Stifel Reiterates Buy Rating on Analog Devices, Inc. (ADI)
Stifel maintains its buy rating on ADI with a $498 price target, a 19.51% upside from the current price.
Key Points
- Stifel reiterated its buy rating on Analog Devices, Inc. (ADI) with a $498 price target on June 24, 2026.
- Stifel's $498 price target implies 19.51% upside from Analog Devices, Inc.'s ($ADI) current $416.69 share price.
- Shares of ADI traded near $405.35 on Wednesday, with a market cap of approximately $217 billion and a P/E ratio of 66.2.
- Major institutional investors adjusted their positions in ADI, with BlackRock reducing its stake and Geode Capital Management increasing its holdings.
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Stifel reiterated its buy rating on Analog Devices, Inc. (NasdaqGS: ADI) on June 24, 2026, setting a price target of $498. The move signals continued confidence in the semiconductor company's prospects.
Stifel vs. the S&P 500
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Other Institutional Activity in Analog Devices, Inc.
Several major institutional investors have adjusted their holdings in Analog Devices. BlackRock, Inc. trimmed its position by 142,652 shares, ending with 43,112,917 shares valued at about $13.72 billion, a slight 0.3% decrease. Meanwhile, Vanguard Capital Management LLC opened a new position with 31,739,071 shares worth approximately $10.10 billion. State Street Corp reduced its stake by 428,915 shares, holding 23,058,669 shares valued at $7.34 billion, a 1.8% decrease. JPMorgan Chase & Co also decreased its holdings by 1,735,896 shares, finishing with 20,732,781 shares worth $6.28 billion, a 7.7% reduction. In contrast, Geode Capital Management, LLC increased its position by 229,621 shares to 12,170,756 shares, valued at about $3.86 billion, a 1.9% increase.
Analog Devices, Inc. Stock Up 15.2%
Shares of Analog Devices traded near $405.35 on Wednesday. The company boasts a market cap of approximately $217 billion and a P/E ratio of 66.2, with a forward P/E of 30.1. Its beta is 1.183, indicating moderate volatility. The stock's 52-week range spans from $218.37 to $445.83, with a 50-day moving average of $400.81 and a 200-day moving average of $310.51. The company maintains a healthy current ratio of 1.75 and a quick ratio of 1.23, with a debt-to-equity ratio of 25.81.
$ADI price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Analog Devices reported revenue of $12.74 billion with a growth rate of 37.2%. The company achieved an EPS of $6.73, with a net margin of 26.0% and a return on equity (ROE) of 9.64%. The next earnings report is scheduled for August 19, 2026.
Earnings drift grade
Outlook vs expectations on the last report — not price action.
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Forward outlook
13 analysts raised price targets.
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EPS & revenue
EPS beat estimates by 5.3%. Revenue beat estimates by 2.1%.
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Profit surprise
EBITDA missed by 3 percent. Operating income missed by 14 percent.
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Pre-earnings setup
Bar was high, analysts already very bullish.
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Analyst signal
13 target raises.
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Earnings quality
Gross margin up 6.3 points. Operating margin up 12.4 points. Positive free cash flow.
Earnings Call Summary
Analog delivered record $3.62 billion in revenue, up 37 percent year over year and beating expectations. Industrial segment led the way up 56 percent, while data center surged 90 percent. The company is investing in AI, automation, energy systems, and healthcare, and just announced the acquisition of Empower Semiconductor to fill gaps in power-delivery technology for data centers. Management said demand is strong across all markets and they have ample capacity and supply-chain resilience to keep growing.
Guidance They guided for about $3.09 billion in revenue next quarter, above consensus. They expect mid- to high-single-digit growth in industrial and automotive, with communications up low- to mid-teens. Management sees capacity to support up to $20 billion revenue by 2030 and continues building both internal and external manufacturing.
Slightly positive report. The quarter was acceptable, but the forward setup is not strong.
Dividend
Analog Devices offers an annual dividend rate of $4.40, yielding 1.01%. The dividend payout ratio stands at 60.57%.
Insider Buying and Selling at Analog Devices, Inc.
Recent insider transactions at Analog Devices include planned sales by Karen Golz of 1,000 shares at an average price of $411.95 on June 12, 2026. Ray Stata sold 1,416 shares at $398.11 on June 10 and 1,432 shares at $400.82 on June 9, both under planned transactions. Martin Cotter, SVP of Vertical Business Units, bought 17,594 shares at $83.48 and sold the same amount at $418.00 on June 2.
Analysts Set New Price Targets
On June 24, 2026, Stifel maintained its buy rating on Analog Devices with a $498 price target. JP Morgan, Evercore ISI Group, Citigroup, and Wells Fargo all maintained buy ratings with targets ranging from $450 to $515. The consensus recommendation remains a buy, with an average target price of $450.73 among 30 analysts.
About Analog Devices, Inc.
Analog Devices, Inc. is a leading technology company headquartered in Wilmington, Massachusetts. It designs, manufactures, and markets integrated circuits and solutions for various applications, including automotive, communications, and consumer markets. With a workforce of 24,500 employees, the company is helmed by CEO Vincent T. Roche.
Bottom Line
Stifel's reiterated buy rating and $498 price target reflect ongoing confidence in Analog Devices, Inc. Despite some institutional shifts, the company maintains a strong market position. As always, 13F filings provide a historical snapshot and may not indicate current positions.
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