ADTRAN Holdings, Inc. (NASDAQ:ADTN) Receives Average Recommendation of “Hold” from Brokerages

Shares of ADTRAN Holdings, Inc. (NASDAQ:ADTNGet Rating) have been given an average rating of “Hold” by the eight research firms that are currently covering the firm, Marketbeat reports. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have given a buy rating to the company. The average 12-month target price among brokerages that have issued ratings on the stock in the last year is $29.33.

Several research firms have weighed in on ADTN. Cowen lifted their price objective on shares of ADTRAN to $34.00 in a research report on Monday, August 15th. Westpark Capital assumed coverage on shares of ADTRAN in a report on Tuesday, September 13th. They set a “hold” rating on the stock. Rosenblatt Securities lowered their price target on shares of ADTRAN from $30.00 to $29.00 and set a “buy” rating on the stock in a report on Thursday, September 8th. cut shares of ADTRAN from a “hold” rating to a “sell” rating in a report on Wednesday, November 16th. Finally, Loop Capital raised shares of ADTRAN from a “hold” rating to a “buy” rating and lifted their price objective for the company from $21.00 to $26.00 in a research note on Monday, September 26th.

ADTRAN Stock Performance

ADTRAN stock opened at $20.25 on Friday. ADTRAN has a 1 year low of $16.30 and a 1 year high of $25.47. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of -31.64 and a beta of 1.40. The firm’s 50 day moving average price is $20.10 and its two-hundred day moving average price is $20.47.

ADTRAN Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Tuesday, December 6th. Investors of record on Tuesday, November 22nd will be issued a $0.09 dividend. The ex-dividend date is Monday, November 21st. This represents a $0.36 annualized dividend and a yield of 1.78%. ADTRAN’s dividend payout ratio is currently -56.25%.

Hedge Funds Weigh In On ADTRAN

Several large investors have recently bought and sold shares of ADTN. Altshuler Shaham Ltd acquired a new position in ADTRAN in the third quarter valued at approximately $32,000. FMR LLC lifted its holdings in ADTRAN by 41.3% in the second quarter. FMR LLC now owns 1,965 shares of the communications equipment provider’s stock valued at $35,000 after buying an additional 574 shares during the period. Macquarie Group Ltd. acquired a new stake in ADTRAN in the third quarter worth $46,000. Point72 Hong Kong Ltd acquired a new stake in ADTRAN in the second quarter worth $72,000. Finally, Group One Trading L.P. raised its holdings in ADTRAN by 228.4% in the third quarter. Group One Trading L.P. now owns 4,023 shares of the communications equipment provider’s stock worth $79,000 after purchasing an additional 2,798 shares during the period. 97.65% of the stock is currently owned by institutional investors and hedge funds.


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ADTRAN Holdings, Inc, through its subsidiaries, provides end-to-end fiber networking solutions for communications service provider, enterprises, and government customers in the United States, Germany, the United Kingdom, Mexico, and internationally. It operates through two segments, Network Solutions, and Services & Support.

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Analyst Recommendations for ADTRAN (NASDAQ:ADTN)

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