Analog Devices (NASDAQ:ADI) Upgraded by Wells Fargo & Company to Overweight Rating

Wells Fargo & Company upgraded shares of Analog Devices (NASDAQ:ADI) from an equal weight rating to an overweight rating in a report published on Thursday morning, MarketBeat Ratings reports. The firm currently has $340.00 price objective on the semiconductor company’s stock, up from their previous price objective of $265.00.

ADI has been the topic of several other reports. Morgan Stanley increased their price target on shares of Analog Devices from $288.00 to $293.00 and gave the company an “overweight” rating in a research report on Wednesday, November 26th. Sanford C. Bernstein reissued a “market perform” rating and issued a $270.00 price target on shares of Analog Devices in a report on Wednesday, November 26th. Evercore ISI reduced their price objective on Analog Devices from $303.00 to $282.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 25th. Stifel Nicolaus set a $280.00 price objective on Analog Devices in a research report on Friday, November 21st. Finally, BNP Paribas began coverage on shares of Analog Devices in a report on Tuesday, November 4th. They issued an “outperform” rating and a $300.00 target price on the stock. Three research analysts have rated the stock with a Strong Buy rating, twenty-four have given a Buy rating and six have given a Hold rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $302.43.

Analog Devices Stock Up 1.9%

ADI opened at $307.78 on Thursday. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.68 and a current ratio of 2.19. The company has a market cap of $150.71 billion, a price-to-earnings ratio of 67.62, a PEG ratio of 1.62 and a beta of 1.03. Analog Devices has a one year low of $158.65 and a one year high of $305.61. The business’s fifty day moving average is $267.82 and its two-hundred day moving average is $249.56.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings results on Tuesday, November 25th. The semiconductor company reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $2.22 by $0.04. The business had revenue of $3.08 billion during the quarter, compared to the consensus estimate of $3.02 billion. Analog Devices had a return on equity of 11.23% and a net margin of 20.58%.The business’s revenue was up 25.9% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.67 EPS. Analysts anticipate that Analog Devices will post 7.14 EPS for the current fiscal year.

Analog Devices Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Monday, December 22nd. Investors of record on Monday, December 8th were given a dividend of $0.99 per share. The ex-dividend date of this dividend was Monday, December 8th. This represents a $3.96 annualized dividend and a yield of 1.3%. Analog Devices’s dividend payout ratio is 86.84%.

Insider Buying and Selling

In other Analog Devices news, SVP Katsufumi Nakamura sold 500 shares of the business’s stock in a transaction dated Friday, January 9th. The stock was sold at an average price of $301.46, for a total transaction of $150,730.00. Following the completion of the sale, the senior vice president owned 12,710 shares of the company’s stock, valued at approximately $3,831,556.60. The trade was a 3.79% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CAO Michael Sondel sold 8,169 shares of the firm’s stock in a transaction dated Wednesday, December 10th. The stock was sold at an average price of $278.03, for a total value of $2,271,227.07. Following the completion of the transaction, the chief accounting officer owned 18,913 shares in the company, valued at approximately $5,258,381.39. This trade represents a 30.16% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders have sold 53,544 shares of company stock worth $14,328,561 over the last 90 days. Company insiders own 0.33% of the company’s stock.

Institutional Investors Weigh In On Analog Devices

Several hedge funds have recently modified their holdings of the stock. Solstein Capital LLC lifted its position in Analog Devices by 2.0% in the second quarter. Solstein Capital LLC now owns 2,307 shares of the semiconductor company’s stock worth $549,000 after purchasing an additional 46 shares during the period. SG Americas Securities LLC raised its stake in shares of Analog Devices by 684.6% in the 3rd quarter. SG Americas Securities LLC now owns 862,314 shares of the semiconductor company’s stock valued at $211,871,000 after buying an additional 752,411 shares in the last quarter. Voya Investment Management LLC boosted its position in shares of Analog Devices by 22.3% during the 3rd quarter. Voya Investment Management LLC now owns 1,293,403 shares of the semiconductor company’s stock valued at $317,789,000 after acquiring an additional 236,211 shares in the last quarter. Robeco Institutional Asset Management B.V. increased its stake in Analog Devices by 55.0% in the third quarter. Robeco Institutional Asset Management B.V. now owns 1,204,226 shares of the semiconductor company’s stock valued at $295,878,000 after acquiring an additional 427,467 shares during the period. Finally, Cerity Partners LLC raised its position in Analog Devices by 15.5% in the third quarter. Cerity Partners LLC now owns 303,069 shares of the semiconductor company’s stock worth $74,463,000 after purchasing an additional 40,738 shares in the last quarter. 86.81% of the stock is currently owned by hedge funds and other institutional investors.

Key Headlines Impacting Analog Devices

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

• Positive Sentiment: Wells Fargo upgraded ADI from “equal weight” to “overweight” and raised its price target to $340 (from $265), a clear near-term bullish signal that can drive buying interest. Wells Fargo upgrade
• Positive Sentiment: KeyCorp reiterated an “Overweight” rating and issued aggressive multi-year EPS forecasts and a $375 target — this elevates growth expectations and supports a higher valuation. KeyCorp coverage / MarketBeat ADI page
• Positive Sentiment: Fundamentals remain supportive: ADI beat November-quarter revenue and EPS estimates and showed strong year-over-year revenue growth, reinforcing margin and cash-flow confidence. Earnings recap
• Positive Sentiment: Industry tailwinds — analysts call out ADI’s exposure to vehicle electronics and higher content for Level 2+ ADAS as a structural growth driver that can support revenue and multiple expansion. Automotive growth thesis (Zacks)
• Neutral Sentiment: Market technicals: ADI is trading near its 52-week high on heavy volume — momentum amplifies moves but increases short-term volatility risk for traders. Market action note (Zacks)
• Negative Sentiment: Insider selling: Director Ray Stata disclosed a 3,125-share sale (and other small insider sales were reported). While modest versus total holdings, these disclosures can be interpreted negatively by some investors. Ray Stata Form 4 / SEC
• Negative Sentiment: Valuation and payout risks: ADI trades at a rich P/E and a high dividend payout ratio (~87%), which could cap upside or amplify downside if growth slows or if capital-return expectations change. Valuation concerns (Yahoo)

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.