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Analog Devices (ADI) Stock Price, News & Analysis

$238.44
+2.14 (+0.91%)
(As of 06/12/2024 ET)
Today's Range
$236.44
$240.58
50-Day Range
$183.36
$240.16
52-Week Range
$154.99
$241.88
Volume
2.51 million shs
Average Volume
3.36 million shs
Market Capitalization
$118.32 billion
P/E Ratio
55.71
Dividend Yield
1.54%
Price Target
$243.23

Analog Devices MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.75 Rating Score
Upside/​Downside
2.0% Upside
$243.23 Price Target
Short Interest
Healthy
1.82% of Shares Sold Short
Dividend Strength
Weak
Based on Four Factors
Sustainability
-1.08
Upright™ Environmental Score
News Sentiment
1.53mentions of Analog Devices in the last 14 days
Based on 11 Articles This Week
Insider Trading
Selling Shares
$7 M Sold Last Quarter
Proj. Earnings Growth
28.62%
From $6.22 to $8.00 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.86 out of 5 stars

Computer And Technology Sector

26th out of 587 stocks

Semiconductors & Related Devices Industry

3rd out of 87 stocks

ADI stock logo

About Analog Devices Stock (NASDAQ:ADI)

Analog Devices, Inc. designs, manufactures, tests, and markets integrated circuits (ICs), software, and subsystems products in the United States, rest of North and South America, Europe, Japan, China, and rest of Asia. The company provides data converter products, which translate real-world analog signals into digital data, as well as translates digital data into analog signals; power management and reference products for power conversion, driver monitoring, sequencing, and energy management applications in the automotive, communications, industrial, and consumer markets; and power ICs that include performance, integration, and software design simulation tools for accurate power supply designs. It also offers amplifiers to condition analog signals; and radio frequency and microwave ICs to support cellular infrastructure; and micro-electro-mechanical systems technology solutions, including accelerometers used to sense acceleration, gyroscopes for sense rotation, inertial measurement units to sense multiple degrees of freedom, and broadband switches for radio and instrument systems, as well as isolators. In addition, the company provides digital signal processing and system products for numeric calculations. It serves clients in the industrial, automotive, consumer, instrumentation, aerospace, defense and healthcare, and communications markets through a direct sales force, third-party distributors, and independent sales representatives, as well as online. Analog Devices, Inc. was incorporated in 1965 and is headquartered in Wilmington, Massachusetts.

ADI Stock Price History

ADI Stock News Headlines

Analog Devices Extends Rally: Signals Start to Cyclical Recovery
Analog Devices NASDAQ: ADI share prices are surging because a trough is in place, and the outlook is robust. The FQ2 results and guidance for FQ3 aren't robust but show markets stronger than expected, and AI supports the pivot back to growth.
Analog Devices Extends Rally: Signals Start to Cyclical Recovery
Dividend-paying Analog Devices is indicating the start of a cyclical recovery in the semiconductor markets that will drive results for the next few years
Analog Devices: Get Ready For The Upcycle
See More Headlines
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Company Calendar

Ex-Dividend for 3/15 Dividend
3/04/2024
Dividend Payable
3/15/2024
Last Earnings
5/22/2024
Ex-Dividend for 6/17 Dividend
6/04/2024
Today
6/12/2024
Dividend Payable
6/17/2024
Next Earnings (Estimated)
8/28/2024
Fiscal Year End
10/31/2024

Industry, Sector and Symbol

Industry
Semiconductors & related devices
Sub-Industry
Semiconductors
Current Symbol
NASDAQ:ADI
CUSIP
03265410
CIK
6281
Employees
26,000
Year Founded
1965

Price Target and Rating

Average Stock Price Target
$243.23
High Stock Price Target
$285.00
Low Stock Price Target
$175.00
Potential Upside/Downside
+2.0%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.75
Research Coverage
24 Analysts

Profitability

Net Income
$3.31 billion
Pretax Margin
21.83%

Debt

Sales & Book Value

Annual Sales
$12.31 billion
Cash Flow
$15.09 per share
Book Value
$71.04 per share

Miscellaneous

Free Float
494,679,000
Market Cap
$118.32 billion
Optionable
Optionable
Beta
1.12

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Should I Buy Analog Devices Stock? ADI Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Analog Devices, Inc.:

  • Analog Devices, Inc. has shown consistent revenue growth over the past few quarters, indicating a strong business performance.
  • The company has a solid track record of innovation, particularly in the semiconductor industry, which could lead to future growth opportunities.
  • Analysts have recently upgraded their ratings on Analog Devices, Inc., suggesting positive sentiment towards the stock.
  • The current stock price of Analog Devices, Inc. is trading at a reasonable valuation compared to its peers, presenting a potential value investment opportunity.
  • With a low debt-to-equity ratio of 0.27, Analog Devices, Inc. has a strong financial position that can support future growth and stability.

Cons

Investors should be bearish about investing in Analog Devices, Inc. for these reasons:

  • Despite positive aspects, the semiconductor industry can be volatile, leading to potential risks for companies like Analog Devices, Inc.
  • Competition in the semiconductor market is intense, which could impact Analog Devices, Inc.'s market share and profitability.
  • Market conditions and economic uncertainties may affect the demand for Analog Devices, Inc.'s products, influencing its financial performance.
  • Analysts have issued mixed ratings on Analog Devices, Inc., indicating differing opinions on the company's future prospects.
  • Investors should carefully monitor macroeconomic factors that could impact Analog Devices, Inc.'s operations and stock performance.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Saturday, June 8, 2024. Please send any questions or comments about these Analog Devices pros and cons to contact@marketbeat.com.

ADI Stock Analysis - Frequently Asked Questions

Should I buy or sell Analog Devices stock right now?

24 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Analog Devices in the last year. There are currently 6 hold ratings and 18 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ADI shares.
View ADI analyst ratings
or view top-rated stocks.

What is Analog Devices' stock price target for 2024?

24 brokerages have issued 12-month price objectives for Analog Devices' stock. Their ADI share price targets range from $175.00 to $285.00. On average, they anticipate the company's stock price to reach $243.23 in the next year. This suggests a possible upside of 2.0% from the stock's current price.
View analysts price targets for ADI
or view top-rated stocks among Wall Street analysts.

How have ADI shares performed in 2024?

Analog Devices' stock was trading at $198.56 at the beginning of the year. Since then, ADI shares have increased by 20.1% and is now trading at $238.44.
View the best growth stocks for 2024 here
.

Are investors shorting Analog Devices?

Analog Devices saw a drop in short interest in May. As of May 31st, there was short interest totaling 9,050,000 shares, a drop of 20.8% from the May 15th total of 11,420,000 shares. Based on an average daily volume of 3,300,000 shares, the short-interest ratio is currently 2.7 days.
View Analog Devices' Short Interest
.

When is Analog Devices' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Wednesday, August 28th 2024.
View our ADI earnings forecast
.

How were Analog Devices' earnings last quarter?

Analog Devices, Inc. (NASDAQ:ADI) announced its quarterly earnings results on Wednesday, May, 22nd. The semiconductor company reported $1.40 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.26 by $0.14. The semiconductor company had revenue of $2.16 billion for the quarter, compared to the consensus estimate of $2.11 billion. Analog Devices had a trailing twelve-month return on equity of 10.74% and a net margin of 20.45%. The company's quarterly revenue was down 33.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $2.83 earnings per share.
Read the conference call transcript
.

How often does Analog Devices pay dividends? What is the dividend yield for Analog Devices?

Analog Devices announced a quarterly dividend on Wednesday, May 22nd. Investors of record on Tuesday, June 4th will be paid a dividend of $0.92 per share on Monday, June 17th. This represents a $3.68 dividend on an annualized basis and a yield of 1.54%. The ex-dividend date of this dividend is Tuesday, June 4th.
Read our dividend analysis for ADI
.

Is Analog Devices a good dividend stock?

Analog Devices (NASDAQ:ADI) pays an annual dividend of $3.68 per share and currently has a dividend yield of 1.56%. The company does not yet have a strong track record of dividend growth. The dividend payout ratio is 85.98%. Payout ratios above 75% are not desirable because they may not be sustainable. Based on earnings estimates, ADI will have a dividend payout ratio of 46.00% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ADI.

What guidance has Analog Devices issued on next quarter's earnings?

Analog Devices issued an update on its third quarter earnings guidance on Wednesday, May, 22nd. The company provided EPS guidance of $1.40-$1.60 for the period, compared to the consensus EPS estimate of $1.34. The company issued revenue guidance of $2.17-$2.37 billion, compared to the consensus revenue estimate of $2.16 billion.

What is Vincent Roche's approval rating as Analog Devices' CEO?

344 employees have rated Analog Devices Chief Executive Officer Vincent Roche on Glassdoor.com. Vincent Roche has an approval rating of 88% among the company's employees.

What other stocks do shareholders of Analog Devices own?

Based on aggregate information from My MarketBeat watchlists, some companies that other Analog Devices investors own include NVIDIA (NVDA), Intel (INTC), Advanced Micro Devices (AMD), QUALCOMM (QCOM), Micron Technology (MU), Cisco Systems (CSCO), Alibaba Group (BABA), Broadcom (AVGO), AT&T (T) and Walt Disney (DIS).

Who are Analog Devices' major shareholders?

Analog Devices' stock is owned by a variety of retail and institutional investors. Top institutional shareholders include Vanguard Group Inc. (9.62%), Price T Rowe Associates Inc. MD (1.65%), Capital International Investors (1.04%), Lazard Asset Management LLC (0.93%), Bank of New York Mellon Corp (0.80%) and First Eagle Investment Management LLC (0.78%). Insiders that own company stock include Bruce R Evans, Edward H Frank, Gregory N Henderson, James Champy, Kenton J Sicchitano, Michael Sondel, Prashanth Mahendra-Rajah, Tunc Doluca, Vincent Roche and Vivek Jain.
View institutional ownership trends
.

How do I buy shares of Analog Devices?

Shares of ADI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

Does Analog Devices have any subsidiaries?
The following companies are subsidiares of Analog Devices: 9164-4187 Quebec Inc, ANALOG DEVICES LIMERICK UNLIMITED COMPANY, ANALOG DEVICES LIMITED, Acuitas Silicon Limited, Ad Cooperative LLC, Adaptec, Analog Devices (China) Co. Ltd., Analog Devices (China) Holdings Co. Ltd., Analog Devices (Finland) OY, Analog Devices (Hangzhou) Co. Ltd., Analog Devices (Phils.) Inc., Analog Devices A.B., Analog Devices A/S, Analog Devices Atlantic Unlimited Company, Analog Devices Australia Pty. Ltd., Analog Devices Canada Ltd., Analog Devices Cooperatief U.A., Analog Devices Federal LLC, Analog Devices GMBH, Analog Devices Gen. Trias Inc., Analog Devices Holdings B.V., Analog Devices Inc., Analog Devices India Private Limited, Analog Devices International LLC, Analog Devices International Unlimited Company, Analog Devices Israel Ltd., Analog Devices K.K., Analog Devices Korea Ltd., Analog Devices LLC, Analog Devices Limited Egypt LLC, Analog Devices Mexico S. de R.L. de C.V., Analog Devices Microelectronics, Analog Devices Mikroelektronik Sanayi Ve Ticaret Ltd., Analog Devices Nederland B.V., Analog Devices Norway AS, Analog Devices Pty. Ltd., Analog Devices Realty Holdings Inc., Analog Devices Romania S.R.L., Analog Devices S.L.U., Analog Devices SAS, Analog Devices SRL, Analog Devices Sdn Bhd, Analog Devices Sp. Z o.o., Analog Devices Taiwan Ltd, AudioAsics, BCO Technologies, Bedrock Automation Platforms Inc., Calvatec Limited, Cambridge Analog Technologies Inc., ChipLogic, Edinburgh Portable Compilers, Electric Motors Test S.L., HMC Netherlands C.V., Hittite Microwave, Hittite Microwave Holding LLC, Hittite Microwave LLC, Hittite Microwave SARL, INVECAS - High Definition Multimedia Interface, Icron Technologies Corporation, Innova Card, Innovasic Inc., Innovasic Semiconductor Inc, Integrant Technologies, Integrated Micro Instruments, L&L Engineering LLC, Laser Beam Steering Technology, Linear Technology, Linear Technology (Israel) Ltd., Linear Technology Corporation Limited, Linear Technology GK, Linear Technology Holding LLC, Linear Technology KK, Linear Technology PTE LTD, Linear Technology S.A.R.L., Linear Technology Semiconductor India Private Limited, Linear Technology Taiwan Corporation, Lyric Semiconductor, MAXIM (I.P.) ENTERPRISE SOLUTIONS CORPORATION, MAXIM PHIL. HOLDING CORPORATION, MXIM Circuits Design Shanghai Limited, Maxim Dallas (Shanghai) Semiconductor Trading Co. Ltd., Maxim France SARL, Maxim Gesellschaft fur elektronische integrierte Bausteine GmbH, Maxim India Integrated Circuit Design Private Limited, Maxim Integrated, Maxim Integrated Acquisition GmbH, Maxim Integrated GmbH, Maxim Integrated Products (Thailand) Co. Ltd., Maxim Integrated Products Asia Limited, Maxim Integrated Products GmbH (Austria), Maxim Integrated Products GmbH (Germany), Maxim Integrated Products Inc., Maxim Integrated Products India Sales Private Limited, Maxim Integrated Products International Limited, Maxim Integrated Products International Sales Ireland Ltd Filial Sweden, Maxim Integrated Products International Sales Japan GK, Maxim Integrated Products International Sales Limited, Maxim Integrated Products International Sales Limited Türkiye Istanbul rtibat Bürosu, Maxim Integrated Products Korea Inc., Maxim Integrated Products UK Limited, Maxim International Holding Inc., Maxim Island Holdings Corporation, Maxim Japan Co. Ltd, Maxim Mikroelektronik Tasarim ve Gelistirme Ltd. Sti, Maxim Phil. Land Corporation, Maxim Phil. Operating Corporation, Maxim Semiconductor Corporation (Taiwan), Metroic, Mobilygen Corporation, Multigig, Multigig Inc., OneTree Microdevices, Onetree Microdevices Inc., OtoSense, Otosense Inc., Phyworks Limited, Sand 9, Scintera Networks LLC, Security Bank Corp., Semiconductor Topco Corp., Signal Processing Associates, Staccato Systems, Symeo, TTPCom, TagArray Inc., Teridian Semiconductor Corporation, Teridian Semiconductor Intermediate Holding Corp., Test Motors, Thomas Neuroth, Trinamic Motion Control GmbH & Co. KG, Trinamic OÜ, Trinamic Verwaltungsgesellschaft mbH, Volterra Asia Pte. Ltd., Volterra Semiconductor LLC, and White Mountain DSP.
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This page (NASDAQ:ADI) was last updated on 6/13/2024 by MarketBeat.com Staff

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