Analog Devices (NASDAQ:ADI) Price Target Raised to $285.00

Analog Devices (NASDAQ:ADI) had its price target boosted by Benchmark from $260.00 to $285.00 in a research report sent to investors on Thursday morning,Benzinga reports. The firm currently has a buy rating on the semiconductor company’s stock.

ADI has been the topic of a number of other reports. KeyCorp upped their target price on shares of Analog Devices from $285.00 to $300.00 and gave the company an “overweight” rating in a research report on Tuesday, July 8th. Citigroup reiterated a “buy” rating and issued a $290.00 price target (up from $260.00) on shares of Analog Devices in a research report on Monday, July 7th. Cowen reiterated a “buy” rating on shares of Analog Devices in a research report on Friday, May 23rd. Wall Street Zen upgraded shares of Analog Devices from a “hold” rating to a “buy” rating in a research report on Saturday, May 24th. Finally, Raymond James Financial upgraded shares of Analog Devices from a “moderate buy” rating to a “strong-buy” rating in a research report on Wednesday, June 18th. One analyst has rated the stock with a Strong Buy rating, eighteen have issued a Buy rating and six have assigned a Hold rating to the company’s stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and an average price target of $273.53.

Analog Devices Stock Performance

Analog Devices stock opened at $252.20 on Thursday. The company has a current ratio of 2.32, a quick ratio of 1.51 and a debt-to-equity ratio of 0.24. Analog Devices has a 1 year low of $158.65 and a 1 year high of $257.22. The company has a market cap of $124.07 billion, a PE ratio of 64.34, a PEG ratio of 2.24 and a beta of 1.05. The company’s 50-day moving average is $234.80 and its two-hundred day moving average is $217.40.

Analog Devices (NASDAQ:ADI) last released 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 net margin of 18.85% and a return on equity of 10.32%. The company had revenue of $2.88 billion for the quarter, compared to the consensus estimate of $2.76 billion. During the same period in the prior year, the company posted $1.58 EPS. The company’s revenue 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. Equities analysts anticipate that Analog Devices will post 7.14 earnings per share for the current year.

Analog Devices Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Tuesday, September 16th. Stockholders of record on Tuesday, September 2nd will be given a dividend of $0.99 per share. The ex-dividend date of this dividend is Tuesday, September 2nd. This represents a $3.96 annualized dividend and a dividend yield of 1.6%. Analog Devices’s dividend payout ratio is currently 101.02%.

Insider Activity at Analog Devices

In related news, Director Ray Stata sold 3,125 shares of the firm’s stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $239.23, for a total transaction of $747,593.75. Following the sale, the director directly owned 167,571 shares in the company, valued at $40,088,010.33. This trade represents a 1.83% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 0.33% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Analog Devices

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc. raised its holdings in shares of Analog Devices by 1.5% during the second quarter. Vanguard Group Inc. now owns 50,227,231 shares of the semiconductor company’s stock worth $11,955,086,000 after acquiring an additional 761,861 shares during the period. State Street Corp raised its holdings in shares of Analog Devices by 2.2% during the second quarter. State Street Corp now owns 23,317,256 shares of the semiconductor company’s stock worth $5,549,973,000 after acquiring an additional 506,507 shares during the period. Geode Capital Management LLC raised its holdings in shares of Analog Devices by 5.7% during the second quarter. Geode Capital Management LLC now owns 11,687,660 shares of the semiconductor company’s stock worth $2,770,448,000 after acquiring an additional 633,425 shares during the period. Price T Rowe Associates Inc. MD raised its holdings in shares of Analog Devices by 26.7% during the first quarter. Price T Rowe Associates Inc. MD now owns 11,425,084 shares of the semiconductor company’s stock worth $2,304,098,000 after acquiring an additional 2,407,460 shares during the period. Finally, Norges Bank acquired a new stake in shares of Analog Devices during the second quarter worth $1,803,377,000. 86.81% of the stock is currently owned by institutional investors and hedge funds.

Analog Devices Company Profile

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.