Analog Devices (NASDAQ:ADI) Hits New 1-Year High – Time to Buy?

Analog Devices, Inc. (NASDAQ:ADI) hit a new 52-week high during trading on Wednesday . The company traded as high as $410.28 and last traded at $408.75, with a volume of 246645 shares. The stock had previously closed at $404.77.

Analysts Set New Price Targets

A number of research firms have recently commented on ADI. Stifel Nicolaus set a $405.00 target price on shares of Analog Devices and gave the stock a “buy” rating in a research report on Wednesday, February 18th. Citigroup reissued a “buy” rating on shares of Analog Devices in a report on Thursday, February 19th. Piper Sandler increased their target price on shares of Analog Devices from $250.00 to $360.00 and gave the stock a “neutral” rating in a report on Thursday, February 19th. Truist Financial increased their target price on shares of Analog Devices from $291.00 to $364.00 and gave the stock a “hold” rating in a report on Thursday, February 19th. Finally, Susquehanna increased their target price on shares of Analog Devices from $360.00 to $400.00 and gave the stock a “positive” rating in a report on Thursday, February 19th. Three research analysts have rated the stock with a Strong Buy rating, twenty-four have issued a Buy rating and four have issued a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $370.69.

Analog Devices Stock Up 2.6%

The firm’s 50-day moving average price is $342.55 and its 200 day moving average price is $300.49. The firm has a market cap of $202.71 billion, a P/E ratio of 76.00, a price-to-earnings-growth ratio of 1.60 and a beta of 1.19. The company has a quick ratio of 1.35, a current ratio of 1.76 and a debt-to-equity ratio of 0.21.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Wednesday, February 18th. The semiconductor company reported $2.46 EPS for the quarter, topping the consensus estimate of $2.31 by $0.15. The business had revenue of $3.16 billion during the quarter, compared to analyst estimates of $3.10 billion. Analog Devices had a net margin of 23.02% and a return on equity of 12.49%. The company’s quarterly revenue was up 30.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.63 earnings per share. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. As a group, research analysts expect that Analog Devices, Inc. will post 11.35 earnings per share for the current year.

Analog Devices Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Investors of record on Tuesday, March 3rd were given a $1.10 dividend. The ex-dividend date was Tuesday, March 3rd. This represents a $4.40 dividend on an annualized basis and a yield of 1.1%. This is a boost from Analog Devices’s previous quarterly dividend of $0.99. Analog Devices’s payout ratio is currently 80.44%.

Insider Transactions at Analog Devices

In related news, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction dated Friday, May 1st. The stock was sold at an average price of $397.91, for a total transaction of $3,979,100.00. Following the completion of the transaction, the chief executive officer owned 187,538 shares of the company’s stock, valued at $74,623,245.58. This trade represents a 5.06% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CAO Michael Sondel sold 4,199 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The shares were sold at an average price of $361.02, for a total transaction of $1,515,922.98. Following the transaction, the chief accounting officer owned 14,740 shares of the company’s stock, valued at approximately $5,321,434.80. This trade represents a 22.17% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders sold a total of 24,199 shares of company stock valued at $8,676,423 in the last quarter. 0.36% of the stock is currently owned by insiders.

Institutional Trading of Analog Devices

Hedge funds have recently bought and sold shares of the company. Banque Transatlantique SA bought a new position in Analog Devices during the fourth quarter valued at approximately $25,000. Hilton Head Capital Partners LLC bought a new position in Analog Devices during the fourth quarter valued at approximately $26,000. Gordian Capital Singapore Pte Ltd bought a new position in Analog Devices during the fourth quarter valued at approximately $27,000. Evolution Wealth Management Inc. bought a new position in Analog Devices during the first quarter valued at approximately $30,000. Finally, Y.D. More Investments Ltd acquired a new position in Analog Devices during the third quarter valued at approximately $32,000. 86.81% of the stock is owned by hedge funds and other institutional investors.

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.