KeyCorp Comments on Analog Devices’ Q3 Earnings (NASDAQ:ADI)

Analog Devices, Inc. (NASDAQ:ADI) – Equities researchers at KeyCorp upped their Q3 2026 earnings per share (EPS) estimates for shares of Analog Devices in a report issued on Monday, July 13th. KeyCorp analyst J. Vinh now anticipates that the semiconductor company will post earnings of $3.41 per share for the quarter, up from their previous forecast of $3.02. KeyCorp has a “Overweight” rating and a $525.00 price objective on the stock. The consensus estimate for Analog Devices’ current full-year earnings is $12.43 per share. KeyCorp also issued estimates for Analog Devices’ Q4 2026 earnings at $3.67 EPS, FY2026 earnings at $12.62 EPS, Q1 2027 earnings at $3.62 EPS, Q2 2027 earnings at $3.74 EPS, Q3 2027 earnings at $3.95 EPS, Q4 2027 earnings at $4.01 EPS and FY2027 earnings at $15.32 EPS.

Several other research analysts also recently issued reports on ADI. Wall Street Zen upgraded shares of Analog Devices from a “hold” rating to a “buy” rating in a report on Sunday, May 24th. Weiss Ratings upgraded shares of Analog Devices from a “hold (c+)” rating to a “buy (b-)” rating in a research note on Wednesday, July 8th. Needham & Company LLC lifted their target price on Analog Devices from $400.00 to $440.00 and gave the stock a “buy” rating in a research report on Thursday, May 21st. Truist Financial boosted their price target on Analog Devices from $364.00 to $405.00 and gave the company a “hold” rating in a research note on Wednesday, May 20th. Finally, TD Cowen upped their price target on Analog Devices from $450.00 to $460.00 and gave the company a “buy” rating in a report on Monday, July 13th. Two research analysts have rated the stock with a Strong Buy rating, twenty-four have assigned a Buy rating and three have given a Hold rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $441.00.

Analog Devices Price Performance

NASDAQ:ADI opened at $375.36 on Thursday. The stock has a market cap of $182.83 billion, a P/E ratio of 55.77, a PEG ratio of 1.06 and a beta of 1.18. Analog Devices has a one year low of $218.37 and a one year high of $445.91. The company has a fifty day moving average price of $406.43 and a 200 day moving average price of $356.96. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.75 and a quick ratio of 1.34.

Analog Devices (NASDAQ:ADI) last issued its quarterly earnings results on Wednesday, May 20th. The semiconductor company reported $3.09 EPS for the quarter, topping analysts’ consensus estimates of $2.89 by $0.20. The company had revenue of $3.62 billion during 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%.The company’s quarterly revenue was up 37.2% compared to the same quarter last year. During the same period in the previous year, the company earned $1.85 earnings per share. Analog Devices has set its Q3 2026 guidance at 3.150-3.450 EPS.

Institutional Investors Weigh In On Analog Devices

Institutional investors have recently added to or reduced their stakes in the stock. Norges Bank bought a new stake in Analog Devices in the fourth quarter valued at $2,215,516,000. Bank of America Corp DE raised its stake in Analog Devices by 42.8% during the fourth quarter. Bank of America Corp DE now owns 9,715,095 shares of the semiconductor company’s stock worth $2,634,734,000 after acquiring an additional 2,912,666 shares in the last quarter. Amundi lifted its holdings in shares of Analog Devices by 44.8% during the third quarter. Amundi now owns 6,215,129 shares of the semiconductor company’s stock valued at $1,507,740,000 after acquiring an additional 1,922,302 shares during the period. Raymond James Financial Inc. lifted its holdings in shares of Analog Devices by 29.2% during the third quarter. Raymond James Financial Inc. now owns 4,829,931 shares of the semiconductor company’s stock valued at $1,186,714,000 after acquiring an additional 1,091,004 shares during the period. Finally, Northwestern Mutual Wealth Management Co. boosted its stake in shares of Analog Devices by 3,456.2% in the 4th quarter. Northwestern Mutual Wealth Management Co. now owns 1,059,726 shares of the semiconductor company’s stock valued at $287,398,000 after purchasing an additional 1,029,927 shares in the last quarter. 86.81% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Analog Devices

In related news, CEO Vincent Roche sold 30,000 shares of the company’s stock in a transaction dated Tuesday, May 26th. The shares were sold at an average price of $415.13, for a total value of $12,453,900.00. Following the sale, the chief executive officer owned 137,538 shares of the company’s stock, valued at $57,096,149.94. The trade was a 17.91% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Karen Golz sold 1,000 shares of the stock in a transaction dated Monday, July 13th. The stock was sold at an average price of $389.83, for a total transaction of $389,830.00. Following the completion of the transaction, the director directly owned 11,019 shares of the company’s stock, valued at $4,295,536.77. This trade represents a 8.32% decrease in their position. 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 90 days, insiders have sold 103,858 shares of company stock worth $42,062,730. Corporate insiders own 0.36% of the company’s stock.

Analog Devices Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Tuesday, June 16th. Stockholders of record on Tuesday, June 2nd were paid a $1.10 dividend. The ex-dividend date was Tuesday, June 2nd. This represents a $4.40 dividend on an annualized basis and a dividend yield of 1.2%. Analog Devices’s dividend payout ratio is currently 65.38%.

Key Analog Devices News

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

• Positive Sentiment: KeyCorp lifted its earnings estimates for Analog Devices across FY2026, FY2027 and several interim quarters, signaling stronger expected demand and profitability ahead. Analog Devices analyst estimate update
• Positive Sentiment: KeyCorp reaffirmed an Overweight rating and a $525 target price, which implies meaningful upside versus the current trading range. Analog Devices analyst rating and target
• Positive Sentiment: Earlier coverage highlighted ADI’s expanding liquidity via a new $3 billion credit line and its planned Empower Semiconductor deal, which could help fund growth in industrial and AI data center markets. ADI credit line and AI power deal article
• Neutral Sentiment: Recent articles comparing ADI with other technology peers suggest the stock’s relative performance is being watched closely, but they do not point to a specific new company event. ADI peer performance article
• Negative Sentiment: ADI recently underperformed the broader market in a session cited by market coverage, reflecting some near-term selling pressure in the stock. ADI declines more than market article

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.