NASDAQ:ADIAnalog Devices Stock Price, Forecast & News

Analog Devices' stock was trading at $94.41 on March 11th, 2020 when Coronavirus (COVID-19) reached pandemic status according to the World Health Organization. Since then, ADI stock has increased by 17.5% and is now trading at $110.96. View which stocks have been most impacted by Coronavirus.

21 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Analog Devices in the last year. There are currently 6 hold ratings and 15 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) announced its earnings results on Wednesday, May, 20th. The semiconductor company reported $1.08 earnings per share (EPS) for the quarter, beating the Thomson Reuters' consensus estimate of $1.05 by $0.03. The semiconductor company earned $1.32 billion during the quarter, compared to analysts' expectations of $1.32 billion. Analog Devices had a net margin of 20.05% and a return on equity of 14.51%. The firm'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 earned $1.36 earnings per share. View Analog Devices' earnings history.

Analog Devices announced 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 annualized dividend and a yield of 2.24%. The ex-dividend date of this dividend is Thursday, May 28th. View Analog Devices' dividend history.

Analog Devices declared that its board has authorized a share buyback plan on Tuesday, August 21st 2018, which allows the company to repurchase $2,000,000,000.00 in shares, according to EventVestor. This repurchase authorization allows the company to reacquire up to 5.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company's leadership believes its stock is undervalued.

Analog Devices issued an update on 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.

21 Wall Street analysts have issued twelve-month target prices for Analog Devices' shares. Their forecasts range from $90.00 to $140.00. On average, they anticipate Analog Devices' share price to reach $122.27 in the next year. This suggests a possible upside of 10.2% from the stock's current price. View analysts' price targets for Analog Devices.

Media headlines about ADI stock have been trending somewhat negative on Friday, InfoTrie Sentiment Analysis reports. InfoTrie identifies positive and negative media coverage by analyzing more than six thousand blog and news sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to five, with scores nearest to five being the most favorable. Analog Devices earned a coverage optimism score of -1.0 on InfoTrie's scale. They also assigned media coverage about the semiconductor company a news buzz of 5.0 out of 10, indicating that recent media coverage is somewhat likely to have an effect on the company's share price in the near future. View the latest news aboutAnalog Devices.

Analog Devices saw a increase in short interest during the month of May. As of May 15th, there was short interest totaling 5,980,000 shares, an increase of 9.9% from the April 30th total of 5,440,000 shares. Based on an average trading volume of 3,260,000 shares, the days-to-cover ratio is presently 1.8 days. Approximately 1.6% of the company's shares are short sold. 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), Xilinx (XLNX), Marvell Technology Group (MRVL), Skyworks Solutions (SWKS), Maxim Integrated Products (MXIM), Monolithic Power Systems (MPWR), Cypress Semiconductor (CY), Cree (CREE), Inphi (IPHI) and First Solar (FSLR). 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 many different retail and institutional investors. Top institutional investors include BlackRock Inc. (7.55%), Massachusetts Financial Services Co. MA (4.17%), State Street Corp (4.10%), Franklin Resources Inc. (2.64%), Wells Fargo & Company MN (2.34%) and Geode Capital Management LLC (1.47%). 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 Capital International Investors, Massachusetts Financial Services Co. MA, Nuveen Asset Management LLC, Timucuan Asset Management Inc. FL, Morgan Stanley, Morgan Stanley, First Trust Advisors LP, and Jennison Associates LLC. 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.

ADI stock was bought by a variety of institutional investors in the last quarter, including BlackRock Inc., Invesco Ltd., Melvin Capital Management LP, Sumitomo Mitsui Trust Holdings Inc., Sound Shore Management Inc. CT, Janus Henderson Group PLC, Lord Abbett & CO. LLC, and Franklin Resources Inc.. 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 $110.96.

Analog Devices has a market capitalization of $40.88 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]