Analog Devices (NASDAQ:ADI) Downgraded by Wall Street Zen to Hold

Wall Street Zen cut shares of Analog Devices (NASDAQ:ADI) from a buy rating to a hold rating in a research report released on Saturday morning,Wall Street Zen reports.

A number of other research firms have also recently issued reports on ADI. Stifel Nicolaus increased their price target on Analog Devices from $450.00 to $498.00 and gave the stock a “buy” rating in a report on Wednesday, June 24th. Robert W. Baird raised their price objective on shares of Analog Devices from $450.00 to $675.00 and gave the stock an “outperform” rating in a research report on Monday, August 24th. The Goldman Sachs Group reiterated a “buy” rating and set a $480.00 price objective (up from $450.00) on shares of Analog Devices in a report on Wednesday, August 19th. JPMorgan Chase & Co. increased their price objective on shares of Analog Devices from $450.00 to $500.00 and gave the stock an “overweight” rating in a research report on Thursday, August 20th. Finally, Seaport Research Partners upgraded Analog Devices from a “neutral” rating to a “buy” rating and set a $425.00 target price for the company in a research note on Thursday, August 20th. One equities research analyst has rated the stock with a Strong Buy rating, twenty-nine have issued a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $460.09.

Analog Devices Stock Down 2.1%

Shares of NASDAQ:ADI opened at $395.44 on Friday. Analog Devices has a 1 year low of $223.47 and a 1 year high of $445.91. The company has a debt-to-equity ratio of 0.20, a current ratio of 1.25 and a quick ratio of 0.91. The business’s 50-day moving average is $382.76 and its 200-day moving average is $386.52. The company has a market capitalization of $191.62 billion, a price-to-earnings ratio of 46.91, a P/E/G ratio of 1.22 and a beta of 1.22.

Analog Devices (NASDAQ:ADI) last released its earnings results on Wednesday, August 19th. The semiconductor company reported $3.45 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 business had revenue of $4.02 billion during the quarter, compared to analysts’ expectations of $3.92 billion. During the same quarter last year, the firm posted $2.05 earnings per share. The firm’s revenue 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 research analysts predict that Analog Devices will post 12.99 earnings per share for the current year.

Analog Devices Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Tuesday, September 15th. Investors of record on Tuesday, September 1st were issued a $1.10 dividend. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date was Tuesday, September 1st. Analog Devices’s dividend payout ratio (DPR) is currently 52.19%.

Insider Buying and Selling

In related news, CEO Vincent Roche sold 10,000 shares of Analog Devices stock in a transaction on Thursday, October 1st. The shares were sold at an average price of $396.94, for a total value of $3,969,400.00. Following the completion of the sale, the chief executive officer owned 115,460 shares of the company’s stock, valued at approximately $45,830,692.40. This trade represents a 7.97% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, CFO Richard 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 completion of the transaction, the chief financial officer directly owned 54,177 shares in the company, valued at $20,292,537.12. This trade represents a 4.72% decrease in their ownership of the stock. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold a total of 50,936 shares of company stock worth $19,430,764 in the last ninety days. Corporate insiders own 0.36% of the company’s stock.

Institutional Trading of Analog Devices

Several institutional investors and hedge funds have recently made changes to their positions in the company. Brown Lisle Cummings Inc. increased its stake in shares of Analog Devices by 13.2% during the 3rd quarter. Brown Lisle Cummings Inc. now owns 1,285 shares of the semiconductor company’s stock worth $510,000 after purchasing an additional 150 shares during the last quarter. Robertson Stephens Wealth Management LLC raised its holdings in shares of Analog Devices by 71.0% in the 3rd quarter. Robertson Stephens Wealth Management LLC now owns 4,613 shares of the semiconductor company’s stock worth $1,830,000 after purchasing an additional 1,916 shares during the period. Encompass More Asset Management lifted its stake in Analog Devices by 4.7% in the third quarter. Encompass More Asset Management now owns 862 shares of the semiconductor company’s stock valued at $342,000 after purchasing an additional 39 shares during the last quarter. Birch Hill Investment Advisors LLC lifted its stake in Analog Devices by 18.5% in the third quarter. Birch Hill Investment Advisors LLC now owns 133,793 shares of the semiconductor company’s stock valued at $53,077,000 after purchasing an additional 20,889 shares during the last quarter. Finally, USA Financial Formulas bought a new position in Analog Devices during the third quarter valued at $1,200,000. Hedge funds and other institutional investors own 86.81% of the company’s stock.

Key Headlines Impacting Analog Devices

Here are the key news stories impacting Analog Devices this week:

• Positive Sentiment: KeyCorp sharply increased its long-term earnings forecast. The firm raised its FY2027 EPS estimate to $17.88 from $15.32, implying substantially stronger expected profitability. It also lifted estimates for every quarter from Q4 2026 through Q4 2027, citing a more favorable outlook for Analog Devices’ earnings trajectory. KeyBanc keeps USD 525 target for Analog Devices stock
• Positive Sentiment: Near-term estimates were also raised. KeyCorp increased its FY2026 EPS forecast to $13.06 from $12.62 and raised its Q4 2026 estimate to $4.07 from $3.67. Forecasts for Q1 through Q4 2027 were raised to $4.17, $4.35, $4.63 and $4.74, respectively. These revisions put KeyCorp’s estimates above the current full-year consensus of $12.99 and reinforce its $525 target.
• Positive Sentiment: Analog Devices is partnering with InoBat on battery energy-storage systems for AI data centers. The collaboration could provide exposure to growing data-center power and energy-storage demand, although the announcement did not disclose financial terms or expected revenue. InoBat, Analog Devices to team up on BESS for AI data centres
• Neutral Sentiment: The stock has recently traded below KeyCorp’s $525 price objective, but the shares decreased even as analysts raised earnings expectations. That divergence suggests investors may be focused on valuation, broader semiconductor-market conditions or profit-taking rather than the upgraded forecasts alone.

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.