Analog Devices (NASDAQ:ADI) Coverage Initiated by Analysts at BNP Paribas Exane

BNP Paribas Exane assumed coverage on shares of Analog Devices (NASDAQ:ADI) in a report published on Tuesday, Marketbeat Ratings reports. The brokerage issued an outperform rating and a $300.00 target price on the semiconductor company’s stock.

ADI has been the subject of a number of other research reports. Evercore ISI increased their target price on Analog Devices from $280.00 to $303.00 and gave the company an “outperform” rating in a research note on Thursday, August 21st. Citigroup reiterated a “buy” rating and issued a $290.00 target price (up previously from $260.00) on shares of Analog Devices in a research note on Monday, July 7th. JPMorgan Chase & Co. increased their target price on Analog Devices from $300.00 to $310.00 and gave the company an “overweight” rating in a research note on Thursday, August 21st. The Goldman Sachs Group started coverage on Analog Devices in a research note on Thursday, July 10th. They issued a “buy” rating and a $285.00 target price for the company. Finally, Cantor Fitzgerald boosted their price target on Analog Devices from $270.00 to $300.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 30th. Two research analysts have rated the stock with a Strong Buy rating, twenty-one have assigned a Buy rating and six have given a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $277.89.

Analog Devices Price Performance

ADI stock opened at $229.38 on Tuesday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.79 and a current ratio of 2.32. Analog Devices has a 1 year low of $158.65 and a 1 year high of $258.13. The firm has a market cap of $112.84 billion, a P/E ratio of 58.52, a price-to-earnings-growth ratio of 1.98 and a beta of 1.09. The stock has a 50-day simple moving average of $242.98 and a 200-day simple moving average of $231.29.

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

Analog Devices Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Tuesday, September 16th. Investors of record on Tuesday, September 2nd were paid a $0.99 dividend. The ex-dividend date was Tuesday, September 2nd. This represents a $3.96 annualized dividend and a dividend yield of 1.7%. Analog Devices’s payout ratio is 101.02%.

Insider Activity

In other Analog Devices news, Director Ray Stata sold 3,125 shares of the stock in a transaction that occurred on Wednesday, September 17th. The stock was sold at an average price of $246.92, for a total transaction of $771,625.00. Following the transaction, the director owned 155,071 shares of the company’s stock, valued at $38,290,131.32. This trade represents a 1.98% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the stock in a transaction that occurred on Monday, November 3rd. The stock was sold at an average price of $234.95, for a total value of $2,349,500.00. Following the transaction, the chief executive officer directly owned 163,640 shares in the company, valued at approximately $38,447,218. This represents a 5.76% decrease in their position. The disclosure for this sale is available in the SEC filing. Insiders have sold a total of 59,115 shares of company stock valued at $14,582,485 over the last three months. Company insiders own 0.33% of the company’s stock.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the company. Ashton Thomas Private Wealth LLC lifted its holdings in Analog Devices by 18.8% during the 3rd quarter. Ashton Thomas Private Wealth LLC now owns 20,734 shares of the semiconductor company’s stock worth $5,094,000 after buying an additional 3,286 shares during the last quarter. Penserra Capital Management LLC lifted its holdings in Analog Devices by 46.7% during the 3rd quarter. Penserra Capital Management LLC now owns 122,033 shares of the semiconductor company’s stock worth $29,982,000 after buying an additional 38,831 shares during the last quarter. Physician Wealth Advisors Inc. lifted its holdings in Analog Devices by 52.2% during the 3rd quarter. Physician Wealth Advisors Inc. now owns 280 shares of the semiconductor company’s stock worth $69,000 after buying an additional 96 shares during the last quarter. Raleigh Capital Management Inc. lifted its holdings in Analog Devices by 3,120.7% during the 3rd quarter. Raleigh Capital Management Inc. now owns 1,868 shares of the semiconductor company’s stock worth $459,000 after buying an additional 1,810 shares during the last quarter. Finally, SP Asset Management LLC lifted its holdings in Analog Devices by 0.4% during the 3rd quarter. SP Asset Management LLC now owns 73,764 shares of the semiconductor company’s stock worth $18,124,000 after buying an additional 281 shares during the last quarter. Institutional investors 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.