Analog Devices (NASDAQ:ADI) Receives Overweight Rating from Cantor Fitzgerald

Analog Devices (NASDAQ:ADI)‘s stock had its “overweight” rating restated by investment analysts at Cantor Fitzgerald in a research report issued on Monday,Benzinga reports. They currently have a $550.00 target price on the semiconductor company’s stock. Cantor Fitzgerald’s price target suggests a potential upside of 41.25% from the company’s current price.

Several other equities research analysts have also recently issued reports on ADI. Raymond James Financial reissued an “outperform” rating and issued a $430.00 target price on shares of Analog Devices in a research report on Thursday, May 21st. Wells Fargo & Company upped their price target on shares of Analog Devices from $470.00 to $515.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. Needham & Company LLC increased their price target on shares of Analog Devices from $400.00 to $440.00 and gave the stock a “buy” rating in a research note on Thursday, May 21st. Weiss Ratings lowered shares of Analog Devices from a “buy (b-)” rating to a “hold (c+)” rating in a report on Tuesday, July 28th. Finally, Sanford C. Bernstein reissued a “market perform” rating and set a $430.00 price objective on shares of Analog Devices in a research note on Thursday, May 21st. Two equities research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and four have assigned a Hold rating to the company. According to MarketBeat.com, Analog Devices presently has a consensus rating of “Moderate Buy” and a consensus price target of $441.00.

Analog Devices Stock Performance

NASDAQ ADI opened at $389.39 on Monday. The business’s 50-day moving average price is $391.20 and its 200 day moving average price is $369.27. Analog Devices has a twelve month low of $223.47 and a twelve month high of $445.91. The company has a market capitalization of $189.67 billion, a PE ratio of 57.86, a price-to-earnings-growth ratio of 1.01 and a beta of 1.20. The company has a current ratio of 1.75, a quick ratio of 1.34 and a debt-to-equity ratio of 0.21.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.89 by $0.20. The firm had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.51 billion. Analog Devices had a return on equity of 14.37% and a net margin of 26.01%.The firm’s quarterly revenue was up 37.2% on a year-over-year basis. During the same period last year, the company earned $1.85 EPS. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. On average, research analysts predict that Analog Devices will post 12.42 earnings per share for the current year.

Insider Activity

In other news, Director Ray Stata sold 1,416 shares of the company’s stock in a transaction on Tuesday, August 4th. The shares were sold at an average price of $377.37, for a total value of $534,355.92. Following the completion of the transaction, the director directly owned 114,511 shares in the company, valued at approximately $43,213,016.07. This represents a 1.22% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction on Monday, August 3rd. The shares were sold at an average price of $363.00, for a total transaction of $3,630,000.00. Following the sale, the chief executive officer directly owned 137,538 shares of the company’s stock, valued at approximately $49,926,294. The trade was a 6.78% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 105,274 shares of company stock worth $42,247,986 over the last three months. Insiders own 0.36% 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 ADI. Banque Transatlantique SA acquired a new stake in shares of Analog Devices during the fourth quarter valued at about $25,000. Contravisory Investment Management Inc. acquired a new position in shares of Analog Devices in the second quarter worth about $25,000. Manning & Napier Advisors LLC purchased a new position in Analog Devices in the second quarter valued at about $25,000. Hilton Head Capital Partners LLC acquired a new stake in Analog Devices during the 4th quarter valued at approximately $26,000. Finally, Gordian Capital Singapore Pte Ltd acquired a new stake in Analog Devices during the 4th quarter valued at approximately $27,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analog Devices Company Profile

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.