/E/G ratio of 0.76 and a beta of 1.20. The business has a fifty day simple moving average of $385.42 and a two-hundred day simple moving average of $372.64. 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, topping analysts’ consensus estimates of $3.34 by $0.11. The firm had revenue of $4.02 billion for 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 company’s revenue was up 39.2% compared to the same quarter last year. During the same period in the prior year, the firm earned $2.05 EPS. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. On average, equities analysts forecast that Analog Devices will post 12.96 earnings per share for the current fiscal year.

Analog Devices Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Tuesday, September 15th. Shareholders of record on Tuesday, September 1st will be paid a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.2%. The ex-dividend date is Tuesday, September 1st. Analog Devices’s dividend payout ratio (DPR) is currently 52.19%.

Insiders Place Their Bets

In related news, SVP Martin Cotter sold 17,594 shares of the stock in a transaction on Tuesday, June 2nd. The stock was sold at an average price of $418.00, for a total transaction of $7,354,292.00. Following the sale, the senior vice president directly owned 56,332 shares of the company’s stock, valued at $23,546,776. This trade represents a 23.80% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Karen Golz sold 1,000 shares of Analog Devices stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $389.83, for a total value of $389,830.00. Following the completion of the sale, the director owned 11,019 shares of the company’s stock, valued at $4,295,536.77. The trade was a 8.32% decrease in their ownership of the stock. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold a total of 45,274 shares of company stock worth $17,889,486 in the last 90 days. 0.36% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Analog Devices

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Banque Transatlantique SA bought a new position in Analog Devices during the fourth quarter valued at approximately $25,000. Contravisory Investment Management Inc. bought a new stake in Analog Devices in the 2nd quarter worth approximately $25,000. Manning & Napier Advisors LLC purchased a new stake in Analog Devices during the 2nd quarter valued at $25,000. Hilton Head Capital Partners LLC purchased a new stake in Analog Devices during the 4th quarter valued at $26,000. Finally, Gordian Capital Singapore Pte Ltd bought a new position in shares of Analog Devices during the 4th quarter valued at $27,000. Institutional investors own 86.81% of the company’s stock.

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.