KeyCorp Issues Positive Estimate for Analog Devices Earnings

Analog Devices, Inc. (NASDAQ:ADI) – KeyCorp increased their FY2026 earnings per share estimates for Analog Devices in a research note issued on Wednesday, October 14th. KeyCorp analyst J. Vinh now expects that the semiconductor company will post earnings of $13.06 per share for the year, up from their prior estimate of $12.62. KeyCorp currently has an “Overweight” rating and a $525.00 target price on the stock. The consensus estimate for Analog Devices’ current full-year earnings is $12.99 per share. KeyCorp also issued estimates for Analog Devices’ Q4 2026 earnings at $4.07 EPS, Q1 2027 earnings at $4.17 EPS, Q2 2027 earnings at $4.35 EPS, Q3 2027 earnings at $4.63 EPS, Q4 2027 earnings at $4.74 EPS and FY2027 earnings at $17.88 EPS.

Several other research firms have also weighed in on ADI. Morgan Stanley upped their price objective on shares of Analog Devices from $428.00 to $458.00 and gave the company an “overweight” rating in a research note on Thursday, August 20th. BMO Capital Markets initiated coverage on shares of Analog Devices in a research note on Thursday, August 20th. They set an “outperform” rating and a $430.00 target price for the company. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $480.00 price target (up from $450.00) on shares of Analog Devices in a research note on Wednesday, August 19th. TD Cowen upped their price target on shares of Analog Devices from $460.00 to $475.00 and gave the stock a “buy” rating in a research note on Monday. Finally, Evercore cut their price objective on Analog Devices from $474.00 to $462.00 and set an “outperform” rating for the company in a 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 issued a Hold rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $460.55.

Analog Devices Stock Performance

ADI stock opened at $397.05 on Monday. The firm has a 50 day simple moving average of $383.20 and a 200 day simple moving average of $388.18. Analog Devices has a 52 week low of $223.47 and a 52 week high of $445.91. The stock has a market cap of $192.40 billion, a P/E ratio of 35.02, a P/E/G ratio of 1.21 and a beta of 1.22. The company has a debt-to-equity ratio of 0.20, a quick ratio of 0.91 and a current ratio of 1.25.

Analog Devices (NASDAQ:ADI) last announced its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 earnings per share (EPS) for the quarter, topping the consensus estimate of $3.34 by $0.11. Analog Devices had a return on equity of 16.39% and a net margin of 29.79%. The firm had revenue of $4.02 billion during the quarter, compared to the consensus estimate of $3.92 billion. During the same period in the prior year, the business earned $2.05 EPS. The business’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.

Analog Devices Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were given a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date of this dividend was Tuesday, September 1st. Analog Devices’s dividend payout ratio (DPR) is presently 52.19%.

Insider Activity at Analog Devices

In other news, insider Vivek Jain sold 3,305 shares of the stock in a transaction on Thursday, October 8th. The shares were sold at an average price of $406.58, for a total transaction of $1,343,746.90. Following the transaction, the insider owned 40,428 shares in the company, valued at $16,437,216.24. This represents a 7.56% decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CFO Richard C. Puccio, Jr. sold 2,683 shares of the firm’s stock in a transaction on Wednesday, August 26th. The shares were sold at an average price of $374.56, for a total transaction of $1,004,944.48. Following the transaction, the chief financial officer owned 54,177 shares in the company, valued at $20,292,537.12. This represents a 4.72% 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. Over the last quarter, insiders have sold 50,936 shares of company stock valued at $19,430,764. 0.36% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Analog Devices

Several institutional investors and hedge funds have recently modified their holdings of the business. BlackRock Inc. acquired a new stake in Analog Devices during the 2nd quarter valued at approximately $18,610,868,000. Bank of America Corp DE bought a new position in Analog Devices during the 2nd quarter worth approximately $3,573,081,000. Van ECK Associates Corp lifted its position in shares of Analog Devices by 24.7% in the 2nd quarter. Van ECK Associates Corp now owns 8,422,883 shares of the semiconductor company’s stock worth $3,345,316,000 after purchasing an additional 1,670,957 shares during the period. Amundi lifted its position in shares of Analog Devices by 5.3% in the 1st quarter. Amundi now owns 5,044,271 shares of the semiconductor company’s stock worth $1,604,771,000 after purchasing an additional 254,632 shares during the period. Finally, Legal & General Group Plc bought a new stake in shares of Analog Devices in the 2nd quarter valued at $1,525,167,000. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analog Devices Company Profile

Analog Devices, Inc (NASDAQ: ADI) is a global semiconductor company that designs and manufactures analog, mixed-signal and digital signal-processing technologies. Its products convert, condition and process real-world signals such as temperature, pressure, sound, motion, light and electrical power, helping electronic systems interpret and respond to physical environments.

The company offers a broad portfolio of integrated circuits, power-management products, amplifiers, data converters, sensors, radio-frequency and microwave components, connectivity solutions and embedded processors.