Analog Devices (NASDAQ:ADI) Given New $240.00 Price Target at Barclays

Analog Devices (NASDAQ:ADI) had its price objective upped by Barclays from $185.00 to $240.00 in a report released on Thursday morning,Benzinga reports. Barclays currently has an equal weight rating on the semiconductor company’s stock.

Other equities analysts have also issued reports about the company. Needham & Company LLC reiterated a “hold” rating on shares of Analog Devices in a research note on Thursday. Cowen restated a “buy” rating on shares of Analog Devices in a report on Friday, May 23rd. Keefe, Bruyette & Woods upgraded shares of Analog Devices to an “outperform” rating in a report on Wednesday, June 18th. Benchmark raised their target price on shares of Analog Devices from $260.00 to $285.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, Stifel Nicolaus boosted their target price on shares of Analog Devices from $248.00 to $270.00 and gave the company a “buy” rating in a report on Friday, July 18th. One investment analyst has rated the stock with a Strong Buy rating, eighteen have assigned a Buy rating and six have assigned a Hold rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $273.53.

Analog Devices Stock Performance

Shares of NASDAQ ADI opened at $246.95 on Thursday. The company has a 50-day simple moving average of $234.26 and a 200-day simple moving average of $217.03. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.32 and a quick ratio of 1.51. The company has a market cap of $122.55 billion, a PE ratio of 63.00, a price-to-earnings-growth ratio of 2.25 and a beta of 1.05. Analog Devices has a 12 month low of $158.65 and a 12 month high of $250.18.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, August 20th. The semiconductor company reported $2.05 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.95 by $0.10. The business had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.76 billion. Analog Devices had a net margin of 18.85% and a return on equity of 10.32%. The company’s quarterly revenue was up 24.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.58 earnings per share. Analog Devices has set its Q4 2025 guidance at 2.120-2.320 EPS. On average, equities analysts anticipate that Analog Devices will post 7.14 earnings per share for the current year.

Analog Devices Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a $0.99 dividend. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $3.96 annualized dividend and a dividend yield of 1.6%. Analog Devices’s dividend payout ratio is presently 107.90%.

Insider Activity at Analog Devices

In related news, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $239.23, for a total transaction of $747,593.75. Following the transaction, the director owned 167,571 shares in the company, valued at approximately $40,088,010.33. The trade was a 1.83% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate 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 ADI. Howard Hughes Medical Institute purchased a new position in Analog Devices in the second quarter valued at about $25,000. Activest Wealth Management raised its position in shares of Analog Devices by 6,350.0% in the 1st quarter. Activest Wealth Management now owns 129 shares of the semiconductor company’s stock valued at $26,000 after purchasing an additional 127 shares in the last quarter. RMG Wealth Management LLC purchased a new position in shares of Analog Devices during the 2nd quarter valued at approximately $26,000. Orion Capital Management LLC acquired a new stake in shares of Analog Devices during the fourth quarter worth approximately $27,000. Finally, Menard Financial Group LLC bought a new stake in shares of Analog Devices in the fourth quarter worth $27,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

About Analog Devices

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.