Analog Devices Stock Performance
Analog Devices, Inc. has demonstrated strong momentum across multiple timeframes, with shares trading at $406.19, per SID market data. Over the trailing twelve months, ADI has gained 46.34%, significantly outperforming broader semiconductor benchmarks. The stock has added 12.44% over the past month and 5.23% over the past three months, reflecting sustained investor demand. From a technical perspective, ADI trades above both its 50-day moving average of $380.12 and its 200-day moving average of $368.30, confirming a bullish trend structure according to Massive/Polygon data. The 14-day relative strength index stands at 66.3, approaching but not yet entering overbought territory above 70. Average daily trading volume registers at approximately 4.09 million shares, supporting orderly price discovery. The stock carries a beta of 1.031, indicating volatility broadly in line with the overall market.
Analog Devices Valuation Analysis
Analog Devices currently commands a market capitalization of approximately $174.2 billion, positioning it among the largest analog semiconductor companies globally, per SID market data. The stock trades at a price-to-earnings ratio of 64.26, reflecting a premium valuation relative to historical norms for the semiconductor sector. The PEG ratio stands at 3.24, suggesting that the current earnings multiple significantly exceeds the company's projected earnings growth rate, according to SEC filings. ADI's price-to-book ratio of 5.15 incorporates goodwill and intangible assets accumulated through major acquisitions, including the Maxim Integrated merger. The company offers a dividend yield of 1.11%, providing a modest income component for shareholders. This elevated valuation profile indicates that the market is pricing in expectations for meaningful earnings recovery and growth from the cyclical trough, as ADI's recent quarterly earnings trajectory has shown sequential acceleration in profitability.
Smart Money Activity for ADI
Smart money indicators for Analog Devices present a mixed picture, with the composite smart money score registering at 48 out of 100, signaling a neutral overall stance, per SID market data. Institutional ownership conviction scores a perfect 25 out of 25, reflecting strong positioning among large fund managers, according to 13F institutional filings. However, insider activity paints a contrasting narrative, scoring just 2.7 out of 25. SEC Form 4 filings reveal 20 insider transactions over the past 90 days, comprising 19 sales and only 1 purchase, indicating a pronounced selling trend among company executives and directors. Congressional trading activity scores 12.0 out of 25, representing moderate legislative interest. Dark pool activity registers at 8.5 out of 25, suggesting below-average institutional block trading relative to peers. The divergence between robust institutional ownership and persistent insider selling creates a notable tension in the smart money signal, warranting continued monitoring of Form 4 disclosures for shifts in insider sentiment.
Analog Devices Earnings Outlook
Analog Devices has delivered three consecutive quarters of earnings beats, demonstrating accelerating fundamental recovery, according to company earnings reports. In the most recent reported quarter, ADI posted earnings per share of $3.45, exceeding the consensus estimate of $3.34 by $0.11. The prior quarter saw EPS of $3.09 against expectations of $2.90, a $0.19 positive surprise, while the quarter before that delivered $2.46 versus $2.31 estimated, a $0.15 beat. This sequential EPS progression from $2.46 to $3.09 to $3.45 represents a 40.2% increase over three quarters, reflecting improving end-market demand across industrial, automotive, and communications segments. Looking ahead, analyst estimates project EPS of $2.89 for the upcoming quarter ending May 2026, per analyst estimates. The consistent pattern of outperformance suggests conservative guidance practices and strengthening order trends across ADI's diversified customer base.
Wall Street Analyst Ratings for ADI
Wall Street consensus on Analog Devices remains firmly constructive, with recent analyst actions uniformly reflecting positive sentiment, per Wall Street analyst reports. On September 8, 2026, TD Cowen reiterated its Buy rating, while Baird maintained an Outperform rating on August 24. BMO Capital initiated coverage with an Outperform rating on August 21, adding another bullish voice to the coverage universe. Wells Fargo maintained an Overweight rating on August 20, reinforcing its above-consensus conviction. Most notably, Bernstein upgraded ADI from Market Perform to Outperform on August 20, representing the sole rating change among recent actions and signaling improved confidence in the company's growth trajectory, according to SID consensus data. Across these five most recent analyst actions, all five carry bullish-equivalent ratings, with zero Hold or Sell recommendations represented. The Bernstein upgrade is particularly significant as it converts a previously neutral voice into a positive one, broadening the bullish consensus among sell-side coverage analysts.