Analog Devices (NASDAQ:ADI) Rating Lowered to “Hold” at Wall Street Zen

Analog Devices (NASDAQ:ADI) was downgraded by equities researchers at Wall Street Zen from a “buy” rating to a “hold” rating in a research note issued to investors on Saturday, Wall Street Zen reports.

A number of other brokerages have also commented on ADI. Needham & Company LLC raised their price objective on Analog Devices from $440.00 to $450.00 and gave the stock a “buy” rating in a research report on Thursday, August 20th. The Goldman Sachs Group reaffirmed a “buy” rating and set a $480.00 target price (up from $450.00) on shares of Analog Devices in a research note on Wednesday, August 19th. Weiss Ratings upgraded Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a report on Friday, August 21st. Wells Fargo & Company dropped their target price on Analog Devices from $515.00 to $500.00 and set an “overweight” rating on the stock in a report on Thursday, August 20th. Finally, Morgan Stanley increased their price target on shares of Analog Devices from $428.00 to $458.00 and gave the stock an “overweight” rating in a research report on Thursday, August 20th. One research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Analog Devices has a consensus rating of “Moderate Buy” and a consensus target price of $460.55.

Analog Devices Price Performance

Shares of NASDAQ:ADI opened at $363.56 on Friday. The company’s fifty day moving average is $390.52 and its two-hundred day moving average is $373.48. The company has a quick ratio of 0.91, a current ratio of 1.25 and a debt-to-equity ratio of 0.20. Analog Devices has a 12-month low of $223.47 and a 12-month high of $445.91. The company has a market cap of $176.17 billion, a P/E ratio of 43.13, a price-to-earnings-growth ratio of 0.88 and a beta of 1.24.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $3.34 by $0.11. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The company had revenue of $4.02 billion during the quarter, compared to analyst estimates of $3.92 billion. During the same quarter in the prior year, the company earned $2.05 earnings per share. The company’s revenue for the quarter was up 39.2% on a year-over-year basis. Analog Devices has set its Q4 2026 guidance at 3.710-4.010 EPS. Equities analysts expect that Analog Devices will post 13.00 earnings per share for the current fiscal year.

Insider Buying and Selling at Analog Devices

In related news, insider Vivek Jain sold 3,305 shares of Analog Devices stock in a transaction on Thursday, October 8th. The stock was sold at an average price of $406.58, for a total transaction of $1,343,746.90. Following the completion of the sale, the insider owned 40,428 shares of the company’s stock, valued at approximately $16,437,216.24. This trade represents a 7.56% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Vincent Roche sold 10,000 shares of the business’s stock in a transaction dated Monday, November 2nd. The shares were sold at an average price of $425.46, for a total value of $4,254,600.00. Following the completion of the transaction, the chief executive officer owned 125,670 shares in the company, valued at $53,467,558.20. This trade represents a 7.37% decrease in their position. The SEC filing for this sale provides additional information. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders sold 52,436 shares of company stock valued at $20,681,906 in the last quarter. Corporate insiders own 0.36% of the company’s stock.

Institutional Investors Weigh In On Analog Devices

Hedge funds and other institutional investors have recently made changes to their positions in the company. Rasp Wealth Solutions LLC increased its stake in shares of Analog Devices by 6.2% in the third quarter. Rasp Wealth Solutions LLC now owns 850 shares of the semiconductor company’s stock worth $337,000 after purchasing an additional 50 shares during the period. McKinney Capital Management LLC lifted its position in shares of Analog Devices by 4.6% during the 3rd quarter. McKinney Capital Management LLC now owns 1,135 shares of the semiconductor company’s stock worth $450,000 after purchasing an additional 50 shares during the last quarter. Cornerstone Advisory LLC boosted its stake in Analog Devices by 34.1% during the 3rd quarter. Cornerstone Advisory LLC now owns 782 shares of the semiconductor company’s stock valued at $310,000 after purchasing an additional 199 shares during the period. Ibex Wealth Advisors bought a new stake in Analog Devices during the 3rd quarter valued at approximately $390,000. Finally, Cornerstone Advisors LLC boosted its stake in Analog Devices by 45.6% during the 3rd quarter. Cornerstone Advisors LLC now owns 33,246 shares of the semiconductor company’s stock valued at $13,189,000 after purchasing an additional 10,406 shares during the period. 86.81% of the stock is owned by hedge funds and other institutional investors.

Analog Devices Company Profile

Analog Devices, Inc designs and manufactures semiconductor products that help customers sense, measure, interpret and process real-world signals. Its offerings include analog and mixed-signal integrated circuits, power management products, radio-frequency technology, sensors and digital signal processing solutions.

The company’s products are used in industrial automation, automotive systems, communications infrastructure, healthcare equipment, consumer devices and aerospace and defense applications.