NEW YORK, Dec. 28, 2025, 3:20 p.m. ET — Market closed
Analog Devices, Inc. (NASDAQ: ADI) heads into the final trading week of 2025 with U.S. stock markets shut for the Sunday session and investors digesting a quiet, post-Christmas Friday that left major indexes near record territory. Reuters
ADI shares were last quoted around $276.84, modestly lower on the day, with the most recent activity occurring after Friday’s close—typical of late-December trading when liquidity can be thin. StockAnalysis
With the next regular session set for Monday, Dec. 29, the setup for ADI stock is less about weekend headlines and more about (1) how markets interpret the year-end “Santa Claus rally” window, (2) where semiconductor sentiment lands as 2026 approaches, and (3) the next set of macro catalysts due this week. Reuters
Where ADI stock stands heading into the next session
Analog Devices enters Monday near its recent highs, trading roughly 2.6% below its 52-week high ($284.23) and far above its 52-week low ($158.65)—a range that underscores how strongly the stock has recovered across 2025. WallStreetZen
Broader market tone has also been constructive. On Friday, Wall Street ended a light-volume session nearly flat, snapping a five-day rally but keeping indexes close to all-time highs; Carson Group chief market strategist Ryan Detrick described the action as investors “catching our breath” after the holiday, in comments reported by Reuters. Reuters
The latest ADI-specific news in the last 24–48 hours
While there hasn’t been a flood of major, company-issued announcements over the weekend, several ADI-related items surfaced across market feeds:
1) A “Hold” downgrade hits the tape (from Wall Street Zen)
MarketBeat reported that Wall Street Zen lowered its rating on Analog Devices to “Hold” from “Buy” in a note dated Saturday. MarketBeat
Context matters here: the same MarketBeat item also notes that broader Wall Street sentiment remains more constructive (with a “Moderate Buy” style consensus in its dataset), highlighting that a single downgrade does not necessarily represent a widespread shift across the sell-side. MarketBeat
2) Institutional-position updates (13F-related headlines)
Several institutional holding-change stories were published over the past 24–48 hours, reflecting portfolio moves reported in filings (typically backward-looking to prior quarter positioning). Among them:
- PineStone Asset Management reported reducing its position during Q3, according to a MarketBeat write-up dated Dec. 28. MarketBeat
- Deprince Race & Zollo also reported trimming its stake, per MarketBeat on Dec. 28. MarketBeat
- Beacon Investment Advisory Services disclosed a smaller reduction, per MarketBeat dated Dec. 27. MarketBeat
- Paradiem LLC was cited as raising holdings in a separate MarketBeat item dated Dec. 28. MarketBeat
For investors, these are useful as ownership and positioning signals, but they are not the same thing as real-time conviction trades—especially around year-end when many managers rebalance for tax, mandate, or risk reasons.
3) A year-end bullish “Santa Claus rally” screen includes ADI
Zacks Equity Research, in a Nasdaq-hosted post dated Dec. 26, highlighted ADI among tech-oriented S&P 500 stocks it believes could benefit if the Santa Claus rally continues. Nasdaq
That note frames ADI as a high-quality analog and mixed-signal semiconductor name with improving earnings expectations in Zacks’ model, which—whether or not investors follow the Zacks methodology—matters because it reflects how some market participants are narrating the late-December tape. Nasdaq
The fundamental backdrop: what ADI last told investors
The most recent major fundamental catalyst remains Analog Devices’ late-November earnings and outlook.
Reuters (via Investing.com) reported that Analog Devices beat quarterly expectations and guided above consensus for the following quarter, citing Q4 revenue of $3.08 billion (vs. estimates around $3.01B) and adjusted EPS of $2.26 (vs. estimates around $2.22). Investing
On the outlook, ADI guided to first-quarter revenue of about $3.1 billion (±$100 million) and adjusted profit of about $2.29 per share (±$0.10), with CFO Richard Puccio noting that macro uncertainty could shape fiscal 2026 but that the company believes it is positioned to benefit from cyclical recovery. Investing
In that report, Puccio also pointed to industrial strength and communications momentum as supportive demand pillars—important because industrial has historically been a core driver for ADI’s revenue mix and margin profile. Investing
Analyst forecasts and price targets: what Wall Street is implying for ADI stock
Analyst expectations remain generally constructive, but the details are important because ADI is no longer priced like a “cheap cyclical.”
Consensus targets cluster close to the current price
StockAnalysis.com’s aggregation shows 18 analysts with a consensus “Buy” rating and an average price target of $282, implying only about ~2% upside from recent levels; the range spans $240 to $320. StockAnalysis
That “close-to-the-price” consensus is typical when a stock has already had a strong run: analysts may still like the company, but upside becomes more sensitive to either (a) upside earnings surprises or (b) multiple expansion.
Recent named calls investors keep referencing
In the most recent tranche of updates shown on StockAnalysis.com, several well-followed semiconductor analysts are listed with recent target changes, including William Stein (Truist Securities) and Timothy Arcuri (UBS). StockAnalysis
And on the more bullish end of the spectrum, a TipRanks repost of TheFly noted BofA raised its price target on ADI to $320 from $290 and reiterated a Buy rating, arguing 2026 could be a midpoint in a long infrastructure upgrade cycle tied to AI-era workloads (even if near-term trading remains choppy). TipRanks
What investors should watch before the next session opens
Because markets are closed right now, the practical question is: what could move ADI stock when trading resumes Monday?
1) Futures reopen before cash equities
U.S. equity index futures trading (often the first place sentiment shows up after a weekend) typically reopens Sunday evening; CME’s published hours list trading beginning Sunday at 6:00 p.m. ET for key equity index futures products. CME Group
If futures gap meaningfully, high-beta semiconductors can react quickly at the open—especially those sitting near highs.
2) A macro-heavy, holiday-shortened week
Investopedia’s “week ahead” calendar highlights a holiday-shortened week around New Year’s, with attention on data and central-bank color rather than major earnings:
- Monday (Dec. 29): Pending home sales
- Tuesday (Dec. 30): Case-Shiller home price index, Chicago business barometer, and minutes from the December FOMC meeting
- Wednesday (Dec. 31): Weekly jobless claims (and bond-market early close)
- Thursday (Jan. 1): Markets closed for New Year’s Day Investopedia
For ADI investors, the key linkage is rates and growth expectations: analog/industrial semiconductor names can be sensitive to shifts in “soft landing vs. slowdown” narratives and to discount-rate moves that affect valuation multiples.
3) Know the next-session mechanics: regular vs. extended-hours risks
When trading returns, U.S. equities follow standard hours. Nasdaq notes that pre-market runs 4:00–9:30 a.m. ET and after-hours runs 4:00–8:00 p.m. ET, and it cautions that extended sessions can involve lower liquidity and faster price moves—conditions that matter for single-name volatility. Nasdaq
For long-term investors, that’s less about “day trading” and more about understanding why ADI (or any large-cap semiconductor) can appear to swing sharply on relatively small volume outside the regular session.
Bottom line for Analog Devices stock ahead of Monday
Analog Devices stock is closing out 2025 in a position of strength—near its 52-week high and backed by a fundamentally improved narrative after upbeat guidance earlier this quarter. Investing
But with ADI already trading close to many consensus price targets, the near-term path likely hinges on macro tone, semiconductor risk appetite, and any incremental read-throughs about industrial demand and infrastructure spending as investors reposition into 2026. StockAnalysis
This article is for informational purposes only and does not constitute investment advice.
