Analog Devices (ADI) Stock Forecast, Price & News

23 Wall Street equities research analysts have issued "buy," "hold," and "sell" ratings for Analog Devices in the last twelve months. There are currently 7 hold ratings and 16 buy ratings for the stock. The consensus among Wall Street equities research analysts is that investors should "moderate buy" ADI shares.
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23 Wall Street analysts have issued 1 year price targets for Analog Devices' stock. Their ADI share price forecasts range from $160.00 to $225.00. On average, they anticipate the company's share price to reach $203.79 in the next twelve months. This suggests a possible upside of 17.9% from the stock's current price.
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Analog Devices' stock was trading at $164.03 at the start of the year. Since then, ADI shares have increased by 5.4% and is now trading at $172.81.
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Analog Devices saw a increase in short interest during the month of September. As of September 15th, there was short interest totaling 6,380,000 shares, an increase of 5.1% from the August 31st total of 6,070,000 shares. Based on an average daily trading volume, of 3,300,000 shares, the days-to-cover ratio is currently 1.9 days.
View Analog Devices' Short Interest.

The company is scheduled to release its next quarterly earnings announcement on Tuesday, November 28th 2023.
View our ADI earnings forecast.

Analog Devices, Inc. (NASDAQ:ADI) posted its quarterly earnings data on Wednesday, August, 23rd. The semiconductor company reported $2.49 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.52 by $0.03. The semiconductor company earned $3.08 billion during the quarter, compared to analyst estimates of $3.10 billion. Analog Devices had a trailing twelve-month return on equity of 15.20% and a net margin of 29.23%. The company's revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the firm earned $2.52 earnings per share.
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Analog Devices declared a quarterly dividend on Wednesday, August 23rd. Investors of record on Tuesday, September 5th will be given a dividend of $0.86 per share on Thursday, September 14th. This represents a $3.44 annualized dividend and a yield of 1.99%. The ex-dividend date is Friday, September 1st.
Read our dividend analysis for ADI.

ETFs with the largest weight of Analog Devices (NASDAQ:ADI) stock in their portfolio include Defiance Next Gen Connectivity ETF (FIVG), FPA Global Equity ETF (FPAG), VanEck Semiconductor ETF (SMH), Columbia Seligman Semiconductor & Technology ETF (SEMI), Invesco Semiconductors ETF (PSI), Neuberger Berman Disrupters ETF (NBDS), Invesco PHLX Semiconductor ETF (SOXQ) and iShares Semiconductor ETF (SOXX).

Analog Devices (NASDAQ:ADI) pays an annual dividend of $3.44 per share and currently has a dividend yield of 1.96%. The company has been increasing its dividend for 21 consecutive years, indicating the company has a strong committment to maintain and grow its dividend. The dividend payout ratio is 46.74%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, ADI will have a dividend payout ratio of 41.25% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for ADI.

Analog Devices updated its fourth quarter 2023 earnings guidance on Wednesday, August, 23rd. The company provided EPS guidance of $1.90-$2.10 for the period, compared to the consensus EPS estimate of $2.39. The company issued revenue guidance of $2.60 billion-$2.80 billion, compared to the consensus revenue estimate of $3.00 billion.

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.

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).

Analog Devices trades on the NASDAQ under the ticker symbol "ADI."

Analog Devices' stock is owned by a variety of institutional and retail investors. Top institutional shareholders include Bank Julius Baer & Co. Ltd Zurich (106.13%), BlackRock Inc. (8.13%), State Street Corp (4.13%), Geode Capital Management LLC (1.91%), Franklin Resources Inc. (1.80%) and Northern Trust Corp (1.17%). Insiders that own company stock include Bruce R Evans, Edward H Frank, Gregory N Henderson, James Champy, Kenton J Sicchitano, Martin Cotter, Michael Sondel, Prashanth Mahendra-Rajah, Steve Pietkiewicz, Tunc Doluca, Vincent Roche and Vivek Jain.
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Shares of ADI stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
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One share of ADI stock can currently be purchased for approximately $172.81.

Analog Devices (NASDAQ:ADI) has a market capitalization of $86.11 billion and generates $12.01 billion in revenue each year. The semiconductor company earns $2.75 billion in net income (profit) each year or $7.36 on an earnings per share basis.

The company employs 24,450 workers across the globe.

Analog Devices' mailing address is ONE TECHNOLOGY WAY, NORWOOD MA, 02062. The official website for the company is www.analog.com. The semiconductor company can be reached via phone at (781) 935-5565, via email at investor.relations@analog.com, or via fax at 781-461-3113.