Analog Devices (NASDAQ:ADI) Updates Q1 Earnings Guidance

Analog Devices (NASDAQ:ADI) updated its first quarter earnings guidance on Tuesday. The company provided earnings per share (EPS) guidance of $1.43-1.63 for the period, compared to the consensus estimate of $1.55. The company issued revenue guidance of $2.25-2.45 billion, compared to the consensus revenue estimate of $2.34 billion. Analog Devices also updated its Q1 2025 guidance to 1.430-1.630 EPS.

Wall Street Analysts Forecast Growth

ADI has been the subject of a number of analyst reports. Bank of America cut their price target on Analog Devices from $260.00 to $255.00 and set a “buy” rating for the company in a research note on Thursday, August 22nd. Needham & Company LLC reiterated a “hold” rating on shares of Analog Devices in a report on Thursday, August 22nd. JPMorgan Chase & Co. lifted their price objective on shares of Analog Devices from $260.00 to $280.00 and gave the stock an “overweight” rating in a report on Thursday, August 22nd. Cantor Fitzgerald reiterated a “neutral” rating and issued a $250.00 target price on shares of Analog Devices in a report on Tuesday, October 8th. Finally, Oppenheimer restated an “outperform” rating and set a $245.00 price target on shares of Analog Devices in a report on Thursday, August 22nd. Six investment analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $252.05.

Analog Devices Stock Up 4.2 %

ADI opened at $223.58 on Tuesday. The company has a quick ratio of 1.24, a current ratio of 1.69 and a debt-to-equity ratio of 0.19. The business’s fifty day simple moving average is $224.88 and its 200 day simple moving average is $225.84. Analog Devices has a 52 week low of $179.63 and a 52 week high of $244.14. The stock has a market cap of $111.01 billion, a PE ratio of 67.14, a P/E/G ratio of 3.02 and a beta of 1.08.

Insiders Place Their Bets

In other news, Director Edward H. Frank sold 995 shares of the company’s stock in a transaction dated Thursday, August 29th. The shares were sold at an average price of $234.31, for a total transaction of $233,138.45. Following the completion of the transaction, the director now directly owns 3,753 shares of the company’s stock, valued at approximately $879,365.43. This represents a 20.96 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Vincent Roche sold 10,000 shares of the firm’s stock in a transaction dated Tuesday, September 3rd. The stock was sold at an average price of $228.69, for a total value of $2,286,900.00. Following the completion of the sale, the chief executive officer now directly owns 51,039 shares in the company, valued at $11,672,108.91. The trade was a 16.38 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 110,995 shares of company stock valued at $25,116,338 over the last three months. Insiders own 0.31% of the company’s stock.

About Analog Devices

Analog Devices, Inc designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs.