Analog Devices (NASDAQ:ADI) Sets New 1-Year High – Time to Buy?

Shares of Analog Devices, Inc. (NASDAQ:ADI) hit a new 52-week high during mid-day trading on Monday . The company traded as high as $440.62 and last traded at $439.6460, with a volume of 27345 shares traded. The stock had previously closed at $434.46.

Analysts Set New Price Targets

A number of analysts recently weighed in on ADI shares. Needham & Company LLC lifted their price target on Analog Devices from $400.00 to $440.00 and gave the company a “buy” rating in a research note on Thursday, May 21st. Evercore reissued an “outperform” rating and issued a $474.00 target price on shares of Analog Devices in a report on Thursday, May 21st. The Goldman Sachs Group restated a “buy” rating and set a $450.00 target price on shares of Analog Devices in a research report on Wednesday, May 20th. Stifel Nicolaus upped their price target on shares of Analog Devices from $405.00 to $450.00 and gave the stock a “buy” rating in a research note on Monday, May 18th. Finally, Wall Street Zen upgraded shares of Analog Devices from a “hold” rating to a “buy” rating in a report on Sunday, May 24th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have assigned a Hold rating to the company’s stock. According to data from MarketBeat, Analog Devices currently has a consensus rating of “Moderate Buy” and a consensus target price of $432.71.

Analog Devices Stock Performance

The firm has a fifty day moving average of $404.57 and a 200-day moving average of $343.31. The company has a quick ratio of 1.34, a current ratio of 1.75 and a debt-to-equity ratio of 0.21. The stock has a market capitalization of $198.37 billion, a price-to-earnings ratio of 60.51, a PEG ratio of 1.25 and a beta of 1.18.

Analog Devices (NASDAQ:ADI) last posted its earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 earnings per share for the quarter, beating the consensus estimate of $2.89 by $0.20. The company had revenue of $3.62 billion for the quarter, compared to analyst estimates of $3.51 billion. Analog Devices had a return on equity of 14.37% and a net margin of 26.01%.Analog Devices’s revenue was up 37.2% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.85 earnings per share. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS. As a group, sell-side analysts anticipate that Analog Devices, Inc. will post 12.41 EPS for the current year.

Analog Devices Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, June 16th. Shareholders of record on Tuesday, June 2nd were issued a dividend of $1.10 per share. This represents a $4.40 annualized dividend and a yield of 1.1%. The ex-dividend date was Tuesday, June 2nd. Analog Devices’s dividend payout ratio (DPR) is 65.38%.

Insider Buying and Selling at Analog Devices

In other Analog Devices news, SVP Martin Cotter sold 17,594 shares of the company’s stock in a transaction dated Tuesday, June 2nd. The shares were sold at an average price of $418.00, for a total value of $7,354,292.00. Following the sale, the senior vice president owned 56,332 shares of the company’s stock, valued at $23,546,776. This represents a 23.80% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Karen Golz sold 1,000 shares of the stock in a transaction that occurred on Friday, June 12th. The shares were sold at an average price of $411.95, for a total transaction of $411,950.00. Following the completion of the sale, the director owned 12,019 shares in the company, valued at $4,951,227.05. This represents a 7.68% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. In the last three months, insiders have sold 101,442 shares of company stock worth $40,422,954. 0.36% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Analog Devices

A number of large investors have recently bought and sold shares of the stock. Sapient Capital LLC increased its position in Analog Devices by 52.6% during the first quarter. Sapient Capital LLC now owns 3,079 shares of the semiconductor company’s stock worth $980,000 after buying an additional 1,061 shares in the last quarter. Western Wealth Management LLC lifted its position in shares of Analog Devices by 60.0% in the first quarter. Western Wealth Management LLC now owns 2,729 shares of the semiconductor company’s stock valued at $868,000 after acquiring an additional 1,023 shares in the last quarter. FAS Wealth Partners Inc. boosted its stake in shares of Analog Devices by 2.8% during the first quarter. FAS Wealth Partners Inc. now owns 1,300 shares of the semiconductor company’s stock valued at $413,000 after acquiring an additional 35 shares during the last quarter. Rathbones Group PLC increased its position in Analog Devices by 7.7% during the 1st quarter. Rathbones Group PLC now owns 1,395 shares of the semiconductor company’s stock worth $444,000 after purchasing an additional 100 shares in the last quarter. Finally, Farmers National Bank increased its position in Analog Devices by 11.7% during the 1st quarter. Farmers National Bank now owns 10,001 shares of the semiconductor company’s stock worth $3,182,000 after purchasing an additional 1,047 shares in the last quarter. Institutional investors and hedge funds own 86.81% of the company’s stock.

Analog Devices Company Profile

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.