Want to Buy Analog Devices Inc (ADI) Stock? Listen to Argus First

Want to Buy Analog Devices Inc (ADI) Stock? Listen to Argus First Neha Gupta Mon, June 1, 2026 at 1:17 AM GMT+2 2 min read ADI Analog Devices Inc (NASDAQ: ADI ) is one of Renaissance Technologies’ top semiconductor stock picks . Analog shares have returned more than 50% year-to-date and almost doubled over the past year.

Want to Buy Analog Devices Inc (ADI) Stock? Listen to Argus First On May 26, Argus raised its price target on Analog Devices Inc (NASDAQ:ADI) shares to $460 from $400 and kept a Buy rating on the stock. The research firm sees broad-based revenue growth for this semiconductor company.

Argus noted that Analog Devices delivered revenue and adjusted EPS above the high end of management’s guidance ranges and ahead of the Street’s expectations in fiscal Q2 2026, which ended May 2. Analog Devices reported fiscal Q2 revenue of $3. 62 billion, up 37% YoY and above analysts’ forecast of $3.

50 billion. Adjusted EPS of $3. 09 rose from $1.

85 a year ago and surpassed analysts’ estimate of $2. 92. The results were driven by strong performance across the company’s market segments, with communications and industrial sectors emerging as the star markets.

According to the firm, sales into three of Analog Devices’ four end markets posted double-digit percentage growth during the quarter. Argus also said Analog Devices benefits from a diversified customer base, a broad product portfolio, and a flexible manufacturing model. This supports a resilient business, the firm noted.

Analog Devices Inc (NASDAQ:ADI) is a global semiconductor company and a specialist in data conversion, signal processing, and power management chips. Analog’s technology is used across diverse industries, including healthcare, automotive, and communications. While we acknowledge the potential of ADI as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk.

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