Analog Devices (NASDAQ:ADI) Coverage Initiated by Analysts at Roth Capital

Equities researchers at Roth Capital started coverage on shares of Analog Devices (NASDAQ:ADI) in a research report issued on Friday, Briefing.com reports. The brokerage set a “buy” rating and a $505.00 price target on the semiconductor company’s stock. Roth Capital‘s price target suggests a potential upside of 23.38% from the company’s previous close.

Several other equities research analysts have also commented on the company. Morgan Stanley boosted their price target on Analog Devices from $428.00 to $458.00 and gave the stock an “overweight” rating in a research note on Thursday, August 20th. The Goldman Sachs Group reaffirmed a “buy” rating and issued a $480.00 price objective (up from $450.00) on shares of Analog Devices in a research note on Wednesday, August 19th. Wells Fargo & Company reduced their price objective on Analog Devices from $515.00 to $500.00 and set an “overweight” rating for the company in a report on Thursday, August 20th. Wall Street Zen downgraded Analog Devices from a “buy” rating to a “hold” rating in a research report on Saturday, November 7th. Finally, Piper Sandler set a $460.00 target price on Analog Devices in a report on Tuesday, September 8th. Thirty equities research analysts have rated the stock with a Buy rating and four have issued a Hold rating to the company’s stock. According to MarketBeat, Analog Devices has a consensus rating of “Moderate Buy” and an average target price of $461.85.

Analog Devices Stock Up 0.1%

Shares of NASDAQ ADI opened at $409.29 on Friday. 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 52 week low of $224.25 and a 52 week high of $445.91. The firm has a 50-day moving average price of $393.97 and a 200 day moving average price of $375.40. The stock has a market capitalization of $198.33 billion, a price-to-earnings ratio of 48.55, a price-to-earnings-growth ratio of 0.99 and a beta of 1.24.

Analog Devices (NASDAQ:ADI) last released its quarterly earnings data on Wednesday, August 19th. The semiconductor company reported $3.45 EPS for the quarter, topping analysts’ consensus estimates of $3.34 by $0.11. Analog Devices had a net margin of 29.79% and a return on equity of 16.39%. The firm had revenue of $4.02 billion for the quarter, compared to the consensus estimate of $3.92 billion. During the same quarter in the previous year, the firm earned $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 anticipate that Analog Devices will post 12.88 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, CFO Richard Puccio, Jr. sold 1,500 shares of the firm’s stock in a transaction that occurred on Tuesday, October 20th. The shares were sold at an average price of $389.46, for a total transaction of $584,190.00. Following the completion of the transaction, the chief financial officer directly owned 48,177 shares of the company’s stock, valued at $18,763,014.42. This trade represents a 3.02% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Also, insider Katsufumi Nakamura sold 1,200 shares of the firm’s stock in a transaction that occurred on Friday, October 2nd. The stock was sold at an average price of $415.02, for a total transaction of $498,024.00. Following the transaction, the insider directly owned 14,849 shares of the company’s stock, valued at approximately $6,162,631.98. This trade represents a 7.48% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Over the last ninety days, insiders sold 52,436 shares of company stock valued at $20,681,906. Corporate insiders own 0.36% of the company’s stock.

Hedge Funds Weigh In On Analog Devices

Hedge funds have recently bought and sold shares of the stock. Xcelsior Advisor Partners LLC boosted its stake in shares of Analog Devices by 400.4% during the third quarter. Xcelsior Advisor Partners LLC now owns 18,295 shares of the semiconductor company’s stock valued at $7,258,000 after acquiring an additional 14,639 shares during the last quarter. Bleakley Financial Group LLC raised its stake in Analog Devices by 41.6% in the 3rd quarter. Bleakley Financial Group LLC now owns 18,730 shares of the semiconductor company’s stock valued at $7,431,000 after purchasing an additional 5,498 shares during the last quarter. One Wealth Advisors LLC raised its stake in Analog Devices by 62.8% in the 3rd quarter. One Wealth Advisors LLC now owns 1,472 shares of the semiconductor company’s stock valued at $584,000 after purchasing an additional 568 shares during the last quarter. Lifeworks Advisors LLC lifted its holdings in Analog Devices by 27.5% in the 3rd quarter. Lifeworks Advisors LLC now owns 1,007 shares of the semiconductor company’s stock valued at $400,000 after purchasing an additional 217 shares in the last quarter. Finally, Twin Peaks Wealth Advisors LLC lifted its holdings in Analog Devices by 34.0% in the 3rd quarter. Twin Peaks Wealth Advisors LLC now owns 874 shares of the semiconductor company’s stock valued at $345,000 after purchasing an additional 222 shares in the last quarter. Hedge funds and other institutional investors own 86.81% of the company’s stock.

About Analog Devices

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.