Analog Devices (NASDAQ:ADI) Upgraded to “Buy” at Arete Research

Arete Research upgraded shares of Analog Devices (NASDAQ:ADI) from a neutral rating to a buy rating in a report published on Monday morning, Marketbeat.com reports. They currently have $389.00 price objective on the semiconductor company’s stock.

ADI has been the topic of a number of other research reports. Stifel Nicolaus set a $405.00 price target on shares of Analog Devices and gave the company a “buy” rating in a research note on Wednesday, February 18th. Truist Financial upped their price objective on shares of Analog Devices from $291.00 to $364.00 and gave the stock a “hold” rating in a research report on Thursday, February 19th. KeyCorp lifted their target price on shares of Analog Devices from $375.00 to $430.00 and gave the company an “overweight” rating in a research report on Thursday, February 19th. Needham & Company LLC raised shares of Analog Devices from a “hold” rating to a “buy” rating and set a $400.00 target price for the company in a research note on Thursday, February 19th. Finally, UBS Group upped their price target on shares of Analog Devices from $400.00 to $430.00 and gave the stock a “buy” rating in a research report on Thursday, February 19th. Three analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and three have given a Hold rating to the stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Buy” and an average target price of $367.81.

Analog Devices Price Performance

Shares of NASDAQ:ADI opened at $303.10 on Monday. Analog Devices has a twelve month low of $158.65 and a twelve month high of $363.20. The company’s 50 day moving average is $324.00 and its 200 day moving average is $280.41. The company has a current ratio of 1.76, a quick ratio of 1.35 and a debt-to-equity ratio of 0.21. The company has a market cap of $147.97 billion, a PE ratio of 55.41, a price-to-earnings-growth ratio of 1.41 and a beta of 1.00.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, February 18th. The semiconductor company reported $2.46 EPS for the quarter, beating the consensus estimate of $2.31 by $0.15. Analog Devices had a net margin of 23.02% and a return on equity of 12.49%. The business had revenue of $3.16 billion during the quarter, compared to analysts’ expectations of $3.10 billion. During the same period in the previous year, the business posted $1.63 EPS. The business’s quarterly revenue was up 30.4% compared to the same quarter last year. Analog Devices has set its Q2 2026 guidance at 2.730-3.030 EPS. On average, sell-side analysts forecast that Analog Devices will post 7.14 EPS for the current year.

Analog Devices Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Tuesday, March 17th. Shareholders of record on Tuesday, March 3rd were paid a dividend of $1.10 per share. This represents a $4.40 dividend on an annualized basis and a yield of 1.5%. This is a boost from Analog Devices’s previous quarterly dividend of $0.99. The ex-dividend date of this dividend was Tuesday, March 3rd. Analog Devices’s payout ratio is presently 80.44%.

Insiders Place Their Bets

In other Analog Devices news, Director Ray Stata sold 3,125 shares of the company’s stock in a transaction on Wednesday, February 4th. The stock was sold at an average price of $317.30, for a total transaction of $991,562.50. Following the transaction, the director directly owned 123,821 shares in the company, valued at $39,288,403.30. This represents a 2.46% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP Martin Cotter sold 10,000 shares of the business’s stock in a transaction dated Monday, January 5th. The stock was sold at an average price of $278.44, for a total transaction of $2,784,400.00. Following the sale, the senior vice president owned 49,664 shares in the company, valued at $13,828,444.16. This trade represents a 16.76% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. Over the last quarter, insiders have sold 41,449 shares of company stock worth $12,336,069. Corporate insiders own 0.36% of the company’s stock.

Institutional Trading of Analog Devices

A number of large investors have recently made changes to their positions in the company. Vanguard Group Inc. raised its holdings in Analog Devices by 1.0% during the fourth quarter. Vanguard Group Inc. now owns 50,893,276 shares of the semiconductor company’s stock worth $13,802,256,000 after purchasing an additional 503,970 shares during the last quarter. State Street Corp grew its holdings in Analog Devices by 0.4% in the fourth quarter. State Street Corp now owns 23,487,584 shares of the semiconductor company’s stock valued at $6,369,833,000 after purchasing an additional 88,538 shares during the last quarter. Morgan Stanley increased its position in shares of Analog Devices by 1.9% in the fourth quarter. Morgan Stanley now owns 10,450,624 shares of the semiconductor company’s stock valued at $2,834,210,000 after buying an additional 194,535 shares in the last quarter. Bank of America Corp DE raised its stake in shares of Analog Devices by 42.8% during the 4th quarter. Bank of America Corp DE now owns 9,715,095 shares of the semiconductor company’s stock worth $2,634,734,000 after buying an additional 2,912,666 shares during the last quarter. Finally, Norges Bank acquired a new position in shares of Analog Devices during the 4th quarter worth $2,215,516,000. 86.81% of the stock is owned by institutional investors and hedge funds.

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.