Q2 EPS Estimates for Analog Devices Lifted by Zacks Research

Analog Devices, Inc. (NASDAQ:ADI) – Equities researchers at Zacks Research lifted their Q2 2026 earnings estimates for Analog Devices in a report released on Tuesday, December 16th. Zacks Research analyst Team now expects that the semiconductor company will post earnings per share of $2.32 for the quarter, up from their previous forecast of $2.20. Zacks Research has a “Hold” rating on the stock. The consensus estimate for Analog Devices’ current full-year earnings is $7.14 per share. Zacks Research also issued estimates for Analog Devices’ Q3 2026 earnings at $2.40 EPS, Q4 2026 earnings at $2.48 EPS, FY2026 earnings at $9.49 EPS, Q1 2027 earnings at $2.53 EPS, Q2 2027 earnings at $2.60 EPS, Q3 2027 earnings at $2.67 EPS, Q4 2027 earnings at $2.74 EPS, FY2027 earnings at $10.55 EPS and FY2028 earnings at $12.38 EPS.

Several other equities analysts also recently issued reports on ADI. JPMorgan Chase & Co. upped their price objective on shares of Analog Devices from $310.00 to $320.00 and gave the company an “overweight” rating in a report on Wednesday, November 26th. Evercore ISI dropped their target price on shares of Analog Devices from $303.00 to $282.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 25th. BNP Paribas began coverage on shares of Analog Devices in a research note on Tuesday, November 4th. They set an “outperform” rating and a $300.00 price target on the stock. Stifel Nicolaus set a $280.00 price objective on shares of Analog Devices in a research note on Friday, November 21st. Finally, UBS Group upped their target price on Analog Devices from $280.00 to $320.00 and gave the company a “buy” rating in a research report on Monday, December 8th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-three have assigned a Buy rating and eight have assigned a Hold rating to the company’s stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $287.22.

Analog Devices Trading Down 0.2%

Shares of NASDAQ:ADI opened at $274.44 on Thursday. The company has a debt-to-equity ratio of 0.24, a current ratio of 2.19 and a quick ratio of 1.68. The firm has a market capitalization of $134.38 billion, a P/E ratio of 60.18, a P/E/G ratio of 1.52 and a beta of 1.04. The business’s 50-day moving average is $250.17 and its 200 day moving average is $242.23. Analog Devices has a 1 year low of $158.65 and a 1 year high of $284.23.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings data on Tuesday, November 25th. The semiconductor company reported $2.26 EPS for the quarter, beating the consensus estimate of $2.22 by $0.04. The firm had revenue of $3.08 billion during the quarter, compared to analyst estimates 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 for the quarter was up 25.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.67 EPS.

Institutional Inflows and Outflows

A number of large investors have recently bought and sold shares of the stock. Norges Bank acquired a new stake in Analog Devices in the second quarter valued at approximately $1,803,377,000. Price T Rowe Associates Inc. MD raised its stake in shares of Analog Devices by 26.7% during the 1st 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 buying an additional 2,407,460 shares during the period. Amundi lifted its position in shares of Analog Devices by 44.8% during the 3rd quarter. Amundi now owns 6,215,129 shares of the semiconductor company’s stock valued at $1,507,740,000 after buying an additional 1,922,302 shares in the last quarter. Raymond James Financial Inc. lifted its position in shares of Analog Devices by 29.2% during the 3rd quarter. Raymond James Financial Inc. now owns 4,829,931 shares of the semiconductor company’s stock valued at $1,186,714,000 after buying an additional 1,091,004 shares in the last quarter. Finally, Marshall Wace LLP grew its stake in Analog Devices by 948.2% in the 2nd quarter. Marshall Wace LLP now owns 1,085,990 shares of the semiconductor company’s stock valued at $258,487,000 after acquiring an additional 982,385 shares during the period. 86.81% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Analog Devices

In other Analog Devices news, Director Ray Stata sold 3,125 shares of Analog Devices stock in a transaction dated Tuesday, December 16th. The stock was sold at an average price of $279.39, for a total transaction of $873,093.75. Following the completion of the transaction, the director owned 136,321 shares in the company, valued at approximately $38,086,724.19. This trade represents a 2.24% decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Edward H. Frank sold 1,000 shares of the business’s stock in a transaction dated Monday, October 6th. The shares were sold at an average price of $242.74, for a total value of $242,740.00. Following the completion of the transaction, the director directly owned 5,118 shares of the company’s stock, valued at approximately $1,242,343.32. This trade represents a 16.35% decrease in their position. The SEC filing for this sale provides additional information. Insiders sold a total of 40,419 shares of company stock valued at $10,249,017 over the last ninety days. Corporate insiders own 0.33% of the company’s stock.

Analog Devices Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Monday, December 22nd. Investors of record on Monday, December 8th will be issued a dividend of $0.99 per share. This represents a $3.96 annualized dividend and a dividend yield of 1.4%. The ex-dividend date of this dividend is Monday, December 8th. Analog Devices’s dividend payout ratio (DPR) is 86.84%.

Analog Devices News Roundup

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

• Positive Sentiment: BofA raised its price target to $320 (from $290) and kept a Buy rating — this signals confidence in a multi‑year, AI/upgrade-driven demand cycle that supports longer‑term upside. BofA Raises ADI Target
• Positive Sentiment: UBS lifted its target and reiterated a Buy — another major shop increasing its valuation supports positive analyst momentum and can attract institutional buying. UBS Lifts ADI Target
• Positive Sentiment: Truist raised its price target to $291 (from $258) — even though it remains a “Hold,” the higher target narrows upside risk and supports the stock at current levels. Truist Raises ADI Target
• Positive Sentiment: Zacks and other shops have raised several near‑term and multi‑year EPS estimates for ADI — upward revisions to earnings forecasts are supportive of valuation expansion and give analysts cover to lift targets. (Source: compile of Zacks/MarketBeat notes)
• Neutral Sentiment: Seeking Alpha notes “high growth across industrials” for ADI — thematic growth is encouraging, but execution and margin retention will determine stock impact. ADI Sees High Growth Across Industrials
• Neutral Sentiment: Valuation debate: a Yahoo Finance piece asks whether ADI’s ~110% five‑year run leaves substantial upside at current levels — raises the risk that momentum stalls if growth expectations slip. Has ADI’s 110% Five Year Surge Left Much Upside?
• Negative Sentiment: Insider selling: SVP Martin Cotter sold ~5,000 shares (~$1.36M) and director Ray Stata sold 3,125 shares (~$873k). While insider sales can be routine, clustered sales may raise short‑term sentiment pressure. Martin Cotter Sells ADI Stock Ray Stata Form 4

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.