Analog Devices (ADI) Stock Near Record High as Wall Street Weighs Earnings Momentum, AI Upside and Rich Valuation

Published: November 28, 2025

Analog Devices, Inc. (NASDAQ: ADI) pushed toward fresh 52‑week highs on Friday, November 28, 2025, as investors continued to digest the chipmaker’s strong fiscal 2025 earnings, upbeat guidance and expanding role in artificial intelligence and industrial automation.

By late session, ADI was trading around $265 per share, up roughly 3% on the day, on volume of about 2.6 million shares, according to real‑time market data. ^[1] That move leaves the stock just below its recent 52‑week high near $265.75 and about 65% above its 52‑week low of $158.65. ^[2]

The rally comes in a broader risk‑on session for U.S. equities. The S&P 500, Dow and Nasdaq all touched two‑week highs on Friday, with semiconductor stocks leading gains; Analog Devices and Micron Technology both climbed more than 2% as traders rotated into chip names. ^[3]

Analog Devices Stock Today: Price, Valuation and Dividend Snapshot

Market trackers show ADI changing hands around $265–266 with an intraday range near $258 to $267, putting the stock essentially at a new all‑time high. ^[4]

Key metrics as of November 28, 2025:

Share price: ≈ $265
Day’s range: about $258.04 – $265.75
52‑week range:$158.65 – $265.75 ^[5]
Market cap: roughly $130 billion ^[6]
Trailing 12‑month revenue: ≈ $11.0 billion
Trailing net income: ≈ $2.27 billion ^[7]
Trailing P/E: around 58x, with a forward P/E near 27x ^[8]
Dividend:$3.96 per share annually (yield ~1.5%), with the next ex‑dividend date on December 8, 2025. ^[9]

On the Street, consensus still leans bullish. MarketBeat reports that Wall Street analysts collectively rate ADI a “Moderate Buy”, with 2 Strong Buy, 22 Buy and 9 Hold ratings and an average price target of $281.87, implying about 6% upside from current levels. ^[10]

Earnings Momentum: Q4 2025 Beat and Strong 2026 Guidance

The current leg of the rally is anchored in Analog Devices’ recently reported fourth quarter and full‑year fiscal 2025 results.

According to Zacks’ earnings recap, for the quarter ended November 1, 2025, ADI delivered: ^[11]

Non‑GAAP EPS:$2.26, beating the consensus estimate by about 2% and up from $1.67 a year earlier.
Revenue:$3.08 billion, topping expectations and growing 26% year‑over‑year from $2.44 billion.
Gross margin (adjusted): ~69.8%, up about 190 basis points year over year.
Operating margin (adjusted): ~43.5%, up roughly 240 basis points.

Revenue growth was broad‑based across end markets: ^[12]

Industrial: $1.43B (46% of revenue), +34% YoY
Automotive: $852M (28%), +19% YoY
Communications: $390M (13%), +37% YoY
Consumer: $408M (13%), +7% YoY

ChartMill notes that ADI also beat both revenue and EPS estimates and issued better‑than‑expected guidance for the upcoming quarter, with Q1 2026 revenue guidance centered around $3.10 billion, roughly 4–5% above analyst expectations. ^[13]

A separate overview of the fiscal year from TipRanks highlights: ^[14]

Full‑year revenue above $11 billion, up around 17% year over year.
Record free cash flow over $4 billion, about 39% of revenue.
Gross margin around 69.3%, up roughly 140 basis points for the year.

Management emphasized strong demand across industrial automation, communications infrastructure and automotive applications, particularly in areas linked to AI, data center, and advanced driver‑assistance systems.

Fresh Commentary on November 28: Momentum, Ratings and AI Story

1. Technical momentum and break‑out patterns

A new report from ChartMill released Friday argues that Analog Devices ticks most of Mark Minervini’s “trend template” boxes, combining strong technical momentum with accelerating fundamentals. ^[15]

Key observations from that piece include:

ADI trades above its 50‑, 150‑ and 200‑day moving averages, all of which are sloping upward—a classic hallmark of a sustained uptrend.
Shares sit just ~1% below the 52‑week high of $260.74–265.75 while remaining more than 60% above the 52‑week low, indicating leadership rather than a late‑cycle rebound. ^[16]
Recent quarterly EPS growth exceeded 30% and revenue growth approached 26%, with ADI beating EPS estimates in each of the last four quarters. ^[17]

ChartMill assigns ADI a 6/10 technical score, noting that while the long‑term trend is solid and volume is supporting the move, the stock is now close to resistance, and a short‑term pause or pullback would not be surprising after the recent surge. ^[18]

Investor’s Business Daily also reported on Friday that ADI’s Relative Strength (RS) Rating has been upgraded from 67 to 72, placing it ahead of roughly 72% of the market over the last year. The publication notes that ADI broke out past a $258.13 flat‑base buy point and remains within the recommended buy zone above that level. ^[19]

2. AI positioning and “picks and shovels” role

Zacks highlighted Analog Devices alongside Nvidia and Micron as one of three AI stocks to buy to “boost and reenergize” portfolios, emphasizing ADI’s role in providing high‑performance analog and mixed‑signal chips that feed into AI data centers, 5G infrastructure and smart industrial systems. ^[20]

Recent coverage on Seeking Alpha has similarly framed Analog Devices as an “AI infrastructure enabler”, citing robust 2025 growth and a diversified, long‑duration demand pipeline across industrial and automotive markets that should benefit from AI‑driven automation and sensing. ^[21]

3. Fundamental quality: GF Score lights up

A GuruFocus article published Friday gives ADI a GF Score of 94 out of 100, one of the highest tiers in its system, indicating a strong probability of long‑term outperformance based on historical back‑tests. ^[22]

Within that composite score, Analog Devices earns: ^[23]

Financial strength: 7/10
Profitability: 9/10
Growth: 10/10
Momentum: 8/10

GuruFocus cites ADI’s operating margin above 27%, robust interest coverage and an Altman Z‑Score over 6, suggesting low financial distress risk, along with a market cap near $129 billion and sales around $11 billion. ^[24]

Valuation Debate: Is ADI Priced for Perfection?

Not all of today’s commentary is unreservedly bullish. A new Simply Wall St analysis published November 28 asks whether Analog Devices’ 11% rally over the past week has pushed the stock too far above its intrinsic value. ^[25]

Using a discounted cash‑flow model, the article estimates ADI’s fair value at about $162.59 per share, implying the current price represents roughly a 59% premium. It also notes that: ^[26]

ADI trades at a P/E of 55–58x, versus a semiconductor industry average around 36x.
Simply Wall St’s proprietary “Fair PE Ratio” for ADI is 37.9x, suggesting the stock is expensive relative to its own growth and risk profile.

Their conclusion: “OVERVALUED” based on both DCF and P/E frameworks, with the stock “trading at a significant premium to what would be considered fair given its underlying fundamentals.” ^[27]

Even GuruFocus, while extremely positive on quality and growth, gives ADI only a mid‑range GF Value rank of 5/10, hinting that the shares may not be a bargain at current levels despite their strong GF Score. ^[28]

In short, the fundamental story is excellent, but the valuation is now the central debate: investors must decide whether sustained double‑digit growth and AI exposure justify a near‑60x trailing earnings multiple and a rich premium to peers.

Institutional Buying, Insider Selling and Analyst Targets

Friday’s news flow also highlighted fresh institutional activity in the name.

MarketBeat reported that Global Retirement Partners LLC recently initiated a new position of 5,221 ADI shares, valued at approximately $1.24 million, during the second quarter. Several other institutions modestly increased their stakes, bringing institutional ownership to about 86.8% of outstanding shares. ^[29]

At the same time, there has been meaningful insider selling:

Directors Edward Frank and Ray Stata have sold shares in recent months at prices around $230–243, with total insider sales reaching roughly 39,750 shares worth about $9.6 million over the last quarter. ^[30]

While insider selling does not automatically signal trouble—it can reflect diversification or personal liquidity needs—some investors may see it as a counter‑weight to the institutional accumulation and bullish analyst commentary.

On the analyst front, MarketBeat’s data show: ^[31]

Consensus rating: Moderate Buy
Ratings mix: 2 Strong Buy, 22 Buy, 9 Hold
Average price target:$281.87, implying around 6% upside from Friday’s price.

Long‑Term Track Record: Why ADI Keeps Drawing Attention

A new Yahoo Finance feature published Friday revisits the question of what $1,000 invested in Analog Devices a decade ago would be worth today, concluding that long‑term shareholders have handily outpaced the broader market. ^[32]

While exact figures vary with reinvested dividends and entry dates, the general picture is clear:

ADI’s share price has multiplied several times over the last ten years,
The company has maintained a steady dividend, now totalling $3.96 per share annually,
And management has consistently generated high margins and strong free cash flow, supporting both reinvestment in R&D and shareholder returns. ^[33]

That durability is one reason why ADI often appears in screens for high‑quality compounders in the semiconductor space, even if the stock occasionally goes through valuation air‑pockets and cyclical downturns.

What Today’s Setup Means for Different Types of Investors

From Friday’s batch of research and commentary, several themes stand out:

1. Growth and AI‑focused investors

ADI offers leveraged exposure to AI infrastructure, industrial automation, and automotive electronics—end markets that multiple analysts expect to grow faster than GDP for years. ^[34]
Recent quarters show accelerating revenue and EPS growth and expanding margins, with guidance that tops Street estimates. ^[35]

2. Momentum and technical traders

Technical screens show ADI in a strong uptrend, trading above all key moving averages, near 52‑week highs, with rising volume—traits often sought by trend followers. ^[36]
IBD’s RS upgrade and ChartMill’s Minervini‑style analysis both flag ADI as a potential leader, albeit one that may be short‑term extended after an 11% weekly run. ^[37]

3. Value and income investors

On most valuation frameworks (DCF, P/E vs peers, proprietary “fair value” metrics), ADI screens as expensive, with Simply Wall St estimating a near 60% premium to intrinsic value. ^[38]
The dividend yield, while supported by strong cash flow, is relatively modest around 1.5%, which may not satisfy income‑first investors at today’s price. ^[39]

Risks and Catalysts to Watch

Even with Friday’s upbeat tone, several risks remain on the radar:

Cyclical exposure: Industrial, automotive and communications customers are sensitive to macro slowdowns, capex cycles and inventory corrections. ^[40]
Competitive pressures: ADI competes with Texas Instruments, NXP, Microchip and others in key analog and mixed‑signal segments, where pricing and share shifts can erode margins. ^[41]
Valuation risk: At 55–60x trailing earnings, any disappointment in future quarters—or a reset in AI enthusiasm—could lead to multiple compression even if the business continues to grow. ^[42]

Upcoming catalysts include:

Q1 2026 earnings and updates to revenue guidance, where management will need to show that demand remains strong after a big fiscal 2025. ^[43]
The December 9–10 Federal Reserve meeting, with markets currently pricing a high probability of another rate cut—a backdrop that has been supportive for growth and semiconductor names. ^[44]
The December 8 ex‑dividend date, which may draw interest from dividend‑oriented investors. ^[45]

Bottom Line

On November 28, 2025, Analog Devices sits near the top of its trading range, buoyed by strong fiscal 2025 results, record free cash flow, and a compelling story around AI, industrial automation and automotive electronics. Bulls point to the company’s high profitability, robust balance sheet and top‑tier GF Score, while bears focus on a lofty valuation that prices in years of near‑flawless execution. ^[46]

For now, the market appears willing to pay up for quality and AI leverage. Whether ADI’s current share price proves to be a launching pad to higher levels or a temporary ceiling will depend on how well the company continues to convert its technological edge into sustainable growth—without missing a step in an increasingly crowded and fast‑moving semiconductor landscape.

Disclaimer: This article is for informational and educational purposes only and does not constitute financial advice, investment recommendation or an offer to buy or sell any securities. Always conduct your own research or consult a licensed financial professional before making investment decisions.

Analog Devices (ADI) - The Future of Semiconductor Innovation! 🔬⚡