NASDAQ:ADIAnalog Devices Stock Price, Forecast & News

Analog Devices' stock was trading at $94.41 on March 11th, 2020 when COVID-19 reached pandemic status according to the World Health Organization. Since then, ADI shares have increased by 28.4% and is now trading at $121.24. View which stocks have been most impacted by Coronavirus.

20 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Analog Devices in the last year. There are currently 7 hold ratings and 13 buy ratings for the stock, resulting in a consensus recommendation of "Buy." View analyst ratings for Analog Devices.

Analog Devices is scheduled to release its next quarterly earnings announcement on Wednesday, August 19th 2020. View our earnings forecast for Analog Devices.

Analog Devices, Inc. (NASDAQ:ADI) released its quarterly earnings data on Wednesday, May, 20th. The semiconductor company reported $1.08 EPS for the quarter, beating the consensus estimate of $1.05 by $0.03. The semiconductor company had revenue of $1.32 billion for the quarter, compared to analyst estimates of $1.32 billion. Analog Devices had a net margin of 20.05% and a return on equity of 14.51%. Analog Devices's revenue for the quarter was down 13.7% on a year-over-year basis. During the same period in the previous year, the firm posted $1.36 earnings per share. View Analog Devices' earnings history.

Analog Devices declared a quarterly dividend on Thursday, May 21st. Stockholders of record on Friday, May 29th will be paid a dividend of $0.62 per share on Tuesday, June 9th. This represents a $2.48 dividend on an annualized basis and a dividend yield of 2.05%. The ex-dividend date of this dividend is Thursday, May 28th. View Analog Devices' dividend history.

Analog Devices announced that its Board of Directors has initiated a stock buyback program on Tuesday, August 21st 2018, which permits the company to repurchase $2,000,000,000.00 in outstanding shares, according to EventVestor. This repurchase authorization permits the company to reacquire up to 5.8% of its stock through open market purchases. Stock repurchase programs are often an indication that the company's board believes its stock is undervalued.

Analog Devices updated its third quarter earnings guidance on Wednesday, May, 20th. The company provided earnings per share guidance of $0.97-1.19 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $1.00. The company issued revenue guidance of $1.31-1.33 billion, compared to the consensus revenue estimate of $1.31 billion.

20 equities research analysts have issued 1 year price targets for Analog Devices' shares. Their forecasts range from $90.00 to $140.00. On average, they expect Analog Devices' share price to reach $122.52 in the next year. This suggests a possible upside of 1.1% from the stock's current price. View analysts' price targets for Analog Devices.

Headlines about ADI stock have trended somewhat negative recently, InfoTrie Sentiment reports. The research firm scores the sentiment of press coverage by monitoring more than six thousand blog and news sources in real time. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. Analog Devices earned a news sentiment score of -1.0 on InfoTrie's scale. They also gave news stories about the semiconductor company a news buzz of 0.0 out of 10, indicating that recent press coverage is extremely unlikely to have an effect on the stock's share price in the next several days. View the latest news about Analog Devices.

Analog Devices saw a decline in short interest in June. As of June 15th, there was short interest totaling 3,990,000 shares, a decline of 11.3% from the May 31st total of 4,500,000 shares. Based on an average daily volume of 3,150,000 shares, the days-to-cover ratio is presently 1.3 days. Currently, 1.1% of the company's stock are sold short. View Analog Devices' Current Options Chain.

Some companies that are related to Analog Devices include Intel (INTC), NVIDIA (NVDA), Broadcom (AVGO), Texas Instruments (TXN), Micron Technology (MU), Microchip Technology (MCHP), Marvell Technology Group (MRVL), Xilinx (XLNX), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cree (CREE), Inphi (IPHI), First Solar (FSLR) and Silicon Laboratories (SLAB). View all competitors.

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

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 Confluence Investment Management LLC (0.24%) and Park National Corp OH (0.00%). Company insiders that own Analog Devices stock include Bruce R Evans, Edward H Frank, Eileen Wynne, Gregory N Henderson, James Champy, Joseph Hassett, Kenton J Sicchitano, Margaret K Seif, Martin Cotter, Michael Sondel, Neil S Novich, Peter Real, Prashanth Mahendra-Rajah, Ray Stata, Steve Pietkiewicz, Vincent Roche and Yusuf Jamal. View institutional ownership trends for Analog Devices.

ADI stock was sold by a variety of institutional investors in the last quarter, including Confluence Investment Management LLC, and Park National Corp OH. Company insiders that have sold Analog Devices company stock in the last year include Edward H Frank, Gregory N Henderson, James Champy, Joseph Hassett, Kenton J Sicchitano, Martin Cotter, Neil S Novich, Prashanth Mahendra-Rajah, Ray Stata, Steve Pietkiewicz, and Vincent Roche. View insider buying and selling activity for Analog Devices.

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

One share of ADI stock can currently be purchased for approximately $121.24.

Analog Devices has a market capitalization of $44.67 billion and generates $5.99 billion in revenue each year. The semiconductor company earns $1.36 billion in net income (profit) each year or $5.15 on an earnings per share basis. Analog Devices employs 16,400 workers across the globe.

The official website for Analog Devices is www.analog.com.

Analog Devices' mailing address is ONE TECHNOLOGY WAY, NORWOOD MA, 02062. The semiconductor company can be reached via phone at 781-329-4700 or via email at [email protected]