JPMorgan Chase & Co. Increases Analog Devices (NASDAQ:ADI) Price Target to $450.00

Analog Devices (NASDAQ:ADI) had its price objective lifted by equities researchers at JPMorgan Chase & Co. from $400.00 to $450.00 in a note issued to investors on Tuesday,Benzinga reports. The brokerage currently has an “overweight” rating on the semiconductor company’s stock. JPMorgan Chase & Co.‘s target price indicates a potential upside of 8.15% from the stock’s current price.

A number of other analysts have also commented on ADI. Argus set a $460.00 price objective on Analog Devices in a research note on Tuesday. Cantor Fitzgerald increased their target price on Analog Devices from $400.00 to $510.00 and gave the stock an “overweight” rating in a research report on Wednesday, May 13th. Needham & Company LLC increased their target price on Analog Devices from $400.00 to $440.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. The Goldman Sachs Group reiterated a “buy” rating and set a $450.00 target price on shares of Analog Devices in a research report on Wednesday, May 20th. Finally, KeyCorp increased their target price on Analog Devices from $430.00 to $500.00 and gave the stock an “overweight” rating in a research report on Thursday, May 21st. Two analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating and three have assigned a Hold rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $432.71.

Analog Devices Price Performance

Shares of ADI traded up $19.01 during trading hours on Tuesday, reaching $416.08. 2,436,154 shares of the company traded hands, compared to its average volume of 3,951,911. The company has a quick ratio of 1.35, a current ratio of 1.75 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $202.67 billion, a PE ratio of 61.82, a price-to-earnings-growth ratio of 1.32 and a beta of 1.19. Analog Devices has a fifty-two week low of $210.80 and a fifty-two week high of $435.72. The stock has a fifty day simple moving average of $363.42 and a 200 day simple moving average of $317.55.

Analog Devices (NASDAQ:ADI) last posted its quarterly earnings data on Wednesday, May 20th. The semiconductor company reported $3.09 EPS for the quarter, beating analysts’ consensus estimates of $2.89 by $0.20. The business 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 business’s revenue for the quarter was up 37.2% compared to the same quarter last year. During the same quarter last year, the company earned $1.85 earnings per share. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. As a group, research analysts predict that Analog Devices will post 12.06 EPS for the current fiscal year.

Insider Transactions at Analog Devices

In other news, CAO Michael Sondel sold 4,199 shares of the firm’s stock in a transaction dated Wednesday, February 25th. The stock was sold at an average price of $361.02, for a total value of $1,515,922.98. Following the transaction, the chief accounting officer directly owned 14,740 shares in the company, valued at $5,321,434.80. This trade represents a 22.17% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, 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 value of $3,979,100.00. Following the completion of the transaction, the chief executive officer owned 187,538 shares in the company, valued at approximately $74,623,245.58. This trade represents a 5.06% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Over the last 90 days, insiders sold 24,199 shares of company stock worth $8,676,423. Company insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On Analog Devices

A number of large investors have recently modified their holdings of the company. Vanguard Group Inc. raised its holdings in shares of Analog Devices by 1.0% in the 4th 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 period. State Street Corp grew its stake in shares of 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 buying an additional 88,538 shares in the last quarter. Morgan Stanley lifted its position in Analog Devices by 1.9% during the 4th quarter. Morgan Stanley now owns 10,450,624 shares of the semiconductor company’s stock worth $2,834,210,000 after acquiring an additional 194,535 shares in the last quarter. Bank of America Corp DE boosted its holdings in Analog Devices by 5.2% in the 1st quarter. Bank of America Corp DE now owns 10,216,699 shares of the semiconductor company’s stock worth $3,250,341,000 after acquiring an additional 501,604 shares during the period. Finally, Norges Bank purchased a new position in Analog Devices in the 4th quarter worth approximately $2,215,516,000. 86.81% of the stock is currently 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.